Economy (11)

    A delegation of Vietnam’s Embassy, Consulate General in Yekaterinburg city and Business Association in Russia visited Sverdlovsk province from July 12-15 to seek cooperation opportunities with Russian localities.
    Ambassador Nguyen Thanh Son, who led the delegation, met with Governor Evgeny Kuyvashev and Minister of International and Foreign Economic Relations Andrey Sobolev. The ambassador told hosts that President Tran Dai Quang’s visit to Russia from June 28-July 1 has opened up conditions for inter-regional cooperation between Vietnam and Russia.

    The Hanoitimes - A Vietnamese Exhibition pavilion, combining tradition and modernity, has received hundreds of visitors in the last few days, at Expo 2017 Astana, in the capital of Kazakhstan.

    Expo 2017 is an International Exposition scheduled to take place between June 10 and September 10, 2017 in Astana, Kazakhstan. The expo's theme is “Future Energy”, and aims to create a global debate between countries, nongovernmental organizations, companies and the general public on the crucial question: “How do we ensure safe and sustainable access to energy for all while reducing CO2 emissions?”.

    HAMBURG — Leaders of the European Union told Prime Minister Nguyễn Xuân Phúc they would speed up review of the bloc’s free trade agreement with Việt Nam with a view to signing it as soon as possible.

    The PM met European Council President Donald Tusk and European Commission President Jean Claude Juncker on the sidelines of the G20 Summit in Hamburg on Saturday.

    Phúc also met with country leaders attending the summit, among them Indonesian President Joko Widodo, whom he asked to deal with fishery issues in a humanitarian spirit and in line with the bilateral strategic partnership between their two countries. He suggested accelerating the conclusion of negotiations on demarcation of exclusive economic zones between the two countries. Widodo agreed with the suggestions. 

    HANOI — Vietnamese activist blogger Nguyen Ngoc Nhu Quynh — better known by her pen name Mother Mushroom — was sentenced in court Thursday to 10 years imprisonment for "propagating" against the state following a devastating chemical spill at a Taiwan-owned steel factory.

    "This is an extreme injustice and cruelty given out by the authoritarian (government) as they want to silence my daughter," Quynh's mother, Nguyen Thi Tuyet Lan, told dpa after she attended the trial.

    he target of keeping the country’s inflation below 4 per cent in 2017 is quite feasible, said Deputy Prime Minister Vương Đình Huệ at a meeting late last week.

    Speaking at the meeting held to better implement price management in the second half of the year, Huệ said that while managing the consumer price index (CPI), relevant ministries and agencies must keep track of and support the country’s economic growth target, and avoid triggering high inflation in the future.

    Việt Nam plans to develop a low-carbon economy and include climate-change resistance work in its updated Nationally Determined Contribution (NDC) for the Paris climate accords.

    High import taxes on auto components and parts, packaging and logistics expenses are major reasons behind locally-assembled cars costing 10-20 per cent higher than imports from Thailand and Indonesia.

    As such, these are also factors hindering growth of the domestic automobile industry, the automobile working group said at the Vietnam Business Forum (VBF) 2017 recently.

    Thursday, 22 June 2017 00:40

    The Future of Vietnam Logistics Sector

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    Logistics services in Vietnam should be given due attention in the time to come for it has been regarded as a factor that plays an important role in the social-economic development in attracting foreign investment, in improving competition abilities and import-export in the period of global integration.

    Vietnam’s economy will grow at 6.5 percent in 2017 and expand to 6.7 percent in 2018, according to the Asian Development Bank (ADB)’s “Asian Development Outlook 2017” report.

    Saturday, 21 January 2017 18:36

    Economy in Northeast Vietnam

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    The diversity of geography has made a significant contribution to the success of economy in Northeast Vietnam. In recent years, the rapid economic growth rate has helped the region attracting some foreign investments.

