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German businesses are seeing Vietnam as an attractive destination for investment (photo: Le Toan) Wolfgang Schmitz-Heinen, CEO of Witte Holding GmbH, visited Vietnam for the first time recently to look for opportunities to start a business here. Witte is a family-run global company in the printing business that specialises in printing secure and self-adhesive labels for various applications including the automotive and electronic industry. “We want to expand abroad more than before and are analysing different countries, and we got the opportunity to join this business delegation organised by the OAV-German Asia-Pacific Business Association to Vietnam. We are impressed from south to north there, and would like to follow this track to see what is possible for us. I have ideas, but we have to check now the circumstances to ensure that everything we have to do is carried out properly, but we will do it fast,” he told VIR. “What I learned in these last few days is that … [Read more...] about German firms see positive outlook

The air quality in the last six days of November was poor, with the index exceeding the permitted levels. According to the Hanoi Environment Protection Sub-department, at 10 am on the last day of November, the air quality index (AQI) at the monitoring station on Pham Van Dong street was 172. The AQI was 173 at the French Embassy on Ba Trieu street, 182 at the US Embassy on Lang Ha Road and 177 on Hang Dau street. The air quality in the last six days of November was poor, with the index exceeding the permitted levels. In Cau Giay populous district, the sky was dark at 8-10 am. And before that, on the night of November 30, on Xa Dan, Nguyen Trai and Belt Road No 3, the street lights were a blurry red. Fine dust in the air may not be visible during the day, but at night it is visible through change of the color of the streetlight system. Chi Mai Air pollution in Hanoi worsens as residents burn straw, fabrics The air quality in Hanoi is becoming worse than usual. In suburban … [Read more...] about Hanoians worried as air quality has become poor year-round

Illustrative image (Source: VNA) Hanoi (VNA) – The Customs Mutual Assistance Agreement between the Governments of Vietnam and the US was signed in Hanoi on December 6 in the presence of Vietnamese Deputy Prime Minister Vuong Dinh Hue. The signatories of the document were Vietnamese Deputy Finance Minister Vu Thi Mai and US Deputy Chief of Mission in Vietnam Caryn McClelland. Speaking at the event, Deputy Minister Mai said that Vietnam attaches importance to its comprehensive partnership with the US, reflected through the Vietnamese Government’s efforts to remove obstacles for bilateral economic-trade relations and facilitate US firms’ business activities in Vietnam over recent times. As part of the joint efforts in promoting healthy trade ties and cooperation between the two countries, in recent years, the Vietnamese Ministry of Finance, through the General Department of Vietnam Customs (GDC), and the US Department of Homeland Security, through the US Customs and … [Read more...] about Vietnam, US sign customs mutual assistance agreement

Prime Minister Nguyen Xuan Phuc speaks at the meeting. (Photo: VNA) Hanoi (VNA) – Trade cooperation was a spotlight of the Vietnam-Laos relationship in the first ten months of this year, with revenue reaching 940 million USD. The figure was unveiled at a meeting of permanent Cabinet members in Hanoi on December 7 under the chair of Prime Minister Nguyen Xuan Phuc. The two-way trade is projected to hit 1.1-1.2 billion USD in 2019, up 12.6 percent year-on-year, surpassing the targets of 1 billion USD and 10 percent set by the Government. Vietnam has become the third biggest investor in Laos with 413 projects valued at 4.22 billion USD, with the most outstanding a joint venture of Viettel Military Industry and Telecoms Group (Viettel), projects of Vietnam Rubber Group, Muong Thanh Hotel, Crow Plaza, LaoViet Bank and Xekaman 1 hydropower plant. Besides, Vietnam has committed to providing 3.25 trillion VND (139.8 million USD) in non-refundable aid for Laos during the 2016-2020 … [Read more...] about Vietnam-Laos trade hits 940 million USD in ten months

The figure was unveiled at a meeting of permanent Cabinet members in Hanoi on December 7 under the chair of Prime Minister Nguyen Xuan Phuc. The two-way trade is projected to hit 1.1-1.2 billion USD in 2019, up 12.6 percent year-on-year, surpassing the targets of 1 billion USD and 10 percent set by the Government. Vietnam has become the third biggest investor in Laos with 413 projects valued at 4.22 billion USD, with the most outstanding a joint venture of Viettel Military Industry and Telecoms Group (Viettel), projects of Vietnam Rubber Group, Muong Thanh Hotel, Crow Plaza, LaoViet Bank, and Xekaman 1 hydropower plant. PM Nguyen Xuan Phuc speaking at the meeting Besides, Vietnam has committed to providing 3.25 trillion VND (139.8 million USD) in non-refundable aid for Laos during the 2016-2020 period, including 707 billion VND in the 2019 fiscal year, up 18.4 percent against the previous year, aiming to help the neighboring country implement projects on … [Read more...] about Vietnam – Laos trade hits 940 million USD in ten months