Business opportunities in md

Canadian Consul General in Ho Chi Minh City Kyle Nunas (L) and Vice Chairwoman of the municipal People’s Committee Vo Thi Hong Anh (Photo: VNA)   Can Tho (VNA) – Canadian Consul General in Ho Chi Minh City Kyle Nunas and authorities of the Mekong Delta city of Can Tho on December 9 committed to bolstering bilateral cooperation in various areas, especially agriculture, health care and environment. During a working session in the city, Vice Chairwoman of the municipal People’s Committee Vo Thi Hong Anh said it is developing high-tech, eco-friendly and sustainable agriculture, as well as high-quality health care, which are also Canada’s strengths. She added that the city calls on foreign investors to provide modern equipment for a local cardiovascular hospital project. According to her, Can Tho also plans to establish a disease control centre to improve forecast and prevention of diseases for local residents. Nunas, for his part, said Canada is … [Read more...] about Canada vows to help Can Tho in agriculture, health care, environment

While growth in most regions has slowed down, Vietnam’s economy is recovering strongly with GDP expanding by an average 6.84% during the 2016-2020 period, beating the set target and marking the highest figure in the past three five-year periods. The EVFTA and CPTPP could increase Vietnam’s GDP by 4.3% and 1.3% respectively by 2030. Such an impressive performance will lay a solid foundation for Vietnam to become a upper middle-income country by 2025. Growth projected at 7% Assessing the prospects of the Vietnamese economy for the 2021-2025 period, the National Centre for Socio-economic Information Forecast (NCIF) under the Ministry of Planning and Investment constructed two scenarios. In the first scenario, GDP growth is projected to average 7% per year, with inflation at between 3.5%-4.5%, while the ratio of capital to GDP is estimated at 31%, compared with 33.5% during the 2016-2020 period. Investment efficiency continues to improve, with the incremental … [Read more...] about Vietnam strives to join upper middle-income countries

In 2018, the textile-garment sector posted year-on-year exports growth of more than 16 percent to surpass USD 36 billion, making Vietnam the world’s third biggest exporter of these products, after China and India. Insiders have recommended Vietnam pay attention to developing weaving and other production activities supporting the textile-garment sector. (Photo for illustration) Based on these figures, the Vietnam Textile and Apparel Association (VITAS) believes the export target of USD 40 billion for 2019 is achievable, thanks in part to FTAs, including the one with the EU – the second biggest market for Vietnamese textile and garment products. VITAS Chairman Vu Duc Giang said the EVFTA, signed in Hanoi on June 30, promises apparel export potential of more than USD 100 billion annually. Textiles and garments shipped to the EU are currently subject to export tariffs of 9.6 percent, but when the EVFTA takes effect, the rate will be gradually … [Read more...] about Apparel sector urged to develop supporting industry to optimize EVFTA