Việt Nam News

It is critical to improve the resilience of the Vietnamese economy to withstand and recover from external shocks, experts told a conference in Hà Nội on Wednesday.

The Fourth Industrial Revolution could increase Việt Nam’s GDP by between US$28.5 billion and $62 billion by 2030, equivalent to a rise of 7-16 per cent, according to the Central Institute for Economic Management (CIEM).

New technology and skilled human resources were the decisive factors to drive Việt Nam’s long-term growth, especially in the face of Industry 4.0-induced changes.

The VN-Index rose for the third straight session on Wednesday as liquidity improved significantly amid rebounding investor confidence of a global market recovery.

Hà Nam Province People’s Committee on Wednesday granted investment licences for two projects, worth a total of US$52 million.

The Mekong Delta province of An Giang planned to export about 5-10 tonnes of mangoes to the US in June, according to deputy director of the provincial Department of Agriculture and Rural Development, Lữ Cẩm Khường.

Vietnamese tra fish, a major foreign currency earner, has gradually won the trust of Japanese consumers as seen in the market’s emergence as one of the 10 biggest tra fish importers of Việt Nam.

The event, which runs until Thursday, is expected to lure more than 110,000 visitors

Việt Nam has experienced increasing demand for modern machinery and production technologies, experts said at the conference

The National Steering Committee for Combating Smuggling, Commercial Fraud and Counterfeit Goods has asked the handling of violations related to “made-in-Việt Nam” origin fraud to be enhanced.

The Vietnamese cosmetics market has grown strongly in recent years given the rapid economic growth and large young population, the Việt Nam Association of Essential Oils, Aromatherapy and Cosmetics has said.

Việt Nam’s seaculture area is set to reach 270,000ha with expected marine production of 750,000 tonnes by 2020.

Japan was a key market for the Vietnamese tourism sector, Deputy Ambassador of Vietnam to Japan Lâm Thanh Phương said yesterday, predicting that the exchange of tourists between the two countries would reach 1.5 million arrivals by 2020.

Việt Nam needs to adjust its development strategy for the mechanical engineering industry to ensure it develops sustainably.

Enterprises should cooperate with universities and research institutes on high-tech solutions to develop the city’s key industrial products, experts have said.

US businesses expected progressive changes and clear improvements in both hard and soft infrastructure as well as policies for investment and business co-operation in Việt Nam, said Vice Chairwoman of the Vietnam Chamber of Commerce and Industry (VCCI) Virginia Foote.

Developers in the south are ignoring the workers’ housing segment despite the huge demand for it, analysts said.

A complex intended to connect Japanese and Vietnamese firms involved in supporting industries will be developed in the Hà Nội Southern Supporting Industrial Park (HANSSIP).