Ministry of industry and trade

Vietnam, for example, has a bilateral FTA with South Korea and now has a multilateral FTA with the country through RCEP. Vietnam still incurs a deficit in trade relations with South Korea, but it is undeniable that the agreements help connect the two economies, increase foreign investment attraction capability, and bring benefits to people and businesses of the two countries. … [Read more...] about RCEP will not make the trade deficit with China worse: MOIT

However, due to concerns of overload to the national grid, Hatton, at a Wednesday meeting with Prime Minister Nguyen Xuan Phuc and U.K. Minister of State for Trade Policy Greg Hands, proposed the government gives Enterprize Energy licenses to develop transmission lines to handle future output. … [Read more...] about UK firm plans to operate mega wind power project by 2025

Moreover, with the EVFTA, Vietnam stands in front of the substantial inflow of the EU’s quality foreign investments, products, and services. European technology spillover and know-how transfer would together promote the development of the local private sector, thus making the Vietnamese economy more competitive and innovative. … [Read more...] about Reaping the benefits of EVFTA for developing Vietnam: Where Bosch stands in the process

Vu Ba Phu, director general of the Vietnam Trade Promotion Agency under the Ministry of Industry and Trade Compared to other promotional programmes, what are the unique features of the Vietnam Value Programme? Though there are many similar programmes held to recognise businesses’ contribution to the community and the development of the country, the Vietnam Value Programme is unique as it is the only long-term business promotion scheme by the government, held every two years. The programme was approved by the prime minister and assigned to the Ministry of Industry and Trade (MoIT) which is responsible for coordination with ministries and branches. … [Read more...] about Competition aided with national brand initiative

The deputy minister added, at the same time, the MPI is also completing the drafting a new strategy on attracting foreign direct investment with the aim of prioritising the attraction of high-tech projects and those backed by advanced and clean technologies, with modern governance, and likely to yield high added values, create spillover effects, ensure technology transfer, and committing to assisting Vietnamese enterprises in joining the production chains while also offering human resources training. The government has also set up a working group dedicated to promoting FDI inflows and calling for multinational corporations and giants to grasp investment opportunities in Vietnam in the new normal. … [Read more...] about A constellation of benevolent factors for M&A activity