Vietnam is planning to launch a 136 billion VND (5.8 million USD) trade promotion programme in 2020, focusing on expanding key markets and enabling Vietnamese firms to join global value chains.
Prime Minister Nguyen Xuan Phuc has instructed the Ministry of Finance (MoF) to look at taxes and fees related to automobile manufacturing and assembly in order to help the sector grow.
The northern province of Vinh Phuc has worked to improve business environment and enhance provincial competitive capacity in a move to attract more foreign and domestic investments to the locality.
Minister of Planning and Investment Nguyen Chi Dung talks to the Vietnam News Agency on the Government’s resolve to help private enterprises become a mainstay in the national economy.
Vietnamese businesses will be provided with plenty of opportunities to gain better access to the Fourth Industrial Revolution’s trends and seek link-ups with foreign partners when attending EMO Hannover 2019, the leading global trade show for metalworking, which is scheduled for September 16-22 in Hannover, Germany.
Vietnamese enterprises’ ability to take part in the global value chain will depend on the quality of their products and a willingness to use advanced technology, speakers said at the Vietnam Export Forum 2018 held in Ho Chi Minh City on November 28.
A seminar on opportunities and challenges for made-in-Vietnam IT products and services in joining the global value chain took place in Ho Chi Minh City on November 22.
Vietnam’s supporting industry has been keeping up with the pace of global modern production industry, said experts attending the New Value Creation Exhibition 2018, which is taking place in Tokyo, Japan from November 14-16.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is expected to help Vietnam expand exports and join the global value chain more deeply.
2019 will be a challenging year for Vietnam’s textile and garment industry as it needs to obtain major breakthroughs to take on new roles in the global value chain, including shifting from simple processing - Cut, Make and Trim (CMT) - to purchasing materials, free on board (FOB), original design manufacturer (ODM) and original brand manufacturer (OBM) modes.
Vietnam has long treasured the substantial benefits of free trade, particularly amidst the formidable challenges posed by global trade protectionism which is currently threatening bilateral and multilateral trade deals, Prime Minister Nguyen Xuan Phuc has said.
More than 30 businesses from Vietnam and Japan were brought together at an event in the northern port city of Hai Phong on July 19 to seek stronger investment links.
As a country engaged in the development of the global value chain, Vietnam is likely to be affected by the US-China trade war, stated Minister of Industry and Trade Tran Tuan Anh.
Economic reform, in companion with renewing growth model to improve productivity and competitiveness capacity, is a top priority of the Mekong Delta city of Can Tho to realize the goal of global economic integration and sustainable development.
The outlook for Vietnam’s economic growth in 2018 is quite bright thanks to positive economic performance in the first quarter, said Tran Quoc Phuong, Director of the Ministry of Planning and Investment's National Economic Issues Department.
The Vietnamese engineering sector aims to engage deeper in global value chain and specialised industries that use advanced technologies to make quality products, under a strategy to develop the sector by 2025 with vision toward 2035 recently approved by the Prime Minister.
The upcoming State visit to India by Vietnam’s President Tran Dai Quang, from March 2-4, is expected to help promote cooperation between the two countries, while deepening ties in national defence and security, said Vietnamese Ambassador to India Ton Sinh Thanh.
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