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Diplomatic leadership style

A hard commitment to soft power

March 3, 2021 by www.vir.com.vn

Vietnam is currently going through a growth spurt while entering an era with more modern and people-centred considerations rising in prevalence. What role does “soft power” play in GDP growth as well as regional and global success?

1533 p4 a hard commitment to soft power
Vu Ba Phu, director general of the Vietnam Trade Promotion Agency under the Ministry of Industry and Trade

Vietnam’s soft power stems from not only the promotion of its own values such as the heroic history, rich culture and traditions, and pacifist foreign policy but also the development and optimisation of a range of new positions and advantages.

Amid the difficulties of 2020, the successful dispensing of its dual role as both ASEAN chair and non-permanent member of the United Nations Security Council is testament to the successful application of soft power in Vietnam’s foreign policy. In 2020, the world lauded Vietnam’s rapid response and contributions to regional and international affairs thanks to its ability to grasp opportunities, taking the initiative in coping with dynamic situations and ensuring economic recovery while promoting multilateralism and international solidarity to get through the COVID-19 crisis.

Vietnam not only dived deeper into the global economy and made increasing contributions to shaping the ground rules of international organisations, it also prepared for further comprehensive integration. Possibly the greatest achievements were extending Vietnam’s diplomatic relations to 187 out of 193 member states of the United Nations while completing negotiating and signing new-generation free trade agreements (FTAs), making the country an integral factor in all regional and intra-regional economic links.

With these steps, Vietnam is now one of the most open economies in the world, with the ratio of foreign trade to GDP increasing from 136 per cent in 2010 to approximately 200 per cent in 2019. Amid COVID-19 shutdowns in early 2020, Vietnam was among the very few countries to achieve positive GDP growth of nearly 3 per cent.

Vietnam’s soft power is a combination of many factors and has made significant contributions to increasing its prestige and position in the regional and international arena.

Branding is a strong tool for advocacy among global stakeholders. How is Vietnam globalising its homegrown brands?

In today’s continuously evolving economy, the greater a brand’s recognition in the international market, the more strength it provides to its country. Notably, branding will play a crucial role as Vietnam steps up participation in more and more new-generation FTAs.

Recognising this, the Vietnam Value Programme, launched in 2003, is the government’s unique and long-term trade promotion programme aiming to build Vietnam’s image as a country of high-quality products and services, to increase the pride and attraction of the country and its people, and to boost foreign trade and national competitiveness.

As the programme management agency, the Ministry of Industry and Trade of Vietnam (MoIT) has been actively supporting Vietnamese enterprises to improve their capacity through business development consultancy, establishing information systems, and updating branding knowledge. Promotion and public relations have also received a lot of attention to increase public and international awareness about the programme and Vietnam Value products through various channels.

The MoIT also builds and promotes geographical indications and collective trademarks from across the country in foreign markets, improving competitiveness of businesses based on a reputation for quality, environmentally-friendly production, and professionalism, thereby consolidating the position of Vietnamese brands globally.

Thanks to the support of the programme, many Vietnamese corporations and businesses have become aware of the importance of branding. Enterprises have gradually learned to promote their brands professionally, improving their competitiveness and reaffirming their position in the domestic and foreign markets.

Many outstanding Vietnamese brands have resonated with regional and international consumers and partners. For example, Viettel is in the globe’s top 15 in terms of mobile subscribers and the top 40 in terms of revenue. Meanwhile, Truong Hai Auto Corporation is gradually rising to the top position in the ASEAN region and state-owned Khanh Hoa Salanganes Nest One Member LLC has the largest swiftlet exploitation output. TH Group is the first Vietnamese company to successfully penetrate the Chinese market, the second-largest dairy consumption market in the world.

All these successes by individual brands have been continuously raising Vietnam’s national brand to a stronger global position.

How has COVID-19 impacted Vietnam’s international relations?

