PM Nguyen Xuan Phuc speaks at the Vietnam EU-Belgium Business Forum. (Photo: VNA) Brussels (VNA) – The Vietnamese Government is making concerted efforts to improve business climate for both domestic and foreign enterprises, including those from the Europe, Prime Minister Nguyen Xuan Phuc said on October 17. Attending the Vietnam EU-Belgium Business Forum jointly held by the Vietnam Chamber of Commerce and Industry (VCCI), Belgian Vietnamese Alliance, embassies and trade offices of Vietnam and Belgium, PM Phuc said that the Government pledges favourable conditions to connect enterprises from both sides for the benefits of the firms and the people. Two-way trade has increased tenfolds in nearly a decade, he noted, adding that it is likely to rise to 53 billion USD this year. Laying stress on the Europe-Vietnam free trade agreement (EVFTA) which is expected to open the door for the enterprises to capitalize on their cooperation potential when it takes effect, PM Phuc … [Read more...] about Vietnam facilitates investment from EU, Belgium: Prime Minister
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UAE businesses encouraged to expand investment in Vietnam
The Deputy PM made the statement during a reception on October 17 for Naser Al Hajri, Senior Vice President in charge of Southeast Asia operations at Mubadala Petroleum, a UAE oil and gas company with a primary geographical focus on the Middle East and Southeast Asia. Deputy PM Dung stated that the Vietnam-UAE relationship is developing well and the two sides have become important partners in the pillars of economic, trade and investment cooperation. The UAE currently has a multitude of investment projects in Vietnam while many Vietnamese are living and working in the UAE, making important contributions to the country’s socio-economic development. Praising Mubadala Petroleum’s current performance, Deputy PM Dung asked the company to continue expanding their business in renewable energy, in addition to oil. For his part, Naser Al Hajri said he expected further and closer cooperation with domestic and foreign partners in order to expand the company’s oil extraction … [Read more...] about UAE businesses encouraged to expand investment in Vietnam
Gov’t facilitates UAE investors’ investment expansion in VN
Deputy PM Trinh Dinh Dung receives the Mubadala Petroleum (MP)'s Senior Vice President at Southeast Asia Naser Al Hajri on October 17 in Ha Noi - Photo: VGP/Nhat Bac Deputy PM Trinh Dinh Dung made that statement at his reception for the MP’s Senior Vice President at Southeast Asia Naser Al Hajri on October 17 in Ha Noi. At the meeting, the Deputy PM highly spoke of the fruitful development in Viet Nam-UAE relations in such pillars of economics, trade and investment. Welcoming and appraising the MP’s achievements and investment initiatives in Viet Nam in the time ahead, Mr. Dung suggested the corporation continue expanding investment in other oil and gas fields and renewable energy in form of new investment modes or cooperation with foreign and domestic firms operating in Viet Nam. For his side, Mr. Naser Al Hajri expressed his concerns … [Read more...] about Gov’t facilitates UAE investors’ investment expansion in VN
UAE firms encouraged to expand investment in Vietnam
Deputy Prime Minister Trinh Dinh Dung (right) and Naser Al Hajri, Mubadala Petroleum’s Senior Vice President for Operations in Southeast Asia. (Photo: VNA) Hanoi (VNA) – The Vietnamese Government will create favourable conditions for Mubadala Petroleum and other enterprises of the United Arab Emirates (UAE) to invest and expand business in Vietnam, said Deputy Prime Minister Trinh Dinh Dung. Dung made the pledge at a reception in Hanoi on October 17 for Naser Al Hajri, Mubadala Petroleum’s Senior Vice President for Operations in Southeast Asia, during which he applauded the company’s achievements as well as its future investment initiatives in Vietnam. The Deputy PM suggested Mubadala Petroleum expand its investment in other oil and gas blocks, and other areas such as renewable energy by launching new projects or cooperating with domestic and foreign firms in Vietnam. Highlighting the fruitful relationship between Vietnam and the UAE, Dung said the two … [Read more...] about UAE firms encouraged to expand investment in Vietnam
Ba Ria-Vung Tau promotes investment in RoK, Japan
Mr Long said that while in the RoK the delegation will work with the Vietnamese Embassy, the Korea Trade-Investment Promotion Agency (KOTRA), and Pohang city authorities, hold an investment promotion seminar in Seoul and tour of some Korean businesses. Meanwhile in Japan, they will work with the Japan International Cooperation Agency (JICA) and Mitshubisi Heavy Industry in Tokyo, and visit the medical waste treatment plant of Kyoei Company and a smart cities model of Osaka Gas Company in Osaka City. The visits aim to call on the two countries’ businesses to pour investments into all fields in Ba Ria-Vung Tau province, especially industries (wind, solar and renewable energy, petrochemical products, PVC plastics and metal materials), port logistics, seaports (Cai Mep Ha logistics centre, Phu My town, and a logistics centre in Cai Mep Ha Industrial Zone) and tourism, said Mr Long. It will provide a good chance to boost exchange and cooperative and friendly ties between Vietnam, … [Read more...] about Ba Ria-Vung Tau promotes investment in RoK, Japan