Vietnam germany trade

Furthermore, tourism growth has had a positive impact on many sectors and various aspects of social life, thereby creating plenty of jobs and serving as a means of improving income, and ensuring social security for citizens. This therefore serves to contribute to promoting friendship ties, preserving cultural values, boosting environmental protection, and aiding economic restructuring. Despite these benefits, tourism also represents an industry that is vulnerable to the various impacts and damages caused by natural disasters and epidemics, the Minister said. … [Read more...] about VIETNAM BUSINESS NEWS HEADLINES DECEMBER 2

Earlier this month banks lowered their 12-month deposit rates to 5.8 percent, the lowest in years, after the State Bank of Vietnam cut its policy rates for the fourth time this year to boost the economy. The deposit rates were around 7 percent at the beginning of this year. … [Read more...] about Stock trading accounts surge as bank interest rates fall

At the recent 37th ASEAN Summit and Related Summits held online and hosted by Vietnam as ASEAN chair over a fortnight ago, leaders determined that the agreements will lay foundations for ASEAN’s next phase in the integration of trade in services and investment, through transitioning into the negative list approach under the ATISA and additional reservations on prohibition of performance requirement under the ACIA, and looked forward to the timely entry into force of these agreements. … [Read more...] about Mitigating crisis crucial for intra-ASEAN trade activities

Hanoi (VNA) - The Vietnam Trade Office in Australia will hold a virtual international sourcing expo exclusively featuring goods from Vietnam’s central localities from December 18-22 to help the flood-hit localities expand exports and production. The event will be based on iCloud platform using artificial intelligence for long-term marketing. Exhibitors will be helped with online stall design for free to showcase products and receive orders, provided with virtual seminar rooms to introduce local potentials, thereby calling for investment, promoting their tourism and linking businesses together. Head of the office Nguyen Phu Hoa said due to the COVID-19 pandemic, the international sourcing expo Australia and a fair on textile, apparel, leather and footwear have been delayed till next year. Those two events usually attract large numbers of Vietnamese businesses. To connect the business communities of Vietnam and Australia, in early June, the office also debuted a … [Read more...] about Int’l sourcing expo Vietnam slated for December 18-22 targeting Australia

Hanoi (VNA) - APEC leaders recently adopted the APEC Vision 2040, and Vietnam will actively contribute to its realisation to help build an open, dynamic, resilient, and peaceful Asia-Pacific community, according to Permanent Deputy Foreign Minister Bui Thanh Son. Founded in 1989, APEC comprises 21 economies: Australia, Brunei, Canada, Chile, China, Hong Kong (China), Indonesia, Japan, the Republic of Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the Philippines, Russia, Singapore, Taiwan (China), Thailand, the US, and Vietnam. In an article on the APEC Vision 2040, Son noted that the vision was adopted at the 27th APEC Economic Leaders’ Meeting on November 20, marking the starting point of a new journey of cooperation towards an open, dynamic, resilient, and peaceful Asia-Pacific community. Amid complex and unpredictable developments in the region and the world, multilateral cooperation has become more urgent than ever. The APEC Vision 2040 has given new … [Read more...] about Vietnam to continue with efforts to realise APEC Vision 2040: Official