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According to the Ministry of Planning and Investment, the EVFTA will boost Vietnam’s export value to the EU about 20 percent in 2020, 42.7 percent in 2025 and 44.37 percent in 2030. Vietnamese businesses will enjoy certain incentives when importing high quality goods especially machinery, equipment and high technology from the EU at reasonable prices. The EVFTA is expected to increase Vietnam’s gross domestic product (GDP) by 2.18-3.25 percent in 2020-2023, 4.57-5.30 percent from 2024-2028, and 7.07-7.72 percent in 2029-2033. It is also expected to form a new Vietnam-EU value chain to attract more EU investment to Vietnam. … [Read more...] about Efficient EVFTA implementation contributes to economic recovery

Accordingly, ACMECS will promote connectivity from multi-modal transports links including infrastructure designed for sub-regional digital connectivity and energy infrastructure interconnection. Emphasis will be put on filling missing links in the sub-region, auxiliary connection lines linking industrial parks and seaports to main corridor routes and completing missing railway links to improve the sub-regional railway network.  … [Read more...] about Việt Nam ready to contribute to CLMV co-operation: Prime Minister

3.      The integration and operation of the e-government in Vietnam was successful, allowing the provision of level-4 public services and the connection of the National Public Service Portal, the National Report and Information System, the Government’s Directive and Administrative Information System. This has positively affected the performance of public services in the natural resources and environment field. … [Read more...] about Top-10 prominent events in natural resources, environment in 2020 announced

Hanoi (VNA) – Senior officials of ASEAN member countries met online on January 19 to discuss preparations for the upcoming ASEAN Foreign Ministers’ Retreat (AMMR) that is slated for January 21. Speaking at the event, the head of SOM ASEAN of Brunei said that with the ASEAN 2021’s theme of “We Care, We Prepare, We Prosper,” Brunei hopes to build on the achievements that the association gained in 2020, with focus on the people and sustainable development, building a regional architecture ruled by law, upholding multilateralism and supporting an open multilateral trade system. Participants exchanged their ideas on work that need to be done since after the 37th ASEAN Summit and related meeting, including a mid-term report on the implementation of the ASEAN Political-Security Community (APSC) Blueprint and the strengthening of inter-pillar and inter-sectoral coordination towards the building of the Post-2025 ASEAN Community Vision. They … [Read more...] about ASEAN senior officials discuss preparations for AMM Retreat

As a viable option to bridge skill gaps arising from increased investment in digital tools, 20% of companies in Singapore cited prioritising short-term contractors/temporary employment in their 2021 hiring strategy. This spiked in the back end of 2020 particularly across digital, procurement and technology, since travel and borders remain closed. This is likely to continue in 2021 as businesses in Singapore make more strategic recruitment plans and hire for the future. … [Read more...] about Employment in Singapore Recovers as 40% of Companies Increase Headcount in 2021: Survey