Prime Minister Nguyen Xuan Phuc speaks at the conference (Source: VNA) Hanoi (VNA) – Vietnam’sexport-import exceeded 420 billion USD for the first time in 2017, of whichexport recorded the highest growth of 21.1 percent over the past seven years with29 commodities joining the one billion USD club.Addressing a conference of the Ministry ofIndustry and Trade (MoIT) in Hanoi on January 15, Prime Minister Nguyen XuanPhuc hailed the sector for its excellent performance in 2017.In addition to the record export growth, as oneof the top 10 events of the sector in 2017, the MoIT endeavoured to reduce andsimplify 675 investment and business conditions, accounting for 55.5 percent ofthe total.Divestment at State-owned enterprises was one ofthe most notable achievements of the ministry last year with the successfulauction of the shares of the Saigon Beer Alcohol Beverage Corp (Sabeco),collecting nearly 110 trillion VND for the State, he said.This demonstrated the confidence of investors in the local market, theGovernment and macro economy, he noted.PM Phuc hailed the efforts of State groups andcompanies under the management of the ministry, particularly Sabeco, andrecognised significant and positive changes in the industrial growth model basedon processing and manufacturing industries, and reduced imports.The MoIT worked to ensure goods supply-demandand create nearly 2.7 billion USD in trade surplus.The PM praised the ministry for pioneering insimplification and reduction of administrative procedures, contributing toincreasing national competitiveness. It seriously implemented the Party andGovernment’s directions on restructuring the apparatus and actively handlingloss-making projects.He also pointed to shortcomings in the field andasked the ministry to… [Read full story]
According to National Centre of Economic Information and Forecast (NCEIT – MPI), Vietnam economy recorded high growth rates in the first quarter compared to other countries in the region. Although it is lower than that of previous years, it is still a positive sign in the conditions of global economic crisis. According to experts, Vietnam economy will have more bright spots in the second quarter. Higher prices for most of products In March, prices of 30 out of 32 industrial products fell, in April the number reduced to only 7 products. Certain products have gained back the output and…... [read more]
The Federal Republic of Germany is the largest trading partner of Vietnam in the European Union (EU) and an important transit gateway for Vietnamese goods to enter other European markets. In a bid to further strengthen economic and trade cooperation ties between Vietnam and Germany, the Export Promotion Centre (PROMOCEN) under the Vietnam Trade Promotion Agency (Vietrade) organised a seminar entitled “Germany - Bright spot for Vietnam exporters” in Hanoi on September 17, 2014. The event provided useful and updated information for enterprises to seek effective export orientations and measures with the German market in the future. Speaking at the…... [read more]
(VEN) - The government approved the establishment of the southern key economic zone (SKEZ) in 1998, including HCMC, and the provinces of Dong Nai, Binh Duong, Binh Phuoc, Tay Ninh, Ba Ria-Vung Tau, Long An and Tien Giang. After nearly 15 years, the SKEZ has obtained significant achievements in all aspects. In particular, Dong Nai has emerged as a bright spot. Dong Nai has constructed and developed 31 industrial zones (IZs) with a focus on key industrial sectors, such as agricultural processing, food processing, mechanical-metallurgical industry, mining, building materials production, electronics and telecommunications. In particular, Dong Nai has focused on…... [read more]
>> GDP increases by 5.57 percent in six months The first half of this year was a tough time for the national economy. Groups, corporations and businesses had to cope with a number of challenges, including runaway inflation, and high interest rates. Due to the tightening credit policy, they found it difficult to access capital for domestic industrial production and exports. However, out of such difficulties some bright spots appeared. Lack of capital In the first half of this year most businesses faced serious shortages of capital for production due to a slow industrial growth on account of high input…... [read more]
From a poor, swampy and deserted land, the southern part of Ho Chi Minh City has today emerged as one of the bright spots in economic development, infrastructure investment and urbanisation. This general achievement is significantly contributed by south-heading development projects such as Tan Thuan Export Processing Zone, Phu My Hung Urban Area, Saigon Premier Container Terminal Company (SPCT) and Hiep Phuoc Industrial Park. Good location, convenient traffic In addition, according to economic experts, the biggest difference of Hiep Phuoc Industrial Park over other industrial zones is the deep-water port system inside. It also lies on national and international traffic…... [read more]
