Vu Thi Thu Hien and Le Huu Hong Chuyen of Tilleke & Gibbins, Southeast Asia’s leading full service regional law firm, give an inside view into how these agreements and legislative changes can make an impact on the local pharmaceutical market in the future.
Catfish export has continuously grown strongly in the last 3 years and is expected to continue collecting "sweet fruits" in 2019. In order for this industry to develop sustainably, improving quality and efforts to maintain and expand export markets are key factors.
According to Mr. Vu Tien Loc, Chairman of Vietnam Chamber of Commerce and Industry (VCCI), developing small and medium enterprises and improving productivity in this region will play an important role in improving national labor productivity.
The impact of China’s economic slowdown on Vietnam’s economic prospects may be relatively limited. Beijing recently cut its growth target for this year to the 6-6.5 percent range, from ‘about 6.5 per cent’ set for last year. The official GDP growth of 6.6 percent in 2018 was already the slowest in 28 years.
Việt Nam’s economic performance has showed positive signs with last year’s GDP growth rate at 7.08 per cent, the highest rate in the last ten years.
Last year was marred by a series of economic shocks. In 2018, the World Trade Organization faced an unprecedented crisis, and the global trade order suffered clashes because of a tariff war launched by the US.
Upon the entry into force of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, great opportunities for Vietnam will usher in export and import market expansion, as well as an ease in rule of origin. VIR delves into the potential bonanzas deriving from the deal’s member markets.
On March 19 2019 in Ho Chi Minh City, Deputy Director General of Vietnam Customs, Hoang Viet Cuong chaired the meeting with Ho Chi Minh City competent agencies to discuss solutions to enhance the rank of cross-border trade transactions index.
Vietnam attained a trade surplus in three consecutive years from 2016 to 2018. However, the trade deficit has returned in the first two months of this year. Associate Professor Pham Tat Thang, senior researcher of the Trade Research Institute under the Ministry of Industry and Trade, speaks to Hải Quan (Customs) newspaper about the deficit.
Digitizing has been drastically changing the "face" of the global economy. Not standing outside the "game", Vietnam is considered as a country with great potential to strongly develop to a digital economy, if it resolves inadequacies and limitations of mechanisms and policies.
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