Vietnam has been named one of the rising stars of global trade with the sixth position among the top 20 markets with the greatest potential for future trade growth, according to a recent report by Standard Chartered.
Vietnam’s socio-economic situation has shown positive signs with the economy maintaining growth momentum in the first months of 2019, according to Nguyen Duc Kien, vice chairman of the National Assembly (NA)’s Economics Committee.
Indonesia’s House of Representative passed the 2020 state budget on September 24, focusing on five prioritised fields, to avoid an economic downturn amid a risk of recession in developed economies and a global trade war.
The Asian Development Bank (ADB) has predicted that Vietnam’s economy will maintain healthy growth in 2019 and 2020 at 6.8 percent and 6.7 percent, respectively, after growing robustly at 7.1 percent last year.
The Philippines has gained from the trade war between the US and China, according to a review of export data of the country in the first seven months of 2019 by Maybank Kim Eng analysts.
Vietnam’s Manufacturing Purchasing Managers’ Index (PMI) posted 51.4 in August, remaining above the 50.0 no-change mark, but falling from 52.6 in July to signal a weaker overall improvement in business conditions.
The Vietnamese government’s commitment to broad-based economic reforms bodes well for the country’s longer term prospects and look to have it on the path to upper middle-income status, held Khoon Goh, head of Asia Research at Australia and New Zealand Banking Group Limited (ANZ).
The Singaporean government said on August 12 that it will impose a blanket ban on the domestic sale of elephant ivory and products from 2021 as a campaign against illegal wildlife trade is being tightened.
Deputy Minister of Industry and Trade Tran Quoc Khanh led a Vietnamese delegation to attend the 8th RCEP Intersessional Ministerial Meeting which took place in Beijing, China, on August 3.
Singapore's economy expanded by its slowest rate in a decade in the second quarter of this year, raising fear of a recession and monetary policy easing in October, according to a Reuters article.
The Singapore economy is likely to end the year weaker than earlier expected in the context that the ongoing tension between the US and China has stalled three of the world’s growth engines — trade, manufacturing and investments, warned Monetary Authority of Singapore (MAS) Managing Director Ravi Menon on June 27.
Prime Minister Nguyen Xuan Phuc’s attendance at the G20 Summit in Japan on June 28 - 29 aims to affirm the Party’s foreign policy of proactively participating in multilateral mechanisms.
The development potential for trade partnership between Vietnam and the EU is bright thanks to abundant opportunities brought by the soon-to-be-signed EU-Vietnam Free Trade Agreement (EVFTA), according to a German expert.
The Republic of Korea (RoK)’s Chuncheon Bioindustry Foundation (CBF) has signed a number of cooperation agreements with Vietnamese localities and companies in the field of biotechnology.
The Ministry of Industry and Trade (MoIT) said it will take the initiative in changing trade policies and collaborate with other ministries and localities to effectively support domestic enterprises to increase exports.
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