Vietnam has emerged as one of the fastest growing economies and the shining stars of ASEAN, and dual diplomatic responsibility in 2020 offers rare opportunity for Vietnam, according to an Eurasia Review analysis.
Vietnam, under the leadership of the Communist Party of Vietnam, has gained remarkable economic growth and international integration achievements, said a French politician.
The Singapore-based Chinese-language newspaper Lianhe Zaobao newspaper (United Morning Paper) ran an article on November 26 on Vietnam’s foreign direct investment (FDI) attraction, affirming that it is one of the most open economies with the fastest economic growing pace in Asia.
Within ASEAN, Vietnam has helped advance several priorities, including closing development gaps among Southeast Asian states, developing new institutions, and engaging other powers.
After 13 years of joining the World Trade Organisation (WTO), Vietnam has become a part of the global economy with total export and import turnover of nearly 480 billion USD, nearly double its GDP.
Vietnamese manufacturers need “integrated marketing solutions” comprising both online and offline platforms to gain access to buyers in both traditional and emerging markets, experts have said.
“For a place with so much history – decades of wartime and occupation have left their scars – Ho Chi Minh City feels surprisingly new” said the the New York Times Style Magazine.
“For a place with so much history – decades of wartime and occupation have left their scars – Ho Chi Minh City feels surprisingly new,” the New York Times Style Magazine starts in a recently-published story about the “vibrant, stylish, youthful” city.
Indian Ambassador to Vietnam Pranay Verma has granted an interview to the Vietnam News Agency on the occasion of the 150th birthday anniversary of Mahatma Gandhi.
An official of the Italian foreign ministry said at a recent celebration of Vietnam’s 74th National Day (September 2) that in a rules-based international order, the two countries can cooperate within the framework of the United Nations so as to promote the effectiveness of multilateralism.
The merger and acquisition (M&A) scene in Vietnam has become increasingly active with more domestic firms setting up ties with global partners so their brands can reach global customers and develop domestically.
Singapore-based ride-hailing firm Grab is set to invest “several hundred million dollars” in Vietnam where the company sees its next major growth market, just weeks after it unveiled a 2 billion USD plan in Indonesia.
Vietnamese start-ups that wish to go global must have a “global mindset” and “decision-making power” and be willing to “take risks” to capitalise on the opportunities for success in the digital economy, experts have said.
The central bank of the Philippines (BSP) on August 8 cut its benchmark interest rate and kept the door open for further easing to buttress the flagging economy.
Vietnam has become a favoured destination for merger and acquisition (M&A) deals for foreign investors, particularly those from the Republic of Korea (RoK), China’s Hong Kong, Singapore and Japan as the Asian multinationals see the benefits of having presence in one of the region’s fastest-growing economies.
Many solar power plants have become operational in the southern region in the first half of 2019, showing part of the solar power development wave to meet the economic growth demand in Vietnam.
The EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Promotion Agreement (EVIPA) will help promote the comprehensive partnership and trade relations between Vietnam and the EU, as heard a seminar held in Brussels on June 24.
Politics
