Việt Nam jumped 23 places from last year to reach 58.8 points, ranking 105th place in the economic freedom index this year. The Heritage Foundation has released the 2020 Index of Economic Freedom report.
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The European Union (EU)’s lockdown of its borders to the stop the spread of the novel coronavirus (COVID-19) pandemic had not yet had a significant impact on goods circulation, an official from the Ministry of Industry and Trade said to Việt Nam News Agency.
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Recently, the COVID-19 epidemic has badly affected economic and trade cooperation activities between Vietnam and other countries, including cross-border import-export activities between several Vietnamese northern border provinces and China’s Guangxi and Yunnan.
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The US is one of Việt Nam’s largest sources of goods and its imports are increasing, according to the General Department of Customs. Last year the imports were worth US$14.36 billion after rising by 18 per cent.
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Local enterprises have urged the Government to soon activate support policies to help them overcome difficulties in production and business due to the novel coronavirus (COVID-19) pandemic.
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According to statistics of General Department of Vietnam Customs, the export turnover increased sharply compared to imports in the first two months of 2020.
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The Ministry of Finance has submitted to the Government a five-month extension of value-added tax (VAT), personal income tax and land rent fee payments for those affected by the COVID-19 epidemic.
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The General Department of Vietnam Customs has sent an announcement to provincial Customs Departments to check electronic C/O form D (e-C/O form D) via the ASEAN Single Window mechanism.
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A survey on business performance of garment and textile companies in 2019, recently released by SSI Securities Corporation shows remarkable impacts of US – China relations on the business performance of these companies.
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Việt Nam’s 12 priorities as ASEAN Chair in 2020 were approved by other member countries at the 26th ASEAN Economic Ministers (AEM) Retreat and the ASEAN Business Advisory Council (ASEAN-BAC) Consultation Meeting on Tuesday.
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