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According to the Ministry of Planning and Investment, the EVFTA would help Vietnam’s export value to the EU rise by about 42.7 per cent in 2025, and increasing to 44.37 per cent by 2030. Simultaneously, the import value from the EU to Vietnam will also pick up speed, growing by about 33.06 per cent in 2025 and 36.7 per cent by 2030. On a macro level, the EVFTA would contribute to an average 2.18-3.25 per cent in Vietnam’s GDP growth during 2019-2023, increasing to 4.57-5.30 per cent during 2024-2028, and 7.07-7.72 per cent high during 2029-2033. … [Read more...] about Scrutinising the implications of new deals on Vietnam’s economy

BANGKOK -- Thailand’s largest retailer, Central Retail Corporation Pcl (CRC), plans to expand domestic online sales as well as its business in Vietnam, as the coronavirus outbreak slows economic growth at home, its top executive said on Thursday. … [Read more...] about Thailand’s Central Retail eyes growth in Vietnam after trouble at home

Minister of Industry and Trade Tran Tuan Anh said industrial development in Vietnam should follow orientations to 2030 with a vision to 2045, as described in Resolution 23-NQ/TW dated March 22, 2018 of the Communist Party Central Committee. The resolution says it is important to develop industry qualitatively and quantitatively, and create breakthroughs in productivity, quality, competitiveness and added value of domestic industrial products. It is important to maintain and expand domestic markets, and maximize the exploitation of export markets for key industrial products, making use of signed free trade agreements’ opportunities, Anh said. … [Read more...] about Vietnam’s industrial development, exports dogged by low added value