Vietnam among very few countries to post GDP growth rate of 2.5-3 percent, and the signing of the Regional Comprehensive Economic Partnership (RCEP) agreement in 2020 when Vietnam assumes ASEAN Chairmanship are among the top 10 domestic economic events in the year. The following are the ten outstanding events as selected by the Vietnam News Agency.
Vietnam’s diplomatic sector overcame numerous challenges throughout 2020 to create, grasp and optimise new cooperation opportunities, thus contributing to the country’s progress towards development, stated Deputy Prime Minister and Foreign Minister Pham Binh Minh.
With the opening of a modern cable car by the Sun Group this year, Tay Ninh province was expected to witness a boom in tourism. Due to COVID-19, however, the number of visitors has fallen this year, presenting a major challenge for the development of the province’s tourism industry.
Export revenue in 2020 is estimated to reach 267 billion USD while imports are to reach 260 billion USD, resulting in a trade surplus of some 7 billion USD. Experts said 2020 has been a tough year for all economic sectors, but foreign trade has been profitable.
Ly Son Island district in central Quang Ngai province had secured a reputation as something of a “tourism haven” by welcoming thousands of domestic and foreign visitors in recent years. 2020, however, has been a tough year for the island’s tourism sector, given COVID-19 and recent storms and flooding.
Vietnam’s textile and garment exports is set to fall 15 percent to 34 billion USD this year, the first drop in 25 years, over Covid-19 impacts. With the Covid-19 situation remains serious in the U.S. and some European countries, exports to these markets will continue to face difficulties due to a shortage of orders, the Ministry of Industry and Trade said in a recent report.
Vietnam posted a trade surplus of 20.1 billion USD in the first 11 months of this year, the highest on record, despite the adverse impacts of the COVID-19 pandemic on the global economy.
The third Congress of the Party Organisation of the Central Enterprises Bloc (CEB) opened in Hanoi on October 20 with the participation of nearly 293 delegates.
The 16th Party Congress of northern Hai Phong city for the 2020-2025 tenure wrapped up on October 15 afternoon, issuing a resolution that targets an average growth rate of 14.5 percent annually for the period.
The 11th Congress of the Ho Chi Minh City Party Organisation for the 2020-2025 tenure opened on October 15, with 444 delegates taking part.
Since victory over the US on April 19, 1975, Binh Thuan province has been in a period of change and development. Over the past 45 years, the army and people of Binh Thuan have continued to build a prosperous homeland and improve the livelihoods of local people here.