During a workshop on the Vietnamese workforce in Hà Nội yesterday in preparation for the EVFTA which is expected to come into effect next year after being ratified by both sides, the VCCI’s World Trade Organisation Centre Director Nguyễn Thu Trang said that she feared Vietnamese firms were being too optimistic in perceiving changes the EVFTA would bring to their workforce. … [Read more...] about Firms ’overly-optimistic’ on EVFTA
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The event provided a platform for enterprises to display a wide range of products, services, technology, machinery, and equipment in a number of fields. These include traditional medicine; functional foods, health care, and beauty; medicine and pharmaceuticals; Medical equipment; normal and medical masks, medical protective gear; hand sanitiser, hygienic cosmetics, and other healthcare products. … [Read more...] about Vietnamese products on show at first online healthcare expo in India
Even a strong rebound in intra-ASEAN arrivals will not be able to prevent international tourism arrivals from sliding 50% to 70% for the full year. This represents a significant impact on a sector that has already seen the closure of thousands of operators with a worrying impact on jobs. However, aside from promotional activity, there is little that Vietnam can do until more international travel reopens. While some countries can promote domestic tourism to replace some lost earnings, with per capita GDP just three times the US$900 that a typical foreign tourist spends per trip, it will be challenging to bridge this gap if Vietnam just relies on the current local spending power. … [Read more...] about Emerging from the pandemic, Vietnam must position itself for recovery
The Government began preparing in early January in response to the first two Covid-19 deaths in Wuhan. The first two Vietnamese cases were admitted to Cho Ray on January 23. At that time, the country was closed for Tet, Vietnam’s most popular holiday. When the holiday ended a week later, the nation’s schools were kept closed to avoid further virus transmission. … [Read more...] about How did Vietnam dodge Covid-19?
Evidence of the strong will is the success of the growth in trade, an increase of more than 100 times in 2018 compared to 1995. From 2002 to 2011, a growth rate of 1,200 per cent was achieved, where the total investment of $1.5 billion was recorded in 2011, Vietnam reached more than $20 billion in bilateral trade. The figure stood at $75 billion last year, and $30.7 billion in the first five months of this year. As of May 20, the US had 1,032 valid investment projects in Vietnam, registered at $9.34 billion. … [Read more...] about American groups make progress across Vietnam