Việt Nam had attracted a total of US$26.43 billion in foreign direct investment (FDI) this year as of November 20, equal to 83.1 per cent of the figure in the same period last year, according to a recent report from the Ministry of Planning and Investment.
Cross-border traders in ASEAN can now take advantage of a newly-launched online customs transit management system – the ASEAN Customs Transit System (ACTS) to accelerate trade in goods by road within ASEAN.
Vietnam and the United States are seeking to further cement their trade and investment ties, with the latter’s new administration.
Foreign direct investment in supporting industries is expected to spike in the coming months as more and more foreign companies establish production facilities in Việt Nam and seek to develop supply chains here, experts said.
European investors are optimistic about the prospects of Vietnam as shown by the Business Climate Index (BCI) of the European Chamber of Commerce (EuroCham) rebounding in Quater.
Vietnam will be one of the few nations worldwide to record positive economic growth in 2020 despite a global collapse in trade, travel and investment caused by the COVID-19 pandemic, according to an article recently published by the English language news media publishing group Asia Times.
Prime Minister Nguyễn Xuân Phúc requested garment-textile and footwear sectors promote the building of Vietnamese brands and supply chain linkages during a working session with the sectors’ representatives in Hà Nội on Monday.
Domestic businesses should equip themselves with necessary knowledge in order to tap opportunities from the Regional Comprehensive Economic Partnership (RCEP), advised experts.
Prime Minister Nguyễn Xuân Phúc affirmed that Việt Nam would continue partnering with APEC member economies to turn its vision and aspirations into peace, stability and happiness of people in the region.
Vietnam needs to strengthen measures to achieve the sustainable development of seafood exports to the EU market, especially after the EVFTA comes into effect, according to experts.
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