Business development strategies

As much as 755.75 million USD in FDI was poured into Hai Phong city in the first half of this year. (Photo: VNA) Hanoi (VNA) – The northern city of Hai Phong has attracted 755.75 million USD in foreign direct investment (FDI) to local industrial parks (IPs) and economic zones (EZs) in the first half of 2022, raising total FDI there to 22.07 billion USD. According to the Hai Phong EZ Authority, the amount was channelled into 21 new FDI projects and 18 existing ones. It is equivalent to 56.2% of the FDI registered in the same period last year. At present, IPs and EZs in the city are home to 438 FDI projects worth 22.07 billion USD in total and 195 domestic investment projects worth 12.57 billion USD. Head of the authority Le Trung Kien said from now to 2025, the 15 IPs in the city will be expanded to 6,418ha from the current 6,074ha. The latest of them is Tien Thanh IP, for which an infrastructure construction and business project recently received an … [Read more...] about Hai Phong attracts more foreign direct investment in H1

Deputy Minister of Agriculture and Rural Development Tran Thanh Nam (R) and Mongolian Ambassador to Vietnam Jigjee Sereejav at the event. (Photo: VNA) Hanoi (VNA) – Agriculture holds a great potential to help developing cooperation between Vietnam and Mongolia, Mongolian Ambassador to Vietnam Jigjee Sereejav has said. The diplomat made the comment at a recent meeting with Deputy Minister of Agriculture and Rural Development Tran Thanh Nam in Hanoi to discuss the promotion of the bilateral trade of farm produce. Agreeing with his guest, Nam expressed his belief in the nations achieving their 100-million-USD trade goal soon, particularly via strengthening farming collaboration in the time to come. Transport between the sides presents a difficulty which should be tackled to facilitate regular interactions between their enterprises, Nam said. The official noted that he wants to know more about strong agricultural hubs of Mongolia. The ambassador said the countries can … [Read more...] about Vietnam-Mongolia cooperation sees significant potential from agriculture: Ambassador

Illustrative photo (Source: VNA) Hanoi (VNA) – Vietnam posted 27.88 billion USD worth of agro-forestry-fishery exports in the first half of this year, an annual increase of 13.9%. According to the Ministry of Agriculture and Rural Development, of the total value, the groups of key farm produce and forestry products contributed 11.37 billion USD and 9.1 billion USD, both growing by 8.8% and 3% year-on-year, respectively. Fishery products shipped overseas during the six months, meanwhile, reeled in 5.8 billion USD, up 40.8% annually. There were nine type of goods recorded an export revenue exceeding 1 billon USD in the period, namely coffee, rubber, cashew, vegetable-fruit, rice, Tra fish, shrimp, woodwork products, and inputs for production. The ministry said the US and China were the biggest importers of Vietnamese agro-forestry-fishery goods for spending more than 7.61 billion USD and 4.97 billion USD, increasing 7.9% and 5.9% from the same period last year, … [Read more...] about Agro-forestry-fishery exports rake in 27.88 billion USD in 6 months

The week-long event, which started on June 26, is hosted by the Vietnam Trade Office under the Vietnamese Embassy in the U.K. in collaboration with the Vietnam Business Association in the U.K. (VBUK), and Longdan and EUTEK groups. As part of activities in the trade promotion program of the Vietnamese Ministry of Industry and Trade (MoIT), the event aims to promote Vietnamese high-quality products which are benefiting from the U.K.-Vietnam Free Trade Agreement (UKVFTA), to British retailers and consumers. Handicraft products, coffee, fresh and dried fruits, canned fruit juice, vermicelli, dried noodle, rice papers, cashew nuts, and fragrant rice of reputable export enterprises of Vietnam are being displayed at the supermarket and Vietnamese markets in Nottingham city. At the event, Sao Thai Duong JSC became the first Vietnamese enterprise to set up a showroom in the U.K. to introduce its herbal healthcare and beauty products. Speaking at the opening ceremony, Ambassador Nguyen … [Read more...] about Vietnamese goods, foods introduced in U.K.

National Assembly Chairman Vương Đình Huệ (left) had a meeting with Hungarian Prime Minister Viktor Orbán on Tuesday in Budapest. — VNA/VNS Photo Doãn Tấn BUDAPEST — Vietnamese National Assembly Chairman Vương Đình Huệ said his visit to Hungary is an opportunity to deepen and promote the comprehensive partnership between Việt Nam and Hungary, especially parliamentary ties. The top Vietnamese legislator made the remarks as he met Hungarian Prime Minister Viktor Orbán on Tuesday in Budapest, expressing his delight at the visit, and the chance to meet close friends of Việt Nam. Huệ said the visit would open up new cooperation areas between the two countries in multilateral or regional forums. The Vietnamese and Hungarian leaders concurred that the two countries had enjoyed a close-knit, time-tested, loyal relationship, a valuable asset that not many countries have had, so all present and future leaderships and peoples of the two countries should ensure its continuing growth. … [Read more...] about Việt Nam, Hungary to further promote trade, politics, and people-to-people exchanges: Leaders

