Vietnamplus

The 15th National Assembly (NA) continued its ongoing fifth session with plenums presided over by Chairman Vuong Dinh Hue on June 1.

A conference promoting trade and investment linkage between Vietnam and China’s Shandong province – a large-scale and important market of the Chinese economy – took place in Hanoi on June 1, witnessing the signing of seven business cooperation pacts.

Ho Chi Minh City is striving to reactivate several key projects that have been shelved for years with a view to helping ease flooding and traffic congestion.

VinaCapital, Vietnam’s most diversified asset manager, and A.P. Moller Capital, a global fund manager focused on high growth markets, have set up a joint platform to grow and scale investments in transportation and logistics infrastructure in Vietnam.

The Thailand Board of Investment (BOI) announced on May 22 that the number of applications for investment during the first quarter of this year surged by 77% annually to 185.7 billion THB (5.4 billion USD), led by electronics, food and automobiles.

National Assembly (NA) deputies on May 22 discussed a report on supplementary assessments on outcomes of the socioeconomic development plan and State budget in 2022 and the implementation of such plan for the first months of this year, following the opening of the 15th NA’s fifth plenary session.

A programme to boost connection between businesses of the Republic of Korea (RoK) and those of the northern province of Bac Ninh was held in the province on May 18.

The investment of domestic and foreign investors in tourism infrastructure, especially resort real estates, poor rural areas have been turned into enchanted destinations for tourists, making Vietnam more attractive to investors.

Deputy Prime Minister Le Minh Khai on May 15 signed a decision approving an investment policy for the construction and operation of infrastructure at VSIP Lang Son Industrial Park in the northern mountainous province of Lang Son.

The index of industrial production (IIP) in April was estimated to increase by 3.6% month on month and by 0.5% over the same period last year, according to the General Statistics Office (GSO).

Malaysia can continue to bank on its strong bilateral trade and investment linkages, especially within ASEAN, to boost its trade as well as take advantage of various trade pacts such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), said a Malaysian scholar.

Deputy Prime Minister Tran Hong Ha has asked ministries and central agencies to work closely with localities to remove obstacles for particular projects, thus speeding up public investment disbursement.

President of Peru Dina Boluarte spoke highly of the relationship of cooperation between Vietnam and Peru, during a recent meeting with outgoing Vietnamese Ambassador to Brazil and Peru Pham Thi Kim Hoa.

Czech Prime Minister Petr Fiala and his entourage visited the Škoda Auto automobile manufacturing and assembly plant project at Viet Hung Industrial Park in the northern province of Quang Ninh on April 22 as part of his ongoing official visit to Vietnam.

Austrian companies want to cooperate with Hanoi in areas that they are strong in, especially the development of smart cities and urban transport, said Philipp Gady, Vice President of the Austrian Federal Economic Chamber who accompanied Foreign Minister Alexander Schallenberg during a visit to Vietnam from April 16-18.

National Assembly (NA) Vice Chairman Nguyen Duc Hai on April 18 presided over a meeting with ministries and NA departments on the allocation of the remaining capital for the medium term of 2021-25, which could greatly affect key projects and growth.

Vietnam will continue with synchronous measures to attract foreign investment effectively, especially from Australia, said deputy head of the Ministry of Planning and Investment (MPI)’s Foreign Investment Agency (FIA) Vu Van Chung at the Vietnam-Australia Investment Forum held in Hanoi on April 17.

Policies are needed to boost the number of domestic enterprises participating in the supply chain of multinational companies, and a boost is necessary in the localisation rate of the processing and manufacturing industry, which now remain modest, insiders said.

Malaysian Prime Minister Anwar Ibrahim has announced that the his government cabinet will set up a committee to supervise investments.

Hanoi has focused on pushing investors and contractors to increase resources and speed up the progress of major projects and works in the city in the first months of this year.