Prime Minister Nguyen Xuan Phuc asked experts to study to seek a new driving force for development during a working session with the National Advisory Council on Financial and Monetary Policies and the economic advisory group on January 19.
Vietnam has emerged as an attractive foreign direct investment (FDI) destination in Asia, by beating China and India, a report by The Economist Intelligence Unit (EIU) has indicated.
Deputy Prime Minister and Minister of Foreign Affairs Pham Binh Minh has asked the Ministry of Foreign Affairs (MoFA) to keep a close watch on, and resolutely and persistently fight to firmly protect Vietnam’s sea and islands sovereignty and legitimate interests in the East Sea.
Prime Minister Nguyen Xuan Phuc on January 11 said the Vietnam Oil and Gas Group (PetroVietnam) needs to remain a role model in expanding markets, optimising opportunities, connecting investment, and reviving growth, among other matters.
Vietnam’s port sector will flourish this year as trade in goods is expected to thrive on the back of recovery in production, domestic consumption, and export markets, according to industry analysts.
Though COVID-19 has sent the global economy into one of its worst recessions ever, Vietnam posted GDP growth of 2.91 percent in 2020 thanks to its solid control of outbreaks and timely support to both enterprises and local people.
International economic integration was a bright spot in Vietnam’s external affairs activities in 2020, Deputy Minister of Foreign Affairs Bui Thanh Son has said.
The planning and investment sector has sketched out 13 major tasks for 2021, focusing on introducing measures to support the implementation of socio-economic targets in the 2021-2025 period, economic restructuring, and renovation of the growth model.
Vietnam posted the fastest growth in Asia in 2020 and will once again be among the most outstanding performers in the region this year, according to the Hong Kong Shanghai Banking Corporation (HSBC).
Vietnam earned over 3 billion USD from exporting rice in 2020, according to the Vietnam Food Association (VFA), a year-on-year increase of more than 10 percent.
Vietnam posted the fastest growth in Asia in 2020 and will once again be among the most outstanding performers in the region this year, according to the Hong Kong Shanghai Banking Corporation (HSBC).
Minister and Chairman of the Government Office Mai Tien Dung answered questions about the roadmap for reopening the economy following the COVID-19 pandemic and about national digital transformation during a Government press briefing in Hanoi on January 4.
The Mekong Delta province of Tien Giang has set a target of earning 3.25 billion USD from exports in 2021, a year-on-year increase of 8.3 percent, according to Acting Director of the provincial Department of Industry and Trade Dang Van Tuan.
The recently-signed Regional Comprehensive Economic Partnership (RCEP) presents both opportunities and challenges to Vietnamese businesses, making prompt action crucial to address existing weaknesses and capitalise on deal-generated advantages.
The COVID-19 pandemic has had a heavy impact on every aspect of life in 2020, and the global economy had been especially hard hit. The Vietnam News Agency has selected the ten most significant global economic issues during the year.
The COVID-19 pandemic has cast a long shadow and created uncertainty over the global economy. The signing of the Regional Comprehensive Economic Partnership (RCEP), however, offers a beacon of hope, as it marks a victory for multilateralism and free trade regionally and globally.
The US Treasury Department’s labelling of Vietnam as a currency manipulator is groundless and certainly significantly affects the psychology of the Vietnamese business community, especially those operating in the import and export field, according to Hoang Quang Phong, Vice President of the Vietnam Chamber of Commerce and Industry (VCCI).
The chemical industry in Vietnam has been facing a number of environmental and social challenges, which require new pathways in development, production, and consumption to ensure sustainable development.
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