VOV.VN - Hanoi is aiming to lead the country’s economic recovery efforts in the post-novel coronavirus (COVID-19) landscape, with the Gross Regional Domestic Product (GRDP) at 1.3-fold higher than the country's GDP growth rate.
VOV.VN - The Vietnamese capital has determined that increasing domestic demand stimulus is a key task that can help to boost production and business as removing difficulties for firms will allow them to better meet supply and demand as a way of restoring economic growth following the impact of the COVID-19 epidemic.
It is critical for Vietnam to focus on removing inconsistencies and overlaps in business regulations to create a favourable climate for enterprises, attendees heard at a conference held by the Vietnam Chamber of Commerce and Industry (VCCI) Hanoi on June 24.
The East Asia Business Council (EABC) has recently convened its 47th meeting in an online format, attracting representatives from 13 East Asian nations, including 10 ASEAN member states and their three partners of China, Japan and the Republic of Korea.
VOV.VN - The Corporate Sustainability Index (CSI) is anticipated to play an important role in socio-economic development moving forward into the period following the novel coronavirus (COVID-19), helping local firms to enhance their ability to cope with and recover from a variety of scenarios.
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.