The far-reaching impacts of the COVID-19 pandemic have pushed many countries into a health and economic crisis. Despite the unprecedented challenges, Vietnam has been one of the world’s success stories in getting the outbreak under control, maintaining socioeconomic stability, and promoting bilateral and multilateral diplomatic activities. The initial great successes in the fight against the COVID-19 pandemic were due to the successful combination of the nation’s strength, in which soft power played a significant role.

Vietnam has proactively deployed its diplomatic strategy to orchestrate COVID-19 response, committed and stood ready to share information, and donated medical supplies to countries in need. The message of leaving no-one behind is one of the most vivid demonstrations of Vietnam’s wielding of soft power, proving the Vietnamese spirit of solidarity. That humanitarian spirit is also reflected in the help provided to overseas Vietnamese to return or the messages foreigners have posted about how fortunate they feel to be staying in the country during the outbreak.

Its effective anti-pandemic policies, along with the responsibility and dignity Vietnam has shown on the international stage, have been highly appreciated by international friends.

How will this successful use of soft power be turned into economic gains?

With the efforts of the government and the collaboration of the Vietnamese people to prevent and control the pandemic, Vietnam is now well-known as a safe country. This renown makes it easy for Vietnam to draw international investment, events, and tourists, which bring great opportunities for economic development.

Not only that, Vietnam has succeeded in turning the challenges of the COVID-19 crisis into advantages to enhance the image of Vietnamese products and national brands. Vietnam has defied the global trend with its brand value skyrocketing 29 per cent on-year, from $247 billion to $319 billion, ranking 33rd among the world’s top 100 national brands, and being the fastest-growing national brand in 2020.

Soft power is an extremely valuable asset for Vietnam to turn challenges into opportunities. In the midst of difficulties, Vietnam’s use of soft power was not weakened but became stronger than ever. Thanks to strong social consensus, national solidarity, and unity, Vietnam has gained impressive achievements which effectively improved its image in the international arena.

What are Vietnam’s goals for the next decade in terms of building up its soft power capabilities?

Vietnam aspires to achieve comprehensive innovation and extensive international integration, to become a country with modern industries and high average income by 2030, then a developed country with high income by 2045. To reach higher international stature, soft power will play an even more cardinal role, requiring efforts from the entire political system, each enterprise, and each Vietnamese citizen.

Firstly, Vietnam needs to create a systematic and long-term plan to promote soft power. It is also necessary to improve growth quality and labour productivity, and to promote creative industries, thereby improving the competitiveness of the economy as a whole.

At the same time, it is necessary to continue to preserve and promote the diverse and rich values of Vietnamese culture. Concurrently, studies and assessments by experts drawing comments from the community will also pave the way to pick out the unique, remarkable cultural elements for focused investment and development, thereby making great contributions to Vietnam’s socioeconomic development.

Vietnam should also increase its use of soft power in diplomacy. Globalisation is creating ever more complex interdependencies and in this environment, regional and global diplomacy should concentrate on leadership and mediation through softer means.

It will also be necessary to prioritise and focus investment on scientific and technological development to ensure Vietnam’s competitiveness. The creation of high-quality and highly competitive products requires proper appreciation of ICT in building national soft power as well as applying new and innovative technologies in production.

In addition to building and promoting soft power, Vietnam also needs to strengthen its hard power to create synergies, creating “smart power” in the new era to enhance integration and enhance its global strategic and economic position.

Vietnam rises in global soft power rankings

Vietnam has moved up three places to 47th in the Global Soft Power Index for 2021, which ranks the world’s top 60 soft power nations, it was revealed last week.

According to the Brand Finance report, Vietnam was the only country in ASEAN to earn an upgrade in the rankings.

Vietnam has been considered a bright spot globally thanks to the increasing value of its national brand, along with socioeconomic results reached during a tough 2020. As an obvious highlight, according to the report, Vietnam objectively managed COVID-19 extremely well. The country was spared a year of lockdowns and besieged hospitals, and has one of the lowest infection and death rates in the world.

