Vietnam's economy saw its strongest first-quarter growth in a decade, data showed on Thursday (Mar 29), driven by a surge in electronics manufacturing and exports. While agriculture and wholesale and retail trade have seen steady rises, manufacturing remains a the pillar of Vietnam's growth. (Photo: AFP/Hoang Dinh Nam) The reading comes as the communist country is poised to expand its overseas markets after signing an 11-nation Asia-Pacific trade deal this month that replaces the Trans-Pacific Partnership (TPP), scrapped by the US last year. Observers said a spike in exports was a promising sign that Vietnam's market has not been dented by US President Donald Trump's protectionist agenda. The 7.38 per cent GDP expansion in January-March was sharply up from the rate of just over five per cent seen in the same period last year, according to the Government Statistics Office, and well above the government's annual target of 6.7 per cent. The figures are the best since a 7.40 per … [Read more...] about Vietnam economy grows at best rate in a decade
Best trade in deals
Viettel always tries to create a friendly workplace for its staff. With this new title, Viettel has moved up four positions in the list compared to the previous year. Viettel is also the only state-owned enterprise listed in the top 10 companies with the best working environment in Vietnam and is an enterprise with an increasingly attractive brand in information technology, infrastructure and telecommunications. According to Ms. Nguyen Ha Thanh, Viettel’s PR Director, the most wonderful thing that Viettel has created for its staff is inspiring them to have aspiration for and make devotion to the country, deal with social issues and contribute to improving the quality of people’s lives. To this end, Viettel’s staff have continued to overcome challenges, improve their competencies and reduce their own limitations and, as a result, they are able to adapt to any changes in life. Viettel has built up the most modern 4G system, which allows customers to use … [Read more...] about Viettel listed among best workplaces in Vietnam
U.S. President Barack Obama, in a message to Iran's people and leaders on Thursday, said this year represented the "best opportunity in decades" to pursue a different relationship between their two countries. Obama said nuclear talks between Iran and Western powers had made progress but that gaps remained. "This moment may not come again soon," Obama said in his message celebrating Nowruz, the Iranian New Year. "I believe that our nations have an historic opportunity to resolve this issue peacefully - an opportunity we should not miss." Iran and six world powers are seeking a comprehensive agreement to curb Iran's most sensitive nuclear activities for at least 10 years in exchange for a gradual end to sanctions against Tehran. The powers aim to complete the framework of a final deal by the end of March and reach a full agreement by June 30. Western powers and their allies suspect Tehran of wanting to create an atomic weapons capability. Tehran denies that and says its nuclear … [Read more...] about Obama to Iran’s people: ‘Best opportunity in decades’ to pursue different future with U.S.
A record US$2.5 billion worth of business contracts were reportedly signed between Vietnamese and Chinese entrepreneurs at the Vietnam-China Business Forum in Beijing on Friday. They included two credit agreements, one between the Electricity of Vietnam Group and the China Export Import Bank on providing purchaser's export credit to the Hai Phong thermopower 2 project, and the other between Vietnam's giant shipping corporation Vinalines and the China Development Bank on financing the Ben Dinh-Sao Mai project. They also included an agreement between An Phu Corp. and China Merchant Group to develop a $1-billion An Phu Hung urban complex in Ho Chi Minh City, and an agreement between Vietnam's Van Chan Hydropower Co. and a Chinese power group to build a $600-million thermopower plant in Vietnam. Among the others are a $400 million deal to build a highway linking Halong, Mong Cai and Quang Ninh, and a $33 million deal to build the Du Long Industrial Park in Vietnam's central Ninh Thuan … [Read more...] about Vietnam, China business forum yields $2.5 billion in deals
Prime Minister Nguyen Tan Dung began his visit to the United Kingdom with a meeting with Lord Mayor of London David Lewis and by witnessing the signing of deals worth US$1 billion between UK and Vietnamese businesses. The deals included a reciprocal agreement between PetroVietnam and the UK-based exploration and production company, Salamander, under which PetroVietnam would take a working interest as a partner in Salamader's Block operation and Salamander would take a working interest as a partner in PetroVietnam's Champasak and Sanravan Block operation; An additional agreement was struck between PetroVietnam and oil and gas company Soco International under which PetroVietnam would take over Soco exploration acreage in the Republic of Congo and the Democratic Republic of Congo. Among other contracts signed, Standard Chartered Bank agreed to provide funding to Viet Nam's Incombank that would enable it to achieve the minimum capital holdings required for equitisation, while Bao Viet and … [Read more...] about PM kicks off UK tour with $1 billion in deals