F1 Hanoi is expected to be run in mid-November this year and two options are on the table. The first is without spectators and the second is with only Vietnamese spectators. A few months ago over 100,000 foreigners bought tickets for the race along with 40,000 local fans. … [Read more...] about F1 Hanoi race may debut in November
Post race press conference china 2019
The demand is clearly there and is growing. However, the main obstacles are on the supply side, given Vietnam’s relatively small size and limited resources, and a high level of dependence on China for imports. However, HSBC expected that the country has enough resources for the next 3-5 years in terms of land, labor, and electricity. … [Read more...] about Trade war, COVID-19 make Vietnam even more attractive to foreign investors: HSBC
The EVFTA will gradually over a period of 10 years remove most tariffs. The value of Vietnam’s exports to the EU is expected to rise 20 per cent in 2020 and 44 per cent in 2030. The EVFTA is likely to boost Vietnam’s GDP growth by 2.18-3.25 per cent in 2019-2023 and 4.57-5.3 per cent in 2024-2028. Bilateral agreements on the protection of foreign direct investment (FDI) are being replaced by the EVIPA. This year, Vietnam holds chairmanship of the ASEAN, reaffirming its increasing importance in the 10-nation trade union. Aligned with strengthening the ties with neighbouring states, Vietnam is pushing for more intra-ASEAN trade and investment. Next-door neighbours generally less-affected by the COVID-19 pandemic than further-away Europeans and Americans will be the first to pick up business with Vietnam. Moreover, an increased interest in Vietnam offering viable Southeast Asian manufacturing and supply chain options will further boost its economy. … [Read more...] about Dutch at forefront of new EU investment activities
Hanoi (VNA) – The UN Security Council on May 28 organised a video conference on EU-UN cooperation on international peace and security. For the first time, Vietnam and Indonesia – two ASEAN member states assuming the positions as non-permanent members of the UN Security Council – made a joint speech appreciating the pioneering role of the EU in fostering multilateralism. Ambassador Dang Dinh Quy, head of the Vietnamese mission to the UN, and Ambassador Dian Triansyah Djani, head of the Indonesian mission to the UN, spoke highly of the EU’s role in maintaining international security and peace. They hoped the EU would continue coordinating with the UN in addressing conflicts, mediating, providing humanitarian relief, and boosting multilateralism on the basis of the UN Charter’s principles. The two diplomats also took the occasion to highlight ASEAN’s contributions to building a peaceful and prosperous Southeast Asia, and creating a favourable … [Read more...] about Vietnam, Indonesia appreciate EU’s role in boosting multilateralism
Vietnam urged to tap global supply chain for halal products As global supply chains for Halal products have been disrupted by the pandemic, Vietnamese companies have been urged to further tap the halal market which has export value of US$34 billion a year, experts said. … [Read more...] about Will Vietnam become important link in global supply chain?