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
Delegation of the european union to vietnam
Rising expenditure follows Vietnam’s growing market of internet users. The country ranked 14th in the world in its number of smartphone users at 43.7 million last year, a rate of 44.9 percent. … [Read more...] about Retail, e-commerce biggest marketers in Vietnam
BANGKOK -- Thailand’s largest retailer, Central Retail Corporation Pcl (CRC), plans to expand domestic online sales as well as its business in Vietnam, as the coronavirus outbreak slows economic growth at home, its top executive said on Thursday. … [Read more...] about Thailand’s Central Retail eyes growth in Vietnam after trouble at home
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