VietNamNet Bridge - While government officials and some economists are optimistic about economic performance this year, other analysts say growth is unsustainable because it relies too much on the foreign-invested economic sector.The General Statistics Office (GSO) has reported that GDP grew by 6.41 percent in the first nine months of the year in comparison with the same period last year.The GDP grew by 5.15 percent in the first quarter, and by 6.28 percent in the second, but soared by 7.46 percent in the third quarter. The high 7.46 percent growth rate was described ‘as miraculous as Saint Giong’, a mythical folk hero of Vietnam who grew in size from a boy to a giant hero.GSO commented that the achievements in Q3 give strong impetus for Vietnam to obtain the targeted 6.7 percent growth rate this year.ADB (Asian Development Bank) has lowered the predicted growth rate to 6.3 percent from the initially predicted 6.5 percent.Truong Thanh Duc from the Vietnam International … [Read more...] about GDP grows sharply as economy relies on foreign-invested enterprises
Investment
Viet Nam calls on more investment from the UAE
Bui Thi Thanh An, deputy head of the Trade Promotion Agency under the Ministry of Industry and Trade delivered this statement at a business forum held on November 23 in the capital, which saw the participation of more than 20 firms from the UAE.To date, businesses from the UAE are involved in 12 investment projects in Viet Nam, with capital totaling more than US$142 million. These projects are mainly in the mining, real estate and tourism sectors.Two-way trade has also experienced positive growth, reaching $5.45 billion in 2016 and $4.8 billion in the first 10 months of this year. Of the total, Viet Nam exported $4.37 billion worth of goods including telephones, electronics components, machinery, footwear and farm produce.These figures, however, remained modest, An said while encouraging two nations’ businesses to take the initiative in studying each other’ import-export demand and explore new co-operation opportunities.Le Thai Hoa, deputy head of the ministry’s … [Read more...] about Viet Nam calls on more investment from the UAE
Mekong Delta calls for agricultural investments
The Mekong Delta region is calling for investments to boost mechanisation in agriculture and improve its competitiveness. The Mekong Delta region is calling for investments to boost agriculture The call for a total of USD1.38bn investments for 50 agriculture projects was made during an annual conference to encourage investment into the region. The conference also held activities to help tighten the relationship between technology manufacturing enterprises and manufacturing and processing factories. Truong Hoai Nam, vice chairman of Can Tho City said they had over 115,000 hectares of cultivated land and 64% are rice fields. However, productivity was low and the company lacked technology to produce better quality products. "Mechanisation is very important to boost productivity and limit pre-and post-harvest losses," he said. The Mekong Delta is vital to Vietnam's economy. Rice output in the region alone accounted for 56% of the … [Read more...] about Mekong Delta calls for agricultural investments
Osaka province ready for investment cooperation with HCMC
Additionally, the city leader also hoped that the enterprises of Osaka province would continue expanding investment promotion in the traffic infrastructure, health and high- quality human resource development. Mr. Hiroshi Ozaki stressed that the provincial enterprises are ready for supporting experience exchange with Ho Chi Minh City to raise quality of human resources, techniques and technologies for environmental pollution treatment, renewable energy, medical and pharmaceutical technologies.BY THANH HANG- Translated by Huyen Huong … [Read more...] about Osaka province ready for investment cooperation with HCMC
Ho Chi Minh City and Osaka Prefecture enhance trade and investment cooperation
NDO - Chairman of the Ho Chi Minh City People's Committee Nguyen Thanh Phong hosted a reception for Chairman of the Osaka Chamber of Commerce and Industry Hiroshi Ozaki, on November 22.At the meeting, Chairman Nguyen Thanh Phong emphasised that Vietnam-Japan relations have been developing strongly across many fields.High-level visits by the leaders of Japan and Vietnam over recent times have demonstrated the confidence and determination of both sides to strengthen their cooperation he said, adding that in the near future, the bilateral relations between Vietnam and Japan will be further strengthened; especially in 2018 as the two countries celebrate the 45th founding anniversary of their diplomatic ties.The Ho Chi Minh City Chairman affirmed that on the basis of the time-honoured friendship between the two countries and the potential for cooperation between the two regions, Ho Chi Minh City wishes to further step up its cooperation activities with Osaka, especially in the fields of … [Read more...] about Ho Chi Minh City and Osaka Prefecture enhance trade and investment cooperation