With its outstanding achievements over the past three decades, Vietnam is a development success story and continues to perform well even in the pandemic on a range of indicators, including trade, growth and human capital, Victoria Kwakwa, Vice President for East Asia and the Pacific at the World Bank, has said.
The Americas remained some of Vietnam’s largest trade partners despite the adverse effect on commerce caused by the COVID-19 pandemic, heard participants at a conference organised by the Ministry of Industry and Trade (MoIT), aimed at connecting Vietnamese firms with trade partners in American countries in Hanoi on September 25.
The Association of Southeast Asian Nations (ASEAN) has maintained its position as China’s leading trade partner with two-way trade hitting 416.6 billion USD in the January-August period, according to the General Administration of Customs of China.
The following is the speech by Deputy Prime Minister and Foreign Minister Pham Binh Minh at the opening session of the 53rd ASEAN Foreign Ministers’ Meeting on September 9.
Laos-Vietnam trade growth in 2020 is unlikely to meet the target of 10-15 percent due to COVID-19, according to an article published by the Vientiane Times on September 4.
The Vietnamese Embassy in Thailand on August 28 officially launched the “Window to Vietnam” project - a display area and information counter supporting Vietnam’s commercial, tourism, and investment promotion in the country.
Standard Chartered Bank expects Vietnam’s growth to slow to a multi-year low of 3 percent this year on soft external demand, with external headwinds set to offset domestic outperformance.
Vietnamese exporters have been advised to make preparations so as to stay ready for orders from Europe when the EU-Vietnam Free Trade Agreement (EVFTA) takes effect and the COVID-19 pandemic is stamped out.
Vietnam and the US still hold huge potential for cooperation in farm produce trade, and the two countries should not compete in trade but supplement each other, Deputy Minister of Agriculture and Rural Development Le Quoc Doanh has said.
Media reports in the Czech Republic have highlighted the importance of the EU-Vietnam Free Trade Agreement (EVFTA) for the country and the EU in general after the agreement was approved by the European Parliament (EP) on February 12.
Deputy Prime Minister Vuong Dinh Hue has asked for the continuation of trade with China amid tightened control of activities at border gates and border crossings to fight the acute respiratory disease caused by the 2019 novel coronavirus (2019-nCoV).
Trade costs in Vietnam are higher than the regional average, and the competitiveness is limited due to a lack of policy orientations to promote the connection of the domestic market.
Deputy Prime Minister and Foreign Minister Pham Binh Minh raised some proposals to help the Asia-Europe Meeting (ASEM) enhance its role in fostering multilateral cooperation, while addressing the 14th ASEM Foreign Ministers’ Meeting in Madrid on December 16.
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.
Ambassadors from Middle East and African countries expressed their belief that the economic and trade cooperation with Vietnam will thrive in the coming time while answering questions of the Vietnam News Agency’s reporters on the sidelines of a meeting in Hanoi on September 9-10.
Chinese Ambassador to ASEAN Huang Xilian stated that ASEAN-China relations have entered a new phase of all-around development at the ASEAN – China High-Level Media Forum held in Jakarta, Indonesia on July 24.
Opportunities for Australian firms to invest in Vietnam have never been better than now when the Southeast Asian economy is growing rapidly, said participants at a Vietnam-Australia business dialogue held in Sydney on July 22.
Politics
XIII National Congress of Communist Party of Vietnam
