Home to more than 630 million people with rapidly growing incomes, the Association of Southeast Asian Nations (ASEAN) has, over the years, become a powerful economic force and a major contributor to global economic growth.
When debating the most dynamic emerging markets globally, it’s hard to lose sight of Vietnam. Behind the scenes of its strong economic growth lies an expanding middle class with thickening wallets.
Vietnam contributed responsibly to the 2018 Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Week in Papua New Guinea from November 12-18, said Deputy Foreign Minister Bui Thanh Son.
With Asia’s business community increasingly resigned to a lengthy trade war between Beijing and Washington, Vietnam has picked up some business from its northern neighbour.
Washington’s new foreign policy buzzword, “decoupling”, has a rather bland ring, especially given the momentous phenomenon it describes – of the world’s two biggest economies, the United States and China, splitting apart.
Prime Minister Nguyen Xuan Phuc called on the APEC Business Advisory Council (ABAC) community to share experience in developing the digital economy with Vietnam while attending a dialogue between APEC leaders and the ABAC in Papua New Guinea following a welcome ceremony for APEC leaders on November 17.
Vietnam could be best able to handle a diversification of Asia’s manufacturing supply chains away from China, if the Sino-American trade relationship worsened, Credit Suisse has said.
A few days ago, on the sidelines of the 33rd ASEAN Summit in Singapore, the Economic Ministers of the delegate countries signed the ASEAN Agreement on e-Commerce.
The 14th National Assembly (NA) voted to pass a resolution on the ratification of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and related documents during its ongoing sixth session on November 12, receiving approval from 100% of the NA deputies in attendance.
National Assembly deputies voted to pass the CPTPP at a meeting on Monday afternoon, making Việt Nam became the seventh country to approve the trade deal, following Australia, Japan, Mexico, Singapore, New Zealand and Canada. Economist Võ Trí Thành speaks about the impacts of the CPTPP on Việt Nam as well as the country’s integration landscape.
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