Investors express confidence in Vietnam's economic outlook

Overall economic picture in 2014 is brighter than previous years, provided economic restructuring is further accelerated, economist Vu Dinh Anh told the Voice of Vietnam (VOV). The national economy grew at a rate of more than 5.4% in 2013. Excess inventory and bad debts were reduced.
Overall economic picture in 2014 is brighter than previous years,provided economic restructuring is further accelerated, economist VuDinh Anh told the Voice of Vietnam (VOV). The national economy grewat a rate of more than 5.4% in 2013. Excess inventory and bad debts werereduced.

Macroeconomic stabilisation and inflation control in2013 will facilitate economic growth in 2014 and subsequent years, saidthe VOV.

Economic restructuring helps fuel investment growth.Economist Vu Dinh Anh also said building an equitable investmentenvironment is absolutely crucial to attract investment flow.

He noted that foreign investors would like to see Vietnam integrating further in the world economy.
According to a recent study released by the Vietnam Chamber ofCommerce and Industry (VCCI), Vietnamese and foreign investors haverenewed confidence in the Vietnamese economy’s mid and long-termprospects.

60 percent of 500 leading Vietnamese businessesreported their 2013’s performances were better than a year earlier, and80 percent have plans to expand operations in 2014.

Many majorforeign business groups have similar expansion ambitions. The US fastfood giant McDonald, for example, opened its first Ho Chi Minh Cityrestaurant earlier this year.-VNA

See more

Minister of Industry and Trade Nguyen Hong Dien and Deputy Prime Minister of the Republic of Belarus Anatoly Sivak sign the meeting minutes. (Photo: VNA)

Vietnam, Belarus unveil key solutions to boost trade

Vietnam and Belarus are set to deepen bilateral cooperation in all fields, particularly in economy-trade and science-technology, through their Intergovernmental Committee mechanism, affirmed Minister of Industry and Trade Nguyen Hong Dien.

Honda Vietnam's new CEO, Sayaka Hattori (Photo: VNA)

Honda Vietnam has new female CEO

Sayaka Hattori, a Japanese national with over 25 years of experience in the automobile and motorcycle industry, was appointed as new CEO of Honda Vietnam on April 1.

Illustrative image (Photo: VNA)

Annual enterprise census kicks start nationwide

The survey will span all the 63 provinces and centrally-run cities in Vietnam, targeting enterprises and cooperatives engaging in production and business activities across almost all sectors.

Participants at the talks between Minister of Construction Tran Hong Minh and Korean Minister of Land, Infrastructure, and Transport Park Sangwoo in Hanoi on March 31. (Photo: VNA)

Vietnam calls on RoK to share expertise in high-speed railway development

Minister of Construction Tran Hong Minh applauded the RoK’s proposal to organise a railway cooperation forum, seeing it as an opportunity for state management agencies, experts, research institutions, universities, and businesses of Vietnam to gain insights from the RoK’s experience in planning, construction, maintenance, and developing high-speed rail industry.

Representatives from Vietnamese and Korean agencies at the MoU signing ceremony. (Photo: VNA)

Vietnam, RoK step up railway development cooperation

Since 1996, the Korean government has provided funding for Vietnam’s transport infrastructure development. To date, the two countries have successfully completed nine projects, with total loans of over 1 billion USD, and are currently working on six other projects with loans worth nearly 600 million USD.

The passengers boarding the first flight from Taiwan to Quang Binh at Dong Hoi Airport (Photo: VNA)

Quang Binh province welcomes first flight from Taiwan

These international flights, the first of their kind, marked a significant milestone for the Dong Hoi airport, particularly following its designation as one of three domestic airports authorised to process foreign passengers' arrivals and departures using electronic visas.

The second branch of the Vietnam-Germany Friendship Hospital – a project deemed causing massive waste (Illustrative Image - Source: VNA)

PM orders urgent reviews, reports of delayed investment projects

The dispatch highlights that ministries, sectors, and localities involved must intensify their efforts to resolve these stalled investment projects in a bid to accelerate socio-economic development and prevent waste of state, business, and public resources.

At the signing ceremony of the 25-year production sharing contract (PSC) for oil and gas exploration in Block 15-2. (Photo: VNA)

Vietnam, Japan forge 25-year oil and gas partnership

Son noted the Block 15-2 contract is a crucial step after the 2022 Law on Oil and Gas took effect, urging contractors to carry out their commitments to maximise the productivity of the block as well as enhance oil recovery rate – an important task to ensure energy security.