Trade

Effective implementation of the OCOP program helps localities realize their potential in economic development and promote tourism, said a local official.

Competition is part of any trade deal and Vietnam is used to competition as the country is a member of 13 free trade agreements so far.

Given Vietnam’s rapid economic growth in the past few years, opportunities for US companies spread in all fields, from healthcare, aviation, to agriculture or education.

The two sides has adopted the Plan of Action for 2021-2025 that covers the formation of an economic corridor.

Vietnam's trade turnover is likely to have reached US$440.09 billion in the January–October period, up 2.7% year-on-year.

The RCEP along with other free trade agreements that Vietnam is a part of would continue to help the country become an attractive investment destination globally.

The conclusion of the RCEP is particularly meaningful for Vietnam as the ASEAN Chair in 2020, which has put much effort to help complete the long-awaited deal.

Close attention should be on the capacity of the Vietnamese economy to firm up its recovery from the coronavirus crisis, noted the World Bank.

Vietnam and Russia should further boost economic, trade, security and defense cooperation, Prime Minister Nguyen Xuan Phuc has said.

Vietnam’s textile and apparel exports in 2020 are set to decrease by 10% against 2019 to US$35 billion.