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Vietnam’s economy experiences strong growth

Updated: 10:35, 10/12/2019
Vietnam’s economy is experiencing strong and sustainable developments, which may bring the country into the top 20 economies in the world by 2050, from the current 32nd position.

The statement was made by a senior official of the Royal Bank of Canada (RBC) D. Kennedy at a recent forum in Canada to connect trade representatives from member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

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At the forum.

He also noted that Vietnam and Canada can supplement each other in terms of economy and demographics. Vietnam continued to retain the position as Canada's leading trade partner in ASEAN and the fifth largest partner of the ‘maple leaf country’ in Asia.

The RBC’s senior official emphasised that the Canadian Government and firms should place the Vietnamese market in a prioritised position for promoting partnership.

Experts affirmed that the CPTPP has provided Canadian enterprises with many opportunities to expand their operations in several of the world’s most dynamic economies.

Vietnam is regarded as a bright spot on the CPTPP map and has attracted interest from many Canadian businesses.

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Vietnam has recorded gender equality achievements in political and economic sectors since the Law on Gender Equality took effect.
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Prime Minister Nguyen Xuan Phuc stressed that developing the collective economy must start from people’s demand, during a teleconference in Hanoi on October 14 reviewing the 15-year implementation of the resolution on renewing, developing and improving the efficiency of the collective economy and cooperatives.
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Collective economy achieves good results
While positive results have been achieved getting people to work together as part of a cooperative, there’s still limitation in its development, said Vo Thanh Thong, Deputy Minister of Planning and Investment.

Source: NDO

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