With the advantages to enlarge investment space, the Regional Comprehensive Economic Partnership is expected to add opportunities for Vietnam’s foreign funding inflows on the back of new motivations and trends.
The Government Office has issued an official letter to convey the Prime Minister's direction to ministries to monitor the development and handle the congestion of fishery products exported to China.
Since launching doi moi over three decades ago, Vietnam has positioned itself as one of the top exporters for many goods, with logistics playing a vital role in the process. However, in recent years, the country’s logistical infrastructure has lost some of its momentum, threatening to reduce the nation’s competitiveness on the global stage despite new free trade agreements.
The dependence on imported industrial materials has made Vietnam's product prices less competitive, reducing the autonomy of domestic production. If we want to stop importing all kinds of things, the key solution is breakthrough and methodical investment for the material industry, especially in science and technology.
Supporting enterprises in applying digital technology amid the surge of the Fourth Industrial Revolution and the health crisis will be among the keys for Vietnam to achieve sustainable development and high growth.
Once in effect, the recently-signed Regional Comprehensive Economic Partnership is expected to boost Vietnam’s logistics industry, creating more opportunities for all players in the country.
The recently signed Regional Comprehensive Economic Partnership (RCEP) includes 10 ASEAN member countries and five countries with which ASEAN has signed Free Trade Agreements (FTAs) namely Australia, China, Japan, the Republic of Korea and New Zealand.
The OECD and the G20 released a new blueprint for taxing the digital economy, which would allow countries like Vietnam to tax elusive multinational enterprises.
After reassessment, the Vietnamese economy is expected to enjoy an even bigger scale from next year, better reflecting the country’s economic structure.
Along with the signing of the Regional Comprehensive Economic Partnership, ASEAN as chaired by Vietnam is calling for more intra-investment and foreign direct investment into the region, in an aim to make the bloc more affluent, with Vietnam surging to become a bright spot for funding.
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