In the economic growth of 1.81 percent in the first six months of Vietnam’s economy, the agro-forestry-fisheries sector augmented 1.19 percent, contributing 11.89 percent to the general growth; industrial and construction sector advanced 2.98 percent, contributing 73.14 percent; service sector shot up 0.57 percent, contributing 14.97 percent. The main motivation for the economic growth in the first six months of this year was industrial processing and manufacturing which emerged 4.96 percent and market services. Of which, wholesale and retail mounted 4.3 percent; finance, banking, and insurance activities rocketed 6.78 percent. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES JULY 2
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By international standards, Vietnam’s response to Covid-19 was early and drastic. The opposite end of the spectrum is represented by Sweden, which did not have a lockdown or even close its schools. While there is something to be said for keeping a country’s economy and education system running, Sweden did suffer 5,280 Covid-19 deaths. The question of which approach produces the best result will no doubt be the subject of research and continued public interest. … [Read more...] about How did Vietnam dodge Covid-19?
Evidence of the strong will is the success of the growth in trade, an increase of more than 100 times in 2018 compared to 1995. From 2002 to 2011, a growth rate of 1,200 per cent was achieved, where the total investment of $1.5 billion was recorded in 2011, Vietnam reached more than $20 billion in bilateral trade. The figure stood at $75 billion last year, and $30.7 billion in the first five months of this year. As of May 20, the US had 1,032 valid investment projects in Vietnam, registered at $9.34 billion. … [Read more...] about American groups make progress across Vietnam
Addressing the event, Ambassador Le Thi Tuyet Mai, Permanent Representative of Vietnam to the United Nations, the World Trade Organisation (WTO), and other international organisations in Geneva, thanked GICHD President Barbara Hearings and the council members for their consensus to elect her to the council membership. … [Read more...] about Vietnam attends GICHD’s executive council meeting
Vietnamese firms are “overly-optimistic” about labour conditions regulated in the EU-Việt Nam trade agreement. – VNA/VNS Photo Kim Há HÀ NỘI – Vietnamese firms are “overly-optimistic” about labour conditions regulated in the EU-Việt Nam trade agreement, a Vietnam Chamber of Commerce and Industry (VCCI) official said. … [Read more...] about Firms ’overly-optimistic’ on EVFTA