VOV.VN - The Ministry of Industry and Trade (MoIT) and Samsung Vietnam on July 14 jointly launched a training scheme for Vietnamese molding technicians to generate human resources for the molding industry.
It is unlikely that State budget revenue will reach the 2020 target approved by the National Assembly of over VND1.51 quadrillion (US$64.89 billion) due to the impact of COVID-19, Minister of Finance Dinh Tien Dung has said.
VOV.VN - Leading business and financial website Bloomberg of the United States posted an article on June 29 in which they highlighted the robust growth enjoyed by the Vietnamese economy in spite of the negative impact caused by the novel coronavirus (COVID-19) outbreak.
The EU-Vietnam Investment Protection Agreement (EVIPA) is expected to create a favourable environment for Vietnam to attract further investment in fields where the EU holds strengths, such as finance, telecommunications, transport, distribution, processing, hi-tech manufacturing, and clean and renewable energy.
The US-based Brookings Institute on May 20 ran an article attributing Vietnam’s success in COVID-19 containment to its improved governance and policy coordination.
Vietnam ranked second, following Bangladesh, in the top 10 fastest growing wealth markets from 2010 to 2019, the Wealth-X Company revealed the ranking in its new report titled “A Decade of Wealth”.
VOV.VN - After proclaiming success in containing the coronavirus, Vietnam is positioning itself as a safe place to do business, capitalising on demand from international manufacturers looking to diversify their supply chains away from China, according to Reuters.
Faced with the negative impact the COVID-19 pandemic has had on regional and global economies, including interruptions to supply chains, ASEAN countries are making greater efforts to recover and improve their responsiveness to future risks, Minister of Industry and Trade Tran Tuan Anh has said.
Some 81% of members of the Vietnam Business Council for Sustainable Development (VBCSD) will strengthen sectoral links to prevent their supply chains from suffering any future disruption caused by a disaster similar to the COVID-19 pandemic, a survey has found.
With COVID-19 and trade tensions driving the shift of production lines from China to Southeast Asia, Vietnam, in particular, seems to have emerged as an attractive destination for investors and manufacturers alike, experts have predicted.
A number of local firms in supporting industries have been receiving more orders from foreign partners due to the coronavirus outbreak disrupting supply chains in China.
The coronavirus outbreak is significantly affecting Vietnam’s supply chains, but it is also an opportunity for the country to identify and cope with weaknesses.
The British Embassy in Vietnam held a workshop on promoting transparency and labour best practice in supply chains in Ho Chi Minh City on November 6.
The garment and textile sector was forecast to suffer the most from goods origin regulations under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), said Bui Kim Thuy, the country representative for Vietnam at the US-ASEAN Business Council.
Some 1,069 supply chains for clean and safe farm produce were developed across all the 63 cities and province in 2018, up 350 from the previous year, according to the Ministry of Agriculture and Rural Development.
Vietnam aims to increase value of coffee products by processing more than 25% of its coffee beans by 2020, according to the Processing and Market Development Authority (AgroTrade) under the Ministry of Agriculture and Rural Development.
Although the US is deemed a promising market for exporters, it also sets very strict import regulations. For this reason, Vietnamese enterprises are urged to improve their capacity and shake hands with others to develop supply chains to make inroads into this market.
Firms are potentially missing out on key opportunities available beyond their immediate borders by focusing on trade policy developments on a regional scale, and showing lack of awareness when it comes to the broader global trade policy environment, according to an HSBC report.
As the Asia–Europe Meeting (ASEM) enters the third decade, it is time to build a vision for a responsible and responsive ASEM as a champion for multilateral cooperation, said a senior Vietnamese official.
The Government should set out a roadmap in order to ensure economic growth is stable, legislators said on the sidelines of the ongoing fourth sitting of the 14th National Assembly in Hanoi on October 31.