Not only has the response to the pandemic been impressive, given its shared border with China, but Vietnam also experienced one of the highest economic growth rates globally in 2020.

Commenting on the achievement, Samir Dixit, managing director of Brand Finance Asia-Pacific, stressed that economic growth in the 21st century is all about sustained collaborations amongst various stakeholders and the correlation of perceptions of the nation brand with the brands from the country, which can truly enhance the country’s soft power, both internally and externally – something which Dixit says Vietnam seems to be managing well.

At a national level, Vietnam had established diplomatic relations with 187 out of 193 member states of the United Nations and completed the process of negotiating and signing new-generation free trade agreements, making the country an important factor in all regional and intra-regional economic links, which is a booster for Vietnam’s imports and exports.

Dixit added that the Vietnam Value Programme management agency, through the Ministry of Industry and Trade, has actively supported Vietnamese enterprises to improve their capacity through consulting business development, establishing information systems, and updating branding knowledge.

All these initiatives and efforts have helped increase the awareness of the public, international consumers, and customers about the programme and products through various domestic and international media channels.

“Thanks to the efforts of the Vietnam Value Programme, Vietnam’s processed food industry now contributes upwards of $17 billion of the country’s exports, and the apparel industry makes up over $22 billion of Vietnam’s exports. These economic contributions are absolutely crucial for Vietnam’s overall growth, its reputation, and contribution to Vietnam’s soft power,” he added.

The Global Soft Power Index covers over 75,000 respondents in 100 countries, and aggregates how the world views the top soft power nations, as well as enables a more granular snapshot of nation-to-nation attitudes. The findings are often deemed crucial for governments seeking to better manage their national brands and improves their soft power metrics.

By Van Nguyen

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Border Guard Academy responds to the tree-planting festival

March 3, 2021 by en.qdnd.vn

Major General Nguyen Anh Tuan, Political Chief of the Border Guard Command; Major General Trinh Hoang Hiep, Director of the Border Guard Academy; Senior Colonel Nguyen Thai Sinh, Political Commissar of the academy; and other high-ranking officers attended the event.

Speaking at the launching ceremony, Senior Colonel Sinh said that the academy has set a goal to plant 10,000 green trees in 2021.

The program is a meaningful activity in response  to the tree-planting festival across the country and the government’s program of planting one billion trees, as well as to build a green, clean, and attractive school.

In addition, General Sinh also asked the academy to promote information dissemination among its teachers and cadets about the importance of tree-planting and encourage them to plant more trees to beautify their barracks.

Addressing the ceremony, General Tuan said that over the past years, under the direction of the Border Guard Command, the Politics Department of the command instructed its agencies and units to work with the VietinBank branches across the countries to launch the tree-planting festival on the first days of  the lunar new year.

So far, the agencies and units have planted more than 90,000 trees.

Also, General Tuan acknowledged and hailed the efforts of the academy’s leadership and troops in fulfilling their assigned tasks in response to the tree-planting festival and the government’s program of planting one billion trees.

He added that the Political Department of the Border Guard Command and other departments will support VND 100 million for the academy in buying seedlings and tools to plant trees and care for newly-planted trees.

After the launching ceremony, over 300 officers, instructors , and cadets of the academy planted more than 300 new trees in the school.

Source: bienphong.com.vn

Translated by Quynh Oanh

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Bulgaria and Việt Nam: Charting the next decade of partnership and solidarity

March 3, 2021 by vietnamnews.vn

Việt Nam News introduces a story by Bulgarian Ambassador to Việt Nam Marinela Petkova to mark the National Day of the Republic of Bulgaria (March 3)

Bulgaria and Việt Nam are natural and close partners. Our decades-long relationship exhibits shared principles and goals for building a community of peace and prosperity for our peoples. Our lasting bilateral ties have been carefully cultivated and nowadays rest on common objectives, executed with equal strength on bilateral, as well as on multilateral level.

