RoK Ambassador to Vietnam Kim Do Hyon How do you assess economic cooperation prospects between the two countries? Many RoK enterprises have invested in Vietnam and achieved success. Effective investment benefits the RoK and helps Vietnam become a global production base. However, to achieve the goal, cooperation with RoK enterprises in support industries must be strengthened, and merger and acquisition (M&A) deals must be completed to enable technology transfer from the RoK to Vietnam, facilitating the development of support industry enterprises in Vietnam. In my opinion, it is very important to contribute to the development of Vietnam’s manufacturing sector and support industries. The RoK government is committed to helping Vietnam in its development process. The implementation of the Korea-Vietnam Free Trade Agreement (KVFTA) has yielded positive effects in economic cooperation. How do you assess the opportunities provided by the agreement? Thanks to the KVFTA, RoK … [Read more...] about Support industries: The flaw and promise in RoK – Vietnam economic cooperation
Vietnam economic problems
Market confidence to drive Vietnam economic growth in 2019
VietNamNet Bridge – Vu Viet Ngoan, head of the Prime Minister’s Economic Advisory Team, talks to Thời báo kinh tế Việt Nam (Việt Nam Economic Times) about how the country can maintain its strong growth in 2019 and the next few years with internal strengths. Loading cargoes at the Hoang Dieu Port in the northeastern city of Hai Phong. — VNA/VNS Photo Thong Nhat The Government’s report said 2018 saw “comprehensive and positive achievements across all socio-economic aspects”. In your opinion, what was the highlight? In 2018, the Vietnamese economy witnessed growth in all three sectors – agriculture, industry and service. Not only have we attained high GDP growth, we have also consolidated macroeconomic fundamentals and increased the quality of growth, with the increase in productivity and higher ratio of manufacturing industries in the GDP compared to 2017. For me, there are two points that outshine … [Read more...] about Market confidence to drive Vietnam economic growth in 2019
International seminar kicks off Vietnam Economic Forum 2019
The conference gathered experienced experts from the relevant foreign management bodies and international organisations, who shared international practices, standards and good lessons in infrastructure development and reform, especially in governance and capital mobilisation. It also offered a good opportunity for domestic experts to assess the status and trends of infrastructure development and to access innovative management and infrastructure development in accordance with international practices, in order to improve the efficiency of governance, investment and infrastructure development to meet development needs. Speaking at the event, Deputy Minister of Planning and Investment, Vu Dai Thang, emphasised that Vietnam's socio-economic development strategy for the 2011-2020 period has determined the construction of a synchronous infrastructure system, with a number of modern projects, focusing on the transportation system and large urban infrastructure, as one of among Vietnam’s … [Read more...] about International seminar kicks off Vietnam Economic Forum 2019
Vietnam Japan strategic partnership for peace and wealth
(VEN) - Vietnam Economic News’ Thanh Ngoc spoke with Fujita Yasuo, Chief Representative of the JICA Vietnam Office. How has the Japan International Cooperation Agency (JICA) contributed to the realization/development of strategic partnership for peace and wealth between Vietnam and Japan? The Extensive Strategic Partnership for Peace and Prosperity in Asia agreed in March 2014 covers a variety of areas - politics, economy, society, culture, etc. JICA has been contributing to the realization and development of this relation through implementing Japan’s Official Development Assistance (ODA) to Vietnam. JICA has been supporting Vietnam in achieving sustainable growth with its national target to be a “modern industrialized nation” in line with the Socio-Economic Development Strategy (2011- 2020) and the Five Year Plan (2016- 2020) of Vietnam. The current development assistance strategy of the Japanese government for Vietnam stipulates the following three … [Read more...] about Vietnam Japan strategic partnership for peace and wealth
Vietnam, Israel appreciate 25 years of diplomatic relations
(VEN) - Vietnam Economic News’ Ngoc Thao talked with Nadav Eshcar, Israeli Ambassador to Vietnam about 2018 when Vietnam and Israel will mark the 25th anniversary of diplomatic relations. Could you tell us about the highlights of the Israeli-Vietnam relationship in 2017? I think the number 1 highlight was the historical visit by the Israeli Head of State- President Reuven Rivlin. This is the second time an Israeli President visited Vietnam, which demonstrates our respect and admiration to Vietnam, as well as the importance of the relations between two countries. The visit lasted for over a week - quite long and it was the opportunity to witness the signing of quite a few significant agreements in the fields of science and technology, business, defense, education, etc. Off course we are very happy about that, I think it gave a considerable boost for our already very good and active relations. Also both sides have many action plans in the near future that we are very eager to … [Read more...] about Vietnam, Israel appreciate 25 years of diplomatic relations