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The former Ministry of Trade has its origins in 1945 with the formation of the modern National Unification Cabinet, and became a ministry in its own right in 1955. [1] The Ministry of Trade merged with the Ministry of Industry in 2007 to form the Ministry of Industry and trade. The current Minister of Industry and Trade is Nguyễn Hồng Diên.
Vietnam's foreign trade has been growing fast since state controls were relaxed in the 1990s. The country imports machinery, refined petroleum, and steel; it exports crude oil, textiles and garments, and footwear. The balance of trade has in the past been positive but recent statistics (2004) showed that it was negative.
Vietnam's GDP grew by 7.09% in 2024, ahead of government forecasts of 6.5%. Yet Vietnam's trade surplus with the U.S. could put it at risk of new tariffs.
The Vietnam General Confederation of Labour (VGCL) is the sole national trade union center in Vietnam. It was founded 29 July 1929 as the Red Workers' General Union in Northern Vietnam, and extended into the entire country after the collapse of South Vietnam in 1975.
Vietnam's large trade surplus with the United States may reignite tensions with Washington in the event of a second Trump presidency, analysts warned, as exports of solar panels and other ...
U.S. - Vietnam Trade Relations refer to the bilateral trade relationship between the United States of America (U.S.) and the Socialist Republic of Vietnam (Vietnam) from 1990s to 2012. After more than two decades of no economic relationship since the end of the Vietnam War , [ 1 ] the two governments reestablished economic relationship during ...
Vietnam, although a relatively young and small nation, has successfully established trade relations with dozens of countries worldwide. This is especially evident in the number of free trade agreements (FTAs) that the country has signed and is participating in. Being part of the Association of Southeast Asian Nations (ASEAN), economic opportunities for Vietnam expands beyond bilateral trade ...
HANOI (Reuters) -Police in Vietnam have detained a deputy minister of Industry and Trade on an accusation of bribery, its security ministry said on Thursday, the latest arrest in the ruling ...