A lack of Vietnamese firms' presence in the Indian market is a shortcoming that has hindered trade between the nations, saidVietnamese Ambassador to India Pham Sanh Chau at a recent seminar.
Total registered capital of new foreign-invested projects and additional capital in existing ones in Hanoi amounted to 519.2 million USD in the first five months of this year, according to the Statistics Department of Hanoi.
The foreign direct investment (FDI) sector continues to be an important economic driver, contributing to making Vietnam more prosperous, Deputy Prime Minister Pham Binh Minh said.
Some UPCOM-listed companies are enjoying stable earnings brought by joint ventures they established with foreign partners, but their core businesses remain insignificant.
Business cooperation between Vietnam and Belarus will be further developed following trade deals inked between the two sides in the northern province of Hung Yen on March 29 in the presence of Belarusian Deputy Prime Minister Vladimir Semashko.
Russian auto makers will join hands with Vietnamese partners to set up manufacturing companies in Vietnam, as part of an amended protocol signed between the two governments in Hanoi on December 27.
Vietnam and Russia have agreed to effectively implement the Vietnam-Eurasian Economic Union (EAEU) Free Trade Agreement (FTA) in order to create breakthroughs in economic, trade and investment ties between the two countries, gearing towards bilateral trade of 10 billion USD in 2020.
The equitisation of State-owned enterprises (SOEs) should be stepped up towards transparency in line with the market mechanism, heard a workshop in Ho Chi Minh City on June 23.
International Finance Corporation (IFC), a member of the World Bank Group, has invested 230 billion VND (approximately 10.2 million USD) in PAN Farm JSC to support the expansion of its seed business, which is suitable for local weather conditions in the Mekong Delta and the south central coastal regions.
Vietnamese and Indian businesses discussed new cooperation plans, including the establishment of joint ventures in information technology, during a workshop in Ho Chi Minh City on October 6.
The northern coastal province of Quang Ninh has been promoting the public-private partnership (PPP) investment and management model aiming to become a service-industry oriented locality by 2020.
Vietnamese Deputy Minister of Industry and Trade Hoang Quoc Vuong suggested Vietnam and Belarus increase technological transfers and establish joint ventures.
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