On March 3 Bulgaria celebrates its National Day, its liberation in 1878 from foreign domination, the end of a centuries-long struggle, which in its final stages attracted widespread international support. Therefore, it is not only an occasion to celebrate Bulgaria’s sovereignty and freedom, but also a day to reflect on the transformative power of solidarity, cooperation and common values.

Being one of the first countries to recognise Việt Nam’s right to independence, in 2020 Bulgaria and Việt Nam celebrated 70 years of the establishment of diplomatic relations. Thanks to Việt Nam’s successful effort in containing the spread of COVID-19 we were able to carry out a series of events to commemorate the anniversary as an important milestone and a testament to the endurance and resilience of a friendship that upholds its unique people-centred character.

Rallying the support of partners from state and local level institutions and agencies across Việt Nam and Bulgaria, with the help of the numerous active Việt Nam-Bulgaria friendship associations , the 70th anniversary was widely recognized through diplomatic visits and events in HCM City, Hải Phòng and Vĩnh Phúc, with B2B webinars, various cultural happenings, book publications, all culminating in the month of November with the inauguration by the Vietnam News Agency of the exhibition Việt Nam-Bulgaria: 70 Years of Friendship and Development and a friendship concert at the Hà Nội Opera House.

The Ambassador of the Republic of Bulgaria Marinela Petkova (centre) with the Vice Minister of Foreign Affairs Tô Anh Dũng (right) and the General Director of Vietnam News Agency Nguyễn Đức Lợi at the ’70 years of Việt Nam-Bulgaria Friendship and Development’ exhibition on November 16, 2020 in Hà Nội. Photo courtesy of the embassy

It was the turbulent historical events of the mid-20th century that brought Bulgaria and Việt Nam together, but it was through dedicated will and thoughtful commitment that our partnership managed to transcend tests of time to nowadays encompass pragmatic and hands-on solutions for applied diplomacy. Boasting an earnest bilateral political dialogue, consistently growing economic co-operation (yet to meet its full potential), and dynamic multi-sectoral collaboration, the current agenda of Bulgaria-Việt Nam relations has widened to include exchange on international developments and security concerns, economic engagement and socio-cultural matters, taking shape and projecting results on a larger world canvas.

While competing visions and agendas on the global order are at play now, the COVID-19 pandemic has swept the globe and demonstrated how interconnected and interdependent the world has become. It has overturned lives and livelihoods revealing some opportunities hidden in the conspicuous challenges, such as hastening the transformation of industries, digital connectivity, setting up regulatory standards and norms and pointing to the necessity of streamlining government policies for an enhanced rule-based multilateral framework.

Drawing on Việt Nam’s membership in ASEAN and Bulgaria’s membership into the European Union we ensure and witness consistency and complementarity between our multilateral and bilateral diplomacy and co-operation. In December 2020 under Việt Nam’s Chairmanship of ASEAN both organisations elevated their relationship to the level of strategic partnership, stipulating even deeper joint work on matters of politics, economy, security, connectivity, sustainable development, climate change and green growth. The institutionalisation of the EU-Việt Nam relations continued through the groundbreaking EU-Việt Nam FTA, the launch of the Partnership and Cooperation Agreement and the signature of the Framework Partnership Agreement, to name just a few.

Furthermore, the timely and effective measures for COVID-19 control taken by the Government of Việt Nam made the country a world role model, while in parallel as ASEAN Chair Việt Nam led the regional efforts in containing the pandemic and guiding the post-pandemic recovery. In Europe, Bulgaria participated in developing a common EU approach to ensure safe and free vaccination for all, and in co-ordinating on a 1.8 trillion euro recovery plan; the EU has committed more than 850 million euro to COVAX, working also to advance solidarity with international partners, including ASEAN and its member states, via ‘Team Europe’. The objective, defined as a joint EU global vision, with the substantial financial resources allocated, is “to seek a post-pandemic recovery that is sustainable, human rights-based, inclusive, green, digital, and which strengthens gender equality and boosts human development, especially for those furthest behind.”

