Vietnam posts positive signs in FDI attraction Business

Vietnam posts positive signs in FDI attraction

Vietnam’s success in the fight against COVID-19 and its overall stability have increased its competitiveness and resulted in positive outcomes in foreign direct investment (FDI) attraction since the start of the year, Director of the Foreign Investment Agency under the Ministry of Planning and Investment, Do Nhat Hoang, has said.
Newly established firms grow at fastest pace since 2017 Business

Newly established firms grow at fastest pace since 2017

The number of new enterprises established in the first four months of 2021 rose 17.5 percent from a year earlier, the fastest growth since 2017, and it increased in all economic sectors, according to the General Statistics Office (GSO).
April industrial production expands 24.1 percent Business

April industrial production expands 24.1 percent

Vietnam’s index of industrial production (IIP) in April is estimated to rise by 24.1 percent year-on-year, driven by the positive impact of free trade agreements (FTA), according to the General Statistics Office.
Malaysian business circle urges gov’t to expedite ratification of RCEP, CPTPP World

Malaysian business circle urges gov’t to expedite ratification of RCEP, CPTPP

The Federation of Malaysian Manufacturers (FMM) has urged the government of Malaysia to expedite the ratification process for the two major free trade agreements (FTAs) — the Regional Comprehensive Partnership Agreement (RCEP) and Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) — soon to help local manufacturers or exporters to recover faster during the post-pandemic era.
Vietnam speeds up development of supporting industries Business

Vietnam speeds up development of supporting industries

The Ministry of Industry and Trade (MoIT) will pay greater attention this year to the implementation of projects manufacturing products in supporting industries, as many opportunities have appeared for Vietnam to bolster production and exports.
Insiders make suggestions to maintain sustainable export growth Business

Insiders make suggestions to maintain sustainable export growth

Vietnamese enterprises should take advantage of online marketing channels, re-arrange production and business orientations and strategies, and bring into full play advantages brought by free trade agreements if they want to achieve sustainable export growth, according to insiders.
Rice exports enjoy opportunities for breakthrough in 2021 Business

Rice exports enjoy opportunities for breakthrough in 2021

High hopes are pinned on Vietnam’s rice exports in 2021 when major export markets such as the Philippines and Africa continue to sign contracts to buy rice from Vietnam, while many others have great demand for fragrant rice and sticky rice – which are advantageous staples of Vietnamese enterprises.
2021 bodes well for mechanical engineering Business

2021 bodes well for mechanical engineering

After suffering a significant fall in revenue last year, the mechanical engineering industry has high hopes for recovery in 2021, given Vietnam’s good COVID-19 control and participation in free trade agreements.