Hanoi and South Korea's Incheon aim to increase their visibility among Vietnamese and international travelers through a series of events to promote MICE (Meetings, Incentives, Conferences and Exhibitions) tourism and medical tourism to Vietnam.
The Dung Quat Oil Refinery needs up to US$2 billion to raise its annual processing capacity from its current 6.5 million tonnes to 10 million tonnes in the future.
Minister of Planning and Investment Bui Quang Vinh met with leaders of southern Binh Phuoc province on July 14, discussing plans for the construction of a state-of-the-art Spanish invested rubber latex processing plant.
The domestic truck market has seen significant growth since the Ministry of Transport`s decision to increase control and oversight of overloaded vehicles and ensure the safety of all drivers on the roads.
Despite facing many difficulties, the index of industrial production ticked up in the first six months.
A long-term industrial development strategy recently approved by the Prime Minister targets an industrial production to GDP ratio of over 50% by 2030 and full integration into the global value chain by 2035.
To end any dependence on China and avoiding risks involved in doing business with Chinese enterprises, Vietnam should continue economic restructuring and integration.
The Vietnam Cashew Association (Vinacas) has called for commercial banks to lower interest rates for local cashew nut exporters in a bid to stimulate lending to revamp the industry and increase competitiveness.
To develop its support industries, HCM City needs to identify the main sectors and focus on training, technology, and incentives for their development, experts told a seminar on attracting investment in the sectors last week.
Wood processing exports are likely to reach from US$6-6.2 billion this year, according to the Ministry of Agriculture and Rural Development (MARD).
Chairman of the Vietnam Cement Association, Nguyen Quang Cung said that cement consumption in the first six months was nearly 33 million tonnes, up roughly 10 percent year on year.
Vietnam import-export turnover of the first half of 2014 reached over US$ 116.04billion, said General Department of Vietnam Customs.
Vietnam`s industrial production is seeing improvement, with estimated growth of 5.8 percent seen in the first half of this year, higher than last year`s 5.3 percent rise.
The US praised Vietnam for stabilising orders in industrial parks and export processing zones as businesses resumed their normal operations after disturbances by rioters in response to China’s actions in the East Sea.
Vietnam sets the goal of meeting the standards of the ASEAN-6 group in terms of business licensing and insolvency; tax payment; customs formalities; and access to electricity supply and credit, as well as investment protection, by 2015.
Overall business conditions in the manufacturing sector strengthened in May amid an ongoing increase in client demand as output increased for the eighth consecutive month amid another solid expansion in new business, according to the HSBC Vietnam Manufacturing PMI report.
The Ho Chi Minh City People’s Committee and the Economy, Trade and Industry Department of Japan’s Kansai region signed a framework agreement on cooperation, under which they will enhance connections in support industry.
PM Nguyen Tan Dung on Sunday issued an Instruction to task relevant ministries, agencies and localities to beef up the realization of measures to support foreign-funded enterprises which were affected by recent anti-China protests in some localities.
PM Nguyen Tan Dung has approved supplementary solutions supporting businesses affected during disturbances triggered by opportunists in several localities in protests against China’s illegal placement of its Haiyang Shiyou 981 oil rig in Viet Nam’s continental shelf and exclusive economic zone.
The banking system is plagued by low credit growth, huge liquidity but firms unable to borrow, and difficulty in selling mortgaged assets to liquidate bad loans, heard a meeting between National Assembly members representing HCM City and the central bank in the city on Monday.
The Industrial Components and Subcontracting Vietnam (ICSV) Exhibition 2014 and the Vietnam Manufacturing Expo 2014 slated for August 27-29 in Hanoi will allow domestic manufacturers to seek new business and investment opportunities.
