Benefits

With regard to the future prospects of the RECP, economists at a recent seminar titled ‘RCEP agreement – Negotiation Updates and Issues Concerned by Businesses’ said that the RCEP can be considered the world’s largest regional trade agreement with its market size being larger than that of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). … [Read more...] about BUSINESS NEWS OCTOBER 12

Do Phuong Dung, Deputy Director of the Asia-Africa Market Department of the Ministry of Industry and Trade, said Vietnam-Singapore relations have been developing unceasingly in recent years. Singapore is one of the biggest ASEAN trade partners of Vietnam with bilateral trade reaching 7.66 billion USD in 2018, including 3.14 billion USD of Vietnam’s exports. Meanwhile, Malaysia is also a largest trade partner when bilateral trade hit 11.5 billion USD last year, including 4 billion USD of Vietnam’s exports. Vice Chairman of the Long An People’s Committee Pham Van Canh said among the 576 foreign direct investment projects in the province, Singapore has invested 521 million USD in 36 projects while Malaysia 37 million USD in 12 projects, respectively ranking 7th and 14th among foreign investors in Long An. They are also two important destinations of local exporters which shipped 316.34 million USD worth of goods to Singapore and another 95.7 million USD to Malaysia in … [Read more...] about CPTPP promises stronger ties with Singapore, Malaysia: workshop

Behind the Long Bien Market there is one small community with approximately 300 to 500 people living in metal shacks without waste management services. The alley leading to their houses is too long and narrow for the environmental service companies to enter and remove the waste that is generated daily by local residents. Due to lack of access, the local people throw most of their waste into a ravine alongside the river which when flooded connects directly to the Red River. When trash is not taken away by the Red River, it’s often burned by locals. … [Read more...] about 200 volunteers join in Red River and Long Bien Bridge Cleanup

The Bank of Korea had already cut its growth outlook for the year by 0.1 percentage points to 2.5 percent last week. To reach that target, the BOK said the local economy will have to grow by around 1.2 percent in the second quarter and by around 0.8 to 0.9 percent in the remaining two quarters. … [Read more...] about S. Korea’s economy contracts 0.3 percent q/q in Q1

Politburo member, Prime Minister Nguyen Xuan Phuc, on behalf of the Political Bureau, presented the Political Bureau’s acquirement and explanation report on ideas discussed by the Party Central Committee on the draft report summarising the implementation of the socio-economic strategy in the 2011-2020 period and the building of a socio-economic development strategy for the 2021-2030 period; the draft report on the socio-economic situation in the 2016-2020 period and the socio-economic development plan for the 2021-2025 period. … [Read more...] about VIETNAM POLITICAL NEWS HEADLINES OCTOBER 13