Some 64% of Japanese enterprises participating in a survey intend to expand their business in Vietnam, the highest proportion among the ASEAN countries, heard attendees at a press briefing on February 14.
The Vietnamese government said on Friday it will stick to this year’s economic growth target of 6.8 percent and take steps to ease the impact of the coronavirus outbreak, another case of which was confirmed in Vietnam a day earlier.
More than 800 businesses and 8,700 employees have been affected by the novel coronavirus epidemic, according to the Ministry of Labour, Invalids and Social Affairs.
Vietnam’s gross domestic product (GDP) growth is expected to reach 6.25% this year if the outbreak of the coronavirus, officially named Covid-19, is contained within the first quarter, according to the Ministry of Planning and Investment.
With its exports to China hit by the coronavirus epidemic, Vietnam’s landmark free trade deal with the EU assumes even more importance.
Investors’ confidence in Vietnam remains positive, backed by the country’s strong performance in foreign direct investment attraction since 2019, signalling an upbeat prospect ahead amid some concerns about negative impacts of the novel coronavirus outbreak.
A bailout expected to be implemented by the government will contribute to helping the economy out of difficulties.
A majority of support from members of the EP in a voting for EVFTA and EVIPA ratification showed the EU’s confidence in the country’s reform process, said the head EU envoy to Vietnam.
Trade experts were upbeat over the EU’s decision to ratify the free trade and investment agreements between Viet Nam and the bloc while predicting a strong increase in trade and investment.
The Government should not raise the prices of any products under its management, especially medicines, fuels and electricity, in the first half of 2020 to keep the full-year inflation rate under control, stated the General Statistics Office (GSO).