Trade - Service

E-commerce has been a spotlight of the Vietnamese economy with an average growth rate of 14% in the first three quarters of this year.

The products and services participating in the voting program will be promoted by the Organizing Board.

While FTAs are beneficial to Vietnamese enterprises, only foreign-invested firms so far are able to take full advantage of these trade deals, stated a senior government official.

Despite high economic openness and growing global uncertainties, Vietnam’s economy still maintains its resilience and is on track for a V-shaped recovery, stated economist Nguyen Minh Phong.

The government is taking a cautious view in setting its development goals for 2021, which is understandable due to lingering risks from the Covid-19 pandemic.

Three major financial institutions, namely JBIC, DFC and EFA, are committed to providing financial support for infrastructure and energy projects in Vietnam.

Major cities such as Hanoi and Ho Chi Minh City should set an example in economic recovery efforts, Prime Minister Nguyen Xuan Phuc has said.

In the East Asian and Pacific region, Vietnam ranked third after China and the Philippines.

Vietnam's trade turnover is likely to reach US$439.82 billion in the January – October period, a slight increase from the US$428.63 billion in the same period last year.

Vietnam wants to be the US’s credible and trusted partner, while trust is one of the key factors to help further the Vietnam – US comprehensive partnership.

Vietnam’s fast-moving consumer goods (FCMG) market growth returns to its pre-Covid-19 level in the short term.

The Factory Network Business Expo (FBC Hanoi) 2020 will take place on October 28-29 and is expected to see the largest transaction volume and value.

The EU-Vietnam Business Council is meant to support the Vietnamese business community to tap into the potential of the EU-Vietnam Free Trade Agreement.

Vietnam was among a handful of economies that has brought the spread of Covid-19 under control early on.

A resurgence of Covid-19 in a number of countries across the world and geopolitical tensions between major powers continue to pose major risks to Vietnam’s economy.

During the first four months of 2020, 57% of firms operating in the e-commerce market reported a 30% year-on-year decline in revenue.

Amid the current uncertainties, the government should be visionary when adopting any support programs.

Under growing uncertainties in both the domestic and international contexts, greater attention should be paid to mitigating risks facing public finance and the financial sector, stated the World Bank.

Made-in-Vietnam Goods Week aims to promote the campaign "Vietnamese buy Vietnamese goods."

To date, Vietnamese goods and products are subject to a total of 200 trade probes, in turn affecting a trade turnover of nearly US$12 billion.