Ambassador of the Republic of Bulgaria, Marinela Petkova, with distinguished guests at the ceremony to celebrate the 70th Anniversary of Bulgaria – Việt Nam Diplomatic relations on November 17, 2020, at Hà Nội Opera House. Photo courtesy of the embassy

Now, the emerging new norms of co-operation are integral to seeking pragmatic co-operative solutions and a drive towards inclusive multilateralism, deepening our ties on key priorities and demanding truly strategic relationships. Tackling social and gender inequalities is also essential. In that regard promoting the role and participation of women, including along the Women, Peace and Security Agenda has a vital place in both Bulgaria’s and Việt Nam’s foreign policies, with the alignment of objectives and initiatives between the programme document ‘Hanoi Commitment to Action’ , adopted in December 2020, and Bulgaria’s ‘Women, Peace and Security National Action Plan 2020-2025’ .

Pushing further the multi-stakeholder partnerships between government, society, private sector, academia, scientific community the guidelines of the 13th National Congress of the CPV aim at increasing prosperity towards a high-income Việt Nam by 2045. Transcribed into Vietnam’s Socio-Economic Development Strategy 2021-2030 they outline areas of bilateral collaboration of common significance such as economic modernisation, innovation and promoting environmentally-friendly standards, private sector development, effective institution-building, resilience to climate change and social justice.

******

Bulgaria and Việt Nam’s relationship persevered because it has been continuously adapting and developing, nowadays doing so to match and navigate the ever complex body of entwined international challenges and changing geopolitical realities. Upheld by mutual understanding and true peoples’ friendship the story of the Bulgaria-Việt Nam partnership teaches a lot about solidarity, compassion, generosity of spirit and giving back. It is the story of how diplomacy and dialogue have been instrumental in influencing and strengthening peaceful state-to-state relations.

Decades of mutual support and respect give Bulgaria and Việt Nam the confidence and the ambition to continue to work together to promote growth and ensure sustainable and inclusive national development. While we prepare for another leap forward post-pandemic both countries should continue to act as effective partners in today’s multipolar world, to propel the strategic communication through well-connected networks for dialogue – academic, cultural, social and business, and encourage their significance in state-to-state affairs. VNS

Children from Việt-Bun Kindergarten performing Bulgarian songs at the International Food Festival 2020, on December 6, 2020, in Vạn Phúc Diplomatic Compound, Hà Nội. Photo courtesy of the embassy

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Royal sisters movie gets release date after pandemic delay

March 3, 2021 by vietnamnews.vn

The poster for the movie Gái Già Lắm Chiêu V – Những Cuộc Đời Vương Giả (Camellia Sisters – Living Like Royalty). Photo moveek.com

HCM CITY — The fifth edition in a series of chick-flick movies will be released in cinemas nationwide next week, after being delayed due to the COVID-19 resurgence earlier this year.

Gái Già Lắm Chiêu V – Những Cuộc Đời Vương Giả (Camellia Sisters – Living Like Royalty) will premiere on March 12, a month after the original date of February 12, the first lunar day of the Year of the Ox.

With the pandemic controlled in much of Viet Nam , the producer MAR6 Pictures feels ready to release the movie in cinemas safely.

“Changing the film release date was a difficult decision because it disturbed the original plan, but we want to keep the audience safe and decide to delay until the viewers can safely go to the theatre to enjoy the movie,” said director Bảo Nhân.

Gái Già Lắm Chiêu V – Những Cuộc Đời Vương Giả is the fifth edition of the chick-flick series called Gái Già Lắm Chiêu (The Tricky Ladies) that was launched in 2016 by young directors Bảo Nhân and Nam Cito.

The third edition on the relationship between a woman and her mother-in-law, played by Lê Khanh and Lan Ngọc, recorded revenue of VND165 billion (US$7 million) and is one of the top 10 highest-grossing Vietnamese films of all time.

