Forum looks to promote Mekong products, services in global supply chain

The 2020 Mekong Connect forum was held in the Mekong Delta province of Dong Thap on December 21, with an aim to seek measures to get products and services of the Mekong Delta into the global supply chain.
Forum looks to promote Mekong products, services in global supply chain ảnh 1Chairman of the Vietnam Chamber of Commerce and Industry Vu Tien Loc speaks at the forum (Photo: VNA)

Dong Thap (VNA) – The 2020 Mekong Connect forum was held in the Mekong Delta province ofDong Thap on December 21, with an aim to seek measures to get products andservices of the Mekong Delta into the global supply chain.

The economic forum,the fifth of its kind, drew some 700 businesspeople and farmers from four Mekonglocalities of An Giang, Ben Tre, Can Tho and Dong Thap, along with policymakers, investors, start-ups and experts.

Under focus at theevent were benefits and opportunities brought by the EU-Vietnam Free TradeAgreement (EVFTA) for farm produce and the Mekong Delta development in thefuture.

Participants also touchedupon major elements of Mekong Delta economy, connectivity in development, the EVFTAand the regional development orientations, and investment for clean energy.

In his remarks,Chairman of the Vietnam Chamber of Commerce and Industry Vu Tien Loc welcomedthe four Mekong localities’ idea of holding the annual forum.

He said in addition toinvestment in sustainable agro-economic development in combination withenvironmental protection, provinces and cities in the region need to identifypriority in infrastructure development and bolster synchronous connectivitywith each other and HCM City economic hub.

To gain a foothold inthe global food supply chain, Vietnamese firms must work to satisfy the EU’scriteria in food safety, origin tracing, phytosanitary, hygiene and sustainabledevelopment, said Vice Chairman of the European Chamber of Commerce Nguyen HaiMinh.

At the event, the fourlocalities signed an agreement on trade connection and a startup programme,which is expected to help introduce Mekong Delta’s products and services in theglobal value chain./.

VNA

See more

Authorities inspect the procedures of vehicle operators transporting goods at the Huu Nghi International Border Gate (Lang Son province). (Photo: VNA)

Customs trade hits 1.05 billion USD on first day of new model

Realising the 12th Party Central Committee's Resolution 18 on streamlining the political system’s organisational structure, on March 15, the customs sector began operating under a three-tier model: the Department of Customs, regional customs offices, and border checkpoints. This reorganisation has reduced the number of units by 485, or 53.77%, from 902

Long Hau 1 Industrial Park in Can Giuoc district, Long An province. (Photo: VNA)

Industrial real estate expects a boost from policies, FDI

The acceleration of legal obstacles removal in recent industrial real estate projects is creating growth opportunities for many businesses participating in this segment. Notably, this is also one of the key factors contributing to attracting investment and boosting growth for real estate in 2025.

Construction site of Terminal 3 (Photo: VNA)

Vietnam Airlines, Vietjet Air flights to operate from Tan Son Nhat’s new terminal in May

Designed to handle 20 million passengers annually, Terminal T3 of the Tan Son Nhat International Airport includes four main components: the passenger terminal, a multi-story parking facility integrated with non-aviation services, the elevated road system at the terminal frontage, and aircraft aprons. The total investment for the terminal is nearly 11 trillion VND (431.2 million USD), with construction beginning in December 2022

HCM City is now a regional specialised financial centre (Photo: VNA)

Vietnam should be flexible in selecting financial centre models: expert

Tuan also highlighted the importance of human capital, one of the five important factors to successfully build a financial centre, citing the Global Financial Centres Index, which ranks business environment, human capital, infrastructure, market development, and reputation as the key drivers of success.

Minister of Industry and Trade Nguyen Hong Dien (L) and US Secretary of Energy Chris Wright in Washington D.C. on March 13. (Photo: VOV)

Vietnam, US look to strengthen comprehensive energy cooperation

Vietnam’s consistent policy is to foster a balanced, sustainable, stable, and win-win economic relationship with the US, the minister stated. Vietnam does not intend to create any barriers that could negatively impact the US’s workers or its economic and national security, Minister of Industry and Trade Nguyen Hong Dien said.

Deputy Prime Minister Nguyen Chi Dung speaks at the first meeting of the steering committee for the building of a project on the private economic sector's development in Hanoi on March 15. (Photo: VNA)

Private sector's development key to Vietnam’s economic growth

Currently, the private economic sector comprises over 6.1 million business establishments, including approximately 940,000 registered enterprises and over 5.2 million household businesses. The sector contributes around 50% of the country’s GDP, accounts for over 56% of total social investment, employs approximately 82% of the workforce, and generates around 30% of state budget revenue and more than 30% of total import-export turnover.