Deputy Prime Minister Truong Hoa Binh (R) receives Deputy Secretary General of OECD Jeffrey Schlagenhauf (Source: VNA) Hanoi (VNA) – Deputy Prime Minister Truong Hoa Binh hosted a reception for Deputy Secretary General of the Organisation for Economic Cooperation and Development (OECD) Jeffrey Schlagenhauf in Hanoi on December 6. Binh welcomed the selection of Vietnam as the host of the 10th Regional Conference on Preventing and Combating Corruption in Infrastructure Projects in Asia Pacific by the OECD in coordination with the Asian Development Bank (ADB) and the Anti-Corruption Initiative for Asia Pacific. He thanked the OECD for helping Vietnam review development polices, including the investment policies in 2017 and 2018. In February this year, the two sides started the building of Vietnam’s Multi-dimensional Country Review (MDCR), which will serve the drafting of the country’s socio-economic development strategy in the 2021-2030 and the … [Read more...] about Deputy PM asks OECD to share experience in fighting corruption
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Tra fish exports to Russia slump Export revenue of tra fish to the Russian market in the first 10 months of this year fell 31 percent compared to last year to 12.5 million USD, reported the Vietnam Association of Seafood Exporters and Producers (VASEP). According to the association, the sharp drop followed last year’s declining trend, and was likely to continue for the rest of 2019. VASEP said that in the last two years, Russia’s tra fish consumption has been modest, with unstable import prices. Meanwhile, the European country’s imports of frozen tra fish fillets have increased slightly by 3 percent, but that of frozen whole fish have fallen 29 percent./. Conference on boosting exports to China They were speaking at a recent conference on agricultural, forestry and seafood exports to China in Mong Cai City in the northern province of Quang Ninh. The conference was organised by the Ministry of Agriculture and Rural Development in collaboration with the People's … [Read more...] about BUSINESS NEWS HEADLINES DECEMBER 6
The overcrowding at some tourism sites in recent years has raised a debate about whether Vietnam’s tourism has reached its critical point. Twelve years ago, Anh Lan, director of a travel firm in HCMC, began sending international tourists to Nha Trang City. Later, realizing that tourists like the sea city, she decided to focus on bringing tourists there. HCMC reported that it has received 4.25 million foreign travelers in the first half of 2019 and a much higher number of domestic travelers. Hanoi received 14.4 million travelers, Quang Binh 8.5 million, Khanh Hoa 3.4 million, Ba Ria – Vung Tau 8.46 million and Kien Giang 4.29 million. In a special report on tourism development in Vietnam, the World Bank commented that in the last decade, Vietnam witnessed a boom in the number of domestic and foreign travelers. The number of domestic travelers soared from 20.5 million in 2008 to 80 million last year, thanks to the rapid increase of the middle class. However, though … [Read more...] about Is it time to curb the number of tourists?
Production at JA Solar Vietnam in Quang Chau IP (Photo: VNA) Bac Giang (VNA) – With its potential and advantages in industrial development, the northern province of Bac Giang has been an attractive destination for investors, especially those in industrial sectors such as electronics, food processing, mechanics, chemicals, and construction material production. Among the six existing industrial parks (IP) in the province, Quang Chau IP has drawn 18 projects, including two domestically-invested projects with combined capital of over 1.28 trillion VND (55.3 million USD), and 16 foreign-invested ones worth over 1.75 billion USD. According to Nguyen Xuan Ngoc, Vice Director of the Management Board of Bac Giang Industrial Parks, so far, local IPs are housing 317 valid investment projects, including 94 domestically-invested projects worth 7.86 trillion VND (33.53 billion USD) and 223 FDI projects with total capital of over 3 billion USD. The IPs have created jobs for about 85,000 … [Read more...] about Bac Giang province attractive to industrial investors
Chairwoman of the National Assembly Nguyen Thi Kim Ngan and European Commissioner for Trade Cecilia Malmstrom exchanged ideas related to the signing and ratification of the EU-Viet Nam Free Trade Agreement (EVFTA) and the EU-Viet Nam Investment Protection Agreement (EVIPA) during their meeting in Hanoi yesterday. EVFTA - a lever for Vietnam’s economic growth EVFTA to help improve Vietnam’s competitiveness: researcher Chairwoman of the National Assembly Nguyen Thi Kim Ngan (r) welcomes European Commissioner for Trade Cecilia Malmstrom in Hanoi yesterday. — VNA/VNS Photo Trong Duc The top legislator highly valued the role of the EU and the trade official in promoting the signing of the two agreements. Malmstrom said the signing shows remarkable progress in the relations between Vietnam and the EU which helps reinforce the bilateral partnership and comprehensive cooperation. With the two pacts, the two sides hope bilateral relations will reach further … [Read more...] about Top legislator, EU trade commissioner talk about EVFTA