The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has agreed to provide 1.5 trillion VND (65.1 million USD) in credit for the PetroVietnam Gas Corporation (PV Gas) to finance the second phase of the adjusted Nam Con Son 2 Gas Pipeline Project.
The number of foreign direct investment (FDI) enterprises continues to increase in Vietnam, but more are reporting losses. The Ministry of Finance (MoF) said FDI firms' contributions were not yet commensurate with the preferential policies given to them.
The UK-Vietnam Free Trade Agreement (UKVFTA), which became effective on January 1, is expected to create a strong motivation pushing Vietnam forwards on the path of economic development and international integration.
The Presidential Office held a press conference in Hanoi on December 31 to announce an order of the State President on the promulgation of an ordinance on preferential treatment for People with meritorious service to the revolution.
The authorities of the southern province of Binh Phuoc on December 16 held a virtual investment promotion conference with enterprises from the Republic of Korea (RoK).
Although Vietnamese enterprises continue to do well amidst the COVID-19 pandemic, the Government should devise more drastic measures to remove bottlenecks for them to develop further, according to experts.
More drastic reforms of construction-related administrative procedures must be carried to improve transparency and reduce costs for enterprises, heard a conference organised by the Vietnam Chamber of Commerce and Industry (VCCI), the Ministry of Construction and the Friedrich Naumann Foundation in Hanoi last week.
The northern coastal province of Quang Ninh has given top priority to develop the manufacturing and processing industry, making it one of the three key pillars in the industry sector.
Predictions on the intensity and impacts of environmental issues on various socio-economic aspects must be highlighted in the draft documents to be submitted to the 13th National Party Congress, said deputy head of the Vietnam Environment Administration (VEA) Nguyen Hung Thinh.
Socio-economic development issues and a draft amended Law on Drug Prevention and Control will be high on agenda at the 10th session of the 14th-tenure National Assembly on November 2.
The northern port province of Quang Ninh has introduced new policies in the hope of making processing-manufacturing one of the three key pillars in its industry sector, along with mining and power and gas production and distribution.
The Mekong Delta province of Tra Vinh plans to switch to high-value crops on more low-yield rice fields and use advanced farming techniques to improve farmers’ incomes in the next five years.
Vietnam's leather and footwear industry was on course for a strong recovery as more international fashion brands were valuing the country as an important part of the global supply chain, according to the Vietnam Leather, Footwear and Handbag Association (LEFASO).
The central coastal city of Da Nang has determined it will promote high-tech agriculture as one of five spheres of socio-economic development, and has issued a number of attractive mechanisms and policies to attract greater investment. Not only creating clean, high-quality products for the market, many high-tech agricultural models have also brought handsome returns to investors.
High-quality, affordably priced tours are needed to attract local tourists, especially following the second COVID-19 outbreak that occurred this summer, experts have said.
The Mekong Delta province of Bac Lieu is rolling out measures to turn it into a shrimp production hub of the country, said Deputy Secretary Party Committee and Chairman of the People’s Committee of the province Duong Thanh Trung.
The war has been over for nearly half a century. However, millions of Vietnamese exposed to Agent Orange (AO)/dioxin continue to suffer from its consequences on a daily basis.
The Ministry of Construction is completing a draft resolution to encourage the development of low-cost commercial apartments to submit to the Government in the third quarter of this year.
The International Finance Corporation (IFC) – a member of the World Bank Group – has signed an agreement to provide another 40 million USD for the Orient Commercial Bank (OCB) to help it with the support of COVID-hit clients, especially small and medium enterprises (SMEs).
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