The volume of cargo going through seaports has been on the increase thanks to free trade agreements (FTAs).
Export and import management agencies nationwide granted 420,000 certificates of origin (C/O) for 21 billion USD worth of goods shipped to the markets Vietnam has signed free trade agreements (FTAs) with in the first four months of 2021.
Vietnam’s economic growth is expected to rebound to 6.7 percent this year despite the recent resurgence of the COVID-19 pandemic in nearby countries, and rise to 7 percent in 2022, according to the Asian Development Bank (ADB).
Several of Vietnam’s key export sectors, such as textile-garment, leather-footwear, and electronics have become magnets for merger and acquisition (M&As) activities, posing a risk of leading enterprises in those sectors being purchased by foreign investors.
The S. Rajaratnam School of International Studies (RSIS) has recently published an article delving into what freshly elected Vietnamese leaders are going to contribute to the nation’s future development.
After its COVID-19 successes, Vietnam is well positioned to play a more energetic role on the global stage, according to the international online news magazine The Diplomat.
“Legendary story”, “Rising star”, and “Asia’s brightest economy” count among the praise from international organisations in relation to Vietnam’s economic development over recent years.
Foreign reporters have spotlighted the great role of the Communist Party of Vietnam (CPV) in the country’s development as well as achievements Vietnam achieved during 35 years of its Doi Moi (renewal) process.
International reporters have affirmed the great role of the Communist Party of Vietnam (CPV) in leading Vietnam to successes during its 35-year Doi Moi (renewal) process.
The diplomatic sector has significantly contributed to maintaining a peaceful, stable environment favourable for national development, as well as national security, according to Bui Thanh Son, Deputy Minister of Foreign Affairs.
“Doi Moi” (Renewal) policy, launched during the sixth National Party Congress in 1986, has helped Vietnam record remarkable, comprehensive and historical achievements, with a high economic growth, people’s better living conditions and stable socio-political situation, expanded foreign relations and enhanced international prestige.
Deputy Prime Minister and Minister of Foreign Affairs Pham Binh Minh has asked the Ministry of Foreign Affairs (MoFA) to keep a close watch on, and resolutely and persistently fight to firmly protect Vietnam’s sea and islands sovereignty and legitimate interests in the East Sea.
Though COVID-19 has sent the global economy into one of its worst recessions ever, Vietnam posted GDP growth of 2.91 percent in 2020 thanks to its solid control of outbreaks and timely support to both enterprises and local people.
International economic integration was a bright spot in Vietnam’s external affairs activities in 2020, Deputy Minister of Foreign Affairs Bui Thanh Son has said.
The COVID-19 pandemic has cast a long shadow and created uncertainty over the global economy. The signing of the Regional Comprehensive Economic Partnership (RCEP), however, offers a beacon of hope, as it marks a victory for multilateralism and free trade regionally and globally.
Since the Democratic Republic of Vietnam was established on September 2, 1945, the country has risen from a zero-budget nation, which had to call for contributions from citizens, to a middle-income country with a dynamic economy.