VietNamNet Bridge - Multinationals will have to think carefully about whether to relocate to Vietnam to avoid any negative impact from the US-China trade war, experts say. Multinationals will have to think carefully about whether to relocate to Vietnam International and Vietnamese experts have predicted that there will be a wave of ‘US-China trade war refugees’ coming to Vietnam. As the US has imposed higher taxes, Chinese goods have become less competitive in price in the US market. In such a context, manufacturers can continue making products in Vietnam for export to the US without having to bear high tax rates. Vietnamese experts think that foreign investors will flock to Vietnam in the context of the trade war but wonder if Vietnam is capable of absorbing the huge investment capital flow in the time to come. Nguoi Lao Dong newspaper quoted Takahisa Onose from the Japanese Entrepreneurs Association in HCM City as saying that most Japanese enterprises … [Read more...] about Will foreign investors relocate to Vietnam during the US-China trade war?
6 month trade programs
Leaders of PetroVietnam visit and encourage laborers of PV GAS However, PV Gas faced many difficulties and obstacles from unexpected incidents occured in Nam Con Son and PM3-Ca Mau gas systems which caused interruption of gas supplies for a long time; increasing demand of Gaslift from Vietsovpetro, and the amount of gas from Cuu Long basin gradually decreased. In addition, some projects had many problems to be handled and needed a longer time to get approval by fuctional agencies. Despite this, all leaders and staff of PV Gas made continuous great efforts and determination to complete its goals and along with directions and support from the Vietnam Oil and Gas Group (PetroVietnam), the corporation has obtained significant achievements, completed and exceeded most targets in 2008. Controlling modern gas systems Accordingly, PV GAS safely operated the gas system, and did not to let accidents affect people, assets and reputation of the corporation. Its production plan … [Read more...] about Welcoming 2019: PV GAS fulfills yearly production targets 3 months ahead of schedule
The Hanoitimes - With FDI reaching US$6.26 billion, a 3.6-fold increase over the same period of 2017, from the start of this year, the Hanoi government commits to continuously improve the investment climate. Hanoi's main economic indicators in August continued to see positive performance and improved in the first eight months this year compared to a year earlier, according to statistics announced at a monthly meeting of the Hanoi People's Committee on August 27. The meeting was was chaired by the committee's Chairman Nguyen Duc Chung and attended by his five deputies namely Nguyen Van Suu, Nguyen Quoc Hung, Nguyen The Hung, Ngo Van Quy, Nguyen Doan Toan, and Le Hong Son. Chairman of the Hanoi People's Committee Nguyen Duc Chung addressed the meeting At the meeting, Director of the Hanoi Department of Planning and Investment Nguyen Manh Quyen said industrial production in the city increased by 7.2% year-on-year in August. Total retail sales and service revenue in … [Read more...] about Hanoi maintains positive economic picture in 8 months
(VEN) - The 10th meeting of the UK-Vietnam Joint Economic and Trade Committee (JETCO) 2018 took place on June 11 in Manchester, the United Kingdom (UK). The event, co-chaired by UK Minister of State for Trade Policy Greg Hands and Vietnamese Deputy Minister of Industry and Trade Hoang Quoc Vuong, was aimed at removing trade barriers between the two countries. Vietnamese Deputy Minister of Industry and Trade Hoang Quoc Vuong (left) and UK Minister of State for Trade Policy Greg Hands sign a cooperation agreement The two sides affirmed their commitment to boost bilateral trade further as stated in the joint statement on the UK-Vietnam strategic partnership signed in 2010. The meeting, marking the 45th anniversary of diplomatic relations between the two countries, focused on economic and trade issues of mutual concern, easing short-term barriers to trade and improving market access for UK products exported to Vietnam, such as meat, spirits, pharmaceuticals, and … [Read more...] about UK seeks post Brexit trade cooperation with Vietnam
PM chairs Government monthly meeting, Ha Noi, April 2, 2018 - Photo: VGP/Quang Hieu Speaking at the meeting, the PM hailed the nation’s GDP growth of 7.38% in the first quarter, the highest figure recorded over the recent 10 years. Regarding the Government’s determination to attain the economic growth of 6.7% in 2018, the Government chief highlighted the quality of growth, including the improvement of other sectors such as society, defense, security and diplomacy. He hailed the Ministries of Justice, Transport, Health, Construction, Agriculture and Rural Development for announcing programs to reduce 50% of administrative procedures. PM Phuc asked to closely control inflation and stabilize the macro-economy, requiring the State Bank of Viet Nam to effectively monitor the monetary policy, interest rates and harmoniously manage the fiscal policy with other macro-policies for boosting growth. Referring other nations’ trade protection … [Read more...] about PM stresses growth quality improvement at Gov’t monthly meeting