Last but not least, that Viet Nam has been hailed as one of the countries most successful in controlling the COVID-19 outbreak at low cost, as well as its assistance and provision of medical equipment and face masks to other countries in their fight against the pandemic have helped raise investors’ confidence. This is a good opportunity for Viet Nam to attract investment and recover the economy, creating momentum for long-term and sustainable development. … [Read more...] about Can Vietnam could take advantage of new foreign investment strategies?
The rate of economic growth
When entering into force, the EVFTA will bring immediate positive effects for businesses in both Vietnam and Europe. From day one, the cut to tariffs will apply to 65 per cent of the EU exports to Vietnam and 71 per cent of EU imports from Vietnam, with a gradual phasing out over 10 years. The elimination of bilateral tariffs and export taxes, together with the reduction of non-tariff barriers affecting cross-border exchange of goods and services, are expected to boost bilateral trade considerably. The opening of the procurement markets adds important new trading opportunities for the EU. … [Read more...] about How the EVFTA and EVIPA will help Vietnam lure investment
Hanoi (VNS/VNA) - The Ministry of Construction has announced a national action plan on green growth in 2020-2030 focusing on reducing greenhouse gas (GHG) emissions and implementing the Paris Agreement. According to Deputy Minister Nguyen Tuong Van, the goal of the plan is to reduce greenhouse gas emissions in construction materials production and develop construction works, urban areas and technical infrastructure for new urban areas that suit the Government's commitment for achieving green growth. The plan also aims to complete institutions and policies to support and encourage businesses to improve technology, enhance production management and construction capacity to reduce emissions and improve the management capacity of the Ministry of Construction on reducing GHG emissions. To accomplish the targets, the ministry has set out four main tasks, including mitigating GHG emissions, adapting to climate change, preparing resources and establishing a transparent and public system of … [Read more...] about Construction industry issues action plan on emissions
In the meantime, 54.5 percent of five-star hotels allowed guest personalization via mobile apps, while only 34.6 percent of four-star ones did so. Nearly 43 percent (42.9 percent) of five-star hotels, compared to 28.6 percent of four-star accepted online check-in/ check-out. … [Read more...] about In Vietnam, 5-star hotels outshine 4-star in different aspects: Grant Thornton
With the cohesive and responsive spirit, as the ASEAN Chair 2020, Vietnam gives the highest priority to promoting solidarity and unity and effective coordination among member countries, as well as strengthening relations with partners to enhance the capacity to deal with unprecedented challenges: the COVID-19 pandemic and fierce competition in the regional and global geopolitical environment, in which the respect for law, including 1982 United Nations Convention on the Law of the Sea (UNCLOS) must be heightened. … [Read more...] about Vietnam aspires to ASEAN unity, effective coordination