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?
France economic growth
If there is more trade from the EU to Vietnam, it is likely that the EVFTA will trigger a new wave of FDI from the EU into this country. Investments from the EU are of top quality. European FDI comes with high standards of corporate social responsibility for protecting and training workers and employees, as well as for respecting and protecting the environment. These spillover effects are essential for economies like Vietnam to avoid the middle-income trap. It allows Vietnam to promote economic growth, create better jobs at the same time while ensuring sustainable development. … [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
ASEAN’s basic principles, recognised regional standards and above all, international law, the spirit of multilaterism and regional connectivity, as well as ASEAN’s centrality should be further promoted. ASEAN’s values as a common market, a united production base, an open movement and work space, a community of mutual care, support and sharing must be widely spread for all people and businesses to enjoy and contribute to the bloc’s development. … [Read more...] about Vietnam aspires to ASEAN unity, effective coordination
With its huge value and potential, the conservation of the ginseng requires a great deal of attention from both authorities and local people. Building a geographical indication for Danh Mountain ginseng is one of the latest endeavours by local authorities to preserve the valuable medicinal herb, contributing to building a brand and improving local socio-economic development.VNA … [Read more...] about Branding Danh Mountain ginseng from Bac Giang