Business

Vietnam to benefit from RCEP market region

Vietnam will be able to access a huge market of 3.4 billion people when it joins the Regional Comprehensive Economic Partnership (RCEP).

Countries in RCEP will have a combined GDP of 21 trillion USD, accounting for 29 percent of the world's GDP, said Nguyen Anh Duong, Deputy Director of the Central Institute for Economic Management (CIEM).

Speaking during a workshop held in Hanoi on July 17 on the impact of RCEP on Vietnam's economy and the opportunities and challenges it would pose, Duong said regulations on origin in RCEP would be simpler and more liberal than in other economic pacts. In addition, the parties would make more commitments on freedom of trade in goods and services and investment.
Business

Vietnam needs more efforts for AEC integration

Vietnam should fully and effectively implement commitments to stabilizing the macro economy and improving competitiveness and institutional and corporate capacity in a bid to seize opportunities from the ASEAN Economic Community (AEC), which is scheduled to be formed in late 2015.
Vietnam ready for ASEAN economic community Business

Vietnam ready for ASEAN economic community

Vietnam is now ready for the ASEAN Economic Community (AEC), due to be formed at the end of 2015, experts said at a seminar held by the Central Institute of Economics Management (CIEM) on December 12 in Hanoi.