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.
Vietnam posted the fastest growth in Asia in 2020 and will once again be among the most outstanding performers in the region this year, according to the Hong Kong Shanghai Banking Corporation (HSBC).
The Times of India, on January 4, published an article explaining why Vietnam’s upcoming 13th party congress plays an important role in determining East Asia’s future trends.
The Party Central Committee’s Secretariat on January 5 called on the entire political system and people to tighten and follow COVID-19 prevention and control measures as the pandemic has still seen complicated developments in many countries around the world with the appearance of new and more contagious strains of the coronavirus SARS-CoV-2.
The Government has recently issued Resolution No.01/NQ-CP on key measures to carry out the 2021 socio-economic development plan and State budget estimate.
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.
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.
Experts have been optimistic about Vietnam’s economic growth in 2021 based on the latest situation, as well as the sound decisions and policies adopted by the Party and Government.
Foreign media view 2020 as a truly special year for Vietnam as the country has not only performed the dual role of ASEAN Chair and a non-permanent member of the UN Security Council (UNSC) but also done a good job of concurrently containing COVID-19 and sustaining economic growth.
Though 2020 is a challenging year for Vietnam with the rise of COVID-19, the 14th National Assembly (NA) has taken innovative approaches and managed to complete an enormous workload to fulfill all its three missions in lawmaking, supervision and major decision-making.
Vietnam Ambassador to the UK Tran Ngoc An and UK Ambassador to Vietnam Gareth Edward Ward signed the free trade agreement between the two countries on December 29 in London. The two countries’ ambassadors were authorised to sign the deal as leading officials of the Vietnam Gov't and Minister of Industry and Trade Tran Tuan Anh were unable to travel to the UK to sign directly amid Covid-19.
The Sputnik news agency of Russia recently published an article that reviewed commentaries on Vietnam posted by Russian and other countries’ press outlets, reflecting Vietnam’s COVID-19 combat and achievements in different areas, especially diplomacy and economy.
Vietnam is considered one of the 10 nations with the highest gross domestic product (GDP) growth in the world in 2020 and one of the 16 most successful emerging economies, Party General Secretary and State President Nguyen Phu Trong has said.
With a thriving economy, stable political system, and a rich culture, Vietnam has been a secure home for not only Vietnamese but also many international friends.
With the support of trade promotion activities, export markets of Vietnamese goods are increasingly expanding.
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.
Traditional brocade products in My Nghiep village have a special attraction not only because of their sophisticated and unique patterns, but also the richness and diversity of colors, designs, and types.
The Regional Comprehensive Economic Partnership (known as the RCEP), which was signed on November 15, is the largest free trade agreement in the world. While offering substantial opportunities to Vietnamese exporters, it will also make the competitive landscape even fiercer, both at home and abroad.
Vietnam posted a record trade surplus of 20.1 billion USD in the first 11 months of this year despite the adverse impacts of the COVID-19 pandemic on the global economy, according to the General Statistics Office.
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.