Mexico-Vietnam: 45 years of friendship and cooperation

Mexico-Vietnam: 45 years of friendship and cooperation
I would like to celebrate the 45th anniversary of diplomatic relations between Mexico and the Socialist Republic of Vietnam with the readers of Vietnam Economic News with some thoughts on how economic ties between our countries have evolved and what the future holds for them.
 

Colombia, Vietnam strengthen health cooperation

Colombia, Vietnam strengthen health cooperation
(VEN) - Chief of the Ministry of Health’s Secretariat Ha Anh Duc welcomed Colombian Ambassador to Vietnam Miguel Angel Rodriguez Melo to discuss cooperation between the two countries on pandemic treatment and control.

Vietnam hopes for more ADB support: PM Phuc

Vietnam hopes for more ADB support: PM Phuc
As Vietnam is in need of resources for its production recovery, the country hopes for more support from the Asian Development Bank (ADB) to develop major fields such as infrastructure and smart agriculture, Prime Minister Nguyen Xuan Phuc said on June 22.

Digital habits on the rise in Southeast Asia

Digital habits on the rise in Southeast Asia

Covid-19 has accelerated adoption of ecommerce and contactless payments in Southeast Asia, offering opportunities for businesses to continue operating while allowing consumers to stay safe.

Counterfeit products cost EU billions each year

Counterfeit products cost EU billions each year
EU States and industry lose billions of euros each year due to the presence of counterfeit goods on the market, the European Union Intellectual Property Office (EUIPO) said in a report published on Wednesday.

Plenty of cooperation opportunities

Plenty of cooperation opportunities
(VEN) - Vietnam and India are complementary economies. To increase trade, however, the two sides need to promote cooperation in developing value chains in sectors such as textiles, garments, leather, footwear, electronic equipment, machinery and engineering, said Bui Trung Thuong, Head of the Vietnamese Trade Office in India, in a talk with Vietnam Economic News’ Thu Phuong and Nguyen Huong.

ASEAN strives to complete Indo-Pacific deal this year, India included

ASEAN strives to complete Indo-Pacific deal this year, India included
(VEN) - As the 2020 chair of the ASEAN bloc, Vietnam is making joint efforts with the other member states and six partner countries to accelerate negotiations on the Regional Comprehensive Economic Partnership (RCEP) with a view to signing it later this year in time to deal with the heavy economic fallout of the Covid-19 pandemic.

Vietnam considers how to reduce its trade deficit with China

Vietnam considers how to reduce its trade deficit with China
(VEN) - Although Vietnamese-Chinese trade has been growing, Vietnamese exports have only accounted for a small percentage of the bilateral trade value. Vietnam needs to decrease the trade deficit if it is to reach sustainable trade with this market.

EVFTA implementation especially important in post covid-19 period

EVFTA implementation especially important in post covid-19 period
(VEN) - The EU-Vietnam Free Trade Agreement (EVFTA) is expected to be ratified by the Vietnamese National Assembly (NA) during its forthcoming session and take effect in July 2020. This means economic cooperation between Vietnam and the European Union (EU) is to enter a new period with more opportunities. 

Vietnam seeks foothold in Turkish market

Vietnam seeks foothold in Turkish market
(VEN) - Although the commodity structures of Vietnam and Turkey compete with each other, Vietnamese enterprises can increase sales in Turkey if they know how to exploit the niche market, said Le Phu Cuong, Vietnamese Trade Counselor in Turkey, in an interview with Vietnam Economic News’ Thu Phuong.

China sets no growth target for 2020

China sets no growth target for 2020
China on Friday said it would not set a growth target for the current year as the country was working to ensure winning the battle against poverty. China’s Prime Minister Li Keqiang acknowledges risks facing China but lays emphasis on 6 sectors to boost economy, generate jobs.

Vietnam plays leading role in restoring ASEAN economy after pandemic

Vietnam plays leading role in restoring ASEAN economy after pandemic
(VEN) - Minister of Industry and Trade Tran Tuan Anh recently spoke with ASEAN Secretary General Lim Jock Hoi about economic recovery plans for the bloc and maintaining regional supply chains in the post Covid-19 period, as well as the next steps to cope with the pandemic. Following the discussion, the minister spoke with the media. 

Economic cost of pandemic will be enormous: SNB chief

Economic cost of pandemic will be enormous: SNB chief
Coronavirus is costing between CHF11 billion and CHF17 billion a month, putting such a strain on the Swiss economy that it will take years to recover. Swiss National Bank (SNB) chairman Thomas Jordan has predicted the worst depression since the 1930s.

German firms expect Vietnam’s medium-term economic recovery

German firms expect Vietnam’s medium-term economic recovery
(VEN) - The results of a recent AHK World Business Outlook survey on the trust of German businesses worldwide show that despite their concerns over the Covid-19 pandemic’s adverse impacts on production and trade in Vietnam, German businesses expect Vietnam’s economic recovery in the medium term.