    The Northeast Vietnam consists of 9 provinces including Ha Giang, Tuyen Quang, Cao Bang, Bac Kan, Thai Nguyen, Lang Son, Bac Giang, Phu Tho and Quang Ninh. The region has reached the rapid industrialization speed in recent years. Many enterprises in field of energy, technology and engineers sectors were built in the region. With the positive sign in economy of Northeast Vietnam, some foreign investors have paid the special attention to the region. For example, in 2011, a Taiwan producer in fields of panels for Apple Inc, Wintek Corp announced to make a long investment with the total capital of $150 million in Bac Giang province.

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      Uber must pay tax for drivers in Vietnam: finance ministry

      The Netherlands-based Uber BV will have to pay taxes owed both by itself and its drivers, the Vietnamese finance ministry has decided.
      Uber BV issues invoices for rides and handles revenues in Vietnam, but pays no taxes.
      According to the decision, the taxi hailing company will have to authorize its subsidiary in Vietnam or a third party to declare and pay those taxes.

      Written on Friday, 07 July 2017 06:00 in Business Be the first to comment! Read 19 times Read more...
    • PM speeds up City metro work
      PM speeds up City metro work

      The total investment for Metro Line No 1 in HCM City after three adjustments has increased from VNĐ14.415 trillion ($631 million) to VNĐ47.325 trillion ($2.07 billion). The PM has agreed to advance ODA capital for the project. — VNS Photo Bồ Xuân Hiệp
      Prime Minister Nguyễn Xuân Phúc has agreed to advance Official Development Assistance (ODA) capital for the Metro Line No 1 Bến Thành – Suối Tiên to meet the project’s schedule.

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    • Vietnamese software firms consider Japan as the major market
      Vietnamese software firms consider Japan as the major market

      The Japanese software market is really attractive in the eyes of Vietnamese software outsourcing firms, but Vietnamese firms always have to struggle to penetrate the lucrative market. According to Vinasa (Vietnam Software and IT Service Association), up to 80 percent of Vietnamese firms consider Japan as the core market when doing the outsourcing for foreign partners. Of these, only five percent of businesses has been exploiting the Japanese market, 20 percent of businesses consider Japan as the main market, and 55 percent consider Japan as one of their main markets.

      Written on Friday, 07 July 2017 06:00 in Business Be the first to comment! Read 15 times Read more...
    • Victor Vũ’s new movie set in Quảng Bình
      Victor Vũ’s new movie set in Quảng Bình

      QUẢNG BÌNH — A large part of the movie Người Bất Tử (The Immortal), directed by Vietnamese American director Victor Vũ, will be shot in the magnificent caves of Quảng Bình Province.

      The Vietnamese movie, scheduled to be released in 2018, will be filmed in 52 days in Hà Nội; the central provinces of Hà Nam, Hưng Yên and Quảng Bình; HCM City; and the southern provinces of Tiền Giang and Đồng Nai, revealed production director Trần Thị Bích Ngọc.

      The footage filmed in central province of Quảng Bình will make up around 70 per cent of the movie. It will be shot in several caves including Phong Nha and Tú Làn, Đồng Hới City and Quy Đạt, Bố Trạch and Tuyên Hóa districts, capturing the scenic landscapes and the beauty of the cave system in Quảng Bình.

      Written on Sunday, 09 July 2017 06:00 in Culture Be the first to comment! Read 15 times Read more...
    • Vietnam Renews India Oil Deal in Tense South China Sea
      Vietnam Renews India Oil Deal in Tense South China Sea

      Vietnam has extended an Indian oil concession in the South China Sea and begun drilling in another area it disputes with China in moves that could heighten tensions over who owns what in the vital maritime region.
      The moves come at a delicate time in Beijing's relations with Vietnam, which claims parts of the sea, and India, which recently sent warships to monitor the Malacca Straits, through which most of China's energy supplies and trade passes.
      Vietnam granted Indian oil firm ONGC Videsh a two-year extension to explore oil block 128 in a letter that arrived earlier this week, the state-run company's managing director Narendra K. Verma told Reuters.
      Part of that block is in the U-shaped 'nine-dash line' which marks the vast area that China claims in the sea, a route for more than $5 trillion in trade each year in which the Philippines, Brunei, Malaysia and Taiwan also have claims.

      Written on Sunday, 09 July 2017 06:00 in Business Be the first to comment! Read 15 times Read more...


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