The European Parliament Committee on International Trade (INTA) on January 21 approved a resolution asking for the European Parliament (EP)’s ratification of the European Union – Vietnam Free Trade Agreement (EVFTA) and the EU – Vietnam Investment Protection Agreement (EVIPA).
Clear mechanisms and policies play a specially important role as a launching platform for the private economic sector to make breakthroughs and greatly contribute to the national economic development.
After being relatively stable last year, the foreign exchange rate of the Vietnamese dong against the US dollar is forecast to be under greater pressure in 2020 due to both internal and external headwinds.
The Ministry of Finance will tighten regulations over corporate bond issuance because of an overheating market to protect investors and prevent risks which might arise from the abuse of this capital raising channel.
Permanent Deputy Foreign Minister Bui Thanh Son paid a visit to the European Parliament (EP) from January 13 to 16 to discuss the ratification process of the EU-Vietnam Free Trade Agreement (EVFTA) and Investment Protection Agreement (EVIPA).
The Ministry of Finance and the World Bank co-held a seminar in Hanoi on January 15 to discuss the public-private partnership (PPP), international practices and the related bill.
Japan’s second largest advertising company Hakuhodo Digital is expanding its presence in Vietnam with the launch of a full-service digital marketing agency, Hakuhodo Digital Vietnam, headquartered in Ho Chi Minh City.
Vietnam suffers around 10.8 – 13.2 billion USD worth of economic losses associated with ambient air pollution each year, equivalent to 4.45 – 5.64 percent of the country’s GDP, heard a discussion in Hanoi on January 14.
The State Bank of Vietnam (SBV) said it will continue coordinating with concerned Vietnamese ministries and agencies to communicate with the US regarding the US Department of Treasury’s latest report on macroeconomic and foreign exchange policies of major trading partners of the US.
The National Assembly has set its GDP growth target for 2020 at 6.8% after carefully considering global movements and the domestic situation. However, according to experts, the target is challenging.
Vietnamese communities in many countries are celebrating the traditional New Year (Tet) on lunar calendar, which falls on January 25 this year, with various activities.
The Indonesian government plans to release dual-currency bonds with a total amount of 3.1 billion USD for deficit financing this year, said the Ministry of Finance.
The Vietnamese Government has issued a decree on Vietnam’s special preferential import tariffs for the implementation of the ASEAN-Hong Kong (China) Free Trade Agreement (AHKFTA) in the 2019-2020.
The Ministry of Finance aims for State budget revenue in 2020 to be 3 percent higher than the estimate set by the National Assembly, said Minister Dinh Tien Dung on January 10.
The Southern Key Economic Zone needs specially tailored policies to attract large amounts of foreign direct investment and improve linkages between localities to ensure sustainable development, experts have said.
The insurance industry aims to maintain a high growth rate of 18.42 percent this year, gaining revenue of 188.73 trillion VND (8.1 billion USD), according to the Ministry of Finance’s Insurance Supervisory Authority (ISA).
Thailand expects a windfall from the Indian tourist market if travellers stay away from the Middle East and turn eastward instead. Executive Director of the ASEAN, South Asia, and South Pacific Markets under the Tourism Authority of Thailand (TAT) said the ongoing Iran-US conflict could affect Indian travellers' confidence, resulting in their shunning of Dubai for Thailand to avoid the Middle East.
Vietnam needs a “revolution in its policy-making mind-set” before it can take advantage of the fourth industrial revolution, said Pham Xuan Hoe from the Banking Strategy Institute, at a forum in Hanoi on January 7.
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