Economy and commerce

Despite having great potential, Vietnamese rice-based products remain rudimentary and unpolished, severely hampering their ability to compete on the global market, according to industry experts.According to the Department of Agro-Processing and Market Development under the Ministry of Agriculture and Rural Development (MARD), Vietnam’s exports of ...

The State Bank of Viet Nam (SBV) is completing a legal framework to boost the development of digital banking and Fintech. According to Pham Xuan Hoe, deputy director of the Banking Strategy Institute, Viet Nam’s Fintech market will be worth US$9 billion in 2020, making it ASEAN’s fourth-largest ...

For years, German’s Federal Ministry of Economic Co-operation and Development, Savings Banks Foundation for International Co-operation have helped the Việt Nam Women’s Association and TYM with microfinance activities.Under a regional project strengthening regional microfinance networks in former Indochina and Myanmar, German helped Tình thương One ...

Việt Nam may take a global lead in rice exports for the year 2020, said Minister of Industry and Trade Trần Tuấn Anh in a report to the National Assembly on Monday (15/6).Speaking to the NA, the minister said as countries were trying to raise ...

The National Assembly has ratified the EU-Vietnam Free Trade Agreement, which will cut or eliminate 99 percent of tariffs on goods traded between the two sides.The legislature on Monday also approved the EU-Vietnam Investment Protection Agreement. Up to 94.62 percent of lawmakers voted in favor ...

Vietnam needs to fill major legal gaps and address key implementation issues to reap the full benefits of the European Union Vietnam Free Trade Agreement (EVFTA) to be ratified by Vietnam’s National Assembly in May, according to a new World Bank report.The report cites the ...

The General Statistics Office (GSO) released the 2020 White Paper of Vietnamese Cooperatives, the first of its kind, along with the 2020 White Paper of Vietnamese Enterprises in Hanoi on April 28 as a means of meeting the requirements for information from the government, managers, ...

The European Council on March 30 adopted a decision on the conclusion of a free trade agreement (FTA) between the EU and Vietnam. This decision clears the path, on the EU side, for the entry into force of the agreement.Once the Vietnamese National Assembly also ...

Việt Nam plans to develop an early warning system for trade defence by 2025, aiming to promote sustainable exports. The goal was approved by Prime Minister Nguyễn Xuân Phúc on Sunday (8/3).Accordingly, by 2025, an information technology infrastructure system, analysis software and an e-portal would ...

With the country poised to enjoy immediate tariff cuts right after the Vietnam-EU Free Trade Agreement (EVFTA) comes into effect, especially with regard to tariff reduction on agricultural processed products, there will be plenty of opportunities for local goods to enjoy competitive prices whilst exporting ...