Progress clear on Vietnam’s trade path

Progress clear on Vietnam’s trade path

After more than two decades of robust growth, Vietnam has again shown an exceptionally strong economic development in the past year. In the last 10 years, the volume of trade with the European Union has increased 2.3 times, and the EU is now Vietnam’s third-largest trading partner.
The transition to an emerging market

The transition to an emerging market

The first and most significant event in Vietnam’s economic reform policy was the passing of the Law on Foreign Investment in 1987. It was significant as it concretised the Party’s decision to develop the country through opening to foreign investment and moving to a market economy.
Flexibility desired for infrastructure

Flexibility desired for infrastructure

Governments from diverse corners of the world have harnessed the potential of foreign investment to propel their own infrastructure ambitions.
MoFA accelerating efforts in promoting the halal industry

MoFA accelerating efforts in promoting the halal industry

Vietnam is now developing its halal industry, which boasts great potential. Deputy Minister of Foreign Affairs Pham Quang Hieu spoke to VIR’s Thanh Dat about how the industry will be fostered, and how opportunities for businesses will be realised.
All measures on table to amplify UK-Vietnam trade

All measures on table to amplify UK-Vietnam trade

During the past 50 years, the economic cooperation between Vietnam and the UK has increased and made great contributions to the socioeconomic development of both countries.
Order reductions continue to hinder various sectors

Order reductions continue to hinder various sectors

Vietnam’s industrial performance faces a reduction in export demand and other hurdles that are undermining the country’s economic outlook.
Measures needed to sustain FDI growth trend: expert

Measures needed to sustain FDI growth trend: expert

Foreign investors still put their trust in the Vietnamese economy, but it is important to take measures for sustaining the upward trend in foreign direct investment (FDI), an expert has said.
Amplifying EVFTA’s origin compliance

Amplifying EVFTA’s origin compliance

The European Union has been one of Vietnam’s key trading partners since the early days of Vietnam’s economic reform period. The partnership marked a significant milestone in the history of its bilateral cooperation as the EU-Vietnam Free Trade Agreement (EVFTA) entered into effect in August 2020.
Is Vietnam missing out on foreign indirect investment?

Is Vietnam missing out on foreign indirect investment?

Vietnam’s legal framework and management mechanism related to foreign indirect investment have gradually developed to contribute to the completion and stabilisation of capital and financial markets.
Aspects to maintain investment edge

Aspects to maintain investment edge

Foreign projects in operation have made great contributions to the development of Vietnam’s economy and society.
Nuts and bolts of new personal data decree

Nuts and bolts of new personal data decree

Last month the government in Vietnam finally issued Decree No.13/2023/ND-CP on personal data protection (PDP). The decree will take effect from July; however, micro, small, and medium-sized enterprises as well as startups (excluding data processing companies) are optionally exempted for two years.
The model to offer talent a competitive advantage

The model to offer talent a competitive advantage

Despite predictions of a gloomy market outlook at the end of 2022 and the beginning of 2023, the Vietnamese labour market is experiencing optimism and change. Both workers and businesses need to rise up to adapt to these new developments.
Enhancing functionality in infrastructure

Enhancing functionality in infrastructure

Funding Vietnam’s infrastructure can yield significant rewards for foreign investors, given the country’s increasing demand for modernised infrastructure.
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