Motivation for regional economic development After the expansion of the administrative boundary according to Resolution No. 15/2008/QH12 of the 12th National Assembly, Hanoi has had many new resources. However, Hanoi needs strong reform policies to promote economic growth in line with its potential and promote its role as a driving force in the Northern key economic region and the Red River Delta region. Therefore, after the "Year of administrative discipline 2017", Hanoi defined 2018 as the "Year of enhancing the effectiveness and efficiency of the political system". In order to achieve a positive economic growth rate, the city focused investment on industrial production and accelerated the progress of planning and industrial development strategies towards prioritising high technology and clean technology industries and modern trade and service models. The city has also issued a plan to boost its exports, foster investment, and promote product brands through a number of fairs and … [Read more...] about New vitality in the thousand-year-old capital city
25 year old investment strategy
Unbroken momentum after 25 years
Vietnam is gathering spotlight as it strides into a new era revolving entirely around being better connected, faster, and smarter. Foreign banks are done seizing up Vietnam and are ready to wade deeper in, following the likes of ANZ Vietnam, which celebrates its 25th anniversary in the country this year. How do you see Vietnam’s economic development? What strikes you as the most impressive aspect of the Vietnamese economy? Farhan Faruqui and Jodi West at ANZ Vietnam’s 25th anniversary celebration Faruqui: In the past 20 years, the Vietnamese economy has been performing incredibly well with GDP growth close to seven per cent per annum. The country is liberalising trade by joining various trade deals, and is also a beneficiary of growing foreign direct investments as the world moves towards technology and manufacturing. We are fascinated by three aspects of Vietnam’s economic growth. First, more than half of the 100 million population is under 35 years old, … [Read more...] about Unbroken momentum after 25 years
The PAN Group’s Vinaseed – 50 years alongside Vietnamese agriculture
Vinaseed Group has launched a new brand name and identity Established in 1968, the seeds Vinaseed had sown have grown into "stately trees," contributing to the continuous improvement of Vietnamese farmers’ living standards, technical skills, and actual incomes. Having set the goal to provide high-quality seeds with high productivity and wide adaptation, Vinaseed has been focusing on researching, applying, and transferring technology as well as industrialising the seed industry. Since equitisation (Stock code: NSC), Vinaseed has considered science and technology as an important tool for enterprise development and competitive advantage enhancement, while investing more than VND300 billion ($13 million) into R&D, opening up brighter and more energetic prospects. Vinaseed became the rising star in the Vietnamese seed sector as the first company in the country to be recognised as a scientific and technological company. Tran Kim Lien, Vinaseed chairman and general … [Read more...] about The PAN Group’s Vinaseed – 50 years alongside Vietnamese agriculture
Vietnam – Japan: Old partners, new partnership
Nhat Tan Bridge, a symbol of the Vietnam-Japan relations. (Photo: VNA) Hanoi (VNA) – Vietnam and Japan are this year celebrating 45 years of their diplomatic ties, but bilateral relations date back to the 8th century. The over-1,000-year connections are now in their prime, with when two countries in an Extensive Strategic Partnership for Peace and Prosperity in Asia. In the 8th century, a monk named “Phat Triet” (Buttetsu) who came from Champa, an ancient kingdom that extended across the coast of what is today central Vietnam, introduced Rinyu-gaku – a composite ritual art comprising orchestral music and dance – to Japan. This event is considered the beginning of the two countries’ relations. The prime of political relations Weathering ups and downs in history, Vietnam and Japan established diplomatic ties on September 21, 1973, heralding a new era in their relations. Since then, bilateral friendship has been strengthened by generations of … [Read more...] about Vietnam – Japan: Old partners, new partnership
BUSINESS NEWS IN BRIEF 24/8
20th edition of Vietfish expo opens in HCM City The country’s premier fisheries expo, the Viet Nam Fisheries International Exhibition, returns to HCM City 30 per cent larger than when it debuted in 2008.The event, hosted by the Viet Nam Association of Seafood Exporters and Producers (VASEP), opened on August 22 at the Sai Gon Exhibition and Convention Centre in District 7.In its 20th edition this year, the annual event, with the theme “Asia’s Home of Seafood”, has attracted 233 exhibitors from 14 countries and territories.The organisers said the exhibition this year has been expanded by nearly 200sq.m from last year with 7 per cent more exhibitors.Vietnamese companies are once more showing off their potential as leading fisheries exporters.Some 66 per cent of the exhibitors are domestic, organisers said.Of the participants, 55 per cent are in aquaculture and services while the remaining 45 per cent sell machinery and equipment, chemicals, … [Read more...] about BUSINESS NEWS IN BRIEF 24/8