State-owned enterprises were viewed as a dominant contributor to the development of Vietnam’s economy. But because the state sector is inefficient, and Vietnam is increasingly integrating internationally, the private sector is growing. Over 100,000 new private enterprises have registered under the new Law on Enterprises, promulgated in 2000 as the government’s first attempt to boost private sector development.

Despite the economic picture for the opening five months of the year appearing gloomy due to the impact of the novel coronavirus (COVID-19) with the majority of indicators being low in comparison to last year, May, the first month after social distancing, has seen the gradual recovery of manufacturing, tourism, and transport firms

The impact of the novel coronavirus (COVID-19) epidemic can be considered a catalyst that launches the transformation of logistics businesses due to the buying trend starting to shift from direct to online

The COVID-19 pandemic has had a strong impact on the global economy, including Việt Nam. The country has however been a safe destination for foreign investors thanks to its successful efforts to control the outbreak. Việt Nam News’ Thu Ngân speaks to the British consul general in HCM City, Ian Gibbons, about UK enterprises in this country and how he sees investment trends in the near future.

Experts have said that traceability is a challenge for Việt Nam to boost export handicraft products to the EU in the future.

The Ministry of Industry and Trade has urged enterprises to be aware of and not participate in origin fraud, illegal transshipment and evasion of trade remedies to avoid the risks of being sued.

When Australian trade with China is disrupted, commentary quickly gravitates towards the frame of economic coercion. With such deeply intertwined trade relations, coercion is, in reality, only one possible cause.

Diversifying products and adapting quickly to market fluctuations will help create growth momentum and remove difficulties for seafood exports.

Minister of Industry and Trade Tran Tuan Anh informed the press on the outcomes of two special virtual meetings of ASEAN on responding to the COVID-19 pandemic that Vietnam hosted on June 4, as Chair of the ASEAN in 2020.

Economic ministers from ASEAN member nations and the three partners of China, Japan, and the Republic of Korea (known as ASEAN+3) adopted a joint statement on June 4 on mitigating the economic impact of COVID-19.