President Nguyễn Xuân Phúc on Tuesday had talks with Honorary Consul of Việt Nam in Switzerland Philipp Rosler in Hà Nội. — VNA/VNS Photo Thống Nhất HÀ NỘI — President Nguyễn Xuân Phúc on Tuesday hosted a reception for Honorary Consul of Việt Nam in Switzerland Philipp Rosler and a Swiss business delegation who are visiting Việt Nam to seek opportunities for trade and investment cooperation between Việt Nam and Germany and Switzerland. The State leader hailed the contributions by Rosler to the Việt Nam-Germany strategic partnership either as a German politician in the past or a business leader and Việt Nam’s Honorary Consul in Switzerland at present. Noting the fast recovery of tourism in Việt Nam, President Phúc said he hoped more and more tourists and businesses from Europe would come to the country following the reopening. According to the President, although the EVFTA has opened up opportunities for trade and investment ties between Việt Nam and Germany and Switzerland, … [Read more...] about President hosts Honorary Consul of Việt Nam in Switzerland

NA Chairman Vuong Dinh Hue (L) and his Hungarian counterpart László Kövér at the press meeting on June 27. (Photo: VNA) Budapest (VNA) – Vietnamese National Assembly (NA) Chairman Vuong Dinh Hue's official visit to Hungary has attracted attention from the media in Eastern Europe. In Hungary, Magyar Nemzet (Hungarian Nation) newspaper ran an article saying the two countries’ traditional friendship has recorded great strides, especially since the visit to Vietnam by Prime Minister Orban Viktor and a trip to the European nation by General Secretary of the Communist Party of Vietnam Nguyen Phu Trong. Hue's visit from June 25-28 would create a stepping stone for the two countries’ comprehensive partnership to enter a new chapter in the time ahead, particularly after Vietnam and the European Union (EU) completed the ratification of the EU-Vietnam Investment Protection Agreement (EVIPA) and a free trade agreement (EVFTA), according to Magyar Nemzet. In its writing, Magyar … [Read more...] about NA leader’s Hungary visit grabs headlines on Eastern European media

Tibor Novak, director of Gedeon Richter, talks to Vietnamese National Assembly Chairman Vuong Dinh Hue. — VNA/VNS Photo Doan Tan As part of his official visit to Hungary, National Assembly (NA) Chairman Vuong Dinh Hue met with entrepreneurs with business operations in Viet Nam on Tuesday. During talks with the heads of multinational companies Gedeon Richter and Egis, the NA Chairman said that pharmaceuticals had great potential for cooperation in Viet Nam with multiple preferential policies. Specialising in biotechnology and pharmaceuticals, Gedeon Richter’s products entered the Vietnamese market in 1954 and officially established a representative office in 1995. Egis set up an office in Viet Nam in 2000 and is planning to expand its local operation by upscaling this establishment to be the representative office for ASEAN. NA Chairman Vuong Dinh Hue (centre) meets with the leaders of Egis Pharmaceuticals. — VNA/VNS Photo Doan Tan Taking into consideration the … [Read more...] about NA Chairman meets Hungarian entrepreneurs during official visit

National Assembly Chairman Vuong Dinh Hue pays an official visit to the United Kingdom of Great Britain and Northern Ireland from June 28-30 (Photo: VNA) Hanoi (VNA) – Chairman of the National Assembly Vuong Dinh Hue’s official visit to the UK from June 28-30 presents a great opportunity for the two countries to strengthen their relations in legislative and reform issues that will support Vietnam’s development in the coming years, UK Ambassador to Vietnam Gareth Ward has affirmed. Talking to the press, he said there are three main areas for such cooperation, namely digitalisation, 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 UK 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 … [Read more...] about Top legislator’s visit a great opportunity for boosting Vietnam-UK ties: UK Ambassador

Entrepreneurs remain inspirations for Vietnamese youth According to the report, over 23 million (25 per cent) of the population are youth aged 16 to 30. Of them, 43 per cent want to become entrepreneurs, followed by working in the media and communications (37 per cent), education (22 per cent), technology (20 per cent), NGO and government (17 per cent), and financial sectors (11 per cent). Only a small proportion of the respondents seek careers in transportation (8 per cent) and energy (5 per cent). It is worth noting that while there is an increasing demand for digital skills in the country, these were the least cited among the skills that need development. Instead, around half of the young people surveyed would like to further gain self-leadership (53 per cent) and interpersonal skills (48 per cent). This is followed by reskilling in cognitive and advanced digital skills (37 per cent) and basic digital skills (28 per cent). Vietnam is also undergoing a shift from a … [Read more...] about Entrepreneurs remain inspirations for Vietnamese youth