The Asian Development Bank (ADB)'s Asian Development and Outlook 2020 Report forecasts that Việt Nam's economic growth will reach 2.8 per cent in 2020 amid a global economic slowdown due to COVID-19. The growth was expected to increase by 6.3 per cent in 2021. Notably, the report assesses that Việt Nam is showing stronger resilience compared to similar economies. … [Read more...] about E-commerce a gateway to export Vietnamese goods
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Experts discuss Vietnam’s digital economic development post-COVID-19
The CIEM director proposed solutions for the development of the digital economy, including ensuring a safe network security environment, completing competition policies, amending tax laws to regulate digital-based activities, enhancing the effectiveness of intellectual property protection, and regulating regulations related to the labour market and social security in the digital context and infrastructure. … [Read more...] about Experts discuss Vietnam’s digital economic development post-COVID-19
European firms in Vietnam more positive about Q3 performance
HCM City (VNA) – Leaders of European businesses in Vietnam were more positive about their firms’ performance in the third quarter of 2020, according to the Q3 Business Climate Index (BCI) released by the European Chamber of Commerce (EuroCham). The index, conducted by YouGov Vietnam, rebounded in Q3, jumping 24 points to reach 57.5 – the highest score since the outbreak of the global COVID-19 pandemic. In Q1, when COVID-19 first hit international trade and investment, the BCI fell to 26 points. It saw a slight increase in Q2 as Vietnam became one of the global success stories of the pandemic. Now, with businesses able to operate with far fewer restrictions and the EU-Vietnam Free Trade Agreement (EVFTA) entering into force on August 1, the confidence of European business leaders has seen a strong resurgence, according to EuroCham. Business leaders were more positive about their own enterprise in Q3, with 40 percent describing their performance as either … [Read more...] about European firms in Vietnam more positive about Q3 performance
$815 million ready for Vietnamese startup projects
The NIC located in Hoa Lac Hi-Tech Park on an area of 3.5ha will be a gathering place for all big technology companies, providing laboratory and testing for developing new ideas and concepts. The establishment of the NIC will provide a focus point for innovative ideas and build a complete innovation ecosystem, connect all stakeholders in the ecosystem, and enjoy favourable conditions to strengthen research and sales. … [Read more...] about $815 million ready for Vietnamese startup projects
Minister promises to support startups at Vietnam Venture Summit
The Minister of Planning and Investment promised to support the Vietnamese startup community At the Vietnam Venture Summit, the Minister of Planning and Investment Nguyen Chi Dung made three commitments to the investor community. First, the ministry (MPI) will discuss and engage in dialogues with venture investors, collaborate with other ministries and agencies to develop solutions, and resolve difficulties to open up and enhance capital inflows into Vietnam's innovation ecosystem. … [Read more...] about Minister promises to support startups at Vietnam Venture Summit
