In August alone, Vietnam grossed US$199.7 million from exporting wood and wooden products to the US. Last year, the country’s wood exports to the US fetched more than US$2 billion. Vietnam now ranks second in the world in exporting wood products to the US second only to China.
The 8th session of the 13th National Assembly opened in Hanoi on October 20 with a heavy agenda loaded with a large number of bills serving the institutionalisation of the 2013 Constitution. During 35 working days, the longest session this tenure so far, the legislature is expected to adopt 18 draft laws and three draft resolutions, and debate 12 other draft laws.
The Prime Minister has freshly approved a proposal on considering and applying a pre-investment licensing customs priority mechanism to labor-intensive, capital-intensive enterprises even when they remain under construction.
A congress was held in Hanoi on October 19 to launch the Vietnam Association of Women Entrepreneurs (VAWE), with Deputy Minister of Industry and Trade Ho Thi Kim Thoa elected as the organisation’s first President.