Baosheng science and technology innovation

Roads, airports, and seaports are being looked at by overseas companies in terms of investment feasibility, Photo: Shutterstock On June 16, Hoang Gia Khanh, deputy general director of state-owned railway giant Vietnam Railways (VNR), received a delegation of Austrian businesses at its headquarters who introduced new products and technology solutions aiming to seek opportunities in the local industry. The commercial counsellor of the Austrian Embassy in Hanoi said that businesses expect to intensify cooperation with VNR, specifically those in funding and upgrading projects, as well as machinery upgrading and maintenance. He added that besides official development assistance, the Austrian government also has other financial tools that can help VNR access financial resources and technologies. According to Khanh, investment demand for the industry’s infrastructure development is huge and he highly appreciates the products and technology of groups like Plasser & Theurer and … [Read more...] about Reopening increases foreign interest in transport upgrade

A view of the Dong Van II Industrial Park in the northern province of Ha Nam. (Photo: VNA) Hanoi (VNS/VNA) - The Ministry of Planning and Investment (MPI) has called for the implementation of an industrial environmental index in Vietnam, according to Le Thanh Quan, head of MPI's department of economic zone management. Quan said the establishment of environmental standards in more than 400 industrial parks and 18 economic zones across the country was to play a significant role in resolving environmental issues, reducing waste and achieving sustainable development. The MPI had been gathering data and feedback in preparation to set up Vietnam's industrial environmental standards. He said it was in line with the global trend to promote sustainable industrial development among developed countries including Japan, the Republic of Korea and Switzerland. The implementation of the index was also part of a national development strategy on green growth for the 2021-2030 … [Read more...] about Vietnam to establish industrial environmental index

Illustrative photo (Source: VNA) Hanoi (VNA) - Vietnam is emerging as a good option for Kiwi exporters looking to diversify where they sell their goods, said New Zealand’s new site 1news .co.nz in a recent article. The article cited the Ministry of Foreign Affairs and Trade of New Zealand’s report prepared by the Embassy in Hanoi as saying between 2016 and 2021, Vietnam led ASEAN in terms of growth per capita. This growth rate is higher than that of other major ASEAN markets such as Singapore, Malaysia, or the Philippines Trade Commissioner Joseph Nelson said Vietnam is a "frontier market" presenting new opportunities, and challenges, to Kiwi exporters looking to diversify. "As Vietnam has come out of its COVID waves, we are seeing a really strong bounce back in the economy. GDP is expected to be between 6.5% to 7.5% next year," he said as quoted by the article. "All the markets in Southeast Asia are bouncing back quite strongly, but Vietnam definitely is the best … [Read more...] about Vietnam’s economy lures New Zealand exporters

At the meetings with a leader of Gedeon Richter Company – Hungary’s multinational company operating in the field of pharmaceutical manufacturing and biotechnology research and development (R&D), and representatives of Egis Company - a leading pharmaceutical company in the Central Eastern Europe, Hue appreciated the results of their activities in Vietnam, adding that pharmaceuticals is the country’s potential field of cooperation with many preferential policies. Leaders of Gedeon Richter and Egis showed their hope that Vietnam will speed up and simplify administrative procedures for drug registration so that many new products can be supplied to the Vietnamese market; issue a longer pharmaceutical distribution license; and find solutions to some problems related to drug registration. Noting their recommendations, the Vietnamese N.A. Chairman stated that not only the Ministry of Health but also other ministries and sectors are stepping up administrative procedure reform in order … [Read more...] about N.A. Chairman receives leaders of several Hungarian companies

Talking to the press, he said there are three main areas for such cooperation, namely digitization, simplification of rules and procedures to strengthen the business environment; supporting equality, gender equality and equality for minority groups; and legislation and regulation around the green economy. He stressed that the strategic partnership between the U.K. and Vietnam is solid but there is plenty of room for it to expand. Hue’s visit, the second of a senior Vietnamese leader to the U.K. within the past year, will help to push forward the cooperation between the two parliaments and governments, he said. "The relationship between the U.K. and Vietnam is built on people-to-people links. So I think this visit is a good symbol that we are open for business again in both directions,” said Ward. Businesses can travel, invest and develop export and import, while students from Vietnam can come to the U.K. and vice versa, he added. “We hope that we will soon see the return to … [Read more...] about Top legislator’s visit a great opportunity for boosting Vietnam-U.K. ties: U.K. Ambassador

