Vietnam and the United States are seeking to further cement their trade and investment ties, with the latter’s new administration.
Vietnam achieved a trade surplus of $20.1 billion in the first 11 months of 2020 as exports to the U.S. and China increased sharply.
Along with contributions in building an image for Vietnam in the international market, honouring domestic high-quality goods and services in the framework of the Vietnam Value Programme needs to improve their value for the country, including in terms of contributions to the state budget and export turnover.
Vietnamese startups need to expand their partnership network with domestic and regional firms for functioning deeper in big firms’ ecosystems, industry insiders say.
Capital by businesses incorporated in November reached VND284.8 trillion ($12.3 billion), increasing over 72 percent month-on-month and doubling year-on-year.
The 17th China – ASEAN Expo (CAEXPO) opened in Nanning of China’s Guangxi province on November 27, with leaders of ASEAN member states, including Prime Minister Nguyen Xuan Phuc, delivering speeches in the form of pre-recorded videos at the ceremony.
At its 10th session on November 11, the 14th-tenure National Assembly approved major socioeconomic targets for 2021, including GDP growth of six percent, consumer price index (CPI) growth of four percent, and per capita GDP of some US$3,700.
The signing of big trade pacts has prompted the comprehensive amendment of the law that enacted in 2005.
New trends and developments in the world economy, and specifically challenges to the global trading system, are affecting multilateral cooperation in general, and Vietnam’s international economic integration in particular. This was one of the issues tackled at the mid-November summit of Southeast Asian leaders, chaired by Vietnam.
Asia-Pacific and the continent as a whole has been and continues to attract a lot of foreign investment, having cemented its position as the region with the highest growth rates in the world, drawing in foreign investors and private equity funds by the droves.