The Regional Comprehensive Economic Partnership could provide opportunities for local small and medium enterprises to move up the value chain with the simplification of procedures. Manufacturers in advanced countries such as Japan, China and South Korea may consider minimizing costs by outsourcing the final processing steps to less expensive ASEAN countries such as Vietnam to achieve cost benefits. … [Read more...] about Standard Chartered forecasts Vietnam’s 2021 GDP growth at 7.8%
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Congress to create new momentum for Vietnam: Ambassador
In a recent interview with the Vietnam News Agency ahead of the Congress, the Chinese ambassador said he expects that the 13th National Party Congress will elect an unyielding and strong Party Central Committee for the new tenure that will win over the people’s wholehearted support and trust to continue leading the country’s socialism building to even greater success. … [Read more...] about Congress to create new momentum for Vietnam: Ambassador
Vietnam’s supporting industries receive push to develop further
Hanoi (VNA) – The Vietnamese Ministry of Industry and Trade is actively implementing a lot of supporting industry development programmes, given the great importance of supporting industries. Thanks to these programmes, Vietnamese businesses have been facilitated to apply modern quality management standards and systems, increase the quality of their products, and gradually participate in global supply chains. However, deputy head of the Science Institute on Small-and-Medium Enterprises Management (SISME) Nguyen Kim Hung said that businesses are facing difficulties in approaching credit, due to specific characteristics of supporting industrial production as well as the low starting point of small- and medium-sized enterprises. In this context, Chairman of the Vietnam Chamber of Commerce and Industry Vu Tien Loc stressed the need for mechanisms and policies to develop supporting industries, strengthen connectivity, take advantage of new markets, and expand supply channels and … [Read more...] about Vietnam’s supporting industries receive push to develop further
Vietnam posts remarkable economic achievements in 2016-2020 period
Viet Nam’s GDP size last year increased by about 1.4 times compared to 2015. The country completed the national target programme on new-style rural area building nearly 2 years ahead of the roadmap, with about 63 per cent of communes nationwide meeting the programme’s standard by the end of 2020, against the set target of 50 per cent. … [Read more...] about Vietnam posts remarkable economic achievements in 2016-2020 period
Vietnam-US friendship thrives after a quarter of a century
Son recalled that following the signing of the BTA, there was a major change in Vietnam’s exports to the US. Aside from garment-textile and footwear, which already affirmed their position in the market, agro-forestry-fishery products, and most recently electronic components and wooden products, made them onto the list of key export items. … [Read more...] about Vietnam-US friendship thrives after a quarter of a century