Vietnam was one of the fastest growing economies in the world in 2018 with a decade-high GDP growth of 7.08%, however, it still ranked 136th out of 188 countries and territories in terms of GDP per capita, according to Nguyen Chi Dung, minister of Planning and Investment.
Vietnam made great achievements in international economic integration and connectivity in 2018, Deputy Foreign Minister Bui Thanh Son affirmed in his article on the country’s economic integration and connectivity milestones last year and orientations for the coming times.
Vietnam’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and the enforcement of the EU-Vietnam Free Trade Agreement (EVFTA) will set a string of challenges for local government and businesses to adopt an Industry 4.0 model in Vietnam.
The Ministry of Agriculture and Rural Development (MARD) has announced a list of 13 key agricultural products of Vietnam.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will take effect in Vietnam as from January 14, 2019.
Vietnam’s joining of free trade agreements (FTAs) is quite suitable in the context of trade globalization. However, to promote the efficiency of boosting exports, a concerted policy system is needed to help businesses successfully take advantage of benefits brought by the FTAs, according to insiders.
Savills believes the real estate market will continue to remain robust, despite the demise of the Trans-Pacific Partnership (TPP). In its place, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will become an important driver for continued investment in all sectors of the economy, especially in real estate.
Vietnam is making great strides to increase international integration for trade expansion and investment attraction.
Vietnam exported goods to 200 countries and territories worldwide in 2018, including 50 major markets, Sai Gon Giai phong (Liberated Saigon) daily reported.
Vietnam should promote trade more overseas to bring in new customers and boost exports to the ASEAN region.
Businesses based in Ho Chi Minh City recorded a year-on-year increase of 7.8% in their export revenue this year to reach US$38.32 billion, according to the municipal Department of Industry and Trade.
Exports of footwear, suitcases and bags of all kinds are estimated at US$19.5 billion in 2018, according to the Vietnam Leather, Footwear and Handbag Association (LEFASO).
VOV.VN - Vietnam has made big changes economically and socially this year to make the most of new-generation free trade agreements and integrate into the world economy.
Vietnamese firms have not been able to fully tap incentives offered by free trade agreements (FTAs) that Vietnam has signed, experts said.
VOV.VN - Vietnam Trade Promotion Agency (Vietrade), under the Ministry of Industry and Trade, held a meeting in Hanoi on December 12 to announce businesses who have achieved national brands during 2018.
VOV.VN - Vietnam has actively promoted the international economic integration process, which will lay the foundations for a wider and more comprehensive integration, said Deputy Prime Minister Vuong Dinh Hue at the Vietnam International Economic Integration Forum held in Hanoi on December 4.
VOV.VN - Vietnam’s total import-export value from the beginning of the year up to November 15 has increased by a total of 13.7% to US$418.45 billion compared to last year’s corresponding period, according to the General Department of Vietnam Customs.
VOV.VN -The textile and apparel industry is set to grow significantly in the coming years whilst the leather and footwear industry will also enjoy positive growth.Thus, both are considered bright spots for the national economy.
It is critical to enhance the awareness of businesses about non-tariff measures and build the capacity to tackle invisible trade barriers, experts have said.
VOV.VN - Vietnam has been considered the most attractive investment destination in the Asia-Pacific Economic Cooperation (APEC) region for the second consecutive year, according to the latest survey by PricewaterhouseCoopers (PwC).
