FDI inflows remains spotlight of Vietnam's economy
The government has set up an FDI task force to support multinationals and foreign businesses grasping investment opportunities in Vietnam.
The government has set up an FDI task force to support multinationals and foreign businesses grasping investment opportunities in Vietnam.
ASEAN+3 countries (plus South Korea, Japan and China) would remain committed to an open and rules-based multilateral trade and investment system.
The latest step forwards for regional integration is a reminder for foreign investors that Vietnam is open for business.
Despite unprecedented challenges from the Covid-19 pandemic, bilateral trade turnover in 2020 rose by 6.6% year-on-year to US$5.1 billion.
There could be a shift in trade movement as Vietnam’s trading advantage against China is diminished given the presence of the RCEP.
Vietnam’s participation in a wide range of free trade agreements is set to open new doors for further economic growth, according to Nikkei Asia.
Trading activities were among the highlights of the economy in 2020 with an all-time high trade surplus of US$19.1 billion and contributed to a positive economic growth of 2.91%.
This special shipment will be delivered to Malaysia and Singapore, those among Vietnam’s top 10 rice buyers.
Vietnam trade policy is on right track with record high of US$544-billion turnover in 2020, in which e-commerce is an inevitable trend for local firms to access markets and increase trade value in the coming time.
Vietnam’s strong growth momentum in manufacturing is expected to continue in 2021, supported by growing external demand from trade deals such as the EVFTA, UKVFTA, and RCEP.