The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which came into force in Vietnam on January 14, will support free trade amid ongoing global trade tensions, according to HSBC Vietnam.
The biggest challenge in the agriculture and farming sector is to actually take the step to invest in new digital technologies. From a short perspective, this is associated with high costs for farmers. In the long term, however, it can increase yields and protect the environment significantly.
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At the end of 2018, Việt Nam’s Gross Domestic Product (GDP) – one of the primary indicators used to gauge the health of a country’s economy – was announced by Vietnam General Statistics Office, beating forecasts made by many international institutions.
The domestic market is expected to see considerable changes in 2019 as the Comprehensive and Progressive Agreement for Trans Pacific Partnership CPTPP becomes effective from January 14
Vietnam actively contributed to the Association of Southeast Asian Nations (ASEAN) in 2018, which will serve as the foundation for the country to perform the ASEAN Chairmanship in 2020, said Ambassador Tran Duc Binh, Vietnam’s Permanent Representative to ASEAN.
The Association of Southeast Asian Nations (ASEAN) has recorded significant achievements over the past half century, creating an environment of peace and stability for development and cooperation inside and outside the region.
The CPTPP which officially came into force on December 30 2018 is expected to provide a push for Vietnam to reform its economic institutions and further improve the business climate to optimize opportunities brought by the deal.
Vietnam’s economic growth is expected to slow down this year though it will remain a regional outperformer, according to leading global analysts.
The Government on January 1 issued a resolution setting targets for improving the business environment and national competitiveness for 2019 through to 2021.
The Association of South East Asian Nations (ASEAN) leaders and scholars are deeply cognisant of the fact that in the 21st century with the geopolitical and geo-economic renaissance of Asia, as the centre of gravity of global affairs, they could be hemmed in — between China and India.
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