Most notably, electricity demand is anticipated to continue to increase sharply over the course of the coming years in order to serve production activities once the country has officially joined both the the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA). Moreover, the nation is keen to be regarded as a key market that benefits from the shift in production of global firms amid escalating trade tensions between the United States and China. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES JULY 2
Friends role play
Addressing the event, Ambassador Le Thi Tuyet Mai, Permanent Representative of Vietnam to the United Nations, the World Trade Organisation (WTO), and other international organisations in Geneva, thanked GICHD President Barbara Hearings and the council members for their consensus to elect her to the council membership. … [Read more...] about Vietnam attends GICHD’s executive council meeting
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
Shippers keep a safe physical distance while waiting at a food stall in HCMC – PHOTO: THANH HOA HCMC - The recovery of a 43-year-old British pilot, Vietnam’s last Covid-19 patient in intensive care, marks a turning point in the fight against the virus. The 91st Covid-19 patient in the country has spent over 100 days at HCMC Hospital for Tropical Diseases and Cho Ray Hospital. The length of his stay reflects the determination of doctors not to allow him to become Vietnam’s first Covid-19 death. He’ll be headed home on July 12. … [Read more...] about How did Vietnam dodge Covid-19?