Japanese electronics giant Hitachi Ltd. launched a sales and service unit in Laos, eyeing a five-fold increase in its local elevator and escalator market share as it expands its business in Asia and the Middle East.
Deputy Prime Minister Vu Duc Dam affirmed that the Vietnamese Government always opens its door to foreign enterprises in his speech at the Vietnam Business Summit 2019 held in Hanoi on October 16.
The Digital Council of Thailand (DCT) is working with the Federation of Thai Industries (FTI) to turn the country into a digital innovation hub in ASEAN through development of data centres and artificial intelligence (AI) capability.
Prime Minister Nguyen Xuan Phuc asked each State-owned group and corporation to become centre for innovation during a conference in Hanoi on October 16.
Vietnam ranked 79th out of the 141 countries in law compliance cost index this year, referred to as B1 index, up 17 places from 2018, said the Ministry of Justice on October 16.
The Vietnam – South African joint trade sub-committee convened the fourth session in Hanoi on October 16 to seek ways to bolster bilateral economic and trade partnerships.
Vietnam’s credit growth is slowing and can fall behind the central bank’s target of 14 percent for 2019, causing concerns that it could make it difficult for businesses to access bank loans during the remaining months of the year.
Prime Minister Nguyen Xuan Phuc has approved a plan to boost the sustainable development of the private business sector towards 2025 with a vision to 2030 with six major solutions.
The stability of the regulatory system is key to luring foreign investment into Vietnam and the rights and benefits of foreign investors must be assured even when policies are changed, officials and executives have said.
Ho Chi Minh City wants to cooperate with Rheinland- Pfalz state of Germany to develop hi-tech agriculture, in line with its current priorities, said Vice Chairman of the city’s People’s Committee Tran Vinh Tuyen.
News and World Report of the US has ranked Vietnam eighth among 29 best economies to invest in, and first among the Association of Southeast Asian Nations (ASEAN) in the list.
Minister of Industry and Trade Tran Tuan Anh affirmed Vietnam’s wish to promote the friendship and economic, trade and investment ties with the UAE while addressing a business forum between the two countries in Hanoi on October 15.
The private economic sector has played an important role in creating a facelift to the infrastructure development in the northern coastal province of Quang Ninh over the recent past.
The northern province of Vinh Phuc has been an ideal destination for investors thanks to its geographical location and preferential policies for investment attraction.
Singapore and Australia have recently started negotiations on a digital economy pact, announced Singaporean Minister for Trade and Industry Chan Chun Sing and Australian Minister for Trade, Tourism and Investment Simon Birmingham on October 14.
The administration of Ho Chi Minh City and the British Business Group Vietnam (BBGV) held a conference on October 14 to seek ways for removing difficulties facing British investors.
The High-level People’s Court in Hanoi on October 14 increased the penalty imposed on one of the four defendants charged with “abusing position and power to appropriate assets” at the State-run Vietnam Shipbuilding Industry Group (Vinashin).
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