Dutch sustainable growth coalition

Hai Phong (VNA) – Deputy Prime Minister Trinh Dinh Dung has urged the northern port city of Hai Phong to fully tap its potential and advantages in order to boost socio-economic development, thus creating an impetus for the northern key economic region. During a working session with the municipal authorities in the city on March 2, Deputy PM Dung said the city has several large and sustainable industrial and service projects, which are expected to help Hai Phong achieve high growth. The city needs to continue restructuring its economy in tandem with reviewing and adjusting its planning scheme, with a focus placed on key industrial sectors, such as automobile production, sea tourism, urban infrastructure, economic and industrial zones, seaports and logistic services, he said. Deputy PM Dung also visited the Hai Phong-based VinFast automobile production factory, where he spoke highly of the project investor Vingroup’s resolve to concentrate resources on producing … [Read more...] about Hai Phong urged to fully tap its potential for stronger growth

Hai Phong (VNA) – Localities in the northern key economic region have connected to create value chains to boost the entire region’s development. The northern key economic region comprises Hanoi, Hai Phong city and the provinces of Quang Ninh, Hai Duong, Hung Yen, Bac Ninh and Vinh Phuc. It is Vietnam’s second largest economic region, accounting for 32 percent of the nation’s gross domestic product (GDP) and 32 percent of total export turnover, and contributes 31 percent to the State budget collection. Deputy General Director of the Hanoi Trade Corporation (Hapro) Nguyen Tien Vuong said that Hapro, with rich experience in sustainable business strategy connectivity, is always looking to expand its domestic sources of goods to serve its export and domestic trade activities. The corporation has cooperated with many businesses and units in other localities in the northern key economic region and the Red River Delta region in order to create a system of sources … [Read more...] about Localities in northern key economic region connect for growth

According to pan-Asia consultancy firm Dezan Shira & Associates, once the RCEP takes effect, it “would give Vietnamese enterprises the chance to boost exports, engage in new value chains, and attract further foreign investment. The cutting of import tariffs would open up new opportunities for products from its prominent sectors like telecommunications, ICT, textiles and footwear, and agriculture – all of which are continually growing with rising export turnovers.” … [Read more...] about Historic deal augurs trade renaissance