If you take a closer look into the complementarities of our two economies, greater interdependence is really a win-win situation. These positive effects will of course only materialise if the promises and obligations of the agreements are swiftly put into practice. The benefits of the agreements will depend on the level of transparency and predictability of government behaviour in contact with business. Businesspeople and investors can be shy and have options to move elsewhere. Attracting and retaining more European FDI will require reforms and streamlining of rules and procedures. Digitalisation and access from outside of Vietnam to start and accomplish these procedures could help attract more small- and medium-sized global players. VIR … [Read more...] about How the EVFTA and EVIPA will help Vietnam lure investment
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As the US-China relationship has become worse and the trade war escalated, there have been many discussions in the US and other countries on how to ease reliance on Chinese economy and the companies from China. Nikkei reported that the Japanese government would prop up 70 billion yen to Japanese enterprises in this campaign. Prior to that, it also provided grants of 243.5 billion last April to help Japanese enterprises ease the reliance on China. … [Read more...] about Strategies for new FDI trends in Vietnam
Last but not least, that Viet Nam has been hailed as one of the countries most successful in controlling the COVID-19 outbreak at low cost, as well as its assistance and provision of medical equipment and face masks to other countries in their fight against the pandemic have helped raise investors’ confidence. This is a good opportunity for Viet Nam to attract investment and recover the economy, creating momentum for long-term and sustainable development. … [Read more...] about Can Vietnam could take advantage of new foreign investment strategies?
Hanoi (VNA) – Vietnam reported another 29 COVID-19 cases on August 9 afternoon, taking the national count to 841, according to the National Steering Committee for COVID-19 Prevention and Control. All of the new patients are related to the central city of Da Nang, the current pandemic hotspot. Of the total cases, 317 are imported who were quarantined right after their arrival There are currently 178,695 people who had close contact with COVID-19 patients or entering Vietnam from pandemic-hit regions are being quarantined nationwide, including 5,252 at hospitals, 27,798 at other concentrated quarantine facilities, and 145,645 at home. As many as 395 of the total patients have made full recovery. Among those under treatment, nine have tested negative for SARS-CoV-2 that causes the disease once, and 37 others at least twice./. … [Read more...] about Vietnam confirms 29 new COVID-19 cases on August 9 afternoon
Today is a very important day of our region as we are celebrating the founding anniversary of the Association of the Southeast Asian Nations (ASEAN) (August 8, 1967) together. Throughout 53 years of development with its historic missions stated in the Bangkok Declaration 1967 kept in mind, ASEAN has truly become an organisation representing regional countries and uniting them in friendly and cooperative neighbourliness on the basis of mutual respect and understanding to strive for peace, progress and prosperity of people. … [Read more...] about Vietnam aspires to ASEAN unity, effective coordination