According to Dr. Vu Tien Loc, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI), the EVFTA is expected to be one of the important driving forces and ways for businesses and the economy, including Vietnam, to endure the pandemic as well as regain growth momentum.
Vietnam’s first half growth demonstrates the underlying strength of the economy, which will provide a platform for the country's growth once its new COVID-19 outbreaks are contained, said Stanley Chou, Chair of the Vietnam Enterprise Investments Limited (VEIL).
Vietnam’s peppercorn exports to Germany face various obstacles due to the ravages of COVID-19 in many countries across the globe, according to the Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade.
Vietnam intends to issue a new decree to regulate cross-border e-commerce deliveries amidst the e-commerce boom.
After the EU-Vietnam Free Trade Agreement was put into place one year ago, Vietnamese businesses have begun to optimise opportunities brought by the deal.
Some of Vietnam’s major export products are threatened to lose access to their usual markets as ocean freight costs continue to skyrocket.
Vietnamese agricultural product exporters that want to establish long-term business relationship with the UK need to have appropriate strategies, and approach potential partners in order to take advantage of export opportunities to this important market – the second biggest economy in Europe, advised Nguyen Canh Cuong, Vietnamese Trade Counselor in the UK, at a recent consulting webinar.
As an active member of the Association of Southeast Asia Nations (ASEAN) and a reliable partner of Russia, Vietnam is ready to serve as a bridge connecting Russia and the Eurasian Economic Union (EAEU) with ASEAN nations, Vietnamese Minister of Industry and Trade Nguyen Hong Dien said.
While the investment flow from traditional partners has shown signs of slowing down, the exploration of new markets will help Vietnam maintain success in attracting foreign investment.
Vietnam will promote cooperation with partners in the ASEAN Smart Cities Network (ASCN) while working with relevant agencies and localities to increase development chances, especially technological application in the COVID-19 fight, the Ministry of Construction said at the fourth annual meeting of the ASCN which was held in the form of videoconference on August 30.
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