Member of Party Central Committee and Permanent Deputy Minister of Foreign Affairs Bui Thanh Son recently wrote an article in which he underscored the great contributions made by the diplomatic sector in the cause of national construction and defence as well as the country's renewal and international integration process. The following is the full text of the article.
Vietnam and South Korea are witnessing their heyday in multi-faceted and bilateral co-operation. Nguyen Van Xuong, former Vietnamese Ambassador to South Korea, talked with VIR’s Khoi Nguyen about how the two nations can boost their trade and investment ties fuelled by a bilateral free trade agreement.
Nearly five years have elapsed since the ASEAN Economic Community was established, and businesses in the region have gradually taken advantage of the bloc’s import tariff cuts to expand exports to Vietnam. Meanwhile, the country has also done the same with the bloc’s member states, helping to gradually truncate the years-long trade deficit between both sides.
Criteria regarding flexible rules of origin stipulated within the European Union-Vietnam Free Trade Agreement (EVFTA) will make it easier for plastic enterprises to take full advantage of preferential tariffs when exporting to the EU market.
Speeding up infrastructure development and improving ease of doing business and vocational training are among things Việt Nam can do to make itself more attractive to foreign investors post-Covid-19, according to investment fund VinaCapital.
Amidst the digital wave surging through many ASEAN states, facilitating their businesses to have closer connectivity with global markets, many Vietnamese enterprises nevertheless remain slack in adopting digital solutions, causing impediments in improving their competitiveness.
According to the Minister of Planning and Investment, in the last six months of 2020, it is necessary to focus on reviews in order to promote all geographical areas of growth in each major industry, field, locality and major projects.
Suffering from the serious impact of the Covid-19 pandemic, in the first half of this year, export goods of Vietnam recorded a serious decline in all key commodities. This situation would change in the second half if the situation of Covid-19 pandemic was controlled worldwide and the country takes advantage of free trade agreements (FTA) including Vietnam-EU free trade (EVFTA) that will take effect from August 1.
In a national teleconference last week, Prime Minister Nguyễn Xuân Phúc asked for concerted efforts to achieve a growth rate of 4 per cent this year.
The Government has recently issued Decree No. 64/2020 / ND-CP guiding the implementation of the temporary admission of goods under the Istanbul Convention.
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