Vietnamplus

The National Assembly (NA) Standing Committee convened its 49th session in Hanoi on October 12 afternoon to prepare contents to be submitted to the NA’s 10th session.

Vietnam is continuing its institutional reform commitments made in the historic EU-Vietnam Free Trade Agreement (EVFTA) in an aim to boost exports of agricultural products and attract more investment from the EU trading bloc.

Enterprises operating in the Mekong Delta province of Long An received updates on the EU-Vietnam Free Trade Agreement (EVFTA) and international economic integration in general at a conference hosted by the provincial People’s Committee on October 9.

Substantial amounts of domestic and foreign capital are being poured into major logistics projects in the south of Vietnam.

An online dialogue on policies and markets held on October 6 offered Vietnamese and UK enterprises an insight into the opportunities and challenges in trade and investment ties between the two nations following the UK’s withdrawal from the EU.

The management board of industrial parks in northern Vinh Phuc province granted investment licences to 57 projects in the first nine months of this year.

Deputy Prime Minister and Foreign Minister Pham Binh Minh hosted a reception for a delegation of the Vietnam-ASEAN Association for Economic Cooperation Development in Hanoi on October 5.

More and more Italian textile firms are investing in Vietnam to take advantage of the EU-Vietnam Free Trade Agreement (EVFTA) and export to the European market, experts said.

Secretary-General of the Association of Southeast Asian Nations (ASEAN) Dato Lim Jock Hoi has written an article about the region’s COVID-19 and economic situation. The following is the full text of the article.

Asia Times on October 1 ran an article saying that the Vietnamese economy will soon recover after COVID-19 pandemic and become one of the best performers in the world.

The National Assembly Standing Committee’s supervision delegation in charge of the implementation of free trade agreements (FTAs) to which Vietnam is a member held a working session with the Government, ministries and agencies in Hanoi on September 23.

A shortage of raw materials remained an obstacle that needed to be removed if Vietnamese textiles and garment enterprises want to seize export opportunities in the European Union (EU) under the EU-Vietnam Free Trade Agreement (EVFTA), according to experts.

Vietnam’s GDP growth this year can reach 2 – 3 percent, according to former director of the General Statistics Office (GSO) Nguyen Bich Lam.

Free trade agreements (FTAs) that Vietnam has signed with its partners have been an important factor attracting foreign investments to the country.

After a local silk importer was recently found to be disguising Chinese products as Vietnamese to sell them in India, experts have warned of the risks of losing out on exports and preferential tariffs due to intellectual property (IP) violations.

Experts believe Vietnam this year will reach its export target for timber and wooden products at 12 billion USD, despite the impact of the COVID-19 pandemic.

The new Japanese government will continue the diplomatic policy for Vietnam under the Abe administration, according to Chief Senior Economist at the Japan External Trade Organisation (JETRO) Atsusuke Kawada.

Vietnam’s robust economic performance over the past three decades has been heavily dependent on exports and foreign direct investment (FDI), with foreign invested companies accounting for 67.8 percent of the country’s total export turnover in 2019, according to the Institute of Southeast Asian Studies (ISEAS) of Singapore.

Since the Democratic Republic of Vietnam was established on September 2, 1945, the country has risen from a zero-budget nation, which had to call for contributions from citizens, to a middle-income country with a dynamic economy.

Thailand’s exporters are being urged to make the best use of existing free trade agreements (FTAs) to boost shipments of medical supplies, particularly for syringes and medical needles, as the COVID-19 pandemic has driven import demand for such products.