Administrative reform outcomes in the central city of Da Nang have helped the city secure foreign investors’ confidence, contributing to attracting more FDI in the locality.
Vietnam has conditions and potential to become a developed country in the future as it boasts rich resources and abundant labour, high education lever, geographical advantages connecting Asia and the world, efficient government and patriotic citizens.
The Hoa Lac Hi-Tech Park in Hanoi has attracted 93 investment projects with registered capital of more than 90.25 trillion VND (3.9 billion USD) so far, including more than 7.95 trillion VND in investment approved last year, the Ministry of Science and Technology has said.
Work started on a five-star hotel complex and an international convention centre, two key components of the FLC Quang Binh Beach and Golf Resort (FLC Quang Binh), in Quang Ninh commune, the central province of Quang Binh, on January 17.
Ho Chi Minh City sets a target of 5 percent industrial growth in 2021 and its four key sectors expanding by at least 6.7 percent, according to its Department of Industry and Trade.
The first meeting of the Vietnam-Germany Joint Committee for Economic Cooperation was held online on January 12, during which participants discussed the cooperation possibilities in industry and trade, manufacturing-processing, energy, and education-training.
The National Assembly (NA)’s Standing Committee will convene its 52nd sitting in Hanoi on January 11 and 12, with NA Chairwoman Nguyen Thi Kim Ngan and vice chairpersons acting as rotating moderators, the NA Office announced on January 8.
China’s direct investment in Cambodia reached 860 million USD in the first 11 months of last year, up 70 percent year-on-year, the Phnom Penh Post cited data from the Chinese Embassy in Phnom Penh as saying on January 5.
The COVID-19 situation has considerably sped up the transition of manufacturing work into Vietnam and the country is uniquely positioned to take advantage of this move.
Vietnamese exporters in the steel and mechanic sectors expect to get easier access to the UK market following the signing of the UK-Vietnam Free Trade Agreement (UKVFTA) last month.
Doosan Heavy Industries Vietnam (Doosan Vina) is projected to complete order for components of biomass power plants using the Circulating Fluidized Bed (CFB) technology to Japan’s Sodegaura Biomass Power Plant by February.
The Ministry of Natural Resources and Environment, in coordination with the World Bank, held a Final Workshop for the “Vietnam Partnership for Market Readiness” project in Hanoi on December 29. After 5 years of implementation, up to now, the project has made basic preparations, paving the way for the formulation of carbon market policies.
The UK-Vietnam Free Trade Agreement (UKVFTA), which will come into force at 23:00 on December 31, 2020, will open the door wider for bilateral economic and trade ties and help form a solid foundation for their strategic partnership to reach a new height.
Multinationals are looking to set up their bases in Vietnam despite various challenges that the country poses as a manufacturing destination, according to the Financial Times in the UK.
HCM City’s gross regional domestic product (GRDP) hit 1.37 quadrillion VND (59.4 billion USD at current exchange rate) in 2020, a year-on-year increase of 1.39 percent.
Despite attracting 341 investment projects with 847.3 million USD in 2018-2020, Da Nang City has to cope with poor development of supportive industries and the skilled labour force for high-tech industries in its efforts to build the city into an investment hub in central Vietnam.
Vietnam moved up four grades to become the second largest exporter to the US in 2020, with its export turnover to the country surging 24.5 percent to an estimated 76.4 billion USD.
The General Department of Vietnam Customs has intensified a drive to crack down on the fraudulent practice of giving foreign goods a fake Vietnam origin in an illegal attempt to take advantage of export tax incentives that the country enjoys under free trade agreements.
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XIII National Congress of Communist Party of Vietnam
