VOV.VN - The domestic market is poised to play an important role in getting the nation’s socio-economic development back on track following the easing of the novel coronavirus (COVID-19) pandemic, with local firms needing to pay close attention to developing trends due to the ongoing economic impact caused by the virus.
VOV.VN - Prime Minister Nguyen Xuan Phuc has underscored the necessity of promoting both patriotism and unity in a bid to overcome the difficulties that stand in the way of the nation achieving its growth targets and spurring on greater national development.
Government support policies are urgently needed for businesses affected by the COVID-19 pandemic in order to protect the national economy and people’s livelihoods, according to a business leader.
VOV.VN - With the novel coronavirus (COVID-19) epidemic proving to be a challenge for many enterprises due to their urgent need to minimise costs, the social responsibilities of these firms is set to remain an indispensable part of their business and production strategies moving forward.
Up to 73% of businesses have offered timely support to workers amid the COVID-19 pandemic, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc said.
VOV.VN - Joining the Vietnam-EU Free Trade Agreement (EVFTA) is set to create favourable conditions for many of Vietnam’s advantageous items, such as agricultural products, to make inroads into the EU market.
VOV.VN - The recently ratified EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA) will give the Vietnamese business community an opportunity to improve its competitiveness in global value chains.
The new trade agreement between Vietnam and the European Union opens many doors for agriculture, according to experts.
VOV.VN - Vietnam’s GDP increased 7.02% last year, marking the second consecutive year the economic growth rate has surpassed 7%. Economists say this will create momentum for this year’s growth, which will be primarily driven by traditional sectors.
The European Parliament’s ratification of the European Union – Vietnam Free Trade Agreement (EVFTA) on February 12 will open up a golden opportunity to improve value chains, said President of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc.
VOV.VN - The Vietnamese government is determined to reform institutional and administrative procedures, introducing new mechanisms and law enforcement to boost the economy and cerate a base for sustainable development.
Many initiatives will be offered to foster cooperation among regional businesses towards further promoting trade and investment exchange after Vietnam takes over the chairmanship of the EABC in 2020.
Vietnam has been unable to gain export growth to all CPTPP member countries, according to the Ministry of Industry and Trade.
Institutional reforms will continue to be the major growth driver in 2020 and beyond, while a focus would be placed on removing barriers and connecting firms to establish value chains, Chairman of the Việt Nam Chamber of Commerce and Industry Vũ Tiến Lộc said.
Breakthrough changes in mechanisms, policies are needed for the private economic sector’s development, experts said.
Many foreign businesses have expressed their hope for better business and investment environment in Vietnam, especially consistent policies on economic development.
VOV.VN - There remains a significant gap in business environment between Vietnam and other regional countries, while administrative procedures need to be simplified, thus helping domestic firms make major breakthroughs in their development, has said Vu Tien Loc, Chairman of Vietnam Chamber of Commerce and Industry (VCCI).
Despite many difficulties and challenges, the growth of private businesses will be the highlight of Vietnam’s economy in the long term, heard a forum in Ho Chi Minh City on January 6.
Vietnam this year set a record in newly established enterprises, with 138,100 units in all economic sectors, according to the General Statistics Office (GSO).
New-generation Free Trade Agreements (FTAs) are expected to help Vietnam become more competitive if the country reduces trading costs and improves its business environment, experts said at a conference in Ho Chi Minh City.