Vietnam’s exports should out-perform the rest of South-east Asia in 2020, Maybank Kim Eng economists expect, even as the downturn in regional shipments is likely to bottom out.

China starts a host of new tax cuts on imported goods on Wednesday, as the country further promotes high-quality trade growth.

China on Wednesday moved to pump more cash into its financial system, suggesting that Beijing remained concerned about faltering growth despite signs that the world’s second-largest economy was stabilising.

Việt Nam is advancing into 2020 following good results in 2019. Experts and companies tell Việt Nam News about their forecasts of the country's economic prospects this year as well as opportunities and challenges facing the country.

Vietnam is ready to take on the role of ASEAN Chair in 2020, making contributions to building a cohesive and responsive ASEAN Community, said Deputy Foreign Minister Nguyen Quoc Dung.

The forestry sector will strive to earn 12.5 billion USD from exports in 2020, up 10 percent year-on-year, said Deputy Director General of the Vietnam Administration of Forestry (VNFOREST) Pham Van Dien. 

The first phase of a US-China trade agreement will be inked at the White House in the middle of this month, US President Donald Trump has announced, adding that he will visit Beijing at a later date to open another round of talks aimed at resolving other sticking points in the relationship.

Exports of wood products to the US have seen a sharp rise this year, as well as robust growth to markets including Japan, the UK, Canada, Germany and the Netherlands.

Analysis by the Ministry of Planning and Investment showed that overseas investment capital of Vietnamese enterprises has increased rapidly from US$350 million in 2017 to $432 million in 2018 and nearly $500 million in 2019. The total overseas investment of Vietnamese enterprises so far has exceeded $22 billion.

Prime Minister Nguyen Xuan Phuc attended a ceremony to mark Vietnam’s import-export revenue reaching the US$500 billion level held in Hanoi on December 30.