Lindsey Ice, senior economist from Spanish-based FocusEconomics, which provides in-depth global economic analysis Since the doi moi policy started in 1986 and more recently through its accession to the World Trade Organization in 2007, Vietnam has become a success story of robust economic growth driven by trade liberalisation and global integration. Indeed, Vietnam’s opening to international commerce and FDI has undoubtedly played a pivotal role in the stellar growth it has experienced over the last three decades, which transformed it from one of the poorest nations in the world to a middle-income market economy. Its economic narrative has been one of rapid transition from an agriculture-based economy to one where manufacturing and services play a much larger role. One key way of boosting trade and economic development is through participation in free trade agreements (FTAs). Two such pacts that are slated to come into effect in 2019 and could have a profound impact on the … [Read more...] about Vietnam poised to profit from free trade agreements
Asean china free trade agreement pdf
PM backs ASEAN-China cooperation
Viet Nam News SINGAPORE — Prime Minister Nguyễn Xuân Phúc said he supports ASEAN-China efforts to develop their connectivity in terms of mutual trust, physical connections and human connections. PM Phúc made the statement at the 21st ASEAN-China Summit held in Singapore on Wednesday, part of the 33rd ASEAN Summit framework. The event also celebrated 15 years of strategic partnership between the two sides. Highlighting the importance and benefits of the partnership for both parties and for peace, stability and co-operation in the region, Phúc agreed that ASEAN and China should enhance dialogues and collaboration, as well as build mutual trust and uphold international law, contributing to the formation of codes of conduct for an open, transparent and rule-based regional structure. The Government leader said the East Sea issue remains complex, causing concern for all sides involved and possible negative impacts on regional stability. He said ASEAN and … [Read more...] about PM backs ASEAN-China cooperation
PM Nguyen Xuan Phuc backs ASEAN-China cooperation
PM Phuc made the statement at the 21st ASEAN-China Summit held in Singapore on November 14, as part of the 33rd ASEAN Summit framework. The event also celebrated 15 years of strategic partnership between the two sides. Highlighting the importance and huge benefits of the partnership for both parties involved and for peace, stability, and cooperation in the region, Phuc agreed that ASEAN and China should increase dialogue efforts and collaboration, as well as build mutual trust and uphold international law, contributing to the formation of codes of conduct for an open, transparent, and rule-based regional structure. At the 21st ASEAN-China Summit The Vietnamese Government leader said the East Sea (South China Sea) issue remains complex, causing concern for all sides involved and possible negative impacts on regional stability. He underscored that ASEAN and China should continue upholding the principles they had agreed upon, which involve boosting dialogues; building … [Read more...] about PM Nguyen Xuan Phuc backs ASEAN-China cooperation
EU – Vietnam Free Trade Agreement: Impacts and expectations
Former Minister of Industry and Trade Truong Dinh Tuyen, key expert of the EU - MUTRAP Project speaks at the workshop - Photo: mutrap.org.vn In the context of preparation for the signing and implementation of the Agreement, Central Institute for Economic Management (CIEM), in cooperation with the EU - MUTRAP, organized the workshop entitled "Consultation on potentials impacts of the EU - Vietnam Free Trade Agreement on Vietnam's economy". The workshop was held on November 2nd in Hanoi and on November 28th, 2017 in Ho Chi Minh City. The workshop created a platform for discussion and exchange of opinions and updates on the impacts of the EVFTA on different sectors and on the economy of Vietnam as a whole. Besides, the workshop identified opportunities, directions for actions as well as solutions to deal with challenges to take full advantage of the EVFTA. Opening the workshop, Mr. Phan Duc Hieu, Vice President, Central Institute for Economic Management (CIEM) said "As a comprehensive … [Read more...] about EU – Vietnam Free Trade Agreement: Impacts and expectations
Brussels workshop talks about EU-Vietnam Free Trade Agreement
Vietnamese Ambassador to Belgium Vu Anh Quang (L) and Member of the European Parliament Jan Zahradil at the workshop (Source: VNA) Brussels (VNA) – The Vietnamese Embassy in Belgium, in collaboration with the European Union (EU), the EU-Vietnam Friendship Parliamentians' Group and the European Institute for Asian Studies, held a workshop in Brussels on June 20 to speed up the signing and ratification of the EU-Vietnam Free Trade Agreement (EVFTA). Speaking at the event, Vietnamese Ambassador Vu Anh Quang stressed the positive results of economic, trade and investment cooperation between Vietnam and the EU, calling for the union’s strengthened collaboration with Vietnam and the Association of Southeast Asian Nations (ASEAN). According to him, the EVFTA is a balanced document that benefits both the EU and Vietnam and has big influences on bilateral political, economic, trade and investment ties. The agreement will help EU companies access the 90-million-people strong … [Read more...] about Brussels workshop talks about EU-Vietnam Free Trade Agreement