VOV.VN - Following the fulfillment of targets set for 2020, the industry and trade sector made positive contributions to overall economic growth at 2.91%, helping the nation maintain its steady growth momentum in import-export activities with a total turnover of over US$500 billion for the second consecutive year.

The recently-signed Regional Comprehensive Economic Partnership (RCEP) presents both opportunities and challenges to Vietnamese businesses, making prompt action crucial to address existing weaknesses and capitalise on deal-generated advantages.

The COVID-19 pandemic has cast a long shadow and created uncertainty over the global economy. The signing of the Regional Comprehensive Economic Partnership (RCEP), however, offers a beacon of hope, as it marks a victory for multilateralism and free trade regionally and globally.

The UK-Vietnam Free Trade Agreement (UKVFTA), expected to come into force in the beginning of 2021, is promising several export opportunities to the European market for Vietnamese garment-textile and footwear enterprises.

Vietnam is considered one of the 10 nations with the highest gross domestic product (GDP) growth in the world in 2020 and one of the 16 most successful emerging economies, Party General Secretary and State President Nguyen Phu Trong has said.

VOV.VN - Vietnam was successful in accomplishing its role as ASEAN Chair 2020 despite facing unimaginable challenges brought about by the global spread of the novel coronavirus (COVID-19), Hiroyuki Morbei, director of the Vietnam Economic Research Institute (VERI), has said during a recent media interview.

VOV.VN - Despite accounting for a mere 14% of the national population and 27% of the local workforce, the annual working-class contribution to the nation makes up more than 65% of GDP and over 70% of the annual State budget.

VOV.VN - Vietnam has ratified a free frade agreement (FTA) with the European Union, and inked the Regional Comprehensive Economic Partnership , and another FTA with the United Kingdom, offering a window of opportunity for the country to boost trade with its partners.

2020 is really a special year for Vietnam as for the first time in its diplomacy history, the country assumed both rotating ASEAN Chair and non-permanent member of the UN Security Council (UNSC), according to the Sputnik news agency of Russia.

VOV.VN - Local farm produce businesses have been advised to come up with concrete strategies to take full advantage of opportunities presented by the Regional Comprehensive Economic Partnership (RCEP), according to insiders.