The manufacturing and processing sector, largely fueled by foreign firms, is expected to continue to be the biggest driver of economic growth this year.
While escalating trade tensions between the United States and China have commanded attention, an emerging player in global trade has quietly reaped the benefits, becoming an alternative for companies looking to diversify their supply chains and hedge against rising political uncertainty.
By the end of this year, the World Trade Organization (WTO) will largely be unable to mediate disputes among its 164 members. The United States can single-handedly prevent this looming crisis.
Now is the time for Việt Nam to find new momentum for its development with the digital economy leading the way, an official has said.
The Vietnam Government’s commitment to broad-based economic reforms bodes well for the country’s longer term prospects and look to have it on the path to upper middle-income status, said Khoon Goh, head of Asia Research at ANZ.
The EU-Vietnam Free Trade Agreement would provide a big impetus to Vietnam's exports to the EU and be key to Vietnamese companies penetrating one of the largest and most lucrative markets in the world, experts have said.
Vietnam and Singapore held the 12th political consultation in the island city state on August 14, agreeing to make joint efforts to continue intensifying their strategic partnership.
A conference to accelerate bilateral trade and investment between Vietnamese and Thai enterprises is slated to be held in the central province of Nghệ An from September 26-30.
The nature of globalisation is changing. In the past, “globalisation” mainly meant the movements of goods and money across national boundaries. Examples included the manufacturing of smartphones, which might entail the manufacturing of components and their partial assembly in a range of different countries.
It would seem logical for the world’s largest debtor to name the world’s largest lender as one of the “world’s richest countries”.
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