Prime Minister Pham Minh Chinh has called on the Republic of Korea (RoK)’s enterprises to increase investment in Vietnam and boost connectivity with local firms so that Vietnam can soon become a hub in regional and global value chains.
The Regional Comprehensive Economic Partnership (RCEP), with its market of 2.2 billion people in 15 nations, has been forming the largest free trade area in the world. Vietnam is deliberately promoting goods export, especially seafood, to this lucrative market as its next strategic economic step.
The activities of many enterprises show that, although Vietnam has already been a member of RCEP and applied preferential policies as prescribed by other member countries, in fact, the export of enterprises still faces many difficulties. From 2020 to now, pangasius products exported to this market have seen more than half of the number of containers have to be recalled due to Covid-19 infection.
Vietnam and Laos need to maintain the regular exchange of delegations and high-ranking officials and strive to turn economic, trade, and investment cooperation into a pillar of bilateral relations, President Nguyen Xuan Phuc said on April 26.
Prime Minister Pham Minh Chinh attended the high-level session of the annual Vietnam Business Forum (VBF) in Hanoi on February 21 under the theme “Restoring the economy & Developing supply chain in the new normal”.
Following the directions of the Government, the Ministry of Industry and Trade has coordinated with relevant ministries, sectors, and agencies to implement measures to improve the competitiveness of businesses operating in supporting industry, thus promoting the growth of the sector.
Many people are concerned whether the US will return to renegotiate its terms for rejoining the Comprehensive and Progressive Agreement for Trans Pacific Partnership (CPTPP). However, some people strongly believe that the return of the US seems inevitable.
There are still several concerns over whether the United States of America will return to negotiate and rejoin the Comprehensive Progressive Agreement for Trans Pacific Partnership (CPTPP) in the near future. Speaking with Saigon Investment, Asso.Prof.Dr. VO DAI LUOC, Director of the Vietnam Asia Pacific Economic Center, shared many of his views on this issue.
How to avoid scams when signing investment agreements with foreign enterprises? Is there any way to make use of incentives from free trade agreements? These concerns of some enterprises are also common questions in the process of Vietnamese enterprises integrating into the global playground.
With the signing of the Regional Comprehensive Economic Partnership (RCEP), member countries in the region, like Vietnam, will have more convenient transportation. The RCEP is expected to increase the export value of Vietnam's agriculture, especially fresh fruits and vegetables, thanks to the reduction in storage and logistics costs.
The 13th National Party Congress took place at the end of January 2021. It has determined the development goals in the next five and ten years with a vision to 2045, aiming at turning Vietnam into a developed country with high income. The will of the Party and the State is also the aspiration of each citizen. Therefore, striving for fast and sustainable growth to avoid moving backward further and overcoming the middle-income trap are critical issues, requiring the arousal of self-reliance and endogenous strength to achieve the set goals.
The groups of automobiles and electronic products imported from China into Vietnam had seen a sudden increase. Besides meeting consumer needs, this issue has also raised many concerns for the domestic electronics manufacturing industry.
Australian Prime Minister Scott Morrison has supported a Thai bid to seal the Regional Comprehensive Economic Partnership (RCEP) to bolster trade, Deputy Government Spokesman Werachon Sukondhapatipak said on June 28.