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VIỆT NAM’S SOLAR EXPORTS HIT WITH US DUTIES OF UP TO 542.6 PER CENT
The US has officially imposed steep tariffs on solar energy products imported from four Southeast Asian countries, including Việt Nam, Malaysia, Thailand and Cambodia. The tariffs unveiled on Apr 21 vary widely depending on the company and country, but were broadly higher than the preliminary duties announced late last year.
ASEAN, AUSTRALIA AND NEW ZEALAND’S UPGRADED FREE TRADE AREA DEAL ENTERS INTO FORCE
An upgraded agreement between Asean, Australia and New Zealand entered into force on April 21, enhancing business opportunities across a free trade area of over 703 million people, with a combined gross domestic product of more than US$5.6 trillion (S$7.3 trillion). The deal to upgrade the Asean-Australia-New Zealand Free Trade Area (AANZFTA) was signed in Indonesia in August 2023 to promote opportunities in areas such as e-commerce, investment, services, sustainable development, consumer protection and government procurement.
GOV’T OKAYS PLAN TO ESTABLISH NATIONAL HOUSING DEVELOPMENT FUND
The Government has given the nod to the establishment of a National Housing Development Fund to support the construction of social homes, worker accommodations, and affordable apartments for people who are under 35 years old. Deputy Prime Minister Ho Duc Phoc chaired a meeting on April 21 to review the proposal, which was submitted by the Ministry of Construction and other relevant ministries, reported the Vietnam News Agency (VNA).
ROUTES BANNED FROM TRAFFIC IN HO CHI MINH CITY ON APRIL 22, 25, 27 AND 30
On April 21, the Traffic Police Department of Ho Chi Minh City Police said that in order to ensure security, order, traffic safety and order to serve the organization of State-level General Training and Pre- approve, State-level General Approve and officially celebrate the 50th anniversary of the Liberation of the South and National Reunification Day, many roads in the city center will be closed to traffic.
80 INFRASTRUCTURE PROJECTS ROLLED OUT NATIONWIDE
Prime Minister Pham Minh Chinh today, April 19, chaired the groundbreaking and inauguration ceremonies of 80 key national projects across the country to commemorate the 50th anniversary of the liberation of the south and the reunification of the nation on April 30. The ceremonies were held in a hybrid format, with the main event taking place at Terminal 3 of Tan Son Nhat International Airport in HCMC and connected virtually to other sites nationwide.
AGRICULTURAL EXPORT MARKETS DIVERSIFY
Vietnam is stepping up efforts to boost agricultural exports as it seeks to diversify its overseas markets and deepen economic ties with key partners. During a bilateral meeting on the sidelines of the 150th Assembly of the Inter-Parliamentary Union in Uzbekistan last week, Vietnamese National Assembly Chairman Tran Thanh Man met with Vice Chairman of the Standing Committee of the National People’s Congress of China Losang Jamcan.
TOWARD MODERN URBAN AGRICULTURE
The city's agriculture has recovered and transformed into an urban agricultural model, with an emphasis on digital transformation and high-tech application in production. In 2024, the value of agricultural, forestry and fishery production exceeded VND19,900 billion, 0.2% higher than a year earlier. In particular, agricultural exports have grown despite difficulties, with 13 million heads of ornamental fish and nearly 6,000 crocodile skins and products
