Organisation for european economic cooperation

Hanoi (VNA) – Just one month after the founding of the Democratic Republic of Vietnam, on October 13, 1945, President Ho Chi Minh wrote a letter to the industrial and business circles in the country, in which he stressed their great role in the cause of national construction. “While other segments of the nation are working to regain full independence for the country, the industrial and business circles should work to build a firm and prosperous economy and finance. The Government, the people and I myself will do our best to help the industrial and business circles in this construction cause,” he wrote. The reality over the past more than 70 years has proven that the President’s letter remains relevant nowadays, demonstrating his sound strategic guideline and instruction to the cause of national construction, especially in the current trend of international economic integration. President Ho Chi Minh’s thinking on the position and role of the … [Read more...] about Private economic sector – important driver of economy

The Vietnamese side affirmed that it has always created most favorable conditions for oil and gas companies of the two countries to cooperate with each other in oil and gas exploration and exploitation, as well as new fields such as gas-fired thermopower, LPG supply and engine fuel. These are favorable conditions for joint venture companies between Vietnam and Russia to continue seeking new partners and new projects to expand the cooperation in the field in Vietnam. … [Read more...] about Vietnam-Russia cooperation in oil and gas: great opportunities ahead

HCM City (VNA) - VinaCapital - the leading investment management group in Vietnam - on August 30 announced the establishment of VinaCapital venture capital fund at a scale of 10 million USD, aiming to continue its investment strategies in technology startups. The firm also publicised the fund’s first investment activities in Logivan and FastGo - the two prominent startups in technology solutions in the field of transport in Vietnam. Tran Nhat Khanh, Technology Investment Director of VinaCapital, said that the launch of the fund aims to enhance cooperation with engineers, scientists and innovators who use technologies to create solutions to difficulties in different areas, thus encouraging customers to apply new technologies to improving the economic efficiency for each individual and the whole society. The value of each investment can be up to 10 million USD with unlimited time for share holding. VinaCapital Ventures also gives enterprises that the fund invests in the … [Read more...] about VinaCapital launches venture investment fund

Hanoi (VNA) – Chilean Vice Minister of Trade Rodrigo Yáñez has said his Vietnam visit aims to further boost the Vietnam – Chile ties and expand cooperation within the framework of the bilateral free trade agreement (FTA) signed in 2011, especially in investment and services. During a recent interview to Vietnam News Agency, Yáñez said since the FTA took effect in 2014, two-way trade between has improved considerably, surpassing 1 billion USD. In order to effectively tap commitments in the FTA, he suggested Vietnam and Chile enhance collaboration in science, technology, services and digital economy while reviewing the list of products and sectors benefiting from the deal. He wished that the two countries’ businesses would further improve production efficiency to draw more investment. On the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), to which both Vietnam and Chile are members, Yáñez said … [Read more...] about Chilean Vice Minister’s visit boosts ties with Vietnam, ASEAN

HCM City (VNA) – Ho Chi Minh City will roll out a programme on building an ecosystem of artificial intelligence (AI) application for 2019-2020, heard a press conference in the Vietnamese southern metropolis on September 17. According to Duong Anh Duc, Director of the municipal Department of Information and Communications, since 2018, the city has proposed and issued mechanisms and policies on AI research and application in production, daily activities and smart city building. In 2019 and 2020, the southern hub plans to launch a contest aiming to seek solutions of AI application in management and production in knowledge-intensive sectors, thus bringing about high economic benefits, he said. The official said the city will identify priorities in AI application such as transport, health care, high-tech agriculture, tourism, environment, water supply and sewage, and electricity in order to overcome challenges to urbanization. Duc told the press conference that the municipal … [Read more...] about HCM City to put forth programme on building AI application ecosystem