Workshop on Vietnam’s economic matters held in Poland
Vietnam’s economic development and opportunities generated by the EU-Vietnam Free Trade Agreement (EVFTA) were discussed at a recent workshop in Poland’s Vacsava capital city.
Hanoi (VNA) – Vietnam’s economic development andopportunities generated by the EU-Vietnam Free Trade Agreement (EVFTA) werediscussed at a recent workshop in Poland’s Vacsava capital city.
Delegates at the event took note of Vietnam’s positiveeconomic prospects in 2018, especially increasing foreign direct investment(FDI) inflows to the country.
Statistics reveal that in 2017 alone, Vietnam attracted 36billion USD in FDI, the highest amount over the past decade.
Regarding the EVFTA, a new-generation FTA between Vietnamand 28 EU members, the delegates said the deal is expected to open up newopportunities for exporters with preferential taxes.
The EU is Vietnam’s second biggest importer, with 18 percentof Vietnamese goods shipped to the region.
Vietnam runs a trade surplus of 31.8 billion USD with the EUin 2017, with exports to the market growing 12.7 percent.
Talking about the illegal,unreported and unregulated (IUU) fishing under the European Commission (EC)’syellow card warning, the participants highlighted Vietnam’s efforts to completeinstitutions, improve State management capacity and fishermen’s awareness ofIUU fishing, in order to remove the warning.
They suggested Vietnam learnfrom Poland’s experience in building a legal foundation and implementing IUUregulations, while seeking cooperation in training experts in this field.
They also underlined the needto encourage Poland to soon complete procedures to approve the EVFTA in order topromote Vietnamese seafood exports to the market.-VNA
As holding the presidency of the Council of the European Union (EU), Bulgaria advocates the early signing and approval of the EU – Vietnam Free Trade Agreement (EVFTA), a Bulgarian official has said.
Economic experts discussed measures to improve the quality of economic growth in a workshop held by the Central Institute for Economic Management (CIEM) in Hanoi on March 11.
Prime Minister Nguyen Xuan Phuc laid stress on the significance of bolstering cooperation with the European Union (EU), a leading strategic partner of Vietnam in economy, trade and investment while chairing a meeting to evaluate bilateral collaboration in the past time in Hanoi on April 14.
Vietnam’s fishery sector will gain advantages and export opportunities once the Comprehensive and Progressive Agreement for Trans-Pacific Partnership takes effect.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Illustrative photo (Photo: VNA) 
