The Ministry of Industry and Trade (MoIT) and the Italian Ministry of Foreign Affairs and International Cooperation have signed an agreement to establish a new Joint Commission on Economic Cooperation.
Vietnam's GDP in the third and fourth quarters will grow better than it did in the first half of the year as the country still has ample space for growth, a press conference in Hanoi on June 29 heard.
Minister of Industry and Trade Tran Tuan Anh has signed Circular 11/2020/TT-BCT on rules of origin in the European Union - Vietnam Free Trade Agreement (EVFTA).
The Asian Development Bank (ADB) recently forecast that Vietnam's economic growth this year would be 4.1 percent, 0.7 percentage points lower than its April estimate but still the highest expected in Southeast Asia.
The development of industrial zones needs a comprehensive plan to capture the transition of the foreign direct investment (FDI) inflow spurred by trade wars and the COVID-19 pandemic in which Vietnam has significant opportunities to become the next global factory.
The government has recently issued Decree No.56/2020/ND-CP on management and use of official development assistance (ODA) and concessional loans granted by foreign sponsors to Vietnam.
According to the 2019 Provincial Competitiveness Index (PCI) recently released by the Vietnam Chamber of Commerce and Industry (VCCI), Vietnam's business environment has improved significantly compared to the previous years.
With 64.58 points, the northern province of Ninh Binh has slipped ten positions to 39th out of 63 localities nationwide in the Provincial Competitiveness Index (PCI) in 2019.
Ninh Binh's exports fell 30.3 percent from the same month last year to 134.8 million USD in April.
The northern province of Quang Ninh remains the most economically competitive province in Vietnam for the third consecutive year, followed by Dong Thap and Vinh Long in the Mekong Delta.
Vietnam's export value saw a year-on-year increase of 4.7 percent to an estimated 82.9 billion USD in the first four months of this year, according to the General Statistics Office (GSO).
Viet Nam has exported 415.7 million cloth masks, fine dust masks, and two-layer cotton masks worth US$ 63.19 million since the beginning of 2020, the Viet Nam Customs reported.
Total foreign investment inflows recorded a year-on-year decrease of 14.5% to US$12.33 billion as of April 20, according to the Ministry of Planning and Investment.
According to the latest report of Ninh Binh Animal Husbandry and Veterinary Authorities, no African Swine fever disease outbreak in 100% of communes and wards in the province for 40 past days.
The total amount of development investment in northern Ninh Binh province exceeded 4.94 trillion VND (210 million USD) in the first quarter of 2020, up 6.8 percent year-on-year, according to the provincial Department of Statistics.
Nineteen State-owned groups and corporations under the Commission for the Management of State Capital at Enterprises incurred losses worth more than 3.7 trillion VND (160 million USD) in the first quarter due to the impacts of the COVID-19 pandemic.
Ninh Binh province's export turnover reached 313 million USD in the first two months of 2020, representing a year-on-year rise of 9.3 percent and higher than the country's average growth of 1.5 percent.
The Ministry of Industry and Trade has issued a decision to extend the application of measures on preventing evasion of safeguard duty to rolled steel and steel wire imported to Vietnam from March 22, 2020.
The northern province of Ninh Binh disbursed 1.13 trillion VND (some 47.9 million USD) of public investment in the first two months of 2020, fulfilling 50 percent of the set target.