News

Prime Minister Nguyen Xuan Phuc suggested the central province of Quang Ngai focus on investing in tourism and services while paying more heed to human resource development at a conference on investment promotion in the locality on August 10.

A delegation from Myanmar led by Aung Naing Oo, Director General of the Directorate of Investment and Company Administration (DICA) under the Ministry of National Planning and Finance made a working visit to the northern province of Ha Nam on August 9.

A conference held in Kolkata, capital city of the state of West Bengal in India, last week aimed to promote investment opportunities in CLMV countries which comprise Cambodia, Laos, Myanmar and Vietnam.

The central province of Thua Thien-Hue holds huge potential in developing tourism, industry, agriculture and the marine-based economy, Deputy Prime Minister Vuong Dinh Hue stressed at a local investment promotion conference on August 8.

Overseas remittances transferred to Ho Chi Minh City reached 2.5 billion USD in the past seven months, representing a 4.16 percent rise year on year.

The State Bank of Vietnam (SBV) has agreed in principle to allow Woori Bank, a subsidiary of the Woori Financial Group from the Republic of Korea (RoK), to establish its wholly-owned unit in the country.

VINCI, a French-based leading global group in infrastructure construction and concessions, hopes to cooperate with the Vietnamese Government and partners to develop highway projects in the country.

Two of Vietnam’s richest groups have made significant progress in their ambition to become Vietnam’s largest hotel chain developers abroad.

The Danang Port JSC started the second phase of a project to expand Tien Sa Port on July 31, to make it a modern container port in the central region.

According to the Vietnam Trade Office in Australia, the country which imports 1.7 - 2 billion USD of fruit and vegetable each year, is expected to be a attractive market for Vietnamese fruit and vegetable.

The 2016 Vietnam – Singapore Business Forum, hosted by the Vietnam Chamber of Commerce and Industry (VCCI), will be held in HCM City on July 20.

Under the master plan and road map for online procurement for 2016-2025 period which has just been approved by the Prime Minister, all Government`s regular procurement transactions and bulk procurement will be done via the electronic national bidding system by 2025.

Vietnam ICT COMM 2016, an exhibition of information and communication technology products scheduled to take place in Hanoi from July 20-22, will draw the participation of some 150 exhibitors including foreign and Vietnamese IT companies.

Deputy Prime Minister Vuong Dinh Hue stressed at a conference in the central province of Khanh Hoa on July 16 the needs to boost attracting foreign direct investment (FDI), one of the key solutions to realise this year’s socio-economic development targets.

The central city promises to create smooth conditions and top priorities for Singapore’s investors in the fields of high-tech, information technology, renewable energy and high quality education.

A seminar to disseminate information on the free trade agreements (FTAs) Vietnam has signed was organised in the Mekong Delta province of Tien Giang on July 14.

Addressing the Vietnam-Mongolia Business Forum on July 14 during his ongoing official visit to Mongolia, Prime Minister Nguyen Xuan Phuc affirmed that Vietnamese Government will create the most favorable conditions for Mongolian investors to do business in the country in the time ahead.

Over 54,500 companies were set up in the first six months of this year with a combined registered capital of 427.8 trillion VND (19.2 billion USD), increasing by 20 percent year-on-year in the number of companies and 51.5% in capital, according to the General Statistics Office.

Japanese brewer Sapporo Holdings is launching a cheaper beer brand later this month, marking its expansion from the high-end segment of the Vietnamese beer market.

Thailand hopes to become one of the 10 biggest investors of Vietnam in the next two or three years from the 11th ranking at present, the Dau Tu (Investment) newspaper said, quoting President of Thailand-Vietnam Business Council Sanan Angubolkul.