The Asian Development Bank (ADB) has revised its GDP growth forecast for Vietnam down to 5.8% for 2023 and 6.5% for 2024, from 6.5% and 6.8% in April, respectively, according to the Asian Development Outlook (ADO) released on July 19.
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When the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has the UK as a new member, more cooperation opportunities will open up for Vietnam and the European country, according to insiders.
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Addressing a conference on Vietnam investment in Singapore on July 17, as part of his ongoing official visit to the country, Foreign Minister Bui Thanh Son stressed investment cooperation has become a highlight in bilateral relations, actively contributing to the socio-economic development of both Vietnam and Singapore in recent times.
Read more...Minister of Planning and Investment Nguyen Chi Dung on July 14 met with representatives of the US government agencies, organisations, businesses, investment funds and large corporations to promote cooperation in innovation and technology; research, exchange experiences and attract resources to building an international financial centre; and promote and attract investment to high-tech projects in Vietnam.
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Countries like Vietnam and Indonesia could be beneficiaries if firms start to look for low-cost production centres in Asia, particularly for labour-intensive and low-margin industries, Savills Asia Pacific has said.
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According to fibre2fashion.com, Vietnam has become the world’s leading textiles and garments exporter.
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As the global production shift intensifies, remarkable prospects for transformation present themselves within the electronic parts supply industry, according to the Vietnam Association for Supporting Industries (VASI).
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With a continuous rise in bilateral trade in recent years, Chile has become the fourth largest trade partner and one of the biggest markets of Vietnam in the Latin American region.
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That is the opinion expressed by Mr Nguyen Tuan, Deputy Director of Ho Chi Minh City Investment and Trade Promotion Center (ITPC), at the seminar "Green Logistics - from trends to practices and roles in Food Production and Exportation", organized by ITPC in collaboration with Greensys Joint Stock Company on the afternoon of June 28.
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Vietnam Free Trade Agreement (EVFTA) has opened up unprecedentedly big opportunities for Vietnamese rice export. Thanks to preferential tariffs, the shipments of fragrant and high-quality rice to the EU have reaped encouraging results.
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