EVFTA opens new era in Vietnam-EU trade ties: Italian experts The factory of the Far Eastern New Apparel Vietnam company in Bac Dong Phu Industrial Park, Binh Phuoc province The EU-Vietnam Free Trade Agreement (EVFTA) is hoped to usher in a new period in promoting cooperation and mutual economic development between the two sides as it comes into effect in mid-2019, according to Italian experts. In a recent interview granted to Vietnam News Agency’s correspondent in Italy, Vietnam’s Honorary Consul in Turin Sandra Scagliotti and Chairman of the Italy-Vietnam Chamber of Commerce Fulvio Albano stressed that the new-generation agreement may mark the beginning of a new era in trade relations between Vietnam and the EU. Negotiations and the legal review have been completed for both the free trade agreement and the one on investment protection. The EVFTA process is now awaiting the Council of Europe and the European Parliament to sign and ratify it. The agreement … [Read more...] about BUSINESS NEWS IN BRIEF 22/1
Indian renewable energy development agency
Vietnam, India strengthen businesses’ connectivity
Deputy PM Trinh Dinh Dung addresses the forum. Photo: VGP The forum was within the framework of Indian President Ram Nath Kovind’s State-visit to Vietnam from November 18 to 20 at the invitation of his Vietnamese counterpart Nguyen Phu Trong. Attending the event were the Indian President, Vietnamese Deputy Prime Minister Trinh Dinh Dung, representatives from Vietnamese ministries, central- and local- agencies, and representatives of a number of Vietnamese and Indian businesses. In his speech, Deputy PM Trinh Dinh Dung stressed that this important forum opened up opportunities for the two countries’ business communities to review their cooperation outcomes over the past 46 years, share visions, and seek new cooperation opportunities, contributing to deepening the Vietnam-India comprehensive strategic partnership. The Vietnamese senior official added that to meet the target of raising the two-way trade turnover to USD 15 billion in the time to come, the two sides … [Read more...] about Vietnam, India strengthen businesses’ connectivity
Vietnam, India aim for US$15 billion bilateral trade volume by 2020
The two-way trade revenue between Vietnam and India is on course to increase and is expected to hit US$15 billion by 2020, heard the Vietnam India Business Forum, held in Hanoi, on November 19. Vietnamese and Indian speakers at the forum Entitled "Building stronger ties for economic integration", the forum witnessed the participation of Indian President Ram Nath Kovind, Vietnamese Deputy Prime Minister Trinh Dinh Dung, and hundreds of Indian and Vietnamese enterprises. The event held four sectorial sessions, including "Agri, Agro-processing, agro chemicals, food and food processing and food products", “Healthcare and Pharmaceuticals”, “Power, Energy, Renewable Energy, Oil & Gas, Infrastructure" and “Service – Information Technology, Communications, Education, Aviation and Tourism”. Nguyen Quoc Toan, Acting Director General of Agro Processing and Market Development Department, under the Ministry of Agriculture and Rural Development, … [Read more...] about Vietnam, India aim for US$15 billion bilateral trade volume by 2020
BUSINESS NEWS IN BRIEF 1/11
The upcoming Vietnam Digital Economy Forum (VDEF) 2018 will include special sessions which focus on Vietnam’s digital economic perspectives, featuring local and international keynote speakers. The VDEF 2018, whose theme is “Challenges and strategic solutions for small- and medium-sized enterprises (SMEs) in the Fourth Industrial Revolution,” will take place on Thursday, November 1, at the Rex Hotel in District 1, HCMC. The forum is co-sponsored by the Association of Vietnam Scientists and Experts, and Quang Trung Software City, as well as by the HCMC People’s Committee. Some 20 policy makers and leading experts at home and abroad from the digital economy industry, together with 500 guests from ministries, organizations and enterprises, are expected to join this event. The Fourth Industrial Revolution has been impacting the structures that make up the foundations of the global economy and society. Every day, millions of people benefit from innovative products and … [Read more...] about BUSINESS NEWS IN BRIEF 1/11
BUSINESS NEWS IN BRIEF 13/10
Helicopter Corporation to sell 20.3 million shares of MBLand Holdings The Vietnam Helicopter Corporation (VNH) will auction 20.3 million of its shares in property developer MBLand Holdings with the beginning price of 12,366 each on October 26. According to the Ha Noi Stock Exchange, VNH holds a 31 per cent stake in MBLand Holdings. VNH is expected to collect a minimum VND251 billion from the sale. MBLand, formerly known as MB Real Estate JSC, was established on January 25, 2008 by two major shareholders, Military Commercial Joint Stock Bank (code: MBB) and VNH. After nine years of establishment and development, MBLand Holdings now has an ownership capital of VND800 billion, total assets worth VND2 trillion and charter capital of VND653.7 billion. MBLand Holdings has 18 shareholders, including 12 organisations and six individuals. The main shareholder of MBLand Holdings is MB Bank with the ownership ratio of over 65 per cent, or nearly 42.7 million shares. In early … [Read more...] about BUSINESS NEWS IN BRIEF 13/10