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
Trade investment queensland
Ba Ria-Vung Tau Province to adjust master plan
The province have large areas of mangrove forest, which is the home of endemic wildlife such as black tigers and parrots and many fertile river mouths ideal for breeding marine species are now the key to a master plan for developing green community tourism integrated with cultural activities. … [Read more...] about Ba Ria-Vung Tau Province to adjust master plan
Vietnam’s industrial development, exports dogged by low added value
Minister of Industry and Trade Tran Tuan Anh said some key products, including those of manufacturing, processing, mineral, metallurgy and supporting industries, are facing fierce competition in the context of trade disputes and origin fraud. Exports by domestic enterprises have greatly grown, but foreign-invested enterprises still account for the vast majority of the industries’ export value. In order to ensure growth and efficient economic restructuring, Anh said, the factors on which industrial production depends and the government’s role in policy improvement must be clarified. … [Read more...] about Vietnam’s industrial development, exports dogged by low added value
Many Vietnamese firms could stop operations by late March as inputs run out
In the January – February period, the index expanded 6.2% year-on-year, down two percentage points compared to the same period last year, in which the manufacturing and processing rose only 7.4%, down four percentage points, mining down 1.6 percentage points and electricity supply down one percentage point. … [Read more...] about Many Vietnamese firms could stop operations by late March as inputs run out
Ministries ask for permission to change SOE divestment plans
The Ministry of Industry and Trade (MoIT) has proposed the Prime Minister allow it to remain the major shareholder in two SOEs, namely the Vietnam Engine and Agricultural Machinery Corporation (VEAM) and Machines and Industrial Equipment Corporation (MIE). … [Read more...] about Ministries ask for permission to change SOE divestment plans
