Vietnam trading partners

Vietnam’s economic outlook over the medium and long term remains positive. Vietnam’s participation in a large number of bilateral and multilateral trade agreements will help the country’s economy rebound. Vietnam will also likely benefit from the current shifting of supply chains to low-cost countries. … [Read more...] about Vietnam’s economy expected to grow 1.8 percent in 2020: ADB report

Hanoi (VNA) – Vietnam has emerged as an attractive foreign direct investment (FDI) destination in Asia, by beating China and India, a report by The Economist Intelligence Unit (EIU) has indicated. The Southeast Asian nation has become a new hub for low-cost manufacturing in Asian supply chains, the website eurasiantimes.com on January 14 quoted the report. The report suggests that factors that make Vietnam better than its peers are the incentives for international firms for setting up units to manufacture hi-tech products, the pool of low-cost workers, and the proliferation of free trade agreements. It also cited Ruchir Sharma, an emerging markets strategist at Morgan Stanley, as saying that Vietnam’s FDI has averaged more than 6 percent of GDP, which is the highest ratio in any emerging country. In addition, the ever-changing policies as per the market demand, the vigorous changes in the business and investment climate, socio-political stability and population … [Read more...] about Vietnam emerges as attractive Asian destination for investors: The Economist

Shortly thereafter, Vietnam became a member of most other important international human rights conventions such as the Convention on the Rights of the Child (1989) and two additional protocols on children in armed conflict and against the use of children in prostitution and pornography activities; Convention on the Rights of Persons with Disabilities (2006); Convention Against Torture and Other Cruel, Inhuman or Degrading Treatment or Punishment... … [Read more...] about Vietnam – a responsible member of international human rights conventions

Vietnam's initiatives and priorities have become a common property of the region. Vietnam’s idea of organizing online conferences has become good suggestions for other countries, and the image of the peaceful, stable, and developed ASEAN Community and Vietnam in particularly, have been widely advertised. Many significant and meaningful events and conferences have been actively and successfully implemented by ministries and agencies in many fields from security, defense, diplomacy, economics to culture - society, health, information communication, education, technology... … [Read more...] about Achievements in ensuring human rights, the premise for Vietnam’s positions at international forums

Secondly, on the basis of material dialectical materialism, the Party has correctly determined the relationship between people and nation, between individuals and collectives, between rights and obligations. In these relationships, depending on historical, developmental and particular conditions of the context, the Party had suitable measures to balance. Obviously, under the pandemic conditions, an unprecedented special and strict conditions, somewhat comparable to war, the individual respect for the collective, each person respecting the common good of the country, sacrificing rights and enhancing citizenship is the most important condition for unifying will, gathering forces and the strength of the people. In fact, respecting the common interests and sacrificing individual benefit has resulted in the fact that Vietnamese people still enjoy basic human rights in a very specific, outstanding way in a world full of limitations, isolation and blockade. … [Read more...] about Accepting economic losses, protecting people’s lives at all costs