Experts: Japanese firms still disburse in industrial sector Hoang Phi By Hoang Phi - The Saigon Times Daily HCMC – Although Japanese investors have implemented many foreign direct investment (FDI) projects in service, finance and banking sectors, they are still pouring capital into the industrial sector, said economic expert Tran Van Tho from Tokyo’s Waseda University. Looking at investment structure, Japanese enterprises are shifting to service industries. But that fact is not completely right in terms of absolute quantity, Tho told the Daily via email. According to the Ministry of Planning and Investment, Japan is the biggest investor in Vietnam with over 3,100 projects worth US$34.5 billion. Of which, there are nearly 1,200 projects in the manufacturing and processing industry, making up over 84% of total investment capital. Between January and November, Japan continued to take the lead in terms of FDI capital inflows with nearly US$5.7 billion. Tho said there have … [Read more...] about Experts: Japanese firms still disburse in industrial sector
Industrials sector
Trade and industry sector urged to speed up FTA negotiations
(VOVworld) – Prime Minister Nguyen Tan Dung has urged the industry and trade sector to be more active in negotiations of Free Trade Agreements. Prime Minister Nguyen Tan Dung adressed the conference of the Ministry of Industry and Trade (photo: Duc Tam/ VNA) Speaking at Friday’s conference to introduce the sector’s major tasks in 2014, Mr. Dung underlined the need to improve communications to help local leaders and citizens better understand the trade agreements Vietnam has signed. "The Ministry of Industry and Trade should effectively exploit signed bilateral and multilateral Free Trade Agreements in order to boost exports. We have to support the negotiations of another 6 agreements. Businesses and associations should be active in expanding export market." Mr Dung said. The trade and industry sector will focus on policies to promote commodity trademarks and supportive industry. … [Read more...] about Trade and industry sector urged to speed up FTA negotiations
Hanoi to spend US$11.3 trillion on industrial sector
The Hanoitimes - The People’s Committee in Hanoi has completed a draft plan for development of the industrial sector until 2020, with a vision outlook till 2030, with main focus and target at turning it into a high technology sector. Accordingly, the city will spend a total of VND238.757 trillion ($11.3 trillion) during the period 2011-2020 into developing the sector. Hanoi will focus on developing centres for research, design, manufacturing and building offices for larger production companies. The target is to increase industrial production by 11.3 per cent during the period 2011-2015; 12.1 per cent during 2016-2020 and 10.2 per cent during 2012-2030. In related news, Hanoi authorities have asked the Department of Planning and Architecture to report the availability of land for resettlement projects before March 15, so as to speed up projects. It has also asked the Department of Planning and Investment to check the availability of funds for the resettlement projects. In … [Read more...] about Hanoi to spend US$11.3 trillion on industrial sector
Seminar on Policies of Industrial Sector for Vietnamese Enterprises May 8-9, 2006 in Hanoi
Seminar on Policies of Industrial Sector for Vietnamese Enterprises May 8-9, 2006 in Hanoi To provide and support Vietnamese enterprises to access policies of industrial sector and learn more from Japan’s industrial development policies to boost Vietnam’s industrial sector, VCCI will cooperate with Japan’s Overseas Association for Technical Refresher Courses, Vietnam’s Ministry of Industry and Japan’s Ministry of Economy, Trade and Industry to organize the seminar on May 8-9, 2006 in Hanoi. Vietnamese enterprises will be provided with experience in Japan’s industrial development from Japanese leading experts. Please contact Ms. Cao Phuong Chi VCCI’s International Relation Department Tel: 04. 5742162 Fax:04. 5742020/30 Email: [email protected] more news … [Read more...] about Seminar on Policies of Industrial Sector for Vietnamese Enterprises May 8-9, 2006 in Hanoi
Industrial sector verging on annual growth target
The processing and manufacturing industry continues to grow Maintaining growth According to the Ministry of Industry and Trade, industrial production in the first 10 months of this year was 1.5 percentage points higher than in the same period last year. The processing and manufacturing industry continued to develop, growing 2.9 percentage points and playing an important role in promoting the industrial sector’s expansion.The achievements were attributed to the Ministry of Industry and Trade’s efforts to facilitate the efficient and stable operation of industrial enterprises. Restructuring directionThe efforts are focused on the restructuring of some corporations and groups in the fields of beverages, chemicals, electricity, coal, minerals, and oil and gas to create a fair business environment. This includes ensuring the interests of domestic steel, automobile, fertilizer and chemical manufacturers, and assisting industrial enterprises to apply modern … [Read more...] about Industrial sector verging on annual growth target