Vietnamplus

There are around 145,000 small-and-medium-sized enterprises (SMEs) currently run by women in Vietnam, accounting for a quarter of all SMEs nationally.

Although Vietnam’s agro-forestry-fishery sector grew 3.76 percent in 2018, the sector is operating below its potential.

The Vietnamese Government highly appreciated investors from the Republic of Korea (RoK), including Samsung, for their efforts towards maintaining the RoK’s position as the largest foreign investor in Vietnam for many years, said Deputy Prime Minister Trinh Dinh Dung.

Deputy Prime Minister Trinh Dinh Dung asked the Republic of Korea’s (RoK) Hyundai group to base its strategic production centre in Vietnam while receiving Vice Chairman of Hyundai Engineering & Construction Co. Chung Jin-haeng in Hanoi on February 22.

A delegation from Food Valley of China (FVC) led by former Chinese Ambassador to Vietnam Hu Qianwen made a fact-finding tour to the southern province of Binh Phuoc on February 20 to study the possibility of boosting exports via official channels to China.

Provinces and cities in the Mekong Delta have set to develop high-quality agriculture combined with eco-tourism, services and industry as their ambitious targets this year.

Vietnam will continue to hasten efforts to improve the business climate in terms of quality to create favourable conditions for the private sector to play its role as a driver in promoting rapid and sustainable economic growth.

The central province of Thua Thien-Hue strives to attract 15 domestic and foreign projects worth 400 million USD this year.

The Vietnam News Agency (VNA) looks back at the ten most prominent events of Vietnam in 2018.

In 2018, Vietnam’s total rice exports reached 6.15 million tonnes, with export turnover of 3.15 billion USD. The industry saw a 5.7 percent increase in volume and a 19.6 percent increase in value compared to 2017.

A delegation of Japanese businesses had a working session with the Vietnam Cooperative Union of Agricultural Consumption (UCA) in Hanoi on January 31 to seek investment cooperation opportunities in the field of high-tech agriculture.

Hanoi needs to use a different approach in order to attract and effectively use foreign direct investment (FDI), given new opportunities and challenges that are expected to pop up in the next 10 years, Deputy Prime Minister Vuong Dinh Hue said at a working session with municipal leaders on January 29.

The Mekong Delta province of Vinh Long is planning to make changes to its socio-economic master plan to reflect changes on the ground.

Provinces and cities in the Mekong Delta have set ambitious targets this year with a focus on high-quality agriculture combined with eco-tourism, services and industry.

The Ministry of Planning and Investment (MPI) has composed a draft plan for sustainable development of Vietnamese private enterprises by 2030.

The PetroVietnam Gas Corporation (PV Gas) will be a supplier of liquefied natural gas (LNG) for the Nhon Trach 3 and 4 power plants under a framework agreement between the firm with the PetroVietnam Power Corporation (PV Power).

The Ministry of Industry and Trade will focus on developing the domestic market in 2019 with the view to creating a fulcrum for sustainable economic growth besides export, according to an official of the ministry.

Though local businesses posted export growths, their contributions to the country’s export value have yet accounted for a half of the contributions of foreign direct investment (FDI) enterprises.

Vo Tri Thanh, Director of the Institute for Brand and Competitiveness Strategy, said export performance in 2018 was very positive.

In 2018, Vietnam’s total rice exports reached 6.15 million tonnes, with export turnover of 3.15 billion USD. The industry saw a 5.7% increase in volume and 19.6% increase in value compared to 2017.