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Deputy Prime Minister and Foreign Minister Pham Binh Minh and Japanese Foreign Minister Motegi Toshimitsu recently discussed joint action to prevent Covid-19 infection and promote economic cooperation between the two countries.

(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.

Technology transfer and international cooperation have helped many health facilities in the city of Da Nang access state-of-the-art medicine and effectively apply it in diagnosing and treating disease.

Hanoi People’s Committee Chair Nguyen Duc Chung joined a recent online mayoral meeting within the framework of the Cities Against COVID-19 (CAC) Global Summit. 

(VEN) - The National Assembly officially examined the ratification of the EU-Vietnam Free Trade Agreement (EVFTA) at the opening sitting of the 14th National Assembly’s ninth session on May 20.

An online workshop on Vietnam-Russia economic relations in the context of new challenges was held on June 4, with the participation of a number of experts, scientists, and policymakers from the two countries.

The gross domestic product is expected to shrink 8.7% in 2020 in the eurozone due to the pandemic, the president of the European Central Bank said on Thursday.

(VEN) - The ability of Vietnamese enterprises to enjoy the advantages of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) considerably depends on their pace of reform, institutional capacity and vision. 

(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. 

(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 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.

(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. 

(VEN) - The U.S. Center for Disease Control and Prevention (CDC) has committed an initial $3.9 million to support Covid-19 activities in Vietnam.

An online trade exchange is slated to be held from May 28 to May 30 with the participation of 60 footwear importers from the US, according to the Ministry of Industry and Trade (MoIT).

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.

(VEN) - Since it took effect in Vietnam just over a year ago, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has created both pressures and opportunities for domestic businesses and sectors. 

(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. 

Covid-19 has become a global pandemic and so many countries and cities have applied travel restrictions and social distancing orders.

(VEN) - The Covid-19 pandemic is heavily affecting ASEAN economies, slowing growth, interrupting travel and tourism and disrupting supply chains and labor supply.
 

(VEN) - The 10-member Association of Southeast Asian Nations (ASEAN) and Japan have agreed to support each other in coping with the COVID-19 pandemic by focusing on easing its impact, enhancing economic flexibility, promoting export and solving problems faced by small- and medium-sized enterprises. The bloc, chaired this year by Vietnam, also discussed US aid for recovery from the pandemic with US Secretary of State Mike Pompeo.

(VEN) - U.S. Ambassador to Vietnam Daniel J. Kritenbrink announced on May 2 that his government will provide an additional $5 million to mitigate the impact of the COVID-19 pandemic on the Vietnamese economy.

Prime Minister Nguyen Xuan Phuc has called on member countries of the Meeting of the Non-Aligned Movement (NAM) to step up cooperation and share their experiences across all levels and spheres in the fight against the COVID-19 pandemic.

The Regional Comprehensive Economic Partnership (RCEP) remains on track to be signed by the end of 2020, said Singapore’s Trade and Industry Minister Chan Chun Sing on May 3.

The American economy shrank by 4.8 percent in the first quarter of the year, the sharpest decline since the financial crisis more than a decade ago as the coronavirus pandemic forced a near shutdown of the country, ending the longest expansion on record.