Global trade investment

Vietnam and Australia are both members of at least three free trade agreements, namely ASEAN-Australia-New Zealand Free Trade Area (AANZFTA), CPTPP and the Regional Economic Comprehensive Economic Partnership (RCEP). According to data of the General Statistics Office of Vietnam, last year, two-way trade between Vietnam and Australia hit 12.4 billion USD for the first time, up more than 49 percent compared with that of 2020. The value of shipments to Australia reached more than 4.45 billion USD, a year-on-year increase of 23 percent. Vietnam spent nearly 8 billion USD in importing goods from Australia, up nearly 70 percent against 2020’s figure. Vietnam's exports to Australia are growing strongly, reaching 1.38 billion USD in the first quarter of 2022, a surge of 32.36 percent against the same period last year. Sharp increases were seen in Vietnam’s export of various agricultural and industrial products to Australia, for example 84 percent in coffee, 51 percent in aquatic … [Read more...] about CPTPP helps leverage Vietnam – Australia investment cooperation

Prime Minister Pham Minh Chinh addresses the event (Photo: VNA) Addressing the event, PM Chinh underlined the need for Gia Lai to continue to keep Covid-19 pandemic under good control, while quickly completing its planning to identify its own potential and competitive advantages, and speeding up the development of its strategic infrastructure system. Gia Lai should continue to work hard with administrative reform, improve the quality of human resources, promote science-technology, innovation, diversify the supply chain and strengthen digital transformation and energy transition, he said. The Government leader expressed his hope that investors will make effective investment and long-term business in the province, ensuring harmony of interests among businesses, people and the State. He also asked ministries and sectors to coordinate with and create favourable conditions for Gia Lai to overcome difficulties, optimise its resources and promote its potential and strength for … [Read more...] about PM attends investment promotion conference in Gia Lai

The southern province of Tra Vinh will inject 450 billion VND (21.4 million USD) into preserving and developing its craft villages between now and to 2020. Under a project recently announced by the provincial People’s Committee, the locality will spend 246 billion on upgrading village infrastructure and the remaining will be used to build material zones, help businesses access technology and implement trade promotion activities. (Photo for illustration. danviet.vn) This year, the province will focus on solving environmental pollution in two seafood processing villages in Duyen Hai and Cau Ngang districts, said Deputy Chairman of the provincial People’s Committee Nguyen Van Phong, He revealed that the project aims to bring trade villages’ production value to 615 billion VND (29.3 million USD) in 2015 and 810 billion VND (39 million USD) in 2020. Tra Vinh is now home to 12 craft villages, mainly in Cang Long, Tra Cu, Hung My and Chau Thanh districts. … [Read more...] about Tra Vinh invests 450 billion VND in developing craft villages

Vietnam attended four WEF annual meetings at prime ministerial level in 2007, 2010, 2017 and 2019, and joined the WEF on ASEAN at prime ministerial level four times in 2012, 2013, 2014 and 2017. (Photo: AFP/VNA) This will be one of the major multilateral foreign relations activities of Vietnam in 2022, especially in the context that the annual meeting of this major global economic forum has been postponed over the past two years due to Covid-19, according to Ambassador Le Thi Tuyet Mai, Permanent Representative of Vietnam to the United Nations, the World Trade Organization (WTO) and other international organizations in Geneva. She said that since Vietnam and the WEF set up their relationship in 1989, leaders of both sides have paid great attention to the promotion of bilateral ties in many fields. Vietnam attended four WEF annual meetings at prime ministerial level in 2007, 2010, 2017 and 2019, and joined the WEF on ASEAN at prime ministerial level four times in 2012, 2013, … [Read more...] about Vietnam to introduce national development strategies at 2022 Davos WEF

This will be one of the major multilateral foreign relations activities of Vietnam in 2022, especially in the context that the annual meeting of this major global economic forum has been postponed over the past two years due to COVID-19, according to Ambassador Le Thi Tuyet Mai, Permanent Representative of Vietnam to the United Nations, the World Trade Organization (WTO) and other international organizations in Geneva. She said that since Vietnam and the WEF set up their relationship in 1989, leaders of both sides have paid great attention to the promotion of bilateral ties in many fields. Vietnam attended four WEF annual meetings at prime ministerial level in 2007, 2010, 2017 and 2019, and joined the WEF on ASEAN at prime ministerial level four times in 2012, 2013, 2014 and 2017. The country hosted the WEF on ASEAN in 2018, the WEF on Mekong in 2016 and the WEF on East Asia in 2010. The first WEF's Country Strategic Dialogue on Vietnam was held on October 29, 2021 in the … [Read more...] about Vietnam to introduce national development strategies at 2022 Davos WEF: Ambassador

Illustration by Trịnh Lập by An Phương The latest kids on the demographic block, Generation Z (1997 onwards), have had a lot happen in a short amount of time. This shapes their approach to life. One interesting impact of this approach can be seen in their investing habits. I recently had a chat with some of my younger friends on their financial plans and goals. The insights from the conversations were rewarding. Growing up, I was used to seeing my mother trading in gold and real estate but never in my early twenties did I consider doing the same. Not so with Gen Z. They are more sophisticated, financially, and start their investing journey very early. Anh Huy, 25, told me that he bought a small apartment and put it up for sale two months ago. “I was able to buy my first apartment with profits from trading in shares, salary from a 9-5 job and savings from my parents. I did borrow some money from the bank, but it wasn’t much. HCM City is a fast growing city and I have … [Read more...] about The rise of the savvy Gen Z investor