Vietnam holds great potential to develop its paper industry and is likely to rake in more than 1 billion USD a year from paper exports, heard a seminar in Hanoi on October 16.
The Vietnamese Government commits to building a more favourable and competitive investment environment towards international standards and in accordance with commitments to high standards the country has made in new-generation free trade agreements (FTAs), said Prime Minister Nguyen Xuan Phuc on October 4.
The central coastal province of Quang Ngai wants to attract foreign investors in large-scale heavy industry related to deep-water sea ports which is an advantage of the province.
The southern province of Long An is taking action to increase the efficiency of FDI attraction as this form of investment plays an important role in the locality’s socio-economic development, said Chairman of the provincial People’s Committee Tran Van Can.
Foreign direct investment attraction has been an important part of the northern port city of Hai Phong’s development strategy for years.
A huge influx of foreign direct investment (FDI) is making its way into the fields of mechanical engineering, and manufacturing and processing, which are expected to fuel the supporting industry in the coming years if Vietnam issues effective policies, industry insiders have said.
The international manufacturing sector is moving to Vietnam and more FDI is flowing into the country, showing growing confidence among investors in the market.
Deputy Prime Minister Vuong Dinh Hue on September 13 received representatives from Mitsubishi, Deloitte, Hanwha Energy, McKinsey, and HSBC in the framework of the World Economic Forum on ASEAN in Hanoi.
FDI enterprises have become an important driving force for Vietnam’s economic development and international integration after 30 years since the country began attracting FDI.
Foreign-invested enterprises have become an important driving force for Vietnam’s economic development and international integration after 30 years since the country began attracting foreign direct investment (FDI).
A seminar discussing solutions to preventing and reducing child labour took place in Ho Chi Minh City on August 31.
The northeastern province of Quang Ninh is sparing no efforts to maintain its top position in the provincial competitiveness index (PCI), said Chairman of the provincial People’s Committee Nguyen Duc Long.
A capital shortage for local paper manufacturers could make them lose out to foreign direct investment (FDI) enterprises in their own country, according to experts.
Vietnam gained a trade surplus of 3.1 billion USD in the first seven months of this year, reported the General Statistics Office (GSO).
The US remained Vietnam’s largest export market with a value of nearly 21.6 billion USD as of mid-July, accounting for 19 percent of the total.
Local authorities in the central coastal and Central Highlands areas should remove post-licensing obstacles and improve inspection activities to boost their provincial competitiveness index (PCI), an official has said.
Vietnam will see great momentum for stronger export growth in the second half of 2018, with its export-import turnover estimated to reach the 500 billion USD benchmark by 2019.
This year marks 30 years since foreign direct investment (FDI) first entered Vietnam. Since then, FDI has contributed to the country’s socio – economic development by boosting exports, enriching the State budget and shifting the economic structure.
