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The European Parliament is urging swift ratification of the EU-Vietnam Investment Protection Agreement by the EU member states’ parliaments, paving the way for larger waves of high-quality investment into the Southeast Asian market.
Though yet to raise their comprehensive partnership to a strategic level, Vietnam and the United States have laid out fresh momentum in a new landscape for both nations to beef up their multi-faceted relationship.
An escalation of the health crisis is showing no signal of stoppage, prompting the central government to beef up the country’s vaccine-related diplomacy activities in order to soon bring the economy back to rapid and sustainable growth.
In mid-August, Dutch Lady from the Netherlands’ giant milk producer FrieslandCampina has joined hands with the Ministry of Health’s Department for Medical Examination and Treatment to present more than 100,000 glasses of milk to doctors from Hanoi who left for the southern region to fight against the COVID-19 pandemic.
As real estate tickers have been more appealing these days, investors are keen on which are the best bet in the forthcoming months.
With snail-paced disbursement of public investment since the beginning of the year affecting the national socioeconomic development, the government has urged ministries and localities to greater efforts, warning that slow projects will have their capital transferred to more efficient ones, in addition to several sanctions for violators.
Despite massive challenges, Vietnam’s trade landscape is slowly gaining momentum thanks to a bit-by-bit recovery in local production and gradual reopening of many foreign markets, promising a brighter export-import picture for the country until the year’s end.
Despite huge spending from state coffers on supporting both individuals and enterprises, Vietnam has nevertheless controlled public debt over the past five years, with the country’s financial security and also debt quality ensured.
Vietnam and the United Kingdom are expecting to cash in on bonanzas from their fresh bilateral free trade deal, which is believed to be the key driving force for both nations to improve their trade and investment cooperation.
The first session of the 15th National Assembly is expected to set Vietnam’s average annual growth rate of 6.5-7 per cent from now until 2025. To this end, one of the key solutions will be supporting enterprises to overcome tough times and creating new space for private businesses to flourish as a really important propellant of the economy.
Vietnam witnessed a major financial surplus in 2019 according to new official calculations, with the latest picture in the state’s assets, debts, and capital freshly revealed and demonstrating the health of state coffers.
The Vietnamese economy has proved to be resilient so far this year, with its relatively positive performance. Andrew Jeffries, country director for Vietnam at the Asian Development Bank (ADB), talked with VIR’s Thanh Thu about the economy’s prospects, underlining measures proposed by the government to achieve its task.
The media in Vietnam has been playing an active role in supporting the business community, developing a healthier investment environment, and helping the government in formulating sound policies in favour of the public and enterprises.
The prime minister has ordered a series of sturdy actions to fight against COVID-19 and spur on local production, as people look to the government for protection with the spectre of the pandemic looming yet again.
Production activities in Vietnam are on the rise, promising to further spur on economic growth. Andrew Jeffries, country director for Vietnam of the Asian Development Bank, talked with VIR’s Thanh Thu about the economy’s outlook this year, and proposed solutions.