Vietnam is anticipated to enjoy the highest trade and income gains among members of Regional Comprehensive Economic Partnership (RCEP), according to a latest World Bank report.
Vietnam is expected to register the highest trade and income gains among Regional Comprehensive Economic (RCEP) members, according to a World Bank (WB)’s working paper.
With the entry into force of the Regional Comprehensive Economic Partnership, Vietnam is seeing wider doors opened for it to woo investment and swell trade with foreign partners.
The implementation of the Regional Comprehensive Economic Partnership Agreement (RCEP) will enhance competitiveness in Vietnamese goods and services in the context of an import-export-dependent economy.
With the Regional Comprehensive Economic Partnership set to take effect next year, more opportunities are around the corner for Vietnam to attract more investment and expand its trade with foreign partners.
The Regional Comprehensive Economic Partnership, the world’s largest trade pact, offers Vietnamese agricultural exporters an excellent opportunity to increase their participation in global value chains, experts said.
The National Centre for Socio-Economic Information and Forecasting (NCIF) has released a forecast on Vietnam’s economic performance in 2021, with GDP growth of 6.72 percent and CPI of 4.2 percent under an optimistic scenario.
Japan's Nikkei newspaper has run a story highlighting the opportunity for Vietnam to rise stronger after the COVID-19 pandemic is completely controlled.
Vietnam’s strong growth momentum in manufacturing is expected to continue in 2021, supported by growing external demand from trade deals such as the EVFTA, UKVFTA, and RCEP.
The COVID-19 pandemic has had a heavy impact on every aspect of life in 2020, and the global economy had been especially hard hit.
2020 is of great significance to Vietnam’s economy as the country has deepened its engagement with the international community through a string of newly-signed landmark trade deals.
Vietnam successfully accomplished its role as ASEAN Chair 2020 in the context of COVID-19’s impact being beyond imagination, the Director of the Vietnam Economic Research Institute (VERI), Hiroyuki Moribe, has said.
2020 is really a special year for Vietnam as for the first time in its diplomacy history, the country assumed both rotating ASEAN Chair and non-permanent member of the UN Security Council (UNSC), according to the Sputnik news agency of Russia.