Vietnamese Minister of Industry and Trade Tran Tuan Anh attended the first meeting of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) Commission in Tokyo, Japan, on January 20, together with ministers in charge of economy and trade from 10 other member nations.
With a 2019 GDP growth of 6.9 percent, Vietnam will remain one of the fastest growing economies in Asia.
E-commerce and digital technology are creating great opportunities for Vietnamese businesses to enter the world market and participate in the global value chain as Industrial Revolution 4.0 is changing business and production models in a dramatic way.
The garment and textile sector was forecast to suffer the most from goods origin regulations under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), said Bui Kim Thuy, the country representative for Vietnam at the US-ASEAN Business Council.
The northern province of Quang Ninh always creates favourable conditions for enterprises from the Republic of Korea (RoK) to land investments in the locality.
The digital age offers opportunities for the world economy, creating new business models, which helps boost global gross domestic product (GDP).
The prices of automobiles remained high in spite of the import duty on completely-built-up (CBU) cars imported from ASEAN markets falling to zero from 30% in 2017. Customers did not benefit from the reduction, and even paid a high price for CBU automobiles with fewer than nine seats last year.
Deputy Prime Minister Vuong Dinh Hue has stated that no group interests have been found in the equitization and divestment of State-owned enterprises (SOEs) following inspections.
In order to approach choosy markets more easily, Vietnamese enterprises have entered foreign markets by merger and acquisition methods, buying factories or stakes of foreign firms in their countries.
Deputy Prime Minister Vu Duc Dam has affirmed the Vietnamese Government’s willingness to encourage foreign enterprises, including Microsoft, to expand their investments in Vietnam while hosting President of Microsoft Asia and Corporate Vice President of Microsoft Corporation Ralph Haupter in Hanoi on January 16.
Nationwide industrial and economic zones attracted over US$8.3 billion in foreign direct investment in 2018, according to a source from the Ministry of Planning and Investment.
PSNews - The Vietnam Climate Innovation Center (VCIC) on January 16 announced its Third Proof of Concept Competition (POC 3) under the theme of “Women and the future of green economy”, calling for innovative ideas to turn climate challenges into business opportunities.
Vietnam raked in US$36.809 billion from exports to Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) member nations in 2018.
Vietnam has been named one of the leading investment destinations in Asia for a second straight year in a recent survey by the major audit firm PwC.
Prime Minister Nguyen Xuan Phuc has advised the Central Highlands province of Dak Nong to capitalize on its strengths in agriculture, tourism, and mining for its future overall development.
Vietnam’s textile and garment sector is hoped to make breakthroughs in 2019 based on successes and momentum last year.
At least three major infrastructure projects are subject to the auditing plan set for 2019, according to State Auditor General Ho Duc Phoc.
Last year Vietnam achieved a GDP growth of 7.08%, exceeding the target set by the National Assembly. More particularly, export revenue posted an impressive result, bringing Vietnam into the company of the world’s leading exporters.
The cashew sector of Vietnam continued to sustain its position as the world’s leading processor and exporter of the nut during 2018 as the country processed 1.65 million tons of raw cashew and exported 391,000 tons of cashew nuts worth a total of US$3.52 billion.
Motorcycle sales in 2018 broke the record set seven years ago (3.3 million) with nearly 3.4 million vehicles sold in the domestic market during the year.