Vietnam to soon ratify EVFTA, two other ILO conventions: Speaker
Vietnam is actively considering approving the two remaining International Labor Organization (ILO) conventions, which are Convention 87 and Convention 105.
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![]() Chairwoman of the National Assembly Nguyen Thi Kim Ngan and European Commissioner for Trade Cecilia Malmstrom. Photo by Nhat Bac/VGP
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Vietnam’s top legislator emphasized the importance of the EVFTA and EVIPA in lifting the already good relationship between Vietnam and EU to a new height and expressed her belief that the two pacts would bring practical benefits to people, enterprises, and investors of the two sides.
In turn, Commissioner Malmstrom said that the signing of two pacts is a significant turning point in the Vietnam - EU relationship, helping strengthen the comprehensive partnership and cooperation between two sides.
With the two pacts, two sides desire to boost the cooperation relationship based on the realization of joint commitments with the focus on trade and investment.
She also said that Vietnam-EU relations should also be viewed not only from bilateral but also multilateral perspective, contributing to the promotion of international trade mechanism such as the World Trade Organization (WTO) or other international organizations.
The two sides also agreed that dialogues and maintaining regular dialogues are crucial for not only the implementation of the two pacts but also the expansion of the bilateral relationship under the EU-Vietnam Framework Agreement on Partnership and Cooperation (PCA).
Accordingly, Vietnam and EU’s relevant agencies will work closely to prepare for submitting these pacts to the Vietnamese National Assembly and the European Parliament (EP) for early ratification.
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13:57, 2024/07/26
Vietnamese consumers spend US$32 million daily on online shopping
E-commerce in Vietnam continues to thrive and stands out in the overall economic landscape.
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15:21, 2024/07/25
Authorities and businesses team up to boost Vietnamese e-commerce
Hanoi will open a VND10 billion (nearly US$400,000) live streaming center this July to help businesses sell their products online.
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12:32, 2024/07/25
HSBC raises Vietnam’s GDP growth forecast to 6.5% in 2024
Vietnam’s Q2 GDP growth surged to 6.9%, the highest in two years and well above market expectations of 6%.
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20:35, 2024/07/24
Experts urge Vietnam to capitalize on tourism strengths
Vietnam's tourism industry has long been recognized for its price competitiveness, rich natural resources, cultural heritage, and strong safety and security measures.
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12:21, 2024/07/24
Civilized market model ensures consumer rights
Hanoi expects more markets that meet the criteria for well-behaved traders and food safety standards.
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20:11, 2024/07/23
Vietnam targets US$7,500 GDP per capita by 2030
By the end of this decade, Vietnam is expected to be among the top three Southeast Asian countries in terms of industrial competitiveness.
- Hanoi embraces cashless future with marketplace innovations
- Vietnam's agricultural exports strive to meet safety standards
- Gov’t mulls creation of oil and gas trading exchange
- Hanoi promotes women's role in safe agri-food trade
- Hanoi commercial letting stagnates
- Vietnam’s stock market set for strong year-end growth