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Vietnam Ready to Shine in 2021: The Essential

 

Date: 2020-12-01

News Type: Marketing News

 

Advantaged from Global Trade Terms
Vietnam has continued benefited from CPTPP and EVFTA during the past few months, however, now it officially open the arms for the biggest free trade market around the world with 2.2 billion consumers, after the implementation of RCEP, accounting for about 30% of the global population, and GDP around 26,200 billion. 

By Doctor Vo Tri Thanh, he reminded that local companies should raise their competitiveness and the functions of their production train in order to catch up with the train.

Rise of Internet Economy
Vietnam’s Internet economy is growing strongly in all areas, reaching US$14 billion by 2020, an increase of 16% over 2019. It is predicted that by 2025, the Internet economy in the ASEAN region will reach 300 billion U.S. dollars, and Vietnam will be about 43 billion U.S. dollars.

The Prime Minister also approved the national overall plan for the development of e-commerce from 2021-2025 and made e-commerce one of the pioneering areas of the digital economy. By 2025, e-commerce sales from businesses to online consumers will increase by 25%, equivalent to 35 billion U.S. dollars.

Create a mechanism to welcome the "Eagle"
In order to take advantage of opportunities from integration, besides domestic resources, foreign investment inflows will continue to contribute an important part to the country's economic growth.

Mr. Nguyen Hoai Bac, Chairman of the Board of Directors of IQLinks Company, Director of Sunseap Link Vietnam Solar Power Joint Stock Company thinks that Vietnam should have appropriate policies to attract foreign direct investment to access opportunities from new-generation trade agreements.

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