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The Hanoitimes - The two countries keen on trade and energy cooperation. Vietnam and the United Kingdom will tighten co-operation to implement the UK-Vietnam Free Trade Agreement (UKVFTA) effectively, promoting the import and export of goods and increasing bilateral trade value between the two countries. A tra (catfish) processing line. Tra products are entitled to a zero % tax rate when exported to the UK. The co-operation plan was a key content discussed by Deputy Minister of Industry and Trade Dang Hoang An and British Ambassador to Vietnam Gareth Ward at a meeting held recently in Hanoi. At the meeting, the two leaders agreed that the UKVKTA, which took place on December 31, 2020 and being temporarily applied from January 1, 2021, will be a new driving force to take off the good relations on trade and investment in Vietnam and the UK. Despite extremely negative impacts from the Covid-19 pandemic in 2020, the trade exchange between the two sides still reached US$5.6 billion, in which Vietnam gained export value of $4.95 billion and import value of $687 million from and to the UK. The UK continues to be the third largest export market of Vietnam in the European region. From the first days of January 2021, the Vietnam’s shipment of 60 tons of fragrant rice exported to the UK has enjoyed tariff preferences under the agreement, opening up new opportunities for the two countries’ business community. The two sides agreed to give priority to the organization of the 12th Joint Economics and Trade Committee in the UK (JETCO 12) meeting this year when the Covid-19 pandemic is under control. Before the meeting, the two sides will hold online meetings, seminars and dialogues to discuss solutions to removing problems in every specific fields. Mr. Gareth Ward said the UK wanted to coordinate with the Ministry of Industry and Trade to organize online dialogues in the field of energy development, including a dialogue on renewable energy …

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Foreign visitors walk in Điện Biên Phủ Street, Hà Nội. Việt Nam was the only country among 10 member states of the ASEAN to see improvement in Brand Finance’s Global Soft Power Index Report 2021. — VNA/VNS Photo Lâm Khánh HÀ NỘI – Việt Nam has climbed three spots to rank 47th out of 105 countries in Brand Finance’s Global Soft Power Index Report 2021. Việt Nam was the only country among the 10 member states of the Association of Southeast Asian Nations (ASEAN) to improve its ranking this year. Its overall score was 33.8 out of 100 points, 2.5 points higher than last year, putting it ahead of the Philippines (53rd), Cambodia (89th) and Myanmar (90th). Among other ASEAN countries, Singapore was 20th, Thailand 33rd, Malaysia 39th, and Indonesia 45th. According to Brand Finance, the improvement was largely due to the fact that Việt Nam has managed the COVID-19 pandemic extremely well. “Việt Nam was spared a year of lockdowns and besieged hospitals, and has one of the lowest COVID-19 infection and death rates in the world,” the report said. “Not only is the response to the pandemic impressive – given its shared border with China – but Việt Nam also experienced one of the highest economic growth rates globally in 2020 – one of a handful of countries with positive growth in 2020.” Prime Minister Nguyễn Xuân Phúc has approved the Việt Nam National Brand Programme from 2020 to 2030, which aims to increase the value and ranking of the national brand while targeting more than 1,000 products to become strong national brands. The brands from the country are managed through efforts and initiatives undertaken by the Ministry of Industry and Trade (MoIT)’s Department of Trade Promotion (Vietrade), under their 'Việt Nam Value' programme. At a national level, Việt Nam has established diplomatic relations with 187 out of 193 member states of the United Nations and completed the process of negotiating and signing new-generation free trade agreements, including the …

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Võ Trí Thành *Võ Trí Thành Việt Nam has outlined its next-decade of socio-development strategy, setting its sights on becoming a developed and upper-middle-income country with modern industry by 2030. However, as success in the past cannot guarantee future triumphs, what are the keys to Việt Nam’s success in the next period? We have talked about Việt Nam’s aspirations to become the next Asian economic dragon and the country has made great strides towards its goals. Amid a volatile world and unprecedented challenges arising from the pandemic, Việt Nam’s success in response to COVID-19 has been praised by international media. To ensure long-term growth, the country is also seeking solutions to key issues such as structural reforms, sustainable and inclusive development and innovation. After many phases of reforms, Việt Nam has basically achieved its goals such as ensuring macroeconomic stabilisation, expanding more opportunities for all economic subjects to develop through institutional reforms, building a socialist market-oriented economy and promoting international integration. Along with that, national capacity has been significantly improved which has been seen in strengthened institutional capacity, reflected in the more efficient State apparatus, enhanced capacity of enterprises through their greater competitiveness and sustainable development strategy and lastly the better-quality human resources. Despite the fast-changing world, lessons and experiences from past reforms have significant value for further success which can be seen in many Vietnamese success stories. When talking about the building of a socialist market-oriented economy, from a centrally planned economy in the early 1980s with little knowledge about the market economy, this has become the red thread throughout the country’s reform process. Việt Nam has learnt and built regulations and good practices for the market through working experience and co-operation with well-known …

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