The nations' total revenue of retail trade and services exceeded VND1.91 quadrillion (US$82.36 billion) in the first five months of this year, down 4 per cent year-on-year, a report from the General Statistics Office (GSO) showed. … [Read more...] about Viet Nam Grand Sale 2020 to open next month
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Thirdly, Viet Nam should not compete with other countries to court more foreign capital by only offering investment incentives, as this can distort resource allocation and will not have a meaningful impact in the long run. The country will be more attractive to foreign investors if it can correct its weaknesses and shortcomings, such as improving the capacity of capital absorbency, perfecting logistics infrastructure, upgrading workers’ skills and ability, and reforming institutions. … [Read more...] about Can Viet Nam could take advantage of new foreign investment strategies?
The Government of Việt Nam has been effective in containing the COVID-19 pandemic with a limited number of cases and no registered deaths. The pandemic, however, has shaken the country’s traditional resilience to external shocks with economic growth in the first quarter reaching only 3.8 per cent compared to projected growth of 6.5 per cent prior to the crisis. … [Read more...] about World Bank, Australia to help Việt Nam mitigate impacts of COVID-19 and facilitate economic recovery
The COVID-19 crisis has sharply demonstrated the importance of maintaining free and open trade and maintaining a rules-based global trading system in order to support critical supply chains and ensure regional stability. The Australian Government will therefore provide additional funding through our strategic partnership with the World Bank Group to support the Government of Việt Nam with high quality economic advice and information sharing. As we shift our focus to economic recovery, Việt Nam and Australia are working closely together on an Enhanced Economic Engagement Strategy to boost two-way trade and investment and accelerate the economic recovery of our nations and the broader region. … [Read more...] about Australia and Việt Nam: tackling the shared challenges of COVID-19
He conveyed greetings of LPRD General Secretary and Laos’ President Bounnhang Vorachith and Chairwoman of the Lao National Assembly Pany Yathotou to Vietnamese Party General Secretary, President Nguyễn Phú Trọng and National Assembly Chairwoman Nguyễn Thị Kim Ngân. … [Read more...] about Việt Nam and Laos share post-COVID-19 recovery experience