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Hanoi (VNA) – Enterprises from Vietnam and Japan exchanged views on Vietnam’s business climate for foreign investors during a Vietnam – Japan economic dialogue in Hanoi on March 12. The event was co-held by the Vietnam Chamber of Commerce and Industry and the Japan–Mekong Business Cooperation Committee at the Japan Chamber of Commerce and Industry (JCCI) on the occasion of a visit by some 50 leaders of Japanese firms operating in the fields of trade, machine building, automobile, banking, construction, food processing, aviation, home appliances and consultancy. The attendees focused their discussion on issues such as Vietnam’s current credit and land policies and regulations, or development potential in tourism and transportation. In his opening remarks, VCCI Vice Chairman Hoang Quang Phong lauded the economic cooperation between Vietnam and Japan, saying the two-way trade has been growing steadily over recent years. In 2017, Japan was Vietnam’s … [Read more...] about VN-Japan dialogue spotlights local business climate for foreign investors

New Delhi (VNA) – Vietnamese President Tran Dai Quang’s three-day state visit to Bangladesh looks to intensify trade and investment promotion, and create favourable conditions for businesses between the two countries to achieve a two-way trade goal of 1 billion USD, according to the newspaper "Daily Star". The Bangladeshi newspaper quoted a high official at the foreign ministry as saying that the bilateral trade volume between Bangladesh and Vietnam was increasing. On its article published on February 28 ahead of President Tran Dai Quang’s visit, which will start on March 4, the paper said “Bangladesh and Vietnam are enjoying economic cooperation, with trade reaching 609 million USD in 2016 from only 93 million USD in 2009. Bangladesh exports pharmaceuticals, raw materials for garments and machinery to Vietnam, while Vietnam's major exports to Bangladesh include iron, steel, fibre, textiles, plastics, rubber and electronics.” It went on that … [Read more...] about President Tran Dai Quang’s Bangladesh visit aims for 1 billion USD trade

Hanoi (VNA) – President Tran Dai Quang and his spouse will pay a State visit to Bangladesh from March 4-6 at the invitation of his counterpart Mohammad Abdul Hamid to mark the 45th anniversary of bilateral diplomatic ties (February 11). The visit affirms Vietnam’s consistent external policy of independence, self-reliance, multilateralisation and diversification of international ties, including attaching importance to strengthening relations with Bangladesh. In recent years, the two sides have exchanged delegations, including the Vietnamese National Assembly delegation’s trip to Dhaka to attend the 136th General Assembly of the Inter-Parliamentarian Union in April 2017, Deputy Foreign Minister Dang Dinh Quy’s visit to co-chair the first political consultation between the two foreign ministries in August 2017 and the Vietnam visit by Speaker of the Bangladesh Parliament Shirin Sharmin Chaudhury in July 2017. Bangladesh recently sent high-level delegations to … [Read more...] about President to pay first State visit to Bangladesh

Hanoi(VNA) – The Japan Bank for International Cooperation (JBIC) is considering funding the Block B&52/97 project of the Vietnam Oil and Gas Group (PetrolVietnam) using loans without a government guarantee. General Director of PetrolVietnam Nguyen Vu Truong Son recently worked with JBIC representatives on financial arrangements for the project. According to PetrolVietnam, the project, worth nearly 10 billion USD, is one of the two largest gas projects in Vietnam. The capital arrangement for the project is one of the main concerns of foreign partners involved in the project. The Block B&52/97 project’s oilfield development report was approved by contractors and the State appraisal council, while its environmental impact assessment report was ratified by the Ministry of Natural Resources and Environment. The quantitative risk assessment report was also submitted to the Ministry of Industry and Trade. As scheduled, the contract will be awarded in June 2018, … [Read more...] about Japan bank considers funding PetrolVietnam’s gas project

Our plant here is quite efficient, despite being highly manual. We have the portfolio already, and we are going to leverage the efficiency of the plant and add some automation to bring it up to the technology standards that we have in our other plants. It is going to become a competitive operation before long. … [Read more...] about Ford expands Hai Duong facility