Nguyễn Thị Xuân Thúy, deputy director of the industrial development centre under the Ministry of Industry and Trade, made the statement during the webinar themed 'Global Value Chains in the Time of COVID-19: The Experience of Ethiopia and Việt Nam', hosted last week by the World Bank Chief Economist Offices of the Africa and East Asia & Pacific Regions and the Finance, Competitiveness and Innovation Global Practice.
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Deputy Minister of Foreign Affairs Nguyen Quoc Dung, head of Vietnam’s SOM ASEAN, attended an online high-level dialogue on ASEAN’s recovery post-COVID-19 on July 30.
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Experts from the World Bank said Việt Nam was a rising star amid the COVID-19 pandemic, ranking the country 5th fastest growing economy.
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Vietnam attracted 3.15 billion USD in foreign direct investment (FDI) and capital for share purchases in July, representing a rise of 79.8 percent against the same period last year and 76.2 percent against June, reported the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
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The Cotton Corporation of India (CCI), which has surplus stocks of cotton ahead of the next harvest season, is trying to boost exports of cotton to Việt Nam and Bangladesh.
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Vietnam may surpass Thailand in rice export this year thanks to its competitive price and the removal of rice export quota, experts have said.
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The export turnover of agriculture, forestry and aquaculture in the first seven months of 2020 was estimated at 22.3 billion USD, a decrease of 2.8 percent year-on-year.
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Reforming administrative procedures and improving infrastructure quality are decisive factors in capitalising on the EU-Vietnam Free Trade Agreement (EVFTA), heard a dialogue between officials of Ho Chi Minh City and the European Chamber of Commerce in Vietnam (EuroCham) on July 28.
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Both Vietnam and the EU will launch a broad range of practical activities to effectively implement the European Union-Vietnam Free Trade Agreement (EVFTA) from August, with a forum on trade and industry co-operation with EU partners to be held by the Ministry of Industry and the European Chamber of Commerce in Vietnam on July 31 in Ho Chi Minh City.
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Standard Chartered Bank expects Vietnam’s growth to slow to a multi-year low of 3 percent this year on soft external demand, with external headwinds set to offset domestic outperformance.
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