News Bulletin 01 - Week 1 February, 2020

Several highlights during the week can be named as the approval of European Parliament on EVFTA and insightful annoucement on investment opportunities in Vietnam.

Let's review some of the latest business news.

Deputy PM hosts investors interested in LNG power development in Vietnam

Deputy Prime Minister Trinh Dinh Dung on February 11 received a group of investors from the US and the Republic of Korea who are interested in liquefied natural gas (LNG) power development in Vietnam.

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Vietnam’s growth prospects remain positive despite pessimism for global economy

There is mutual optimism among CEOs in Vietnam and Asia – Pacific Economic Cooperation (APEC) for the year ahead, with Asia – Pacific remaining a significant destination and source of FDI fostered by resilient domestic growth in most of the region, said Dinh Thi Quynh Van, general director of PwC Vietnam.

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EU lawmakers approve free trade deal with Vietnam

The European Parliament (EP) on February 12 ratified the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA).

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Vietnam maintains third rank in international logistics opportunities

Vietnam has maintained its third spot in the international ranking of logistics opportunities, according to the Agility Emerging Market Logistics Index in 2020.

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VN stocks up as large-caps return

Vietnamese shares advanced for a third day as investors turned their attention back to large-cap items despite negative developments of global markets.

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IMF warns coronavirus hitting a fragile global economy

In the best-case scenario, the economic hit from the epidemic in China will be short-lived, but it comes as the global economy remains fragile, IMF chief Kristalina Georgieva said on Wednesday (Feb 19).

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Vietnam loosens regulations for car imports

Vietnam has scrapped the requirement for vehicle type approval certificates for car imports and eased customs clearance procedures.

On February 5 the government amended provisions of Decree 116, which had imposed stringent conditions on the assembly, import and maintenance of automobiles since 2018.

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