According to experts, while implementing the Vietnam-EU Free Trade Agreement (EVFTA) is a great opportunity for businesses, there will also be the challenges of non-tariff barriers from this market. After the tariff barriers are removed, it will be a big obstacle for Vietnamese enterprises to access the EU market.
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Party General Secretary and President Nguyen Phu Trong has sent out a message on the occasion of Vietnam’s assumption of the roles of the ASEAN Chair 2020 and a non-permanent member of the United Nations Security Council (UNSC) for the 2020 – 2021 tenure.
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Information given by the leader of Post-Clearance Inspection Department (General Department of Customs) at apress conference about results and solutions to fight against fraud originating exports, issued by the General Department of Customsheld on themorning of 27 December.
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Việt Nam is advancing into 2020 following good results in 2019. Experts and companies tell Việt Nam News about their forecasts of the country's economic prospects this year as well as opportunities and challenges facing the country.
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The year 2019 closed with remarkable achievements for Việt Nam's economy, building a steady foundation for sustainable development. The Vietnam News Agency has selected the top 10 outstanding economic events of the year.
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Vietnamese exports were projected to obtain the growth rate of 8 percent during 2019 with the estimated total turnover of US$263 billion.
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Prime Minister Nguyen Xuan Phuc has required Deputy Prime Ministers and Ministers to continue accompanying businesses and remove difficulties to help them achieve breakthrough development in 2020 and the following years.
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In 2019, the labour, invalids and social affairs sector has compleated three breakthrough goals on institutional construction, improving the quality of vocational education and developing the labour market.
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The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and related tariff commitments have opened up multiple opportunities for Vietnam's export industries, with a range of key products including furniture, garments and footwear, experts have said.
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Despite lowering the economic growth forecast of Asia, the Asian Development Bank (ADB) revised the Vietnamese GDP growth forecast from 6.8 per cent to 6.9 per cent for 2019 and from 6.7 per cent to 6.8 per cent for 2020.
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