Business highlights – March 20-26

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Báo điện tử CP English 24 hour(s) ago

VGP - Two Vietnamese entering Forbes’ billionaires list, FDI attraction setting new record, petrol prices dropping over VND700 per liter and Noi Bai Airport named among world’s 100 best airports are economic highlights from March 20-26.

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Ground broken for THACO-Mazda automobile manufacturing plant

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Báo Đầu Tư English 22 hour(s) ago

PM Nguyen Xuan Phuc attended a groundbreaking ceremony of THACO-Mazda automobile manufacturing plant with a total investment of US$ 520 million at Chu Lai Open Economic Zone in Nui Thanh district, Quang Nam province.

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VN, Singapore agree to boost economic connectivity

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Báo điện tử CP English 5 day(s) ago 5 related news

VGP – Viet Nam and Singapore have agreed to boost connectivity across the fields of trade, investment, transport, education and training as well as in other important areas, Prime Minister Nguyen Xuan Phuc has said.

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Quang Nam’s table set for investor feast

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Báo Đầu Tư English 4 day(s) ago

The great achievements the central province of Quang Nam has posted in recent years have solidified its position as a magnet for domestic and foreign investment this year – during the province’s 20th anniversary of re-establishment.

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Quang Nam’s six-sector plan for 2025 soars

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Báo Đầu Tư English 4 day(s) ago 1 related news

The central province of Quang Nam has set a target for the provincial GDP in 2025 to be 46 per cent generated by industry and construction and 47.5 per cent generated by services. To achieve the target, local authorities have made a detailed plan, spread over six targeted sectors.

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Private funding powers local supply chain leap

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Báo Đầu Tư English 4 day(s) ago

The question of how to raise assorted investment sources in Vietnam for national economic development has dominated the agenda of many economic forums. Senior economist Nguyen Mai discusses the latest efforts made by local firms to shape up and strengthen local and global product supply chains, and what Vietnam must do to boost private firms’ engagement with supporting industry development, laying the bedrock for the next economic leap.

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VN, Singapore vow to strengthen bilateral strategic partnership

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Báo điện tử CP English 5 day(s) ago 1 related news

VGP – Viet Nam and Singapore need to strengthen strategic trust, boost cooperation for integration and deepen their strategic partnership as the region is confronted with new challenges and regional and interregional economic connectivity is the foundation to promote the recovery of the global economy.

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PM asks for WB’s support in economic restructuring

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Báo Dân Trí English 4 day(s) ago

PM Nguyen Xuan Phuc asked the World Bank (WB) to support Vietnam in stabilizing macroeconomy and taking economic restructuring measures in the restructuring of public investment, State-owned enterprises and the banking system.

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PM asks for WB’s support in economic restructuring

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Báo điện tử CP English 5 day(s) ago 2 related news

VGP – PM Nguyen Xuan Phuc asked the World Bank (WB) to support Viet Nam in stabilizing macroeconomy and taking economic restructuring measures in the restructuring of public investment, State-owned enterprises and the banking system.

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SBV should offer failing banks to foreign investors

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Báo Đầu Tư English 5 day(s) ago

The vigorous restructuring of “zero VND” banks whose capital is believed to have fallen far below the minimum requirement of VND3 trillion ($140.6 million) is the main goal of the banking system this year. Dr Tran Du Lich, a financial and economic specialist, told VIR’s Thuy Vinh that buying out “zero VND” banks is only a temporary solution. It is time for the State Bank of Vietnam (SBV) to stop interfering with the restructuring of “zero VND” banks.

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State President receives WIPO Director General

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Báo điện tử CP English 6 day(s) ago 1 related news

VGP – Viet Nam will create favorable conditions for the intellectual property system to develop and make contribution to the nation’s socio-economic development, said State President Tran Dai Quang at his reception for Director General of the World Intellectual Property Organization (WIPO) Francis Gurry on March 21.

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Israel wishes to be part of Viet Nam’s rapid economic development: Israeli President

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Báo điện tử CP English 7 day(s) ago 1 related news

VGP – Viet Nam’s market economy is growing rapidly and stably, and Israel wishes to be part of this development, Israeli President Reuven Ruvi Rivlin said at the Viet Nam-Israel Business Forum in Ha Noi on March 21.

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Revised law on allowing foreign lease of ocean surface raises concern in Vietnam

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Báo Tuổi Trẻ English 6 day(s) ago

Foreign entities may be able to lease Vietnam’s ocean surface, according to a draft version of a revised law on aquaculture.

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Nam Dinh’s sea-based economic region to be connected to Cau Gie-Ninh Binh Expressway

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Báo điện tử CP English 7 day(s) ago 6 related news

VGP – The PM has approved an investment plan for the project to construct an artery connecting Nam Dinh province’s sea-based economic region with the Cau Gie-Ninh Binh Expressway.

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Daily fruit and vegetable imports top USD2.9 million

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Báo Dân Trí English 7 day(s) ago

Vietnam spent up to USD194 million on fruit and vegetable imports between January and March 15 this year, equal to around an average USD2.9 million per day.

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