The fifth edition features late actor Hoàng Dũng in the role of wealthy Vĩnh Nghị. The film was the last he took part in before dying on February 14 from blood cancer.

Director Bảo Nhân said during the filming period, Dũng endured pain to complete the scenes. His first segment in the film was on Thiên An Hill, requiring Hoàng Dũng to ride a bicycle for many hours at night. After the filming was done, he gasped due to exhaustion.

The main filming location was a white tea garden within an ancient villa and cost more than VND2 billion ($87,000) to set up the European-style garden.

The movie was also filmed in many famous destinations in Huế in an effort to promote the beauty of local culture, tourism as well as the history of the city.

Lan Ngọc, the main actress of the previous editions, will make a come back in the fifth edition. Photo Facebook Gái Già Lắm Chiêu

Other well-known artists also contributed to the movie, including famous designer Đỗ Mạnh Cường who worked as the fashion director and singer Bùi Lan Hương who performed the soundtrack.

Camellia Sisters – Living Like Royalty focuses on the three Lý sisters belonging to the Huế aristocracy. Three famous actresses, Lê Khanh, Hồng Vân and Kaity Nguyễn, play the three sisters.

People’s Artist Lê Khanh plays Lý Lệ Hà – the scheming eldest sister in the family with a long history of collecting antiques. To look different from her role as the mother-in-law Thái Tuyết Mai in the third edition, she cut her long hair that she had grown for more than 20 years.

People’s Artist Hồng Vân, as the second eldest sister Lý Lệ Hồng is talkative, seemingly carefree but knows a lot of family secrets. She also starred in the third edition.

Kaity Nguyễn, after the big success of Tiệc Trăng Máu (Blood Moon Party) is the youngest sister, Lý Linh.

With such a lineup of big names on the silver screen, the movie is anticipated to be a bit hit and possibly surpass the success of the third edition. — VNS

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Facebook supports Vietnam’s digital transformation in first-ever program

May 28, 2020 by hanoitimes.vn

The Hanoitimes – The program is designed exclusively for Vietnam amid a rise in Facebook users in the country.

The “Facebook for Vietnam” program that puts existing and newly created programs in Vietnam under one hashtag is a way that the world’s largest social media platform has launched to assist the digital transformation in the Southeast Asian country.

Daniel Kritenbrink, US Ambassador to Vietnam. Photo: Facebook Vietnam

In partnership with the US Mission to Vietnam partners, this program is part of activities to celebrate the 25th anniversary of the Vietnam-US relations.

To be launched from May to December 2020, the campaign with the hashtag #fb4vn is a first-of-its-kind comprehensive program designed exclusively for Vietnam.

The program includes five pillars namely Innovation, Safety and Digital Literacy, Community, Cities, and Digital Economy.

#fb4Innovation covers start-up supporting initiatives, programmers, and innovation-driven campaigns.

#fb4Safety and Digital Literacy focuses on safety on social networks, including protective measures for women and children, prevention of child abuse, and digital skills equipped for youth.

#fb4Community includes initiatives to bring people together and use technology for good.

#fb4Cities supports localities in their efforts to build e-government and smart cities through coordinated programs in various fields.

#fb4Economy contributes to the business community, mostly small- and medium-sized enterprises, and promote tourism and education in Vietnam after Covid-19.

Number of Facebook users in Vietnam from 2017 to 2023. Source: Statista

“As we celebrate the 25th anniversary of diplomatic relations this year, the “Facebook for Vietnam” campaign, which further expands Facebook’s socio-economic development projects throughout the country, demonstrates both Facebook’s and the United States’ long-term commitment to the prosperity of Vietnam,” said Daniel Kritenbrink, US ambassador to Vietnam.

Nguyen Anh Nguyet, Facebook’s Vietnam Public Policy Director, said Vietnam, with a digital economy that is growing at a remarkable pace, is an important market for Facebook.