Trade Counselor in Belgium Tran Ngoc Quan briefed participants on the investment environment in Vietnam at the event during which potential and strengths of Belgian regions were introduced. According to Ambassador Nguyen Van Thao, there remains great potential for Vietnam and Belgium to expand their cooperation, especially in agriculture; green growth; seaport and logistics development and innovation. The two countries should work closely to create a favorable environment for the business community of both sides to exploit these potentials, he said. Mariella Cantagalli , an expert from the Directorate General for Trade of the E.C., said the E.U.-Vietnam Free Trade Agreement (EVFTA) has facilitated the exchange of trade and import-export between Vietnam and E.U. member countries in general, and Belgium in particular. Vietnam and Belgium has become strategic partners in agriculture. The two-way trade reached a record of 3.6 billion EUR (nearly 3.8 billion USD) in 2021. The … [Read more...] about Vietnam, Belgium look to step up trade, investment ties

Even though there are differences between the two systems, the two sides will find plenty of common ground, which hopefully will lead to closer cooperation and dialogue in bilateral parliamentary relations, Mr. Morris, who is also former British Ambassador to Vietnam, told Vietnam News Agency ahead of Hue’s official visit to the U.K. from June 28 – 30. Mr. Morris spoke highly of the Vietnam-U.K. relations, saying the 50th anniversary of their diplomatic ties next year is a fine milestone. The bilateral relationship has broadened and deepened enormously during the two decades since 2003 when Vietnam and the U.K. celebrated the 30th anniversary and he served as the British Ambassador to the Southeast Asian country, he recalled. The recent renewal after an initial 10 years of the two countries’ Strategic Partnership was a clear indication of a healthy and vibrant official relationship, as was the signing of a bilateral Free Trade Agreement in late 2020, which is already leading to a … [Read more...] about Vietnam, U.K. legislatures will find common ground for closer cooperation: VUKN Chairman

The delta is undergoing infrastructure changes, including being able to welcome larger ship capacities At the conference over a week ago on announcing the delta’s master plan and investment promotion in the 2021-2030 period in in the Mekong Delta city of Can Tho, Dutch Ambassador to Vietnam Elsbeth Akkerman highlighted the role of the private sector. “In order to develop the Mekong Delta to become liveable land for all, we should put the private sector at the forefront for further innovation,” said the ambassador. The ambassador would like to continue working with the government, private sector, scientists, and non-governmental organisations in Vietnam to successfully implement the integrated master plan to help people, the economy, society, and nature in the Mekong Delta region flourish. According to the Ministry of Planning and Investment (MPI), the total state budget for the Mekong Delta in the 2021-2025 period is estimated to be about VND460 trillion ($20 billion). … [Read more...] about New lease of life for delta development

Vietnamese and Chinese officials take part in the teleconference on June 29. (Source: VNA) Hanoi (VNA) – A conference reviewing cooperation between Vietnamese ministries, localities and Guangdong province of China was held in virtual form on June 29 under the chair of Vietnamese Deputy Foreign Minister Pham Quang Hieu and Guangdong’s Vice Governor Wang Xi. Opening the conference, the eighth of its kind, Deputy FM Hieu expressed joy at the positive developments in the Vietnam-China relationship in general and between Vietnamese ministries, localities and Guangdong in particular. Guangdong has the biggest trade revenue with Vietnam among Chinese localities , with bilateral trade up 16.2 percent in 2021 to 47.42 billion USD, accounting for more than one quarter of Vietnam-China trade value. Guangdong companies invested nearly 2 billion USD in Vietnam in 2019-2020. Deputy minister Hieu said amidst fast developments in global and regional economic situation, the two … [Read more...] about Conference reviews Vietnam-Guangdong cooperation