Under the resolution, the country will aim to attract foreign investment in a selective manner, focusing on quality, efficiency, technology and environmental protection. Priority will be given to foreign direct investment (FDI) projects that use advanced technology and modern management with high added value, bringing spillover effects to Vietnamese enterprises, especially small and medium-sized enterprises; and the projects must be able to connect to the global production and supply chain. … [Read more...] about Can Vietnam could take advantage of new foreign investment strategies?
Philippine economic growth
Streamlining regulations applicable to business sectors has a huge potential for triggering these dynamic gains. In many internal studies in the EU, it turned out that the right regulations, based on international standards and practices, will provide benefits to business, and attract international businesses that bring much higher benefits than the obvious gains from the tariff reductions. It is not about deregulating important government policies, but there are many ways to make regulations smarter. Better regulation inside Vietnam will also improve the competiveness of Vietnamese firms operating abroad and expanding to the EU. FDI often follows strong trade relations. In return, more FDI is likely to further increase the trade potential between partners. In its amazing progress to a middle-income country, Vietnam now realises that without further FDI its potential to become a regional hub and become part of global value chains may be limited. With the EVFTA and the EVIPA, … [Read more...] about How the EVFTA and EVIPA will help Vietnam lure investment
Hanoi (VNS/VNA) - The Ministry of Construction has announced a national action plan on green growth in 2020-2030 focusing on reducing greenhouse gas (GHG) emissions and implementing the Paris Agreement. According to Deputy Minister Nguyen Tuong Van, the goal of the plan is to reduce greenhouse gas emissions in construction materials production and develop construction works, urban areas and technical infrastructure for new urban areas that suit the Government's commitment for achieving green growth. The plan also aims to complete institutions and policies to support and encourage businesses to improve technology, enhance production management and construction capacity to reduce emissions and improve the management capacity of the Ministry of Construction on reducing GHG emissions. To accomplish the targets, the ministry has set out four main tasks, including mitigating GHG emissions, adapting to climate change, preparing resources and establishing a transparent and public system of … [Read more...] about Construction industry issues action plan on emissions
Today is a very important day of our region as we are celebrating the founding anniversary of the Association of the Southeast Asian Nations (ASEAN) (August 8, 1967) together. Throughout 53 years of development with its historic missions stated in the Bangkok Declaration 1967 kept in mind, ASEAN has truly become an organisation representing regional countries and uniting them in friendly and cooperative neighbourliness on the basis of mutual respect and understanding to strive for peace, progress and prosperity of people. … [Read more...] about Vietnam aspires to ASEAN unity, effective coordination
With its huge value and potential, the conservation of the ginseng requires a great deal of attention from both authorities and local people. Building a geographical indication for Danh Mountain ginseng is one of the latest endeavours by local authorities to preserve the valuable medicinal herb, contributing to building a brand and improving local socio-economic development.VNA … [Read more...] about Branding Danh Mountain ginseng from Bac Giang