Local companies should add more value to their products before selling them to foreign distribution channels. They should not focus too much on cheap prices or low labour cost that does not generate real value for the products. 

The Vietnamese Government always welcomes and commits to creating conditions for foreign businesses, including those from China’s Chongqing city, to land investment in high-tech projects in the country, said Vietnamese Ambassador to China Đặng Minh Khôi.

Vietnamese air freight costs are much higher than the regional average and this is believed to be the main reason for Việt Nam’s low fruit exports.

Tiền Giang Province aims to incorporate another 730 businesses this year, 9.3 per cent higher than last year, by creating a better investment environment.

A Việt Nam-Middle East Trade Forum to be held in HCM City on May 11 is expected to help boost trade between the two sides.

Balancing sustainability with economic development is no longer an issue for industralised, wealthy countries alone, but is a critical concern for all economies, said Nguyễn Quang Vinh, General Secretary of the Việt Nam Chamber of Commerce and Industry (VCCI).

The banking industry is drastically restructuring credit institutions (CIs) in combination with bad debt settlement to ensure their safe, healthy and sustained growth.

Despite having increased at a relatively fast pace in recent years, Việt Nam’s labour productivity remained in the lowest group in East Asia with scores in backbone sectors of the economy even falling behind Cambodia, a report found on Tuesday.

PetroVietnam Power Corporation (PV Power) recorded a post-tax profit of VNĐ780 billion (US$34.2 million) in the first quarter of this year.