IZs, EZs attract $8.3 billion in 2018

Industrial zones (IZs) and economic zones (EZs) operating in the country lured more than US$8.3 billion in investment in 2018, a report from the Ministry of Planning and Investment’s Department of Economic Zone Management revealed.

Work starts on yarn factory

The Đông Nam Textile JSC, a subsidiary of the Vietnam National Textile and Garment Group (Vinatex), began construction of the first yarn factory in the southwestern region in Bạc Liêu province on Wednesday.

New FDI strategy must link firms

Foreign direct investment (FDI) capital is a major driver of Việt Nam’s economic development. On the sidelines of the Việt Nam Economic Forum 2019 held last week, Kyle Kelhofer, IFC Country Manager for Việt Nam, Laos and Cambodia, and Ganesan Ampalavanar, CEO of Nestle Việt Nam, spoke to Viet Nam News reporter Nguyễn Linh Anh about opportunities to leverage FDI and strengthen links with domestic firms.

Renewables-led pathway vital for Việt Nam

Renewables could become Vietnam’s lowest-cost option to meet its energy needs, according to a whitepaper released by global management consulting firm McKinsey & Company on Wednesday.

GrabFood expands to more cities

Grab has announced that its food delivery service, GrabFood, will be expanded to 12 more cities and provinces in Việt Nam, taking the total number where it is available to 15.

Japanese firms eye investing in Hà Nam

Many Japanese businesses have expressed interest in investing in Việt Nam’s northern province of Hà Nam to supply top quality products to the Southeast Asian market, said Tsunemasa Teramoto, a representative from Japan’s Ministry of Agriculture, Forestry and Fisheries.

Việt Nam to host agricultural consumption forum in February

Việt Nam will no longer have to ‘rescue’ agricultural products as their prices drop in the coming years, Nguyễn Quốc Toản, acting head of the Ministry of Agriculture and Rural Development (MARD)’s Department of Farm Produce Processing and Development in Hà Nội said on Tuesday.

Cần Thơ to exceed budget revenue target

 The Cần Thơ City’s Customs Department is targeting collecting VNĐ2.39 trillion (US$102.98 million) for its budget, exceeding 5 per cent of the goal assigned by the Ministry of Finance.

Russian government issues resolution on shipments through Ukraine

The Ministry of Industry and Trade’s Import-Export Department has informed firms and business associations about a new Russian resolution regarding exports to Russia that transit though Ukraine, urging businesses to assure consideration of customs procedures.

SSC to strengthen handling of stock manipulation

The State Securities Commission of Vietnam (SSC) will strengthen co-operation with the ministry of Public Securities to bolster the inspection and handling of manipulation and insider trading on the stock market.

VN drops on global talent index

Việt Nam ranked 92 out of 125 countries in the 2019 Global Talent Competitiveness Index (2019 GTCI), a report assessing the competitiveness of countries’ human resources.

Business climate needs more work

The Vietnamese Government should focus on promoting electronic payments and online public services together with developing the start-up ecosystem in 2019, attendees heard at a conference by the Central Institute for Economic Management (CIEM) on Tuesday in Hà Nội.

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