How stealing 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

Dang Hoang Hai Anh, senior economist of the World Bank in the United States, concurred that the domestic purchasing power is a crucial factor. He stressed that before the coronavirus outbreak, an economic growth model based on the domestic purchasing power had been tabled for discussion globally. For Asian nations such as Vietnam where saving rates are high among the local people, efficiently exploiting such sources of capital could help restore the purchasing power. While focusing on the domestic purchasing power, the Government and enterprises would need to include more measures to boost consumption. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 16

In 2020, Vietnam surprised the world with its impressive control of COVID-19 and its inspiring economic growth rate of 2.91 per cent, making the country one of the world’s top 10 nations with the highest growth, and also one of the 16 most successful emerging economies on the globe in 2020. Last year, the economy’s GDP is estimated to be about VND6.3 quadrillion ($273.9 billion), up by VND263 trillion ($11.43 billion) against 2019, ranking fourth in Southeast Asia, with total export-import turnover of $543.9 billion, up 5.2 per cent on-year – fetching a record trade surplus of $19.1 billion, notably in the context of strong decline in global trade. … [Read more...] about New economic priorities for a new year

“I love street food and actually Việt Nam is known to have some of the best street food in the world. We should appreciate street vendors but organise them in a way that does not cause chaotic scenes in the urban landscape,” she added. … [Read more...] about Food streets improve vendors’ incomes, tidy up neighbourhoods

Scientific and correct awareness of the harmful effects of climate change for having practical solutions and actions is an urgent requirement. Protection of the environment in general, response to climate change and ensuring human rights in climate change policies and laws in particular, is implemented by many different measures and on basic principles, including the principle that the State recognizes and protects human rights to live in a healthy environment. … [Read more...] about Climate Change: Vietnam’s strong political commitment to protection of human rights