Notably, Việt Nam has gained outstanding achievements in the international integration process. According to Minister Nguyễn Chí Dũng, by 2020, Việt Nam has signed 15 free trade agreements and is negotiating two others. The country has 16 strategic partners, 11 comprehensive strategic partners and joined more than 500 bilateral and multilateral agreements in many fields. A total of 71 countries have so far recognised Việt Nam as a market economy. … [Read more...] about Việt Nam posts remarkable economic achievements in 2016-20 period
Policies to reduce greenhouse gas emissions
Viet Nam posts remarkable economic achievements in 2016-20 period
These achievements have been recognised and appreciated by the international community. According to the United Nations Development Program (UNDP), Viet Nam has created a "legendary story" in poverty reduction with its human development index (HDI) of 0.63 in 2019, ranked 118 out of 189 countries and in the group of countries with the highest HDI growth rate in the world. … [Read more...] about Viet Nam posts remarkable economic achievements in 2016-20 period
VIETNAM BUSINESS NEWS JANUARY 24
Savill Vietnam's spotlight for the second half of 2020 forecast unit prices to benefit further from infrastructure upgrades. Average asking prices have increased 4 per cent per year over the last five years. At the same time, infrastructure development eases living farther out. When complete, the metro and ring roads will see this trend accelerate. The framework for public-private partnerships was simplified in 2020. Political stability and speedier decision-making will see greater spending on key infrastructure projects. The GSO estimates that for every 1 per cent point increase in public investment, GDP will move up 0.06 per cent points. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 24
Important milestone enhancing Vietnam’s prestige
In economic, trade and investment areas, Australia is now the eighth largest partner of Vietnam. The average annual growth rate of the two-way trade turnover increases by 7%, reaching USD 6.5 billion in 2017 (increasing by 22.2% compared to 2016). The export value from Vietnam to Australia stands at USD 520 million each year, with more focus on aquatic products, of which frozen shrimp accounts for 25%. Australia has started importing lychee, mango, and dragon fruits from Vietnam. At present, Australia has 412 investment projects in Vietnam with the total capital of USD 1.8 billion, ranking the 20th among 126 countries and territories with investment in Vietnam. On the other way, Vietnam has 44 direct investment projects in Australia with the total investment value of USD 387.1 million. … [Read more...] about Important milestone enhancing Vietnam’s prestige