Viet Nam receives positive view in global exports as EVFTA takes effect: report

The EU-Việt Nam Free Trade Agreement, which took effect on August 1, scraps duties on 71 per cent of Việt Nam’s goods right away, rising to 99 per cent in seven years.— Photo baochinhphu.vn Viet Nam is expected to continue growing its share of global exports despite decline amid the resurgence in the COVID-19 pandemic after three months of no local transmissions, according to an HSBC report. “If there was a new wave of infections in Viet Nam, it could still be relatively better off given that the situation is worse in many other markets and regions,” according to HSBC Global Research. Viet Nam is not alone as Hong Kong, which had also largely contained the outbreak, has also seen a surge in cases recently, showing the risks are far from over and investors need to position themselves accordingly. “Vietnamese authorities have done a good job in containing the transmission by far, which increases our confidence that the country is better prepared to deal with any further waves. “Viet Nam is one of the best long-term growth stories in Asia. “If Viet Nam were a company, we would highlight market share gains, a strong balance sheet, robust growth, and good… Read full this story

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