Vietnam jumped 12 places in the Economist Intelligence Unit (EIU)’s latest business environment rankings which measure the attractiveness of doing business in 82 countries with 91 crucial indicators.
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The conclusion of negotiations towards the signing of the Vietnam - Israel Free Trade Agreement (VIFTA) has opened up new and potential opportunities for Vietnam's exports, and now is time for businesses to understand Israeli people’s needs and tastes to promptly enter this new market, according to insiders.
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The southern metropolis of Ho Chi Minh City needs to focus on improving domestic supply capacity and key market links with the southern economic region in order to promote industrial production and maintain the industrial sector's pillar role in the economy.
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There remains an ample room for Vietnamese exports to Africa, as the country accounts for only 0.6% of the continent's total import of 600 billion USD per year, according to the Ministry of Industry and Trade, given opportunities brought about by the African Continental Free Trade Area (AfCFTA) agreement.
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With sound partnerships with Muslim-majority countries, the Halal industry will become an important field of cooperation, helping further promote Vietnam’s substantive ties with such partners and contribute to common development and prosperity, said former Deputy Foreign Minister Pham Quang Hieu.
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It is critical for the electronics industry to enhance its resilience against global shocks, take the opportunities arising from global production and participate deeply in the global supply chain.
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Foreign investors still put their trust in the Vietnamese economy, but it is important to take measures for sustaining the upward trend in foreign direct investment (FDI), an expert has said.
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Amid the fluctuation of the global financial market, the exchange rate in Vietnam has remained stable in the first four months of this year, and the Vietnam dong has been considered one of the most stable currencies in Asia, according to experts.
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The northern border gates have been restored after three years of stagnation, helping Vietnam's import-export turnover with China through the northern border provinces increase by 242% in the first quarter of this year over the same period last year.
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Vietnamese seafood are being introduced at the Seafood Expo Global that is underway in Barcelona, Spain from April 25-27.
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