With the consent of the trade committee, the European Parliament is set to vote on the trade deal and the investment protection agreement at its February session in Strasbourg.
Vietnam has moved up on the Bloomberg Innovation Index of the world’s 60 most innovative economies, but lags far behind Asian peers.
The Ministry of Finance has revealed that twelve of 136 wholly state-owned enterprises had posted losses of VND720 billion (US$30.9 million) in the first half of last year, and six others faced warnings regarding financial security.
Foreign investors pumped nearly US$700 million into the central coastal city of Da Nang in 2019, according to the municipal Department of Planning and Investment.
The European Parliament’s Committee on International Trade (INTA) on Tuesday backed the free trade and investment protection agreements between the European Union and Vietnam, paving the way for the full Parliament to cast its final vote in February.
The southern province of Dong Nai last year scrapped the licences it had issued for 531 proposed foreign projects due to slow progress.
In a report released in 2008 on lessons from East Asia and Southeast Asia and Vietnam’s future path, David Dapice and economists from Harvard seemed to sense that Vietnam’s policymaking is not based on constructive and rigorous debates. They highlighted the importance of thorough and cogent analysis in effective policy formulation.
The European Parliament’s International Trade (INTA) Committee on Tuesday passed recommendations to adopt the Viet Nam-European Union (EU) Free Trade Agreement (EVFTA) with 29 delegates voting in favour, six opposing the motion and five abstaining.
Prime Minister Nguyen Xuan Phuc put emphasis on the need for long-term solution to create new drivers of growth and economic impetus to help the country escape the middle-income trap, especially as ageing population has already been underway.
The Ministry of Finance has asked its Price Management Department to keep a close watch on market supply and demand as well as price developments, especially of essential goods, during the Tet (Lunar New Year) holidays.