Deputy Prime Minister speaks at a meeting between Vietnamese and Russian businesses in Moscow, Russia. — VNA/VNS Photo Tam Hang Deputy Prime Minister Trinh Dinh Dung on Tuesday chaired a meeting in Moscow between representatives of 100 Vietnamese and Russian businesses with the aim of fostering partnerships. The Deputy PM lauded the efforts of Vietnamese entrepreneurs in Russia in carrying out investment and charity activities in the homeland, as well as their solidarity and mutual support. Viet Nam and Russia have shared a time-honoured relationship and close partnership in many areas, he said, adding that Việt Nam is currently the only strategic partner of Russia in the Asia-Pacific region. He said that, over a decade as strategic partners, economics and trade have been a spotlight in the all-round ties between the two countries. Dung, who is accompanying PM Nguyen Xuan Phuc during his Russia visit, said the PM’s visit would further deepen the bilateral … [Read more...] about Deputy PM chairs Viet Nam-Russia business meeting
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Industry 4.0 could boost Viet Nam’s GDP by up to 16 per cent
Digital technologies such as machine learning and artifical intelligence (AI) are momentum for the digital transformation. — VNS Photo The Fourth Industrial Revolution could increase Viet Nam’s GDP by between US$28.5 billion and $62 billion by 2030, equivalent to a rise of 7-16 per cent, according to the Central Institute for Economic Management (CIEM). Figures released by CIEM at a workshop themed “Digital transformation to accelerate a sustainable future” showed that GDP per capita is expected to rise by between $315 and $640 by 2030 as a result of increased productivity and employment opportunities thanks to Industry 4.0. Speaking at the event on Wednesday, Pham Hoang Mai, general director of the Department of Science, Education, Natural Resources and Environment under the Ministry of Planning and Investment, said the industrial shift would benefit the country and its people. “Industry 4.0 offers great opportunities for Viet Nam to quickly improve … [Read more...] about Industry 4.0 could boost Viet Nam’s GDP by up to 16 per cent
ADB supports women-led SMEs in Viet Nam and Pacific
The grant—the second that ADB has received from We-Fi—will finance the Women Accelerating Vibrant Enterprises in Southeast Asia and the Pacific (WAVES) program, which aims to promote inclusive and sustainable growth and development through women’s businesses and entrepreneurship. Approximately 5000 women-led SMEs from Viet Nam and the Pacific will benefit from the 5-year program. "Women’s businesses have a crucial role to play in the Asia and Pacific region’s efforts to achieve inclusive and sustainable development, but social and economic barriers will have to be addressed for women to realize this potential,” said ADB Social Development Specialist (Gender and Development) Ms. Keiko Nowacka. “For ADB, We-Fi is an opportunity to help accelerate progress on gender equality and challenge the entrenched status quo that prevents WSMEs from flourishing.” Women-led businesses comprise about 60% of all micro, small, and medium-sized enterprises … [Read more...] about ADB supports women-led SMEs in Viet Nam and Pacific
Czech firm looks to introduce ceramic products to Viet Nam
Ceramic products made in the Czech Republic. — Photo VNA The Czech Republic wants to introduce its traditional ceramic products to Asian countries, including Viet Nam, said Director General of Cesky Porcelan Vladimir Feix. He told correspondents from the Vietnam News Agency that his company already exports its ceramic products to many European countries and some Asian nations such as Japan and South Korea. As part of its development plan, the company has sent experts to Viet Nam to study the market, as well as investment co-operation opportunities, he said, adding that the company is ready to train Vietnamese technicians who want to work at its factories for a period of two-three years and is also willing to receive Vietnamese workers. However, he said legal procedures and regulations between the two countries should be clarified. The implementation of bilateral co-operation in the field will facilitate the exchange of goods and technological transfer, the director general said. … [Read more...] about Czech firm looks to introduce ceramic products to Viet Nam
Viet Nam, China have room to grow trade ties: experts
Container trucks line up for customs clearance at Kim Thanh international border gate Road No II (Lao Cai Province). — VNA/VNS Photo Quoc Khanh Vietnamese and Chinese enterprises are encouraged to tap into the great bilateral trade potential driven by the two countries’ open trade policies, experts said. Viet Nam values and gives priority to strengthening economic and trade co-operation with China, and hopes to receive greater investment from China and the overseas Chinese community, said Nguyen Noi, deputy director of the Foreign Investment Agency under the Ministry of Planning and Investment. “I’m pleased to see that many leading Chinese corporations are expanding their investments in the fields of electronics, renewable energy and IT, applying modern technology and bringing more value in line with Viet Nam’s foreign investment orientation,” Noi told a conference on Viet Nam-China trade and investment on Friday. China continued to be Viet … [Read more...] about Viet Nam, China have room to grow trade ties: experts