PSNews - The first ever White Book on Vietnamese businesses was launched at a ceremony in Hanoi on July 10, containing essential information assessing the development of enterprises across the country and in localities in the period from 2016 to 2018.
Hanoi has rectified a project to pump VND500 billion (US$21.5 million) into leveraging the development of startups in the city by 2025.
During the first half of the year, the Mekong Delta province of Kien Giang experienced an export turnover increase of 1.45 per cent to over US$275 million in comparison to the same period last year, fulfilling only 40.4 per cent of the set target, according to the Kien Giang Department of Industry and Trade.
The mechanical engineering industry needs supportive policies from the Government to enhance its competitiveness during the fourth industrial revolution, officials and industry experts have said.
Domestic banks have unveiled positive business performance results in the first half of this year, with some new records being set.
The EU-Vietnam Free Trade Agreement (EVFTA) is the first FTA that the EU has signed with a developing country in Asia. The newly-signed deal will bolster bilateral trade and investment of European businesses in Vietnam.
The US’s recent steel import tariffs on “made-in-Vietnam” steel products originating from the Republic of Korea and Taiwan (China) suggest that the US could turn its sights towards addressing its existing trade deficit with Vietnam, Fitch Solutions has warned.
Vietnam’s booming economy will see another surge of new investment after signing a free trade agreement with the European Union (EU) that could hasten the exodus of manufacturers from China, according to analysts.
The Vietnam Motor Show 2019 (VMS 2019), to be held at the Saigon Exhibition and Convention Centre from October 23-27, will be a chance for local consumers to see latest models from many renowned automobile brands and breakthrough technologies in the industry.
Vietnam has become more attractive to foreign investors than ever before as various freshly-inked new-generation free trade deals, including the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA), are expected to facilitate trade and benefit foreign enterprises.
Fitch Solutions, a macro research unit of Fitch Group, maintains its forecast that Vietnam’s real GDP growth will come in at 6.5 per cent in 2019, a fall from 7.1 per cent in 2018, partly due to unfavourable base effects potentially occurring in the remainder of 2019 and slowing global demand.
Agricultural firms should be keen to seek potential alliances with partners from CPTPP member countries in order to benefit from the transfer of cutting-edge technologies by the latter through the joint implementation of large-scale projects, thus deepening their penetration into regional and global supply chains.
PSNews - Movitel, Viettel’s brand in Mozambique, was recently chosen by the World Bank as one of its partners to run a project to improve the quality of life and access to financial services for needy people in rural and remote areas of Mozambique.
After Vietnam signed a bilateral free trade agreement with the European Union (EU), many Japanese enterprises expressed their optimism about business opportunities that the deal could bring to the Southeast Asian market.
The Prime Minister has approved the zoning of the Cao Bang Border Gate Economic Zone to 2040.
In the second half of this year, increasing competition in product quality, prices and market share are predicted to force steel companies to work harder to maintain their foothold in the market.
PSNews - According to experts, Vietnam’s free trade agreement with the EU would go a long way towards tapping the trade potential that exists with Poland.
Vietnam encourages high-quality projects invested by Japanese corporations, Prime Minister Nguyen Xuan Phuc said, pledging to organise regular dialogues to tackle difficulties for Japanese investors.
The International Labour Organisation (ILO) has welcomed the signing of the EU-Vietnam free trade agreement (EVFTA) on 30 June in Hanoi, which promotes the respect for fundamental labour rights as a basic condition for fair international trade.
The EU-Vietnam Free Trade Agreement (EVFTA) is expected to put pressure on Vietnamese enterprises to increase their competitiveness in order to make inroads into the European market.