The Hanoitimes – Covid-19 has brought new challenges and opportunities to Vietnam in the 2021-25 period. Vietnam’s economic growth is estimated to reach 6.8% per year in the medium term 2021 – 2025 in the positive scenario, according to the latest forecast from the National Center for Socio-Economic Information and Forecasting (NCIF) and the United Nations […]
Read MoreThe Hanoitimes – There could be a shift in trade movement as Vietnam’s trading advantage against China is diminished given the presence of the RCEP. While the Regional Comprehensive Economic Partnership (RCEP) that covers a market of 2.2 billion people, or almost 30% of the world’s population, is no doubt a major opportunity for Vietnam exports, […]
Read MoreVietnam hopes to send 90,000 guest workers abroad in 2021, targeting markets that secure high and stable incomes. Last year, more than 78,600 workers were sent abroad, accounting for 112.3 percent of the adjusted plan due to COVID-19. Of the total, 38,891 worked in Japan, 34,537 in China’s Taiwan, and 1,309 in the Republic of […]
Read MoreThe Hanoitimes – Thanks to its successful Covid-19 containment, Vietnam saw one of the highest GDP growth rates in the world in 2020. While many headwinds still linger, Vietnam’s economic outlook for 2021 remain bright with an estimated GDP growth of 7.6%, as the country will benefit from numerous FTAs, consistent FDI inflows and a tech-led […]
Read MoreThe Hanoitimes – A zero percent antidumping rate plays an important role in the local tyre production, which is facing fierce competition from imported products of Thailand and China. The US Commerce Department (DOC) has decided against imposing anti-dumping duty on Vietnam’s passenger vehicle and light truck tires. The DOC announced the decision following its release […]
Read MoreThe Hanoitimes – A key strength in Vietnam’s business environment is the country’s proliferating membership of free-trade agreements. A low-cost manufacturing base and internal political stability are among key factors that turns Vietnam into a rising star in the region’s shifting supply chains, the Economist Intelligence Unit (EIU) of the Economist Group stated in its latest […]
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