Việt Nam News

Five or six more industrial parks were expected to be built in the northern port city of Hải Phòng, according to head of the municipal Economic Zone Authority (HEZA) Phạm Văn Mợi.

The assessment of Foreign Direct Investment (FDI) attraction must be realistic and systematically in order to tackle shortcomings and meet new domestic and global context, said Deputy Prime Minister Vương Đình Huệ.

Côn Đảo Express 36 – a high-capacity, high-speed ship made in Việt Nam – was launched from the northern province of Quảng Ninh yesterday.

The Government does not intend to relax its policies to control inflation as macroeconomic stability remains top priority, Deputy Prime Minister Vương Đình Huệ said.

 The northern port city of Hải Phòng’s index of industrial production (IIP) increased 25.15 per cent over the first nine months of this year compared to the same period in 2017.

The northern coastal province of Quảng Ninh has emerged as a magnet for foreign investors in recent years thanks to its youthful population, favourable business climate and administrative reforms.

Vietnamese enterprises need to improve their capacity to produce raw materials, components and machines of high quality to meet requirements of Japanese manufacturers in the country, experts said at a meeting held on July 27 in HCM City.

The rest of this year is likely to be a difficult period for the economy meaning challenges for the Government in achieving the targets set for the year.

Most construction projects in northern Hải Phòng City have are running well above their initial cost estimates, with the cost hikes in some cases reaching thousands of billions of đồng, according to a recent inspection by the Government Inspectorate.

Hải Phòng is projected to become a green city and a major maritime service hub by 2025.

The second training programme on eco-industrial parks has been held today in Hà Nội, as part of a US$53-million project to set industrial production in Việt Nam on the path of sustainable development.

The municipal People’s Committee chairman Nguyễn Văn Tùng attributed this positive result to the city’s ongoing efforts to foster administrative reforms, improve its investment climate, accelerate investment promotion and resolve difficulties for investors in implementing their projects here.

Natural rubber prices have been falling since the second half of 2017, causing rubber enterprises to become cautious in making business plan for 2018.

The Government would not use public funds to rescue 12 loss-making projects under the jurisdiction of the Ministry of Industry and Trade (MoIT), Deputy Prime Minister Vương Đình Huệ said.

Japan’s Jyuichiya Industries Co Ltd, specialising in welding, opened its first overseas factory on Monday in the DEEP C Industrial Zone in the northern Hải Phòng Port City.

VinFast Manufacturing and Trading Company Limited has launched a Training Centre for Mechatronics and Mechanical Engineering in Đình Vũ-Cát Hải Economic Zone in the northern port city of Hải Phòng.

As of January 20, FDI projects disbursed $1.05 million, 10 per cent higher than the same period last year.

The Việt Nam General Confederation of Labour (VGCL) has helped improve the quality of meals for workers as it makes the issue part of the collective bargaining between employers and employees.

Việt Nam has remained an attractive destination for foreign investors in 2017 with total foreign direct investment (FDI) capital registered in the country hitting a record high of US$35.88 billion, up 44.4 per cent against last year.