Development of an LNG power plant in the Chan May-Lang Co EZ will likely generate positive economic impacts in a variety of ways on the local economy from the construction to the operational phase. A project of this nature and scale generally increases local GDP by 7-15 per cent during construction and 5-7 per cent during operations, according to experts. This increase in GDP over the life of the project will have significant benefits to families, local businesses, and the ability of the province to meet master plan objectives. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES JULY 7
Business universal development bank
A worker operates a yarn processing line at Best Pacific Vietnam Co. Ltd at the Vietnam-Singapore Industrial Park (VSIP) in the northern province of Hai Duong. (Source: VNA) Vietnam has now integrated more deeply into the global economy thanks to the strong development of its manufacturing sector, said economist Chidu Narayanan at Standard Chartered Bank. The country has one of the most open economies in Asia, with a trade-to-GDP ratio surging to 300 percent, so it heavily depends on global demand, he explained. … [Read more...] about Standard Chartered Bank: Vietnam’s 2020 economic growth to fall to 3.3 pct.
HCM CITY — With the EU-Việt Nam Free Trade Agreement (EVFTA) coming into effect in August and eliminating most tariffs, agriculture, forestry and aquaculture businesses need to be aware of the EU’s stringent regulations, experts have said. … [Read more...] about Production reform, awareness of EU regulation needed among agriculture businesses for EVFTA: experts
Furthermore, the state budget will support transportation businesses, modernize smart management system and issue policies and mechanism. The city will use official development assistance (ODA ) on bus fleet, smart ticket issuance, electric motorbike and river transportation which will estimated around VND346.1 trillion. … [Read more...] about HCMC plans to develop public transport network
Meanwhile, a number of Israeli organisations and businesses have expressed a keen interest in co-operating alongside Vietnamese partners in areas such as start-up activities, scientific and technological applications, and technical solutions in a bid to increase production activities and shift investment and production chains to Vietnam. … [Read more...] about Israeli businesses keen to import medical supplies from Vietnam