Make strides at

Hanoi (VNA) – The 13th National Congress of the Communist Party of Vietnam, taking place from January 25 to February 2, has been highlighted by international media. The Associated Press (AP) on January 25 ran an article, saying that almost 1,600 delegates are attending the congress this week to approve future policy and help select the nation’s top leaders. Hanoi’s streets are lined with the Party’s hammer and sickle flags, national flags and posters to promote the congress, which is held every five years. Some 4,900 people involved with the event must each take two tests for the coronavirus SARS-CoV-2. The article cited Murray Hiebert, a senior associate of the Southeast Asia Program at the Centre for Strategic and International Studies in Washington, as saying that Vietnam has grown an average of 6 percent over the past five years and nearly 3 percent in 2020, when most of its neighbors slumped into recession due to the pandemic. Japan’s Nikkei Asia … [Read more...] about 13th National Party Congress makes foreign headlines

According to Mr. Nguyen Quoc Toan, Director of the Agro Processing and Market Development Authority under the Ministry of Agriculture and Rural Development (MARD), every year, the EU imports agricultural products with a total value of about US$160 billion. Vietnam has many dominant commodities, but some products have not made the most of the advantages from the EVFTA to export to the EU. For instance, Vietnam is the world’s largest cashew nut exporter, but it has not yet benefited from exporting processed cashew to the EU market. Despite the advantage of a quota of 20,000 tons, the cane sugar industry has not had any optimistic signals yet. Honey exports to the US are the highest, followed by China and Japan, but honey exports to the EU remain modest. With the addition of the EU market, it will diversify markets and prevent breakages of the supply chain. Moreover, exporters will not be on the back foot, looking for new markets. Under the EVFTA, deeply-processed products from … [Read more...] about Enterprises yet to make use of EVFTA when exporting agricultural products to EU

After Vietnam and Japan established diplomatic ties on September 21, 1973, the bilateral relationship has experienced rapid developments over the past years. The Vietnam-Japan relationship is now at its best since the establishment of the diplomatic ties, with high mutual trust. The two sides have maintained important cooperation mechanisms such as the Vietnam-Japan Cooperation Committee co-chaired by foreign ministers of the two countries, the strategic partnership dialogue on external affairs, national defence and security at deputy foreign ministerial level, the defence policy dialogue at the deputy ministerial level, the deputy ministerial-level security dialogue, the joint committee on trade, energy and industry, the agricultural dialogue at the ministerial level, and the maritime policy dialogue at the ministerial level. Japan is Vietnam’s leading important economic partner, the largest official development assistance (ODA) provider, second biggest investor, third … [Read more...] about Japanese PM Yoshihide Suga begins official visit to Vietnam

According to the Ministry of Planning and Investment, since the fund was put into operation more than three years ago, it has helped SMEs enhance their operational effectiveness, increase profits, and create more jobs. Many firms have paid off loans early. … [Read more...] about Gov’t urged to develop legal framework for direct lending for SME development

“The economy emerged from the worst of the Covid-19 downturn in the third quarter of 2020, and we think the recovery will remain intact. Vietnam has been one of the best-performing economies globally for the past decade and we expect this to continue,” said Tim Leelahaphan, economist for Thailand and Vietnam at Standard Chartered. … [Read more...] about Standard Chartered forecasts Vietnam’s 2021 GDP growth at 7.8%