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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.
In the 1980s, the Vietnamese government, acting under Communist Party supervision, continued to regulate and control all foreign trade. The Ministry of Foreign Trade managed trade and was responsible for issuing of import and export licences and approving any departures from the formal economic plan on an ad hoc basis. There was considerable ...
The Ministry manages the work of national accounting, state borrowing, the activities of stock markets, and the Department of Customs. [1] The Ministry's main offices are located in Hanoi . The Ministry of Finance directly owns and controls some state companies, such as Bao Viet Insurance, of which it owns 71%.
The Government Office (Vietnamese: Văn phòng Chính phủ - VPCP) is a ministry-level agency in Vietnam that assists the Government and the Prime Minister.The Government Office is headed by a Chief, which is officially designated as the Minister-Chairman of Government Office (Bộ trưởng, Chủ nhiệm Văn phòng Chính phủ), being a minister-level position of the Vietnamese cabinet.
The Government of the Socialist Republic of Vietnam (Vietnamese: Chính phủ nước Cộng hòa xã hội chủ nghĩa Việt Nam; less formally the Vietnamese Government or the Government of Vietnam, Vietnamese: Chính phủ Việt Nam) is the cabinet and the central executive body of the state administration of Vietnam. The members of the ...
Below is a list of all the bilateral trade agreements Vietnam is currently participating in, organized by the partnering country. Chile: Vietnam-Chile Free Trade Agreement, signed 12 November, 2011; came into effect on 4 February, 2014. [1] Cuba: Vietnam–Cuba Free Trade Agreement, signed 9 November 2018; came into effect on 1 April, 2020. [2]
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Throughout the next five years after 2007, Vietnam ran a trade deficit with the rest of the world in the tens of billions of dollars, with the record trade deficit in 2008 of US$18 billion. [96] The account deficit has since decreased. In 2012, Vietnam recorded a trade surplus of US$780 million, the first trade surplus since 1993.