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ASEAN member states under the chair of Vietnam are beefing up efforts to fight the lingering coronavirus pandemic and prepare a recovery plan that will facilitate investment and trade inflows across the region.
Despite heavy aftermaths caused by the global health crisis, the Vietnamese economy remains in positive growth in the first nine months of the year on the back of the government’s sound responses to curb the pandemic return, which has received major plaudits from the international community.
The heavy blow of the health crisis on the economy has forced the government to revise down the growth rate – a figure which is nevertheless expected to remain positive when compared to regional nations also suffering from the coronavirus pandemic.
Amid the Vietnamese government’s efforts in deploying economic diplomatic efforts, the prolonged blow of the health crisis sabotaging import and export activities has prompted enterprises to seek new means of expanding the markets for their products and services.
Vietnam is celebrating 25 years of being a member of the ASEAN. Nguyen Quoc Dung, Deputy Minister of Foreign Affairs, talked with VIR’s Khoi Nguyen about the contributions of the country to the bloc since it joined.
The prime minister’s newly-established inspection groups aimed to boost public investment disbursement are expected to further economic growth, and curb waste of state assets and corruption at state-funded projects.
Vietnam and South Korea are witnessing their heyday in multi-faceted and bilateral co-operation. Nguyen Van Xuong, former Vietnamese Ambassador to South Korea, talked with VIR’s Khoi Nguyen about how the two nations can boost their trade and investment ties fuelled by a bilateral free trade agreement.
The unpredictable aftermath of the global health crisis affecting the entire economy has prompted the government to pursue lower-than-planned economic growth for this year, featured by slackness in exports and production.
Amid the ongoing Fourth Industrial Revolution, Vietnam has made big strides in developing its e-government in service of enterprises and the public.
Vietnam is boosting its diplomatic activities in hope of attracting more investment and expanding its trade in the global market, with many of the country’s major partners about to open their doors to the world again.