The European-Viet Nam Free Trade Agreement (EVFTA) is also expected to be approved by the 14th National Assembly in its ongoing ninth meeting. Under the agreement, tax imposed on exports from Viet Nam to EU will be eliminated as soon as EVFTA takes effect or shortly thereafter (maximum seven years). Thanks to the EVFTA, Viet Nam’s revenue from exports to the EU is forecast to surge by 44 per cent by 2030. … [Read more...] about Can Vietnam could take advantage of new foreign investment strategies?
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If there is more trade from the EU to Vietnam, it is likely that the EVFTA will trigger a new wave of FDI from the EU into this country. Investments from the EU are of top quality. European FDI comes with high standards of corporate social responsibility for protecting and training workers and employees, as well as for respecting and protecting the environment. These spillover effects are essential for economies like Vietnam to avoid the middle-income trap. It allows Vietnam to promote economic growth, create better jobs at the same time while ensuring sustainable development. … [Read more...] about How the EVFTA and EVIPA will help Vietnam lure investment
Hanoi (VNA) – Foreign experts have highly evaluated Vietnam’s response to the recurrent outbreak of COVID-19. In a BBC article published on August 8, Prof Michael Toole, an epidemiologist and principal research fellow at the Burnet Institute in Melbourne (Australia), said: “Like in the first wave, Vietnam has responded quickly and forcefully” when talking about the sudden resurgence of the coronavirus in Da Nang. This central city sealed itself off from visitors and retreated into full lockdown after Patient 416, the first case of local infection after 99 days without community transmission in Vietnam. Each resident is set to be tested for the virus, and a field hospital has been erected as every resource is thrown at slowing the spread of the disease, according to the article. Meanwhile, Hanoi has closed down bars and karaoke parlours as an extra precaution, and several cities, including the capital and Ho Chi Minh City, have made face masks compulsory … [Read more...] about Foreign experts value Vietnam’s response to latest COVID-19 outbreak
Hard-working technicians at Da Nang lab seek COVID-19 infection cases The Da Nang Centre for Disease Control and Prevention (CDC) has been busy on the frontline in the fight against COVID-19 over the past 10 days due to Da Nang’s administration accelerating mass testing. … [Read more...] about COVID-19: Vietnam reports 29 new cases, another fatality
According to Karim Klaa, New World Saigon’s acting general manager, several prominent five-star hotels in Ho Chi Minh City such as New World, Caravelle, and Renaissance will adjust their room rates in the next 12 months due to upgrade and renovation. … [Read more...] about In Vietnam, 5-star hotels outshine 4-star in different aspects: Grant Thornton