With this campaign, Facebook wants to work more closely with the government, partners, non-profit organizations, and others to help Vietnam quickly recover from the global health crisis while creating opportunities for people to build digital literacy skills, helping businesses grow and creating jobs in the digital economy, she said.

In recent years, Facebook has collaborated with different partners in Vietnam to implement projects that help boost the nation’s socio-economic growth. Such projects include #SheMeansBusiness & “Facebook Community Boost” that provided training and consultation for more than 10,000 small and medium-sized enterprises, including 6,500 businesswomen. In 2019, the “We Think Digital” program offered digital skills training to 244,813 secondary schoolchildren and 1,277 teachers in 13 provinces and cities across Vietnam.

Vietnam is among top 10 countries having the largest Facebook using community, with 47.1 million users.

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Vietnam trade gains significant achievements despite pandemic

December 17, 2020 by hanoitimes.vn

The Hanoitimes – In a difficult year amid the Covid-19 pandemic, exports remain a spotlight and lay a foundation for the economy to maintain its growth momentum coming into the next year.

While the Covid-19 pandemic continue to cause severe consequences on the economy as a whole and trade activities in particular, it could not stop Vietnam’s exports from attaining significant achievements.

Vice Minister of Industry and Trade Do Thang Hai.

Vice Minister of Industry and Trade Do Thang Hai shared the view at the Vietnam Export Promotion Forum 2020 held on December 16.

As of the end of November, Vietnam’s trade turnover reached US$489.1 billion during the period, up 3.5% year-on-year. Of the sum, exports rose by 5.3% year-on-year to US$254.6 billion, and imports of US$234.5 billion, up 1.5%, resulting in an all time high trade surplus of US$20.1 billion.

Vietnam had 31 export items earning more than US$1 billion each in the first eleven months of 2020, accounting for 92% of total exports, and six grossing over US$10 billion, or 64.3%. On the other hand, 34 items were  imported with US$1 billion, or 89.4% of total.

It is estimated that Vietnam’s export turnover could reach US$267 billion for 2020, representing an increase of 1% against the previous year, while imports are estimated at US$260 billion, up 2.6%. This would result in a trade surplus of US$7 billion for the year.

Overview of the forum.

“In a difficult year amid the Covid-19 pandemic, exports remain a spotlight and lay a foundation for the economy to maintain its growth momentum coming into the next year,” stated Mr. Hai.

“As the pandemic is set to persist for a longer period, solutions are needed for Vietnam to ensure efficient utilization of free trade deals, including the EVFTA, CPTPP or RCEP, as well as to promote the Vietnamese brands globally,” he continued.

Market expansion key for sustainable trade

Vu Ba Phu, head of the Trade Promotion Agency.

Vu Ba Phu, head of the Trade Promotion Agency under the Ministry of Industry and Trade (MoIT), said the agency plans to provide support for local traders in brand building and promoting e-commerce and IT application.

“The idea is to help them enhance resilience against the Covid-19 pandemic,” Mr. Phu said.

For Vietnam to maintain export growth of 5-10% during the 2021-25 period, the MoIT expected trade promotion activities to focus on Vietnam’s key export products, including seafood, fruits, coffee, tea, cashew, rice, rubber, textile, footwear and wooden products, among others.

“In addition to priority markets such as China, the US, EU, India, Japan, ASEAN, South Korea, Vietnam would look to penetrate new markets such as the Middle East or Africa,” he added.

Swiss Ambassador to Vietnam Ivo Sieber.

Swiss Ambassador to Vietnam Ivo Sieber said market expansion holds significant role for Vietnam to further expand trade globally.

Mr. Sieber informed that the European Free Trade Association (EFTA), comprising Iceland, Liechtenstein, Norway and Switzerland, is negotiating a trade deal with Vietnam.

Once completed, the deal can take trade relations between the two parties to a new level, Mr. Sieber said, adding he hopes the deal can be concluded next year on the occasion of 50th anniversary of the establishment of diplomatic relations between Vietnam and Switzerland.

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