Vietnamplus

The Vietnam Institute for Economic and Policy Research (VEPR) has predicted Vietnam’s economic growth would accelerate in the third quarter and then reach 7.17 percent the last quarter to hit the Government’s target of 6.6 to 6.8 percent for the full year.

The Department for Economic Zones Management under the Ministry of Planning and Investment (MPI), and the Swiss Federal Department of Economic Affairs, Education and Research have signed a cooperation deal on eco-industrial park (EIP) development in Vietnam.

The domestic supporting industry needs to improve to take advantage of foreign direct investment (FDI) pouring into Vietnam, experts have urged.

AQUA Electrical Appliances Vietnam Co., Ltd. has opened a drum washing machine factory with modern equipment and advanced technologies.

Secretary of China’s Jiangsu provincial Party Committee Lou Qinjian has said Jiangsu wants to foster cooperation and share experience with Vietnam in economic and industrial park development, people-to-people exchange, culture and tourism.

Industrial parks in the country have reported an average occupancy rate of nearly 74 percent, according to the Ministry of Planning and Investment’s Economic Zone Management Department.

A total of 280,084 people have received unemployment allowances so far this year, and more than 13,600 people were supported with vocational training.

Swedish food processing and packaging solution provider Tetra Pak inaugurated a plant at Vietnam – Singapore II Industrial Park in the southern province of Binh Duong on July 3 to manufacture sterilised paper boxes.

Vietnam and the European Union (EU) last week signed a landmark free trade deal that will slash tariffs on almost all goods, including wood and timber products. It is expected to give Vietnamese wood exporters better market access and more opportunities to expand their business.

Quang Ngai should improve its investment climate in order to raise the provincial competitiveness index (PCI), which currently stands at 41st position, Prime Minister Nguyen Xuan Phuc said.

The central province of Thua Thien – Hue is giving priority to green energy projects, especially solar power.

The Mekong Delta province of Tien Giang shipped overseas 1.5 billion USD worth of products in the first half of 2019, up over 11.3 percent against the same period last year.

Leading Japanese corporations on July 1 signed Memoranda of Understanding (MoU) with Hanoi to invest a total of close to 4 billion USD in projects in the capital city.

The EU – Vietnam Free Trade Agreement (EVTA) to be signed on June 30 will bring both opportunities and challenges to Vietnam, so domestic enterprises should be really prepared to take full advantages of benefits from the deal, said Sebastian Eckardt, lead economist of the World Bank (WB) in Vietnam.

Many solar power plants have become operational in the southern region in the first half of 2019, showing part of the solar power development wave to meet the economic growth demand in Vietnam.

Foxconn Vietnam is planning to open a television screen component factory in the northeastern province of Quang Ninh with a labour demand of 3,000 workers.

The real estate market in the northeastern province of Quang Ninh is booming this year, in line with previous forecasts.

The property market in the southern province of Binh Phuoc is expected to heat up because of industrial zone planning from now to 2030, according to experts.

Marubeni Corporation of Japan said it plans to invest 12.7 billion JPY (117.7 million USD) for building an instant coffee processing plant in an industrial park in the southern province of Ba Ria - Vung Tau.

The Vietnamese Government will work to remove bottlenecks and create the best conditions for enterprises from the Republic of Korea to operate in Vietnam, Deputy Prime Minister Vuong Dinh Hue stressed on June 19.