Ministry of planning and investment mpi

Passengers board a train leaving a station in the northern city of Vinh. The VNR reported a pre-tax profit of VNĐ143.9 billion in the first eight months of 2023, an increase of 193.7 per cent compared to the same period last year. — VNA/VNS Photo There has been progress made with business management and operation of state-owned enterprises (SOEs) during the first eight months of 2023, according to the latest report by the Ministry of Planning and Investment (MPI). The report estimated the SOEs' total revenue at VNĐ1,136.621 trillion (US$46.73 billion) or 71 per cent of the annual target, and 102 per cent compared to the same period last year. The Vietnam Oil and Gas Group - PVN led the pack at VNĐ350.5 trillion, 84.7 per cent of the annual target and 94.4 per cent compared to the same period last year; Vietnam Electricity (EVN) at VNĐ250 trillion, 109 per cent compared to the same period last year; Vietnam National Petroleum Group (Petrolimex) at VNĐ169 trillion, 88.9 per cent … [Read more...] about SOEs management and operation show signs of improvement: MPI

Coffee capsule production line of Nestlé Việt Nam. — VNA/VNS Photo Foreign investment capital into Việt Nam continues its increasing trend, with US$20.21 billion in nine months, a year-on-year growth of 7.7 per cent. Disbursed capital also reached more than $15.9 billion, an increase of 2.2 per cent. Data from the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment (MPI) showed that the total newly-registered foreign investment capital, adjusted and contributed capital to buy shares, and buy contributed capital of foreign investors reached approximately $20.21 billion as of 20 September this year, up 7.7 per cent year-on-year. Of these, 2,254 new projects were granted investment registration certificates, with more than $10.23 billion, an increase of 66.3 per cent in the number of projects and 43.6 per cent in capital compared to the same period last year. Additionally, 934 projects registered to adjust investment capital, with a total additional … [Read more...] about More than $20 billion of foreign investment capital registered in Việt Nam in 9 months

ASEAN is in the process of upgrading agreements for long-term opportunities, photo Le Toan Since last week, Vietnam’s Ministry of Industry and Trade (MoIT) has been rolling up its sleeves to work with its peers in ASEAN on schemes to review tariff policies and investment attraction policies as part of the bloc’s efforts to woo more funding and facilitate intra-bloc trade. “We are now revising regulations and policies on high technology for projects as part of commitments by ASEAN leaders at the recent ASEAN Summit,” an expert from the MoIT’s Department of Science and Technology told VIR. “Any improper regulations will be removed in order to make Vietnam a more attractive destination for foreign direct investment (FDI) and an important link in the region’s supply chains.” The MoIT, the Ministry of Planning and Investment (MPI), and the Ministry of Finance have been assigned to jointly work on incentives for FDI with ASEAN member states, especially given the global minimum tax … [Read more...] about An upgraded ASEAN bloc within reach

During last week’s working trip by Prime Minister Pham Minh Chinh to the United States, the National Innovation Centre (NIC) under the Ministry of Planning and Investment (MPI) signed agreements with US partners to maximise the potential of Vietnam’s semiconductor industry. NIC propels ahead with semiconductor agreements, illustration photo/ Source: freepik.com In recent times, Vietnam has been focusing on developing human resources, building preferential policies, and crafting incentives for digital economic development, renewable energy, semiconductors, high-tech parks, and innovation and financial centres. Of these, Synopsys, a Californian semiconductor design software and security group, will provide training licences which include curriculum, educational resources, and other initiatives to the NIC to help set up its chip design incubation centre. Robert Li, Synopsys sales vice president for Taiwan and South Asia, said, “The successful development of the … [Read more...] about NIC propels ahead with semiconductor agreements

