HANOI -- Vietnam has agreed to resume commercial flights to and from China after months of closure due to the coronavirus pandemic, the country's ministry of transport said on Monday, noting the frequency and timing of flights was still being discussed. … [Read more...] about Vietnam says agrees to resume commercial flights to China
Why vietnam economy is booming
The proposal on resuming trade relations with 17 economies, important partners which make up 90 percent of foreign investment, 80 percent of international trade and 80 percent of travelers to Vietnam, has been made by the HCM City Party Committee Secretary Nguyen Thien Nhan. … [Read more...] about How should Vietnam reopen to other economies after COVID-19?
The EU-Vietnam Free Trade Agreement is expected to open up a market for Vietnam with a combined GDP of close to 2.2 trillion USD. According to the deal, tariff on Vietnamese products such as garments, computers, phones, apparel, footwear, textiles, general electronics, and farm devices will decline from 9.7 percent to 2 percent in 2025. … [Read more...] about Vietnam – preferred destination of foreign capital: U.S. website
Hanoi (VNA) - The International Labour Organisation (ILO) has sent its congratulations to Vietnam after the 14th National Assembly (NA) adopted a resolution ratifying the country’s membership of the Convention on the Abolition of Forced Labour (Convention 105), with 94.82 percent of delegates voting in favour at the ongoing ninth session on June 8. The move brings the number of ILO conventions Vietnam has adopted to seven out of eight. Director of the ILO’s International Labour Standards Department Corinne Vargha said “Through this ratification, Vietnam is demonstrating its firm commitment to combating forced labour in all its forms. This ratification is all the more important since the ILO’s global estimates show the urgency of adopting immediate and effective measures to eradicate forced labour.” Moreover, by ratifying the Convention 105, Vietnam is moving ahead towards the achievement of decent work and the delivering at the country-level of the … [Read more...] about ILO lauds Vietnam’s move to tackle forced labour
In a recent article titled “Emerging from the pandemic, Vietnam must position itself for recovery,” the author said that Vietnam has gone through more than two months without community transmission, which has enabled the country to be among the first to fully reopen its domestic economy. … [Read more...] about Mckinsey assesses Vietnam’s economic recovery capacity