How drug trafficking affects the economy

Moreover, Vietnam has seen strong growth of foreign direct investment inflows during the past two years. The EU-Vietnam Free Trade Agreement (EVFTA) took effect on August 1, 2020. Recently, the Vietnamese government presided over the signing ceremony for the Regional Comprehensive Economic Partnership (RCEP) Agreement which is forecast to create impetus for economic growth and trade for Vietnam in particular and other RCEP signatories in general. Vietnam is expected to benefit greatly from these free trade agreements, said Dr. Tran Du Lich, member of the Prime Minister’s Economic Advisory Group. … [Read more...] about Vietnam optimistic about growth in first half of 2021

At the signing ceremony At the twinning ceremony, chiefs of the two localities signed a memorandum of understanding (MoU) and agreed on the collaboration in the time to come, following the foreign policies of the two Parties and the two States as well as the agreements on border issues signed by the two countries. … [Read more...] about Vietnamese and Lao border localities twinned

The office of the People's Committee of HCMC announced that Mr. Nguyen Thanh Phong, Chairman of the municipal People's Committee, approved the policy of reducing 50 percent of stall rentals at city-based traditional markets during the period from July to December 2020 as proposed by the Department of Industry and Trade. This department is assigned to take responsibility and coordinate with the Department of Finance to guide the People's Committees of districts to implement the policy. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 16

“I have heard some difficulties of South Korean companies in applying for licenses in Vietnam. Under COVID-19, the government has implemented various favourable policies to support companies to overcome the pandemic’s economic situation,” said KorCham chairman Kim Han Yong. “However, licensing for some large South Korean projects in Hanoi and Ho Chi Minh City have been delayed due to lack of clear legal instructions and this caused many difficulties. So we sincerely hope the government will understand this situation, and clarify guidance of regulations to local authorities.” … [Read more...] about New economic priorities for a new year

These negative impacts have a huge impact on vulnerable groups such as women, the elderly, children and people with disabilities. In the agricultural sector alone, the most obvious impact from climate change is crop failure, so the ability to re-invest and production of this subject is very difficult because they lack capital, so the poverty situation of the poor will be exacerbated under the impact of climate change. … [Read more...] about Climate Change: Vietnam’s strong political commitment to protection of human rights