At the government press conference. (Photo: VNA) Hanoi (VNA) – Deputy Minister of Planning and Investment (MPI) Tran Quoc Phuong stressed human resources development in the semiconductor industry while speaking at a government press conference in Hanoi on September 30. “This is a new industry in Vietnam that needs thorough preparations to develop effectively,” the official noted. According to the Deputy Minister, the Prime Minister has assigned the MPI to quickly outline a project on human resources development in service of the sector by 2030. The ministry has proposed three pillars in this regard, covering higher education, the training of engineers and workers, and the attraction of talents, Phuong said, adding that the MPI will closely coordinate with other ministries, agencies, localities, businesses and scientists to complete the project as scheduled. Regarding public investment, he said both domestic and foreign experts considered it an important engine for the … [Read more...] about Semiconductor industry needs thorough preparations: official

Print has been the mainstay, but times change and so must the press. Photo: Le Toan Since taking a role as an economic counsellor at the Indonesian Embassy to Vietnam a few years ago, Ance Maylany Napitupulu has considered the local media a reliable source of information for her work. “I’m quite impressed by what Vietnam Investment Review has been doing in conveying information via in-depth stories on both online and print newspapers, and especially in organising events,” Napitupulu said. Napitupulu attended VIR ’s conference themed “Stronger Investment Partnerships for a Thriving Vietnam” in May, where she had an opportunity to establish relations with experts. This was the second time that Napitupulu had participated in such large-scale events led by VIR , which she said is becoming a professional event organiser besides its well-established expertise in the Vietnamese press. “I hope to have another opportunity to attend VIR events as they will provide me with new … [Read more...] about Evolving demands and trends dictate VIR‘s future

Solutions required for competitiveness conundrum National Assembly (NA) Chairman Vuong Dinh Hue last week warned that the Vietnamese economy’s competitiveness is on the decline, with a number of growth impetuses waning. “The economic growth rate in the first half of this year hit only 3.72 per cent on-year, making it very hard to reach the desired goal of 6.5 per cent this year. This would also mean our growth target for the 2021-2025 will be affected,” Hue said at last week’s Vietnam Socioeconomic Forum 2023 in Hanoi. The NA earlier set a target that the economy will grow 6.5-7 per cent a year for 2021-2025. “In the first eight months of this year, industrial production and construction have failed to become a key driving force for economic growth. This is risky for the economy as it is now changing towards a new growth model in which industrial production is considered an important pillar,” Hue said. According to the General Statistics Office (GSO), Vietnam’s eight-month … [Read more...] about Solutions required for competitiveness conundrum

Simon Milner, Vice President of Public Policy in Asia and Pacific at Meta, says the company is proud to be a strategic partner with the Ministry of Planning and Investment in the innovation programme. (Photo: VietnamPlus) Hanoi (VNA) – The Vietnam Innovation Award 2023 was held in Hanoi on September 8, honouring 12 outstanding innovative solutions across various categories, driving the digital transformation of businesses. solutions catered to three key target groups: large corporations, innovative SMEs and startups, demonstrating a sustainable and problem-solving approach. The Digital Leap Award went to VNPT HKD – a digital business household ecosystem developed by the VNPT Information Technology Company, while CIVAMS – a facial recognition solution developed by CMC Institute of Science and Technology (CIST) – obtained the Future Evolution Award. These initiatives will receive further assistance from the organisers and be widely implemented at localities and … [Read more...] about 12 solutions honoured for driving digital transformation in business

​The Hòa Lạc high-tech park in Hà Nội from above. — VNA/VNS Photo Việt Nam is in a prime position to develop a robust semiconductor industry, heard participants at the Vietnam Business Summit 2023 on Friday in Hà Nội. "With a stable political system and favourable geographical location, Việt Nam has enough capacity to develop a strong semiconductor industry," said Minister of Planning and Investment Nguyễn Chí Dũng. He said the Vietnamese Government is particularly interested in promoting investment cooperation and the development of the semiconductor industry. The Government has tasked the Ministry of Planning and Investment (MPI) and the Ministry of Information and Communications (MIC), among other governmental agencies, to develop an action plan and strategies to develop the semiconductor industry, with key objectives including building a workforce of 50,000 engineers for this industry by 2030. Major infrastructure projects such as the National Innovation Center (NIC) and … [Read more...] about VN aims to develop a robust semiconductor industry