US and EU buyers to choose Vietnam as sourcing destination in 2021
Global supply chains will turn to Vietnam, India and Turkey for more diverse sourcing.
Global supply chains will turn to Vietnam, India and Turkey for more diverse sourcing.
ST24 and ST25 rice varieties are expected to become state assets, ensuring mass production in Vietnam.
Despite Covid-19 impacts, Vietnam’s trade turnover with the Americas rose by 16% year-on-year in 2020 to US$111.5 billion.
The will of the Vietnamese and US people has not only contributed to the end of the war between the two countries, but also further strengthens the bilateral relations in the future.
In case the US can fully disburse the entire US$1.9-trillion stimulus package, Vietnam’s GDP could expand by an addition of 0.76 percentage points.
Among US’ leading suppliers of textile and apparel, China continues to lose its market share (33% in 2019 to 28% in 2020) while Vietnam is the largest gainer (13% to 15%).
The US$2-billion IPO would make it the largest-ever listing by a Vietnamese company in the US.
Vietnam would be the second fastest growing economy in ASEAN.
There are only bad omens for the future of ties among the US, China and Russia.
Vietnam, however, remained the third highest ranking among low-middle income countries in the index, staying behind the Philippines [16th] and Indonesia [17th].