Vietnam china economic relations

Hanoi (VNA) - A workshop discussing measures to improve the effectiveness of the implementation of the Regional Comprehensive Economic Partnership (RCEP) agreement and enhance the autonomy of Vietnam’s economy in the context of international integration was held on January 20 in Hanoi. The workshop, "Making RCEP work for economic well-being and autonomy in Vietnam: Required reform of trade and investment institutions", was co-hosted by the Central Institute for Economic Management (CIEM) and the Australia Supports Economic Reform in Vietnam (Aus4Reform) programme. It aims to assess trade and investment activities between Vietnam and other RCEP members, clarify institutional and structural issues that may affect the ability to take advantage of the opportunities, and address the challenges posed by the deal, thus proposing institutional reforms. According to CIEM Director Dr Tran Thi Hong Minh, in addition to efforts to realise the “dual goal” of controlling … [Read more...] about Measures sought to strengthen Vietnam’s economic autonomy

Vietnam’s socialist-oriented market economy is one of the fastest growing economies in the world, said Anjaiah, who is also a senior journalist at the Jakarta Post, adding that last year, it grew 2.91 percent, one of the highest in the world, despite the COVID-19 pandemic. … [Read more...] about Indonesian researcher hails Vietnam’s economic development

After the State Bank of Vietnam cut policy interest rates in October 2020 in an effort to ease the cost of credit, credit growth picked up from 9.6% in October to 10.5% in November and 10.1% in December. Since this rate was higher than the nominal gross domestic product growth, the credit/GDP ratio had increased from some 136% in 2019 to over 143% in 2020. … [Read more...] about Vietnam one of fastest growing economies amid pandemic: WB

However, tough challenges are ahead for the city’s industry and trade sector. They come from the curtailment of industrial production as most of the large production facilities move out of the central city, and limited investment in high-tech industry and weak development of supporting industry. Besides, attracting investments in local industrial parks is not an easy task since industrial land leasing costs in Hanoi are higher than those in localities in the vicinity such as Ha Nam, Hoa Binh and Hung Yen. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 20

He congratulated Saysomphone Phomvihane on being re-elected as a Politburo member of the LPRP (11th tenure) and expressed his belief that under the leadership of the new Politburo and the LPRP Central Committee, the Lao people will reap even greater achievements in the process of national construction and defence and successfully realise goals and political tasks set by the Resolution of the 11th Congress of the LPRP. … [Read more...] about VIETNAM NEWS JANUARY 20