The authorities of northern Bac Ninh province always create favourable conditions for, and work to promptly remove difficulties facing foreign businesses, including those from the Republic of Korea (RoK), to effectively operate in the locality, Secretary of the provincial Party Committee Dao Hong Lan has said.
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 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.
Vietnamese and Indian businesses sought partnership opportunities in garment and textile sector during an online conference held by the Vietnamese Trade Office in India and the Indian Importers Chambers of Commerce and Industries (IICI) on December 30.
The Ministry of Science and Technology (MoST) will speed up a scheme on promoting the transfer, mastery, and development of technology from abroad in priority fields to 2025 with orientations to 2030.
The General Department of Vietnam Customs has put forward various policies to accelerate public administrative reforms and support domestic exporters and importers since the beginning of this year in response to the impacts of the COVID-19 pandemic.
The International Expo on Support Industries and Processing - Manufacturing (VIMEXPO) 2020 kicked off in Hanoi on December 9, featuring nearly 250 stalls from over 170 exhibitors.
The Ministry of Industry and Trade has made public for comments draft amendments to Decree No 40/2018/ND-CP about managing multi-level marketing business.
Vietnamese businesses operating in support industries have been developing in both quantity and quality in recent years, with improved production capacity and increasing engagement in global production chains.
Vietnam needs to have a law on the supporting industry to aid its development, according to the chairman of the Vietnam Chamber of Commerce and Industry (VCCI).
Dong Nai province has consistently been among the leading localities in Vietnam in attracting foreign investment over recent years, with local authorities continuing to innovate and create a favourable investment environment.
Industrial parks (IPs) and export processing zones (EPZs) in HCM City attracted investment totalling 591 million USD in the first 10 months of this year, an increase of 7.16 percent year-on-year, according to the HCM City Export Processing and Industrial Zones Authority (HEPZA).
Vietnam still managed to maintain export growth in the first 10 months of this year despite COVID-19, and exports for the year as a whole are expected to rise 3-4 percent against 2019, according to the Ministry of Industry and Trade (MoIT).
The southern province of Dong Nai has remained a magnet for FDI, with major groups from the Republic of Korea, Taiwan (China), Japan, Singapore, and China all pouring capital into the locality.
The northern province of Bac Ninh has set itself a target of 2,500 new enterprises each year in the period from 2020 to 2025, as part of its scheme to support small and medium-sized enterprises (SMEs).
Vietnam maintained its upwards trend in exports at a time when COVID-19 has ravaged international trade, with year-on-year growth of 4.2 percent posted in the first nine months of 2020, according to the General Statistics Office (GSO).
The 2020 Sourcing Fair Supporting Industries (SFS 2020) was held on September 17 to help companies in supporting industries expand their markets and join global supply chains.
The southern province of Ba Ria - Vung Tau was one of the leading localities in attracting investment during 2016-2020, Director of the provincial Department of Planning and Investment Nguyen Cong Vinh has said.
Vietnam has become one of the world’s fastest growing economies since the country first opened up to foreign trade and investment more than three decades ago, with GDP last year being 12.5 times higher than in 2001 and growth averaging 7.26 percent from 2001 to 2010.
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