International media outlets have highlighted Vietnam’s thriving economy which is among the fastest-growing in Southeast Asia in 2019 amid the global economic slowdown.
Businesses are an important driver for the development of science and technology in Vietnam. Deputy Minister of Science and Technology Le Xuan Dinh writes about how the ministry supports local businesses in their quest to boost innovative solutions and technology advancements.
At a recent symposium on measures to boost the development of Vietnam’s mechanic sectors, Prime Minister Nguyen Xuan Phuc stressed that the Government will establish a market for mechanic firms to develop, including facilitating the sector to seek for domestic and overseas markets for the country’s oil and gas engineering sector’s products.
Here are 6 major achievements gained by Petrovietnam in 2019:
Vietnam Petrochemical and Fiber Joint Stock Company (VNPOLY) on January 20 signed an agreement with Shinkong Synthetic Fibers Company of Taiwan (SSFC).
The State Bank of Vietnam set the daily reference exchange rate at 23,170 VND/USD on January 22, up 12 VND from the previous day.
Beer is often a best seller during the Lunar New Year (Tet) festival but many retailers have been forced to lower their prices to encourage customers to buy.
Breakthrough changes in mechanisms, policies are needed for the private economic sector’s development, experts said.
A Japanese business delegation led by Sakai Hironori, President of the Japan-Vietnam Friendship Association in Hyogo prefecture, had a working session with leaders of the Binh Phuoc People’s Committee
PSNews – The Thai Binh 2 Thermal Power Plant, one of the key national thermo-power plants located at the Thai Binh Power Center, will play an important role in ensuring electricity supply for the country’s Northern coastal region.
The Mekong Delta province of Tra Vinh is witnessing a series of wind power projects settling in the province thanks to its favourable position, with total investment exceeding 42 trillion VND (1.8 billion USD).
Prime Minister Nguyen Xuan Phuc has signed a directive to promote the development of digital enterprises in Vietnam with a target of developing 100,000 tech firms by 2030.
Farmers in the Mekong Delta province of Tra Vinh are entering the mud crab harvest for Tet (Lunar New Year) and earning a high profit of 30 - 35 million VND (1,300 - 1,500 USD) per hectare as demand is high for the coming holiday, which falls on January 25.
As one of the most dynamic economies in the region, Vietnam’s young retail market has great potential as it is increasingly more competitive and attractive to foreign investors, said Trang Le, head of Research and Consulting Services at JLL Vietnam.
Developing quality connective infrastructure and logistics is crucial to lower trade costs and boost Vietnam’s further integration in both global and domestic markets. This will require a new approach to planning and additional investments in strategic connective assets, a new World Bank report concludes.
PSNews – The PV DRILLING V was considered the most modern TAD (Tender Assist Drilling) drilling rig in the world at present with many new, modern and sophisticated technology and equipment.
The import-export turnover between Vietnam and China set a new milestone, reaching nearly 117 billion USD last year.
Tidy profits have motivated around 64 percent of Japanese firms in Vietnam to consider expanding their business in the Southeast Asian country, according to the Japan External Trade Organisation (JETRO).
PSNews – Since its establishment decades ago, Petroleum Equipment Assembly and Metal Structure JSC (PVC-MS) has left its imprints in every big project of the country’s oil and gas industry, from the very first oil and gas base in Vung Tau waters to the building of self-lifting rigs.
PSNews - The Government will create markets for mechanical engineering enterprises to develop, Prime Minister Nguyen Xuan Phuc stated at a symposium on measures to promote the development of Vietnam’s mechanics industry.