Economy

Nguyen Quang Hung, Deputy Director of the Directorate of Fisheries In November, the EC will come to Vietnam for the second time to check and re-evaluate the implementation of these recommendations. Nguyen Quang Hung, deputy director of the Directorate of Fisheries under the Ministry of Agriculture and Rural Development, speaks to the Vietnam News Agency about this issue. What has Vietnam achieved recently to meet the EC’s requirements? Vietnam has implemented groups of solutions according to the EC’s nine recommendations in abolishing the yellow card warning the EC imposed on Vietnamese seafood for failing to make progress in fighting illegal, unreported and unregulated (IUU) fishing. Vietnam has set up a National Steering Committee on Illegal, Unreported and Unregulated (IUU) Fishing Prevention and Control to facilitate direction on this issue from central to local levels. In addition, 28 coastal provinces and cities have also set up offices of inspection and control … [Read more...] about Vietnam sees success in removing fishing yellow card

The local currency bond market grew to $52.9 billion, it said in a release on Wednesday. The growth came on the back of a 3.2 percent expansion of the government bond market to $48 billion, which also included central bank bills. This offset a 3.4 percent contraction in the corporate bond market to $5 billion.  The corporate bond market is now worth VND89.5 trillion ($3.86 billion), exceeding the target set only for 2020, according to the Hanoi Stock Exchange. … [Read more...] about Vietnam bond market grows by 2.6 percent: ADB

Vice Ambassador Pham Hung Tam addresses the event (Photo: VNA) In his remarks, Deputy Ambassador Pham Hung Tam provided information on Vietnam’s commercial fishing sector, as well as the cooperation potential between Vietnam and the US. Vietnam has exported its aquatic products to more than 170 countries around the world, with the US remaining the largest importer for years.  Vietnam’s key fisheries exports to the US include shrimp and tra fish.  In the first seven months of this year, the US was among top four markets of Vietnamese aquatic products, with US$802.56 million worth of aquatic products imported from Vietnam, a year-on-year rise of 1.1%. NFI President John Connelly said over the past 10 years, the NFI has cooperated closely with the embassy, trade office and businesses of Vietnam to study, and give policy proposals on market development.  The NFI hopes to continue working with Vietnam to urge the US government to soon determine the … [Read more...] about Vietnamese Embassy, US fisheries institute hold exchange

In total, nearly 7,000 business decision makers are asked to contribute to the list. The rankings are based on the highest average scores through eight equally weighted factors. These include corruption, dynamism, economic stability, being entrepreneurial, a favourable tax environment, innovations, a skilled labour force, and technological expertise. The nation has risen from 23rd position in last year’s rankings to eighth position this year. With a population of 95.5 million, the country had a GDP of US$223.9 billion in 2017. Uruguay was ranked as the best country in the world to invest in, a dramatic rise of 12 positions from the 2018 rankings. The South American nation has a small population of just 3.5 million, with a GDP of US$56.2 billion in 2017. The second spot went to Saudi Arabia who consistently enjoy a strong performing economy, making it an attractive and promising destination for foreign direct investment. With a young population of 32.9 million, the Middle Eastern … [Read more...] about Vietnam named among world’s top 10 countries for investment

The Hanoitimes - Vietnam`s aviation market is regarded as one of the most thriving in the world over the past decade with the average turnover growth of 17.4%, twice the rate of 7.9% througout Asia, according to the International Air Transport Association (IATA). Vietnam, Australia enterprises expand aviation cooperation Vietnam aviation authority supports Vingroup's airline project The energetic growth of Vietnam's aviation industry has led to the shortage of highly qualified manpower, especially pilots and technicians.  The country's aviation industry is experiencing double-digit growth as new air carriers are joining the market while others in operation are given green light to expand their fleets, according to Boeing’s recent report on Pilots and Technicians Outlook 2019.  National flag carrier Vietnam Airlines is operating 105 airplanes and employing 1,100 pilots, of whom 75% are Vietnamese and 25% are foreigners, as well as 1,800 technicians, who are … [Read more...] about Vietnam aviation industry craving for highly-qualified manpower