Việt Nam News

The long-awaited trade deal - the Regional Comprehensive Economic Partnership (RCEP) for ASEAN and partners was signed in November. RCEP has given Việt Nam and other ASEAN countries opportunities and challenges. Ms. Nguyễn Thị Trà My, vice chairwoman and CEO of The PAN Group – a Vietnamese agriculture and food company talks about the issue.

Since its entry into force on August 1,  the European Union (EU) – Việt Nam Free Trade Agreemet (EVFTA) has brought first success, reflected by the strong growth of Việt Nam’s exports to the EU in recent months and opened significant opportuities for the sustainable development in the bilateral trade.

The banking sector is still worth an investment in 2021 on expectations the Vietnamese economy and business community will recover as the pandemic is under control, experts have said.

Though COVID-19 has hampered exports, the agricultural sector remains confident of achieving this year’s export target of more than US$41 billion.

Deputy Minister of Industry and Trade Đỗ Thắng Hải has called the export of local goods through the distribution network of foreign retail groups an efficient and sustainable export channel.

With the RCEP signed in November, ASEAN countries and their partners will join the world’s biggest trade deal. After many years of preparation and negotiations, the agreement will bring more opportunities, as well as challenges to its members. Let’s hear from one Vietnamese company about what they think of this huge deal.

A fair featuring products meeting criteria of the One Commune, One Product (OCOP) programme in Việt Nam’s southern region is being held in Vị Thanh City of the Mekong Delta province of Hậu Giang.

Shares tumbled on Thursday as market fluctuated amid the news Việt Nam was labeled as currency manipulator by the US.

Vietjet is giving away 10 million tickets with an all-in price of VNĐ555,000 (US$24) from now to the end of this year to celebrate the nine-year anniversary of the first flight's departure.

Việt Nam's exchange rate control, as part of its general currency policy, aims at keeping inflation in check and stabilising the macroeconomy. The country does not intend to create unfair competitive advantage in international trade, said the State Bank of Vietnam (SBV) this morning in a response to a report by the US Department of the Treasury in which it listed Việt Nam and Switzerland as currency manipulators. 

Five exhibitions, the Vietnam International Machinery Fair, Vietnam Supporting Industry Fair, Vietnam International Retailtech and Franchise Show, Vietnam International Premium Products Fair, and Vietnam International Maternity Baby and Kids Fair, opened in HCM City on December 17.

Unilever Vietnam was honoured in the Top 10 Sustainable Businesses in Việt Nam in 2020, evaluated by the Vietnam Business Council for Sustainable Development (VBCSD) based on Corporate Sustainability Index (CSI).

Vietnamese shares set a new record high in one year on Wednesday, propelled by buoyant banking stocks.

Amazon Global Selling has announced plans to set up a seller centre in Vietnamese language and a new dedicated global selling support team in Hà Nội.

The Asian Development Bank (ADB) on Wednesday signed an US$8 million loan deal with Imexpharm Corporation to help the company sustain its production of generic medicines despite global supply disruptions caused by the COVID-19 pandemic.

Representatives of PNE Group of Germany and the People’s Committee of central Bình Định Province met on Tuesday to discuss an offshore wind power project in the locality.

The internet had made positive contributions to the overall socio-economic development of the country since Viet Nam connected to the Internet for the first time 20 years ago, said Nguyễn Huy Dũng, Deputy Minister of Information and Communications, at Internet Day 2020.

Standard Chartered Bank Vietnam has announced that it has obtained a first-time rating from Fitch at BB and BBB- for its long-term issuer default foreign currency rating and local currency rating respectively. The outlooks on these ratings are stable.