While free trade agreements do open up huge export opportunities, tariff preferences only truly deliver efficiency when businesses meet increasingly stringent requirements in terms of quality, environment, and traceability, a training workshop heard in HCM City on July 16.
Strengthening supporting industries is essential to enhancing Việt Nam''s industrial competitiveness, increasing localisation and reducing reliance on imported inputs, officials and industry leaders said at a forum in HCM City on July 2.
The initiative is seen as a strategic move to support the private sector in increasing its international presence in a more comprehensive, effective and sustainable manner.
Looking back, from a poor, war-torn and underdeveloped country, Việt Nam has travelled a long and challenging path yet proud with far-reaching achievements that have strengthened the country’s economic capacity, social resilience and international standing.
From an underdeveloped economy, Việt Nam has grown into one of the world’s 32 largest economies with its economic scale expanding nearly 100 folds since 1986 and per-capita income from below $100 to nearly $5,000.
Professor Vũ Minh Khương of the Lee Kuan Yew School of Public Policy in Singapore, talks about the challenges, opportunities and solutions needed for the private sector to become a driving force for the country’s development.
WTO membership has not only reshaped Việt Nam’s economy but also elevated its standing on the global stage, driving growth, fostering innovation and unlocking new opportunities for international trade.
Việt Nam will keep boosting integration and regional financial connection in ASEAN, while promoting deeper links for the region with sustainable development and better resilience.
This business workshop brought together members of key government, business and investment communities for peer-to-peer sharing of the most d legal regulation on emission reduction, corporate experiences towards net zero, and to discuss concrete opportunities for enabling green transformation in...
Nguyễn Anh Dương, director of the Department for General Economic Issues and Integration Studies, talks with Việt Nam News reporter about impacts of businesses'' ESG practices on the process of the country''s circular economy development and what circular economy policies mean...
Amid international economic integration, it is vital for farm producers and retailers to meet internationally recognised standards to gain access to local and international markets, experts said.
Since joining the World Trade Organisation (WTO) in 2007, Viet Nam has engaged in more than 500 bilateral and multilateral agreements in various fields, including seven free trade agreements (FTAs).