Asean

Vietnam has adopted policies and specific measures to develop culture, society, and human resource, and improve people’s lives. Activities have been carried out to care for revolutionary contributors, build new rural areas, generate jobs, reduce poverty, and allocate resources for projects benefiting ethic minority people. … [Read more...] about Welcoming a new spring with confidence

Particularly, on the sidelines of the Seoul G20 Summit, the Vietnamese prime minister was the only ASEAN leader invited by the United Nations Secretary-General to participate in and make a speech together with some countries’ leaders at the Millennium Development Goals forum. This has reflected the fact that the United Nations and the international community have highly valued Vietnam’s development experience and active role in contributing to solving global issues. … [Read more...] about Comfortable with leader’s baton

At the World Economic Forum (WEF), Vietnam was considered as the economy with the best improvement in ranking in the Global Competitiveness Index. Vietnam’s Competitiveness 4.0 rose by 3.5 points from 58 points to 61.5 points, higher than the global average of 60.7 points and climbed by 10 notches from the 77th place to 67th place as eight out of 12 pillars increased and went up by several notches. According to the World Intellectual Property Organization’s ranking, Vietnam gained three notches in the Global Innovation Index (GII) with six out of seven pillars rallying. The WEF’s tourism competitiveness of Vietnam advanced four notches from the 67th place to the 63rd place with a slight increase of 0.12 points from 3.78 points to 3.9 points. The World Bank’s Ease of Doing Business Index also recorded an increase of 1.2 points from 68.6 points to 69.8 points with five out of ten indicators increasing. Many areas have undergone strong reforms, such as tax … [Read more...] about Vietnam’s business environment strongly improves

Chairman of the Vietnam Textile and Apparel Association Vu Duc Giang How did the Vietnamese textile and garment industry fare in 2019 and what are some of the new targets? It was considered a particularly difficult year for the industry, with many unpredictable market fluctuations and an ongoing trade war. Vietnam’s textile and garment export turnover did not reach $40 billion as expected, but it still maintained a good growth rate at 7.5 per cent on-year. Currently, Vietnam’s textile and apparel industry is ranked third in the world in terms of exports, following China and Bangladesh, and ranks the largest in the ASEAN. … [Read more...] about Textile sector set for success

Singapore (VNA) – Vietnam is the fastest-growing digital economy in the region, largely due to investment inflow which is still on an unprecedented rise, The Business Times has reported. “Over the last four years, approximately 1 billion USD in funding has poured into Vietnam's e-commerce sector, reaching a record high in 2019,” the Singapore-based news outlet said. The last two years has seen the emergence of Vietnamese e-commerce players, such as Tiki, Thegioididong and Sendo, which are among the most successful e-commerce platforms in the region, it said. According to the report "Vietnam's booming e-commerce market" released by ISEAS Yusof Ishak Institute last week, the greatest potential of Vietnam's e-commerce sector can be seen via its enormous expansion, which is predicted to reach 15 billion USD in terms of revenue in 2020. In revenue terms, Vietnam’s e-commerce surged 30 percent in 2018 to reach a new high of about 8 billion USD. User penetration … [Read more...] about Singaporean outlet names Vietnam fastest growing digital economy