News

The National Assembly (NA)’s Committees for External Relations, Economic Affairs, Finance and Budget and Committee for Science, Technology and Environment chaired a conference on impacts of the Trans-Pacific Partnership (TPP) agreement to Vietnam’s economic, financial and intellectual property sectors in Vinh city, the central province of Nghe An on July 7.

HCM City should promote the public-private partnership model in infrastructure projects to diversify capital resources for developing urban infrastructure, according to economic experts.

The propery market in Hanoi in the second quarter of this year saw a stable growth, Associate Director Research at Savills Vietnam Do Thu Hang said in a press conference in Hanoi on July 4.

Russian President Vladimir Putin has signed a federal law on ratifying the Agreement between the Russian and Vietnamese Governments on cooperation in geological survey and production of oil and gas in Russia within the framework of the joint venture Rusvietpetro.

Japan’s biggest airline ANA Holding Inc (ANA) has completed the purchase of an 8.77 percent stake in Vietnam Airlines, becoming a strategic shareholder of the national flag carrier.

The southern province of Binh Duong is expected to be a major logistics centre in the region on the back of its location near seaports and infrastructure, as heard at a local seminar held on June 30.

A Republic of Korea (RoK) - Vietnam forum to boost co-operation between their electrical industries was organised recently in HCM City with the participation of more than 40 enterprises.

The Vietnam Chamber of Commerce and Industry (VCCI) and the Cuban Embassy in Hanoi co-chaired a Vietnam-Cuba business meeting in Hanoi on June 29.

Among the 53 localities, the northern port city of Hai Phong leaded among localities nationwide in drawing foreign direct investment (FDI). The capital city was the second most attractive destination for foreign investors with 1.63 billion USD, or 14.45% of the total FDI.

Hanoi city will take top priorities for increasing promotion activities and improving the business environment in order to draw more domestics and foreign capital investment, especially foreign direct investment (FDI), the municipal authorities affirmed at a conference on investment attraction held in early June.

The Ministry of Transport has submitted a draft decree on conditional business lines. According to the draft, a new airline must have capital of at least 100 billion VND (4.66 million USD).

KPMG, one of the Big4 and the leading firm in audit and professional services, announced on June 22 that it will be launching a new service to provide corporations and organisations access to highly trained professionals for short-term secondments.

The Vietnam - South Africa business meeting held on June 23 in HCM City with the participation of nearly 20 South African enterprises, offers opportunities for business of both nations to boost their partnership, according to Nguyen The Huong, Vice Director of the Vietnam Chamber of Commerce and Industry (VCCI)’s branch in HCM City.

HCM City authorities plan to address business competitiveness and productivity at meetings with investors to respond to the sharp drop in foreign direct investment (FDI) this year.

The Airports Corporation of Vietnam will pour over 26.2 trillion VND (1.17 billion USD) for the upgradation of airports to meet travel demands and socio-economic development by 2018.

Hanoi People`s Committee recently announced the list of 43 projects that are being called for investors in the 2016-2020 period, phase 1, with the total cost of 372.25 trillion VND (16.6 billion USD).

Vietnam’s international integration in the next five years will be on a much higher level than it is at present, Deputy Foreign Minister Bui Thanh Son said at a roundtable in Hanoi on June 17.

The Ministry of Industry and Trade and the United Nations Industrial Development Organisation (UNIDO) held a ceremony in Hanoi on June 17 to launch a project on supporting the Vietnamese Government in building industrial strategies and related policies through institution capacity development.

The Asian Development Bank (ADB) and the Orient Commercial Joint Stock Bank (OCB) on June 15 signed an agreement under which the ODB will join the ADB’s Trade Finance Programme (TFP).

Vietnam is drafting a law on extending support to small and medium-sized enterprises (SMEs).