EVFTA provides a means of market diversification for EU and Vietnamese businesses.
Vietnam is boosting its diplomatic activities in hope of attracting more investment and expanding its trade in the global market, with many of the country’s major partners about to open their doors to the world again.
Businesses and investors are expected to access new positive changes when the amended Law on Investment and the amended Law on Enterprises take effect from January 1 next year. Vaibhav Saxena and Le Tuan Anh, lawyers at Vietnam International Law Firm, delve into how vital modifications in the new laws can leverage investment inflows in the future.
Inflationary pressure in the remaining six months would be insignificant as the oil prices are unlikely to surge, which is a result of a possible global economic recession.
Amidst the new wave of foreign investment and relocation after the pandemic, director general of the Ministry of Planning and Investment’s Foreign Investment Agency Do Nhat Hoang explained to VIR’s Nguyen Huong Vietnam’s outstanding advantages and how it can seize arising opportunities.
A new wave of foreign direct investment driven by global uncertainty such as the US-China trade war and the COVID-19 pandemic is imminent in Viet Nam, and it will have a much bigger impact on the economy than previous FDI inflows, according to investment fund VinaCapital.
Fitch Solutions have revised up its 2020 real GDP growth forecast for Viet Nam slightly to 3 per cent, from 2.8 per cent previously.
Prime Minister Nguyen Xuan Phuc has asked relevant ministries, localities and organisations to increase the enforcement of the Law on Supporting Small and Medium – Sized Enterprises (SMEs) to create favourable conditions for them to overcome the difficult time and develop their business.
Nguyen Hong Quan, chairman of the Institute for Circular Economy Development (IECD), said that the institute will contribute to the achievement of 17 United Nations Sustainable Development Goals, which is also Vietnam's promise for further international integration.
While the inflationary pressure, especially driven by hikes in prices of oil and food, devalues some currencies, Vietnam’s inflation target would remain unchanged.