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.
Hanoi’s Department of Industry and Trade Director Le Hong Thang on December 22 announced that the Capital eyes a pickup of 7.7-8.1 percent in export revenue, 8.2 percent increase in Index of Industrial Production (IIP) and 11 percent surge in total retail sales.
Vietnam’s paint and printing ink industry is expected to enjoy a growth rate of 8 percent in volume and 10 percent in value compared to last year, according to the Vietnam Paint and Printing Ink Association.
Vietnamese conglomerate TTC Corp expects to start construction work on the country’s first three solar power projects in the first half of 2018.
This is a new car production factory in Vietnam with the localization rate of over 60%, capacity of 20,000 vehicles / year and total investment capital of VND 7,000 billion
Vietnam has accelerated its privatization program in recent weeks in an overall effort of the country’s economic restructuring.
The textile and garment sector is making a notable contribution to the overall growth of Vietnamese economy with Vietnam`s highest export turnover.
The Vietnam Hardware & Hand tools Expo 2017 will be opened from 06th to 09th Dec, 2017 at Saigon Exhibition & Convention Center (SECC), Ho Chi Minh City.
With regard to cars with 2000cc engine, import tariffs for auto parts will be reduced to 0% for 5 years (2018 – 2022).
This target is set at the annual meeting of the Vietnam Textile & Apparel Association (VITAS) on December 4.
According to a General Department of Vietnam Customs report, Vietnam recorded a trade surplus of 2.8 billion USD in the first 11 months of 2017, mainly contributed by the foreign-invested sector.
The rate of improvement in Vietnamese manufacturing business conditions continued to soften in November.
A national development strategy with focus on identifying core products and generating breakthroughs should be built to help Vietnam’s electronics industry improve the efficiency, experts said.
South Korean chemical maker Hyosung in December will break ground on a 1.2 billion USD complex capable of cranking out 600,000 tons of polypropylene annually in Vietnam.
At present, Vietnam is the 12th world’s largest electronics exporters and the third largest exporter in ASEAN. However, 95% of export value is coming from the Foreign Direct Investment (FDI) sector, while the domestic enterprises have not contributed much to this gain.
Vietnam could receive a significant boost to its natural gas supplies as soon as 2023, allowing it to expand its power and petrochemical sectors, after signing two agreements during last week’s APEC summit to buy gas at home and from Indonesia.
The cooperation is part of a series of billions USD deal signed between companies of Vietnam and the U.S.
According to General Statistics Office, in the first 10 months of 2017, industrial output has increased by 8.7% compared to the same period of last year, which is higher than an increase of 7.3% in the same period of 2016 and 7.9% in the first 9 months.
According to the Doing Business Report 2018 of the World Bank, the indicator of getting electricity of Vietnam in 2017 is 78.69 scores out of 100, up 32 places compared to the last year’s rank at 64th. This is the highest improvement of Vietnam since 2013 to present.
The Vietnamese manufacturing sector paused for breath in October, with output rising only marginally during the month. New order growth also slowed, but remained solid amid a faster increase in new export orders.
The Vietnam Hanoi Textile & Garment Industry – Fabric & Garment Accessories Expo 2017 (HanoiTex 2017) is co-organized in Hanoi annually by Vietnam National Textile & Garment Group (VINATEX), CP Exhibition Hong Kong and Vietnam Chamber of Commerce & Industry Expo from November 1 – 3 at the International Center for Exhibition.
