Weekly Vietnam Economy News (25/9 – 1/10, 2020)
In this article, we will provide new information about Vietnam Economy.
FDI reaching 21.2 billion USD in the first nine months of Vietnam Economy(Infographics)
Vietnam – a bright candidate for value chain transformation in Asia
In addition, Vietnam has taken steps to open up and reform that has resulted in an encouraging growth rate. It is worth noting that Vietnam is likely to maintain a positive growth rate in 2020, despite the significant impact of Covid-19 on economic activities. These internal characteristics make Vietnam a bright candidate for value chain transformation in Asia.
Vietnam is the second ASEAN country after Singapore and the first developing country in Asia to sign a Free Trade Agreement and an Investment Protection Agreement with the European Union (EU), opening more opportunities for investors. market access between Vietnam and the EU. With the commitment to abolish import duties up to nearly 100% of the tariff schedule and the trade value that the two sides have agreed upon, the opportunity for Vietnam and EU member countries will come into reality, be sustainable and effective.
The North-South Expressway helps form axes for economic development
When the North-South expressway comes into operation, it is forecasted that many new economic centers will be formed, associated with economic development axes.
With a length of 654 km stretching through 13 localities, the North-South expressway not only helps localities form economic zones associated with strengths but also builds a chain of connections between localities and many key economic areas.
The highway axis goes through the North to the South, not only shortening travel time, reducing intermediate costs, but also creating a competitive position for Vietnam with other countries in attracting investment, in addition. is the opening of new economic development spaces through the system connected to the high-speed shaft.
The North-South expressway project is a national key project, one of the four arterial transport routes along with the country, which is expected to complete the entire phase 1 by 2022.
By 2030, Vietnam will become the world’s major center for personal computer production
The MIC Research Institute said that Southeast Asia will replace China as the global center for personal computer production.
Citing the Nikkei, by 2030, Southeast Asia will produce about half of the personal computers used around the world. In particular, Vietnam and Thailand will become two key production centers.
It is expected that the number of personal computers produced this year will increase by 6% to 170 million units. The COVID-19 pandemic has increased the need for communication and distance learning, while also increasing the need to learn knowledge based on the Google platform.
Compiled from many sources by LOOKOFFICE
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