According to the Ministry of Planning and Investment, the EVFTA would help Vietnam’s export value to the EU rise by about 42.7 per cent in 2025, and increasing to 44.37 per cent by 2030. Simultaneously, the import value from the EU to Vietnam will also pick up speed, growing by about 33.06 per cent in 2025 and 36.7 per cent by 2030. On a macro level, the EVFTA would contribute to an average 2.18-3.25 per cent in Vietnam’s GDP growth during 2019-2023, increasing to 4.57-5.30 per cent during 2024-2028, and 7.07-7.72 per cent high during 2029-2033. … [Read more...] about Scrutinising the implications of new deals on Vietnam’s economy
Agence de voyage au vietnam
Vietnam export growth brings risk of charge of currency manipulation Increasing exports to the US, Vietnam is a step closer to the risk of alleged monetary manipulation as US President Trump tries to reach a trade agreement with China at a negotiation round this October. … [Read more...] about What if the US no longer considers Vietnam a ‘developing country’?
Hanoi (VNA) – The 2020 Formula 1 race in Vietnam could be delayed after the event in China was postponed due to the acute respiratory disease caused by SARS-CoV-2 (COVID-19). The opening three races of the F1 season in Australia, Bahrain and Vietnam are under increasing threat of cancellation. The Australian Grand Prix is the first race of the season and is scheduled to take place from March 13-15. It will be followed a week later by the next stop in Bahrain from March 20-22, with the Vietnam race set to take place in Hanoi from April 3-5. Chairman of the Hanoi People’s Committee Nguyen Duc Chung recently remarked that the city is doing its utmost to prepare for the race. However, if the COVID-19 situation remains complicated, the race could be postponed, he said./. … [Read more...] about F1 Grand Prix Vietnam faces delay over COVID-19 concerns
New York (VNA) – Ambassador Dang Dinh Quy, head of Vietnam’s Permanent Mission to the United Nations, has called on all parties to find a long-term solution to the situation in Syria on the basis of international law and UN Security Council (UNSC) resolutions. Speaking at a UNSC meeting on the humanitarian issue in Syria on February 27, Ambassador Quy expressed concern over civilian losses in northwestern Syria as well as the humanitarian situation in other parts of the country. He also emphasised that all parties must comply with their obligations under international humanitarian law, including ensuring that civilians are protected and that aid is delivered on a priority basis. At the meeting, both Ursula Mueller, Assistant Secretary-General for Humanitarian Affairs, and Henrietta Fore, Executive Director of UNICEF, also shared their concerns about the humanitarian crisis in northwestern Syria, especially since early December 2019, when the government increased raids on … [Read more...] about Vietnam calls for solution to humanitarian crisis in Syria
Leaders of the Ministry of Industry and Trade said state management authorities, especially the Industry Agency, need to strengthen cooperation with industry associations and help enterprises digitalize, renovate technology and procure modern equipment in order to improve productivity and the quality and competitiveness of domestic industrial products. For the textile and garment and leather and footwear industries, for example, the role of localities in creating favorable conditions for enterprises to develop knitting and dyeing must be clarified. Their role is not only to open bottlenecks in domestic textile, garment, leather and footwear industries but also to help Vietnam make the most of origin-related preferences offered by such new generation free trade agreements as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA). … [Read more...] about Vietnam’s industrial development, exports dogged by low added value