In addition to attracting more Romanian investments, Vietnam is seeking to increase cooperation with this European nation in research and development, and oil and gas projects, with a focus laid on AI.
The economic links between Germany and Vietnam continue to be intensified thanks to the free trade deal with the EU, and with the former willing to assist the latter in green development in particular.
During his state visit to Vietnam last week, Indonesian President Joko Widodo and Vietnamese counterpart Vo Van Thuong proclaimed their strong commitment to elevate investment ties via a series of new solutions including facilitation of businesses to diversify investment and business forms in their respective markets.
Inspired by recovering goods export activities since the remaining months of 2023, the Vietnamese government will expand markets to boost shipments this year and beyond.
The government is further eliminating business regulations and providing more fiscal support to ameliorate the economy’s competitiveness.
With a view to boosting economic cooperation, including expansion of exports and attraction of more investment, diplomatic economic activities will continue to be amplified, according to the Ministry of Foreign Affairs.
With a long-awaited resolution adopted by the legislature, Vietnam now has a legal framework for applying top-up corporate income tax under a new international system.
A slew of cooperation deals have been clinched between Vietnam and Beralus, expected to help revitalise investment and trade activities between both nations.
The government is being urged to find ways to improve the country’s labour productivity, which is a large condition for attracting more high-quality investment, which is now on a downtrend.
Vietnam has been slow in disbursement of official development assistance and foreign concessional loans this year, the government has acknowledged.
Technology prowess has brought multiple advantages to investors in the stock market, yet more perks are set to come in the forthcoming months.
ASEAN member states are pushing to upgrade agreements on the trade of goods and investment cooperation to help expand intra-bloc ties.
Vietnam’s weaker manufacturing performance has depressed imports of production inputs, with meagre global demand continuing to affect the country’s trade prospects.
The domestic export landscape is deemed to be on the right tack, but barriers remain up ahead in terms of overseas markets, which have dampened the situation over recent months.
An upgrade for a free trade deal between ASEAN and India is set to increase both countries’ trade turnover, as well as Indian investment into the Southeast Asian market.