business

PM Nguyen Xuan Phuc (centre) at the conference of investors in Nghe An (Photo: VNA) Nghe An, (VNA) – Prime Minister Nguyen Xuan Phuc on February 23 attended a conference of investors in the central province of Nghe An on the occasion of the beginning of the Year of the Pig, which was held by the Vietnam Bank for Investment and Development (BIDV) in coordination with Nghe An authorities.   Addressing the conference, PM Phuc expressed joy at the economic growth of Nghe An in recent years and shared the participants’ trust in a bright future of the province. Stressing the province’s role, he pointed to its limitations such as a lack of high-quality human resources and low per capita income.   The PM urged Nghe An to work harder to improve the business and investment environment, reform administrative reforms and create the best possible conditions for investors. At the same time, he asked the investors not to give up when facing difficulties, adding that the … [Read more...] about PM attends investors’ spring conference in Nghe An

The wood and forestry export turnover for 2019 needs to surpass USD11 billion, PM Nguyen Xuan Phuc stressed at the forestry and wood industry forum held on Friday in Hanoi. PM Nguyen Xuan Phuc speaks at the forestry and wood industry forum in Hanoi on February 22 The event which was held by the Ministry of Agriculture and Rural Development, attracted participation of over 600 delegates from the relevant ministries and departments, and representative from more than 300 businesses who discussed wood processing and exports in 2018 and targets for 2019. A report released by the Ministry of Agriculture and Rural Development said that Vietnam earned USD9.38 billion from exporting wood and forestry products last year, making up over 23% of the agricultural sector’s export turnover and recording a trade surplus of USD7 billion. "Vietnam has exported wood and forestry products to over 120 countries and territories, becoming the fifth largest exporter of wood and forestry … [Read more...] about PM sets higher target for wood and forestry exports

Lao Bao border gate facilitates trade between Vietnam and Laos. (Photo: VNA) Hanoi (VNA) – The upcoming visit to Laos made by Party General Secretary and President Nguyen Phu Trong from February 24-25 is expected to serve as a launching pad for both nations to tap their economic cooperation potential to the fullest extent. According to the Ministry of Industry and Trade (MoIT), effective border trade management tools have been applied by the two Governments in recent years, helping the bilateral trade reach more than 1 billion USD in 2018, up 13 percent against the previous year and fulfilling the trade growth target set at the 40th meeting of the Vietnam-Laos Inter-Governmental Committee. A bilateral trade agreement and a border trade deal signed in 2015 together with various cooperation agreements in the fields of investment, transport, security-defence, and agriculture have laid the legal foundation for and provided the prerequisite for bilateral economic and trade … [Read more...] about Top Vietnamese leader’s visit expected to boost Vietnam-Laos trade

An exhibition on HCM City’s key industrial and agricultural product groups (Source: VNA) HCM City (VNS/VNA) – The HCM City People’s Committee will offer more support such as workforce training and financial assistance to companies that make key industrial products. Favourable loans policies and trade facilitation will also provide to businesses that make key industrial products, which include moulded metallic products such as high-precision moulds, steels and machine parts, electronic goods and cables, plastic and rubber, processed foodstuff, drinks, IT and clothing. Medicine, medicinal chemistry and pharmacognosy (study of plants and natural sources for use as drugs) are classified as product groups with high potential. The city will help businesses invest and expand their activities, as well as give priority to land for companies operating in key industrial product groups and groups with high potential. These businesses will receive favourable investment … [Read more...] about HCM City focuses on industrial products

Prime Minister Nguyen Xuan Phuc (fifth from right) at the event (Source: VNA)   Nghe An (VNA) – Vietnam’s laws always protect the legitimate rights of investors and attach importance to all economic sectors, considering the private one as an important driving force of the development, Prime Minister Nguyen Xuan Phuc said on February 23. Meeting representatives of major enterprises and investors in the central province of Nghe An, the Government leader also spoke highly of their decisions to do business in the locality, which helps create more jobs and raise income for locals and accelerate regional socio-economic development. The Government and local authorities always facilitate investors, the PM reiterated In his reception of leading officials of foreign enterprises, PM Phuc expressed his hope that they will intensify their investment in the region in the fields of their strength and locality’s need. Their work should take into consideration the … [Read more...] about PM encourages investors in central province