Thirdly, Viet Nam should not compete with other countries to court more foreign capital by only offering investment incentives, as this can distort resource allocation and will not have a meaningful impact in the long run. The country will be more attractive to foreign investors if it can correct its weaknesses and shortcomings, such as improving the capacity of capital absorbency, perfecting logistics infrastructure, upgrading workers’ skills and ability, and reforming institutions. … [Read more...] about Can Vietnam could take advantage of new foreign investment strategies?
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Streamlining regulations applicable to business sectors has a huge potential for triggering these dynamic gains. In many internal studies in the EU, it turned out that the right regulations, based on international standards and practices, will provide benefits to business, and attract international businesses that bring much higher benefits than the obvious gains from the tariff reductions. It is not about deregulating important government policies, but there are many ways to make regulations smarter. Better regulation inside Vietnam will also improve the competiveness of Vietnamese firms operating abroad and expanding to the EU. FDI often follows strong trade relations. In return, more FDI is likely to further increase the trade potential between partners. In its amazing progress to a middle-income country, Vietnam now realises that without further FDI its potential to become a regional hub and become part of global value chains may be limited. With the EVFTA and the EVIPA, … [Read more...] about How the EVFTA and EVIPA will help Vietnam lure investment
Patients numbered 813 to 831 are Da Nang residents, aged 7-85. Among them, eight had direct contact with people who had earlier been confirmed to be Covid-19 patients, three had been patients at the Da Nang Hospital, three being those taking care of patients at the hospital, and one a medic. … [Read more...] about Vietnam confirms 29 new Covid-19 cases
Patients numbered 813 to 831, aged 7 to 85, are Da Nang residents. Among them, eight had direct contact with people later confirmed as Covid-19 patients, three were patients at the Da Nang Hospital, three were those taking care of patients at the same hospital, and one a medic. … [Read more...] about Vietnam records 29 new Covid-19 cases
With the cohesive and responsive spirit, as the ASEAN Chair 2020, Vietnam gives the highest priority to promoting solidarity and unity and effective coordination among member countries, as well as strengthening relations with partners to enhance the capacity to deal with unprecedented challenges: the COVID-19 pandemic and fierce competition in the regional and global geopolitical environment, in which the respect for law, including 1982 United Nations Convention on the Law of the Sea (UNCLOS) must be heightened. … [Read more...] about Vietnam aspires to ASEAN unity, effective coordination