Vietnam has highlighted India’s economic achievements despite global instabilities, trade tension and the COVID-19 pandemic at the WTO’s 7th review of India’s trade policies and practices.
The UK-Vietnam Free Trade Agreement (UKVFTA), which will come into force at 23:00 on December 31, 2020, will open the door wider for bilateral economic and trade ties and help form a solid foundation for their strategic partnership to reach a new height.
Vietnam is expected to mount a “strong recovery in 2021”, with growth projected to strengthen to 6.5 percent as domestic and foreign economic activity stablished, the UK-based news outlet proactiveinvestors.co.uk (Proactive) has cited a report from the International Monetary Fund (IMF).
The Association of Southeast Asian Nations (ASEAN) and the European Union (EU) agreed to elevate their relationship to “Strategic Partnership” during the 23rd ASEAN-EU Ministerial Meeting (AEMM) held on December 1 via videoconference.
A delegation of the Vietnamese Embassy in South Africa, led by Ambassador Hoang Van Loi, paid a working visit to Eastern Cape and Western Cape provinces from November 22-29 to seek opportunities for further strengthening investment, trade and tourism cooperation between the two countries.
Minister of Industry and Trade Tran Tuan Anh proposed ASEAN and the EU beef up economic and trade cooperation at both bilateral and regional levels, with a focus on urgent issues such as supply chains and non-tariff barriers, while addressing the eighth ASEAN-EU Business Summit held online on November 19.
Vietnam did a good job as the ASEAN Chair this year, and the more than 80 documents adopted at the 37th ASEAN Summit and related summits last week is a proof that the country has turned a crisis into an opportunity for success, the Republic of Korea (RoK)’s Ambassador to the bloc Lim Sung-nam has said.
Japanese business leaders welcomed the signing of the Regional Comprehensive Economic Partnership (RCEP) agreement signed by Japan and 14 other partners on November 15, expecting a boost in trade and investment in the region and strengthening of supply chains.
As the rotating Chair of ASEAN, Vietnam has played an important role in organising, coordinating and leading activities of the bloc, said a Chinese expert.
New Zealand Prime Minister Jacinda Ardern on November 14 reaffirmed the important role of and commitment to strengthening her country’s partnership with ASEAN.
Prime Minister Nguyen Xuan Phuc on November 14 called on New Zealand to open its door wider for goods and agricultural products of ASEAN countries as the sides have substantial potential for cooperation.
India and ASEAN countries said they will explore ways to increase trade despite India’s exit from the Regional Comprehensive Economic Partnership (RCEP) agreement.
China-ASEAN relations set an example for the global response to the COVID-19 pandemic, boosted regional economic recovery, promoted regional peace and stability, and strengthened people-to-people ties, said Chinese Ambassador to ASEAN Deng Xijun.
ASEAN Korea Center (AKC) Secretary General Lee Hyuk has appreciated the role of Vietnam in ASEAN and as ASEAN Chair this year as well as the prospects of ASEAN-ROK ties in the future in an interview given to the Vietnam News Agency on the threshold of the 37th Summit and related summits scheduled for November 12-15.
Japan and Myanmar on November 8 signed low-interest loans worth a total of 42.78 billion JPY (414 million USD) to help the Southeast Asian country build road infrastructure and finance small- and medium-sized enterprises (SMEs).
Trade between the Association of Southeast Asian Nations (ASEAN) and China in the first three quarters of the year reached 481.8 billion USD, accounting for one seventh of China's foreign trade, said Chinese Ambassador to ASEAN Deng Xijun.
Remittances flows into Ho Chi Minh City reached 4 billion USD in the first nine months of 2020 despite impacts of COVID-19 pandemic, representing a rise of 2 percent over the same period last year, according to a municipal official.
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