Việt Nam News

The northern port city of Hải Phòng is targeting US$1.5 billion in foreign direct investment (FDI) in the second quarter of 2021, according to head of the Management Board of Hải Phòng Economic Zones Lê Trung Kiên.

Trung Nam Group inaugurated the last phase of its wind farm yesterday in the central province of Ninh Thuận’s Thuận Bắc district, making the 152 MW farm the largest in Việt Nam.

Việt Nam needs to focus more on developing feedstocks and production of intermediate goods, especially in terms of human resources, to enable its industrialisation, experts have said.

Many businesses from the Republic of Korea (RoK) are looking to connect and get more information about the Vietnamese market as well as investment policies of the country, especially in auto parts, mechanics, and electronics, said Vũ Bá Phú, Director of the Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade (MoIT).

Shares edged lower on Friday as selling pressure persisted but falls were capped by strong performance of real estate stocks.

The amount of resources currently exploited is four times more than it was half a century ago, according to the 2019 report of the United Nations Environment Programme (UNEP).

According to a new study, large Vietnamese enterprises are likely to have strategic priorities focusing on growth (42 per cent) as companies respond to market volatility and widespread operational disruptions.

Việt Nam’s wood exports have increased over the last few years and are expected to reach a new record in 2021.

The Vietnam USA Society English Centers is sponsoring the Super 10- Kid Talent TV Show to be broadcast on HTV7 from April 15.

It has earmarked close to VNĐ2.2 billion (US$95,500) to implement activities to attract investment to local projects in supporting industries, petrochemicals, high-technology, seaports, logistics, clean technology, hi-tech agriculture, urban infrastructure, and tourism and services.

The steel industry should diversify its export markets and products to reduce dependence on a single market and minimise the risks of high import tariffs as trade defence investigations targeting the industry increase, experts have said.

Việt Nam has enjoyed high export growth but experts are concerned that the main contributor is foreign direct investment (FDI).

Việt Nam's export turnover of Vietnamese goods to the 27 EU member countries has skyrocketed after eight months of implementing EVFTA, reaching nearly US$4.8 billion.

Several of Việt Nam’s key export sectors, such as textile-garment, leather-footwear, and electronics have become magnets for merger and acquisition (M&As) activities, posing a risk of leading enterprises in those sectors being purchased by foreign investors.

Việt Nam wants to expand mango farming and increase exports of the fruit to US$650 million by 2030 amid growing global demand for it.

Nutifood on April 14 announced the launch of the Nutifood Nutrition Research Institute in Sweden and signing of a communication agreement with the Ministry of Health and agreements with seven medical associations and five medicine and pharmacy universities to bring European standard nutritional solutions to Việt Nam.

The northern province of Quảng Ninh has led in provincial competitiveness among all 63 provinces and cities for four consecutive years, according to the ranking announced by the Việt Nam Chamber of Commerce and Industry (VCCI) and the US Agency for International Development (USAID) yesterday.

Việt Nam’s stock exchange mixed on Thursday as the benchmark VN-Index reversed course to finish lower while the HNX-Index continued its rally.