Search results
Results From The WOW.Com Content Network
From June 2019 to June 2020, net purchases of foreign exchange were US$16.8 billion, equivalent to 5.1 per cent GDP, arousing suspicion of currency manipulation. Vietnam has accrued considerable reserves, but current reserves equivalent to 25 per cent GDP are still lower than that of other economies in the region, including Malaysia and Thailand.
Using Section 301 as a way to address Vietnam’s currency valuation is seen controversial since it circumvents procedures laid out by Congress in the Omnibus Trade and Competitiveness Act of 1988 and the Trade Facilitation and Trade Enforcement Act of 2015 (TFTEA). Concerns regarding Vietnam’s currency were formally raised in May 2019 when ...
A. Relative to its Asian peers, Vietnam has performed poorly on the key macroeconomic indicators in recent years, especially over the past three years, during which the 2008-2009 global financial crisis posed a serious test to the soundness of macroeconomic fundamentals in each country. The Vietnamese inflation rate was 15 per cent averaged for ...
Vietnam should also alter its present exchange rate policy to forestall being designated by the US as a currency manipulator. Finally, Vietnam needs to ensure the country’s future leadership by identifying ‘strategic cadres’ — the next generation of clean party leaders — to be elected to the new Central Committee in 2021.
Maritime cooperation with India and Japan also includes dialogues, naval exercises, ship visits and joint training programs. Since 2018, Vietnam and India have carried out bilateral maritime exercises in the SCS and Indian warships have regularly visited Vietnam’s ports. Vietnam has also conducted several low-key joint exercises with Japan.
Concluding the UK–Vietnam free trade agreement (UVFTA) by the end of 2020 is a realistic goal for three reasons. First, it is an operational necessity for both countries. Brexit means that the EU–Vietnam free trade agreement — which took effect on 1 August 2020 — will no longer apply to the United Kingdom
Vietnam leads the region in having the highest inflation rate, a deteriorating budget and trade deficit, and the weakest currency and sovereign risk rating in the region from 2009–10. The shift toward China may not lessen the ‘north-south relations’ that generally define China-Vietnam relations.
Foreign direct investment in Vietnam continues to increase, rising from US$11.57 billion in July to US$12.8 billion in August 2022, signalling the country’s recovery from COVID-19. The growth is partly due to Hanoi’s consistent efforts to provide a safe and welcoming environment for foreign business through Special Economic Zones (SEZs ...
The lack of TPA for most of Obama’s presidency was a critical factor in delaying the conclusion and consideration of the TPP in the United States. The. For Biden to engage in serious negotiations over accession to CPTPP or a TPP-2, he would need to expend political capital on trade agreements at a critical, early stage of his presidency ...
Laos will seek to balance its increasing engagement with China alongside commitments to other key bilateral partners. Central to this balancing act is Vietnam, with 2022 marking the 60th anniversary of Laos–Vietnam diplomatic ties and the 45th year of the Vietnam–Laos Treaty of Amity and Cooperation. Dubbed the Vietnam–Laos Solidarity and ...