National trades union congress

The Hanoitimes - With more Vietnamese national brands, the country would be nearer to the goal of prosperity, Prime Minister Nguyen Xuan Phuc has said. The combined revenue of 124 Vietnamese enterprises having their products recognized as national brands reached over VND1,400 trillion (US$60.6 billion) and paid VND200 trillion (US$8.66 billion) in taxes in 2019. Prime Minister Nguyen Xuan Phuc at the meeting. Photo: Quang Hieu. Additionally, these firms have created more than 470,000 jobs and raised VND137 trillion (US$6 billion) by exporting Vietnamese products to international markets. At a meeting on November 25, Minister of Industry and Trade and Chairman of the National Brand Council Tran Tuan Anh said from 1,000 enterprises, the council has selected 124 with their products qualified as Vietnamese national brands. Notably, the number of those enterprises has steadily increased over the years, from 30 in 2008 to 97 in 2018 and a record high of 124 in 2020. Of the total, only 12% are state-owned enterprises, which shows the importance of different economic components, including the private sector with names such as THACO, BRG, TH Truemilk, among others, state Prime Minister Nguyen Xuan Phuc. The Vietnam PM said 2020 proves to be a challenging year for both the government, enterprises and people. During the Covid-19 pandemic and successive natural disasters, Vietnam continues to deliver positive economic growth, estimated to be 2.5 – 3% for this year. According to Mr. Phuc, one of the key contributors to this achievement is from trading activities, as Vietnam for the first time has recorded a trade surplus of over US$20 billion. A positive economic outlook, therefore, is building trust among the business community, added Mr. Phuc. Representatives of 124 enterprises and Prime Minister Nguyen Xuan Phuc. Photo: Quang Hieu. Favorable policies, not barriers for growth In 2019, Vietnam’s brand value ranked …

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The Regional Comprehensive Economic Partnership (RCEP), which will cover a third of global trade and population, making it the world's largest FTA, will become the "foundation of trade in Asia," Japanese Trade Minister Hiroshi Kajiyama told a press conference on the matter. "To establish a desirable economic order in the region through the steady implementation of this agreement, I hope that it will be approved by parliament at an early date," Kajiyama also said. The trade deal was signed last November and will see tariffs eliminated on 91 percent of goods, with standardized rules pertaining to investment, intellectual property and e-commerce. The RCEP groups the 10 members of the Association of Southeast Asian Nations (ASEAN), Japan, China, the Republic of Korea, Australia, and New Zealand. ASEAN comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. After the agreement is ratified by six ASEAN members and three non-ASEAN signatory countries, the RCEP will come into effect. …

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The Hanoitimes - Economic achievements are absolutely crucial for Vietnam’s overall growth, its reputation and contribution to Vietnam’s soft power. Vietnam moved up three places from 50th to 47th in the Global Soft Power Index 2021, which ranks the world’s top 60 soft power nations by the London-based independent brand valuation and strategy consultancy Brand Finance. Medical worker conducts Covid-19 testing on locals. Photo: Pham Hung The report noted given its effective dealing with the Covid-19 pandemic, the country “was spared a year of lockdowns, and besieged hospitals, and has one of the lowest Covid-19 infection and death rates in the world.” Not only the response to the pandemic impressive – given its shared border with China where the first cases of Covid-19 infection were confirmed – but Vietnam also experienced one of the highest economic growth rates globally in 2020 – being among a handful of countries with positive growth in 2020 - while neighboring countries continue to wrestle with deepening recessions, stated Brand Finance. “Vietnam seems to have managed all aspects of its perception [of soft power] quite well,” said Samir Dixit, managing director of Brand Finance Asia Pacific. Vietnam moves up three places to 47th in the Global Soft Power Index 2021. Source: Brand Finance According to Dixit, Prime Minister Nguyen Xuan Phuc approved the Vietnam National Brand Program from 2020 to 2030, which aims to increase the value and rankings of the nation brand while targeting over 1,000 products to become strong national brands. The brands from the country are managed through specific efforts and initiatives undertaken by Vietrade, under their nation mark program “Vietnam Value”. At a national level, Vietnam had established diplomatic relations with 187 out of 193 member states of the United Nations and completed the process of negotiating and signing new-generation FTAs - including the Comprehensive and …

[Read more...] about Vietnam moves up among ranks of world’s top 60 soft power nations