Vietnam economy

FDI relocation "wave" still unclear as Vietnam faces competition from India, Thailand, Indonesia Vietnam has a great opportunity to receive new FDI, but it has been warned of the ‘the other side of the coin’. … [Read more...] about Vietnam prepares to receive investors from Japan, the US, EU

This allows holders to remain in the country if they have no other visa options and are unable to depart due to COVID-19 travel restrictions. Applicants must demonstrate why they can’t meet the requirements for another visa, according to the Australian Department of Home Affairs. … [Read more...] about Young people involved in Vietnam’s fight against COVID-19

Meanwhile, the EVIPA is now waiting for the approval of the parliaments of EU member states to take effect. Its contents concerning investment are also mentioned in the EVFTA, however. Apart from that, more than 20 member states of the EU have already exercised their bilateral investment protection agreements with Vietnam. This is an encouraging start, making favorable conditions for foreign businesses to invest in Vietnam. … [Read more...] about EVFTA and EVIPA help attract more investment in Vietnam

Hanoi (VNA) - Deputy Minister of Industry and Trade Do Thang Hai on August 4 held a virtual meeting with Rodrigo Yáñez Benitez, Under-Secretary for International Economic Relations at the Chilean Ministry of Foreign Affairs, to boost economic and trade cooperation between the two countries. The meeting aimed at promoting bilateral collaboration amid COVID-19, taking full advantage of the Vietnam-Chile Free Trade Agreement and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Both sides expressed their delight at growth in bilateral trade in 2019, as Chile became Vietnam’s fourth-largest partner in Latin America with revenue of 1.23 billion USD, up 12.95 percent year-on-year. Notably, two-way trade then reached nearly 568 million USD in the first half of 2020 despite the serious impact of COVID-19, down just 1.04 percent year-on-year. The two officials proposed intensifying supply chains as well as the production and export of face … [Read more...] about Vietnam, Chile seek to foster economic, trade cooperation

Hanoi (VNA) – The Vietnamese Party and Government always attach importance to and wish to promote the comprehensive strategic partnership with India, a senior Vietnamese party official has said. At a meeting with Indian Ambassador Pranay Verma in Hanoi on August 4, Tran Quoc Vuong, Politburo member and standing member of the Party Central Committee’s Secretariat, highlighted developments in the relations between Vietnam and India in the spirit of the bilateral strategic partnership. Vuong congratulated India on winning a non-permanent seat in the UN Security Council for 2021-2022, and spoke highly of the country’s coordination and support for Vietnam as ASEAN Chair 2020 and non-permanent member of the UN Security Council during the term 2020-2021. Appreciating the Indian Government’s stance on the East Sea issue, the official affirmed Vietnam’s consistent stance that concerned parties should address East Sea disputes by peaceful measures and respect … [Read more...] about Vietnam wishes to enhance partnership with India: Party official