E commerce

Head of the MoIT’s E-Commerce and Digital Economy Department Dang Hoang Hai. — VNA/VNS Photo Uyen Huong Could you please tell us about the MoIT’s efforts to develop infrastructure for national digital transformation? Politburo Resolution 52 has guidelines and policies to ensure active participation in the Fourth Industrial Revolution and expresses the views and determination of the Communist Party of Vietnam in promoting national digital transformation, with a focus on digital economy development. Regarding the development and construction of infrastructure, the MoIT focuses on major issues like smart manufacturing, smart energy, e-commerce and digital transformation in business. In particular, the E-Commerce and Digital Economy Department is concentrating on building a master plan for e-commerce development in 2021-25, which will be closely linked with strategies and policies on the development of digital economy and national digital … [Read more...] about E-commerce key area of the digital economy, says expert

At the event (Photo: VNA) Hanoi (VNA) – The Vietnam-Russia Interregional Business Forum and the Expo Russia-Vietnam 2019 officially kicked off at the National Exhibition Construction Centre in Hanoi on November 14. Opening the forum, Nguyen Tuan Hai, Director of the International Relations Department under the Vietnam Chamber of Commerce and Industry (VCCI), spoke highly of the Zarubezh-Expo JSC’s close coordination in organizing the events. Hai said the event drew the participation of a large number of businesses from both countries, proving that Vietnam has become an attractive destination for many Russian enterprises. Just two years after the signing of a free trade agreement between Vietnam and the Eurasian Economic Union, Vietnam-Russia trade has seen strong growth, at around 30 percent each year, he said. VNA … [Read more...] about Vietnam, Russia seek stronger economic, trade cooperation

Illustrative image (Photo: VNA)  Hanoi (VNA) – The Vietnam Chamber of Commerce and Industry (VCCI) held a seminar in Hanoi on September 17 to introduce trade and investment opportunities to Bangladeshi firms in Hong Kong (China). Speaking at the event, VCCI Vice President Doan Duy Khuong said two-way trade between Vietnam and Bangladesh soared to 813.5 million USD last year from 14 million USD in 2002. The figure reached 527.8 million USD in the first eight months of this year, he said. Vietnam’s exports to Bangladesh are mostly clinker, cement, steel billets, and mobile phones while imports include garment materials, leather, footwear, pharmaceuticals and sesame. As of April 2019, Bangladesh’s total investment in Vietnam was 1.18 million USD. Meanwhile, Vietnam invested in a project worth 27,900 USD in Bangladesh which is now placed at 68th out of 72 countries and territories invested by Vietnamese companies. Bangladeshi Ambassador to Vietnam Samina … [Read more...] about Vietnamese, Bangladeshi firms seek cooperation opportunities

US Ambassador to Vietnam Daniel J. Kritenbrink said that issuing energy policies and relevant decisions is not always easy for many countries. Like the US and some other nations, Vietnam needs to make some important and difficult decisions in the energy sector. At the seminar He added Vietnam’s investment choices will affect its energy security, environmental quality, and capability of sustaining growth. Therefore, the readiness of the business community and the US Government to assist the Southeast Asian nation will help them to achieve sustainable development. The US Government will promote bilateral cooperation within the framework of the Asia Enhancing Development and Growth through Energy (EDGE) initiative, through which it will provide both financial and specialised aid. The US Trade and Development Agency (USTDA) has assisted Vietnam with millions of US dollars to implement feasibility studies on wind power, solar power, and smart power grids. … [Read more...] about Vietnam US bolster ties in gas power LNG infrastructure development

Talking to Treasury Secretary Steven Mnuchin, Deputy PM and Foreign Minister Minh affirmed that Vietnam has been improving its investment climate, and it encourages US companies to invest and do business in the country. He also proposed that the two sides continue handling issues of shared concern in the spirit of promoting win-win trade. Secretary Mnuchin agreed to keep fostering economic, trade and investment ties, considering these as a foundation for the two countries’ relations. He also appreciated Vietnam’s active sharing of information and settlement of some priority economic-financial issues. At another meeting, the Vietnamese official and Commerce Secretary Wilbur Ross reviewed the progress in bilateral economic-trade links. Deputy Prime Minister and Foreign Minister Pham Binh Minh (R) meets with US Commerce Secretary Wilbur Ross in Washington DC on May 23 To support the upward trend of these partnerships, they agreed to continue optimizing … [Read more...] about Vietnam, US to augment ties in economy-trade- investment, defense