One year after the US’s withdrawal from the Trans-Pacific Partnership (TPP), the remaining 11 Asia-Pacific countries, including Vietnam, have signed a new Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to remove tariff barriers in the region.
The Vietnamese Government encourages foreign firms in milk production and processing to expand production, upgrade technology, apply energy saving solutions in the country.
Prime Minister Nguyen Xuan Phuc advocated boosting cooperation between Vietnam and New Zealand in fields of mutual interest such as education-training, organic agriculture, smart agriculture, and infrastructure while addressing the Vietnam-New Zealand Business Forum in Auckland on March 13.
Economics, trade, and investment between Vietnam and Japan have seen constant developments over recent years with Japan having always been one of Vietnam’s most important partners, has said Vietnam Chamber of Commerce of Industry (VCCI) Vice President Hoang Quang Phong.
Vietnam remained the third largest trading partner of Laos in 2017, trailing Thailand and China, according to the Vientiane Times.
Vietnam’s agriculture reached an export value of US$36.5 billion last year. With positive signals in the first two months of 2018, the sector aims to grow 3.05% this year with an export value of US$40.5 billion, higher than previous plans.
63% of businesses in Vietnam believe the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) signed on March 8 will have a positive impact on their operations, according to HSBC’s comprehensive survey of global businesses.
Vietnam’s total export value was estimated at US$33.62 billion by the end of February, a year-on-year increase of 22.9%, revealed the General Department of Customs.
The Ministry of Agriculture and Rural Development has asked People’s Committees of cities and provinces with large areas of shrimp farms to employ different solutions in order to reach targets set in the national action plan for the development of the shrimp industry through 2025.
The Vietnam National Oil and Gas Group (PetroVietnam) surpassed all targets set for the first quarter this year by 4$-15% in early March.
Minister of Industry and Trade Tran Tuan Anh has called on economic sectors to make adequate preparations for best utilization of the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), which will be signed in Santiago, Chile on March 8 by ministers from 11 member countries.
Vietnam’s demand for infrastructure development, including transport, energy, and urban development, is huge, while both public investment and official development assistance (ODA) loans are limited.
The Ministry of Finance (MoF) is working on a draft resolution on handling tax arrears and irrecoverable fines to submit to the National Assembly.
Vietnam has doubled its number of billionaires from last year to four in Forbes magazine's recently released 2018 list of world's richest people.
Twenty Vietnamese businesses attended Japan’s largest international food and beverage exhibition, Foodex Japan 2018 at the Makuhari Messe convention centre in Chiba on March 6.
Singapore, as the rotary chairman of the Association of Southeast Asian Nations (ASEAN), plans to speed up ASEAN’s economic recovery from advanced technologies to innovate and make the region more competitive.
The People’s Committee of the central province of Quang Tri has decided to build a hydropower plant worth nearly 600 billion VND ($26.4 million) in Huong Hoa district.
Vietnam wants to boost investment cooperation with India in the fields of information-technology, biotechnology, renewable energy, machinery building, chemicals, pharmaceuticals, electricity, oil and gas, and agro-fishery processing.
With the Fourth Industrial Revolution surging globally and impacting Vietnam, enterprises in Vietnam will have to change themselves to adapt. Pham Thai Lai, CEO of Germany’s Siemens Vietnam, spoke to VIR’s Thanh Tung about how digital technologies can impact enterprises in Vietnam, especially medium-sized ones.
Bilateral trade between Vietnam and Ukraine showed a considerable growth during the first month of the year with Vietnam enjoying a trade surplus of US$13.8 million, an 11-fold increase when compared to the same period last year.