World economic forum

Jakarta (VNA) – Indonesia and the European Union (EU) have agreed to complete the negotiations on the Indonesia-EU Comprehensive Economic Partnership Agreement (IEU CEPA) by the end of 2020. The agreement was reached by Indonesian Deputy Trade Minister Jerry Sambuaga and European Commissioner for Trade Phil Hogan at their meeting on February 19. Sambuaga said Indonesia suggested accelerating the negotiations on the deal and its proposal had been accepted by the EU. This showed the important trade role of the Southeast Asian country, he added. With this commitment, Indonesia is expected to make more inroads into the European market, he said./. … [Read more...] about Indonesia, EU strive to complete negotiations on economic deal in 2020

Vietnam's exports was expected to increase by about 10 percent in 2019, but the overall growth rate reflected two things. On the one hand, there was strong growth in the US market (up by over 10 percentage points compared to 2018) , but on the other hand, the growth in non-US markets decreased (down by nearly 10 percentage points).  … [Read more...] about The sun still shines in Vietnam: World Bank

With a deep and comprehensive level of commitment between the two economies, the EVFTA will bring great benefits to both sides. Once the EVFTA takes effect, the EU will eliminate import taxes on nearly 86 per cent of tariff lines from Việt Nam, which will be increased to 99 per cent after seven years. Meanwhile, Việt Nam will immediately remove 48.5 per cent of tariff lines for EU goods in the first year and increase to 91.8 per cent of tariff lines after seven years. … [Read more...] about EVFTA and EVIPA hold strategic and economic significance to Việt Nam-EU relation

Obviously, GII 2019 shows that the effort of Vietnam last year, especially on innovation input and output, reached positive results. There was a rise of 5 positions and 8 positions in the total spending on research and development and the knowledge-based products, respectively. They reveal the effective leading role and logical solutions of the government in ensuring the economic balance and macro-economy, while still able to attract sufficient social resources for the development of science and technology. They also signal the correct direction of the state leaders in encouraging technology transfer among businesses, improving working performance and competitiveness. … [Read more...] about Vietnam aiming to boost its innovation index

Kuala Lumpur (VNA) – Senior officials from the Asia-Pacific Economic Cooperation (APEC) member economies will discuss measures to cope with the acute respiratory disease caused by a novel coronavirus (COVID-19) in their upcoming meetings in Kuala Lumpur, Malaysia. They will also talk about the impact of this disease on the regional economy, according to Chairman of the APEC Economic Committee Dinh Quoc Vinh. Senior health officials will also convene a meeting to deliberate the countermeasures, Vinh added. He told the press on February 19 that he hoped participants could seek measures and cooperation orientations to fight the disease. Founded in 1989, APEC includes 21 economies, namely 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, Chinese Taipei, Thailand, the US and Vietnam./. … [Read more...] about APEC meeting to discuss countermeasures against COVID-19