The European-Viet Nam Free Trade Agreement (EVFTA) is also expected to be approved by the 14th National Assembly in its ongoing ninth meeting. Under the agreement, tax imposed on exports from Viet Nam to EU will be eliminated as soon as EVFTA takes effect or shortly thereafter (maximum seven years). Thanks to the EVFTA, Viet Nam’s revenue from exports to the EU is forecast to surge by 44 per cent by 2030. … [Read more...] about Can Vietnam could take advantage of new foreign investment strategies?
Chinas economic growth history
If you take a closer look into the complementarities of our two economies, greater interdependence is really a win-win situation. These positive effects will of course only materialise if the promises and obligations of the agreements are swiftly put into practice. The benefits of the agreements will depend on the level of transparency and predictability of government behaviour in contact with business. Businesspeople and investors can be shy and have options to move elsewhere. Attracting and retaining more European FDI will require reforms and streamlining of rules and procedures. Digitalisation and access from outside of Vietnam to start and accomplish these procedures could help attract more small- and medium-sized global players. VIR … [Read more...] about How the EVFTA and EVIPA will help Vietnam lure investment
Hanoi (VNS/VNA) - The Ministry of Construction has announced a national action plan on green growth in 2020-2030 focusing on reducing greenhouse gas (GHG) emissions and implementing the Paris Agreement. According to Deputy Minister Nguyen Tuong Van, the goal of the plan is to reduce greenhouse gas emissions in construction materials production and develop construction works, urban areas and technical infrastructure for new urban areas that suit the Government's commitment for achieving green growth. The plan also aims to complete institutions and policies to support and encourage businesses to improve technology, enhance production management and construction capacity to reduce emissions and improve the management capacity of the Ministry of Construction on reducing GHG emissions. To accomplish the targets, the ministry has set out four main tasks, including mitigating GHG emissions, adapting to climate change, preparing resources and establishing a transparent and public system of … [Read more...] about Construction industry issues action plan on emissions
Bangkok (VNA) - Thai chicken exports rose less than expected in the first half of this year due to COVID-19, according to the Thai Broiler Processing Exporters Association (TBPEA). Thailand exported 470,000 tonnes of chicken in the first six months of 2020, representing a year-on-year rise of 2 percent, with export value of 54 billion baht (about 1.73 billion USD), up 1 billion baht. The local media recently cited TBPEA manager Kukrit Arepagorn as saying the pandemic has caused Thailand’s two main markets, the European Union (EU) and Japan, to cut chicken imports. Chicken exports to the EU dropped by 10 percent as the COVID-19 situation there is not yet resolved, he said, adding that Thailand expects to export 280,000 tonnes of chicken to the EU this year, down from 330,000 tonnes last year. Meanwhile, chicken exports to Japan only rose by 2 percent because the virus outbreak had hit tourism and forced the country to postpone the Tokyo Olympic Games, reducing demand. … [Read more...] about Thailand cuts chicken production as global demand drops
Vientiane (VNA) – The Lao Government has decided to tighten COVID-19 prevention measures in the face of transmission risks. The Lao Prime Minister’s Office on August 7 issued an urgent announcement of the enhancement of some measures against COVID-19 amid this country’s relaxation of virus containment actions. The announcement noted that facing the risk of a resurgence of COVID-19 amid the disease’s complex developments in the region and the world, the Lao Government decided to strengthen the enforcement of prevention measures. In particular, relevant agencies were asked to enhance examination of those exiting from or entering the country so as to detect any illegal entry cases, monitor entertainment venues and karaoke parlours which had been ordered to close temporarily, and deal with any violations of the government’s directives. Notably, the Foreign Ministry of Laos was assigned to coordinate with the country’s national steering committee for … [Read more...] about Laos strengthens COVID-19 prevention measures