The cooperation framework would support mobilizing capital from the private sector and developing financial markets for infrastructure development, in turn helping Vietnam realize its priorities in the field in near future, said a Vietnamese vice finance minister.
Vietnam imported 39,000 cars worth US$879 million in the first half of the year, down 47% year-on-year in volume and 47.7% in value.
Under the revised regulation, local oil and petrol traders are now allowed to transfer their stakes to foreign investors but foreign ownership should not exceed 35%.
A reduction of 50% of the registration fee for domestic cars and the removal of import tariff for car parts not available domestically would help boost the domestic car market.
Olive oil, the main element of the Italian cuisine, is similar to fish sauce in the Vietnamese cuisine.
In the most optimistic scenario, Vietnam’s economy is predicted to expand 2.6% year-on-year, lower than the International Monetary Fund (IMF)'s forecast at 2.7%.
Vietnam is looking for cooperation with French companies in fields of renewable and green energies, hi-tech, agriculture, manufacturing and processing.
Right after the signing of BTA, Vietnam’s parliament initiated a process of revising more than 170 laws to ensure the compatibility of its legislation to the deal and international laws.
For this year, 24 out of 63 provinces/cities have fully disclosed information on their respective budgets, scoring 75 points and more, while in 2018, only six provinces did so.
Vietnam’s economy is expected to buck the global trend and expand by 3.0% year-on-year in 2020, being one of the best performing economies in the world in 2020.
Vietnam could widen fiscal deficit and public debt by an additional 3 – 4 percentage points of GDP without affecting the national financial security in the short- and long-terms.
Vietnam customs have identified a list of foreign goods forging Vietnamese origin that contributed to a surge in exports to the US, including bicycles, solar batteries, seafood, and wooden products.
As a particularly safe country, Vietnam is a good choice for solo travelers.
Vietnam is one of only four Fitch-rated sovereigns in the Asia Pacific that Fitch Ratings expected to post positive economic growth in 2020.
Health, local origin and looking for more online shopping experiences are the major concerns among Vietnamese consumers.
To build economic recovery and install supply chain resilience, HSBC advocates three reform planks: trade and investment flows; digital connectivity; and linking nation development projects to globally agreed sustainable development goals.
EVFTA provides a means of market diversification for EU and Vietnamese businesses.
Vietnam’s central bank is willing to increase the credit growth limits for banks from now until the end of the year to support economic growth.
Inflationary pressure in the remaining six months would be insignificant as the oil prices are unlikely to surge, which is a result of a possible global economic recession.
GV Asia aims to become a leading multi-service technology app in the Vietnamese market.
While the inflationary pressure, especially driven by hikes in prices of oil and food, devalues some currencies, Vietnam’s inflation target would remain unchanged.