The Mekong – Republic of Korea (RoK) cooperation is of importance to boosting regional economic integration, innovation, and economic competitiveness of the two sides, Vietnamese Deputy Minister of Foreign Affairs Le Hoai Trung said at the 8th Mekong – RoK Business Forum on December 4.
Although Vietnamese enterprises continue to do well amidst the COVID-19 pandemic, the Government should devise more drastic measures to remove bottlenecks for them to develop further, according to experts.
Foreign direct investment in supporting industries is expected to spike in the coming months as more and more foreign companies establish production facilities in Vietnam and seek to develop supply chains here, experts said.
The COVID-19 pandemic has speeded up the banking sector’s awareness of digitisation by three to five years and forced lenders to accelerate the process to survive and grow.
Vietnam has set an annual growth target of 15-20 percent for the logistics sector, making up 8-10 percent of the country’s gross domestic product (GDP). Besides, logistics costs are also expected to reduce, equivalent to 16-20 percent of the GDP.
Vietnamese Ambassador to Japan Vu Hong Nam has affirmed that his embassy will work to offer repatriation chances for people with high risks of COVID-19 infection as well as those living in difficult circumstances.
Support industries for machinery manufacturing, electronics, and deep processing are forecast to attract greater foreign investment in the years to come, according to insiders.
Forty businesses have received money from the Government’s non-interest loan package of 62 trillion VND (2.7 billion USD) to pay salaries to nearly 1,200 employees who have stopped working due to the serious impacts caused by the COVID-19 pandemic.
The 37th ASEAN Summit and Related Meetings took place virtually from November 12-15. ASEAN leaders agreed to issue the Chairman's Statement of the 37th ASEAN Summit at the end of the event.
The southern province of Binh Duong has carried out a lot of mechanisms and policies to help enterprises operating in the supporting industries solve difficulties and grow further.
Despite huge needs for capital loans, many businesses have not been able to access bank capital since most of their production premises, machines and equipment are rented.
The signing of the Regional Comprehensive Economic Partnership (RCEP) Agreement is ASEAN’s most outstanding achievement this year, Permanent Representative of Indonesia to ASEAN Ambassador Ade Padmo Sarwono said in an interview granted to the Vietnam News Agency (VNA)’s correspondent in Jakarta on November 18.
The Vietnamese Embassy in Switzerland has worked hard to perform the Chairmanship of the ASEAN Committee in Bern (ACB), according to Ambassador Le Linh Lan.
The Federation of Malaysian Manufacturers (FMM) is confident that the Regional Comprehensive Economic Partnership (RCEP) Agreement will considerably contribute to promoting market access for Malaysian companies, enabling new value chains, increasing economic activities, and strengthening supply chain links across the Asia-Pacific region.
Vietnamese Deputy Prime Minister and Foreign Minister Pham Binh Minh attended the 31st Asia-Pacific Economic Cooperation (APEC) Ministerial Meeting held via videoconference on November 16 evening under the chair of Malaysian Minister of International Trade and Industry Mohamed Azmin Ali.
Indonesian President Joko Widodo has voiced his belief that the acceleration of digital transformation of micro-, small- and medium-sized enterprises (MSMEs) will encourage the revival of the regional economy.
Vietnamese Prime Minister Nguyen Xuan Phuc, as the ASEAN Plus Three Chair, proposed the business community continue standing shoulder-to-shoulder with the governments in the fight against the COVID-19 pandemic and in economic recovery in East Asia at the ASEAN Plus Three Leaders’ Interface with Representatives from East Asia Business Council on November 14.
Vietnamese Prime Minister Nguyen Xuan Phuc has called for joint efforts from business communities in ASEAN member nations to build a resilient ASEAN with a spirit of cohesion and responsiveness towards effectively controlling the COVID-19 pandemic and promoting post-pandemic economic recovery.
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