The World Bank and the Ministry of Transport hosted a workshop on May 15 to launch the implementation of the Vietnam Logistics Statistical System Project and highlight the importance of strengthening the transport and logistics sectors to boost trade competitiveness.
The BW Industrial Development JSC, a joint-venture between the US private equity fund Warburg Pincus and Vietnam’s Investment and Industrial Development Corporation (Becamex IDC), made debut in the southern province of Binh Duong on May 15.
The first months of 2018 have seen positive socio-economic signs with the ten-year highest GDP growth of 7.38%, macro-economic stability and controlled inflation, a seminar heard in Hanoi on May 15 on the Vietnamese economy’s outlook for 2018 and to 2020.
Export turnover of tra fish reached 438.2 million USD in the first quarter of 2018, an increase of 18 percent year-on-year, according to the Association of Seafood Exporters and Producers (VASEP).
The Hai Phong International Container Terminal (HICT) in the northern port city of Hai Phong was inaugurated on May 13 and received the first ship.
As many as 40 percent of foreign direct investment (FDI) enterprises choose to use commercial arbitration in cases of disputes, rather than going to court, said Phan Trong Dat, Deputy Secretary General of the Vietnam International Arbitration Centre (VIAC).
Vietnam has 49 million internet users, or half of the total population, according to Sen Do (sendo.vn), an e-commerce trading floor.
Vietnamese air freight costs are much higher than the regional average and this is believed to be one of the main reasons hindering Vietnam’s fruit exports.
The proportion of FDI enterprises choosing to use commercial arbitration in cases of dispute is 40%.
Commercial banks are becoming digitalized, while fintechs, with great advantages in technology, have joined the consumer lending market.
The number of convenience stores in Vietnam has quadrupled over the last six years, according to global data analytics firm Nielsen released at a recent press conference.
The Republic of Korea will receive 7,900 Vietnamese workers in 2018, said Nguyen Gia Liem, said Deputy General Director of the Overseas Labour Department under the Ministry of Labour - Invalids and Social Affairs (MoLISA).
The prospect of the Vietnamese rice export sector later this year is forecast to be bright given the nation’s recent successful bids for supplying rice for Indonesia and the Philippines.
The textiles and garment industry gained the second-largest export value in the first four months of this year, after the export value of phones and their components, according to the Ministry of Industry and Trade.
Producing high-quality products will enable Vietnamese businesses to make inroad into the global market, experts said at a workshop in Hanoi on May 10.
The UN Women and the International Labour Organisation (ILO) opened a consultation dialogue in Hanoi on May 10 to announce a project which aims to ensure that labour migration is safe and fair for all women in the ASEAN region.
Total revenue of the State budget reached VND446.3 trillion (US$19.57 billion) in the first fourth months of 2018, equivalent to 33.8% of the yearly estimate and up 12.1% year-on-year, according to the Ministry of Finance.
Bilateral trade ties particularly through border have achieved remarkable progress, contributing to socio-economic development in both Vietnam and Cambodia as well as promoting the friendship and cooperation.
Phu Quoc, Van Don and Bac Van Phong, in order to develop into powerful SEZs, need to have an outstanding business environment and new institutional policies, experts say.
The Vietnam-Korea Free Trade Agreement (VKFTA), which took effect on December 20, 2015, has played an important role in attracting investments from the Republic of Korea (RoK) to Vietnam and helping the Southeast Asian nation integrate deeper into the regional economy, said a local official.