Việt Nam News

Luxembourg is running 58 projects worth over US$2.6 billion in Việt Nam, ranking 17th out of 141 countries and territories investing in the Southeast Asian nation, according to the forum’s organisers.

In the first ten months of 2022, export turnover was estimated at over US$1.12 billion, an increase of 21.03 per cent.

Tourism and sea economy continued to play large parts in the development strategy for the northern coastal province of Quảng Ninh, according to the province's People's Committee.

The centre is equipped with laboratories, machinery, and facilities to help creators and enterprises conduct research and reform without having to make their own financial investment.

Quảng Ninh will give top priority to positioning the brand name of seaports and seaport services in both domestic and international markets in a bid to reach its full economic and commercial potentials of deep-water seaports in the next years, the provincial Maritime Administration has said.

Officially established in July this year, the project groups the provinces of Quảng Ninh, Hải Dương, Hưng Yên and Hải Phòng City to form a zone for economic growth.

Việt Nam wants to foster cooperation with Luxembourg to develop its frontier stock market into an emerging one, including in building institutions, technology, digital transformation, market management and human resources training.

Quảng Ninh Province has developed a ‘three-in-one’ model in which industrial parks-urban areas and service areas are at the core, supported by the system of synchronised technical and social infrastructure towards modernisation, creating unique essential services for safe, civilised working and living environment.

Major investments in energy, transport, tourism, agriculture and other sectors have impacted growth as infrastructure is an essential factor that helps facilitate trade, reduce costs of goods delivery, assist the mobility of people and products as well as increase competitiveness for the locality.

According to the report, Vietnamese companies have been relatively resilient during the pandemic.

Earlier this month, Việt Nam was ranked in the top Baseline and Cost quartile in the latest Manufacturing Risk Index 2022 by Cushman & Wakefield, whose report noted the country was among markets benefiting from the China+ approach of foreign investors.

High inflation has also eroded the countries' domestic consumption, leading to unsold inventory.

Determination and drastic efforts by all ministries, agencies and localities were needed to improve the business environment which was vital to create economic growth driver.

Shares increased for a second day, led by airlines and banks, but liquidity dropping showed investors’ caution about the market outlook.

The proposal was raised in the report of the municipal People’s Committee about the development of a resolution suggesting specific mechanisms and policies for the southern city.

TCBS has the highest credit rating based on the value of international unsecured loans of approximately VNĐ8 trillion.

As China has been loosening COVID-19 prevention and control measures, Vietnam Airlines officially reopened several routes between Việt Nam and China to meet the travel demand of passengers.

The Baekdu Forum 2022 was jointly held by the Vietnam Chamber of Commerce and Industry (VCCI) and the Korea Federation of Small and Medium Business (KBIZ) with the support of the Saigon Telecommunication & Technologies Corporation (SaigonTel).