On the sidelines of the DPRK-USA Hanoi Summit on Wednesday, three Vietnamese airlines signed deals with US firms worth more than US$21 billion. They purchased 110 Boeing aircrafts and inked long-term service maintenance and aviation technology agreements. Viet Nam News reporters spoke with economic experts and investors about the future of bilateral trade relations between Viet Nam and the US. Adam Sitkoff, Managing Director of the American Chamber of Commerce (Amcham) in Ha Noi. — Photo courtesy of Amcham Adam Sitkoff, Managing Director of the American Chamber of Commerce (AmCham) in Ha Noi. This year, AmCham celebrates 25 years of working in partnership with our many friends in the Government to help improve business conditions that strengthen the private sector and promote economic and social development here. AmCham members have had a transformative role in the development of Viet Nam. From managerial practices and technologies to service standards and business ethics, the … [Read more...] about Big potential for bilateral trade between Việt Nam and the US: experts
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The move aims to affirm the bank’s prestige and position in the international community, while paving the way for the bank to gain a place among the world’s top 300 banking and financial groups. Vietcombank’s representative office in New York will perform the functions of connecting with existing and potential customers in the U.S. market; carrying out analysis reports on the market and finance-banking sector; supporting the maintenance of relations with U.S. financial institutions; and attending business conferences and seminars to establish relationships. The event marks a significant strategic step for Vietcombank, and it will be the first time a Vietnamese commercial bank has ever been licensed to set up a representative office in the US, one of the world’s leading countries regarding its transparent and complete legal framework, and close management and supervision mechanism. The event highlights the position, brand and influence of the Vietnamese … [Read more...] about Vietcombank receives permit to open representative office in the U.S.
The Hanoitimes - Economic, trade and investment cooperation has become the cornerstone of the US-Vietnam relationship. After more than 20 years since the normalization of relations, the US has become one of Vietnam`s largest trading partners. Vietnam always highly values and attaches great importance to the US enterprises’ investment and business projects, stated Deputy Prime Minister Trinh Dinh Dung at the 2018 US-Vietnam Business Summit in Hanoi on September 10. Deputy PM Trinh Dinh Dung made speech at the summit Dung stressed that the Vietnamese government is calling for US investment in projects in the fields of renewable energy, petroleum, infrastructure, finance and banking, education and training, tourism, agriculture, and high technology. The Deputy PM said that in recent years, the Vietnam - US relations have made strides with many historical events, such as the establishment of the comprehensive partnership in 2013, the first official visit to the US by … [Read more...] about Vietnam considers the US “a partner of top importance”, says DPM
The Hanoitimes - The government’s plans to improve the quality of FDI inflows have brought initial results with more foreign investors targeting to set up high-tech projects in the country. During a recent working session with authorities of southern Binh Duong province, Executive Managing Officer of Sharp Corporation Yoshihiro Hashimoto mentioned a plan to build a factory worth nearly US$2 billion to manufacture high-tech camera modules and smart phone screens in the province. Hoa Lac Hi-Tech Park sets to lure some US$1 billion of investment capital in 2018 In the first stage, Sharp plans to spend roughly US$300 million, about US$200 million of which will be for machinery and equipment. The location of the plant is under discussion. Le Hoai Quoc, head of the Saigon High-Tech Park (SHTP) management board, said many Japanese-invested projects will be licensed in the near future, notably a US$250 million investment in a complex featuring a high-tech hospital and a … [Read more...] about Foreign investors gear capital to high-tech industries in Vietnam
A corner of Quang Ninh (Source: VNA) Quang Ninh (VNA) – The northeastern province of Quang Ninh is sparing no efforts to maintain its top position in the provincial competitiveness index (PCI), said Chairman of the provincial People’s Committee Nguyen Duc Long. Last year, Quang Ninh, for the first time ever, became the most competitive province in the country, topping Vietnam’s PCI 2017, with 70.7 out of 100 points. Long asked provincial departments, sectors, and localities to avoid idleness just because of the results achieved, and instead continue with reforms. He urged that they stay vigilant, finding innovative solutions to achieve the targets set by the Government’s resolution on continuing the implementation of main tasks and measures to improve the business environment and the provincial People’s Committee’s plan issued on April 17. Related agencies and Vice Chairpersons of the provincial People’s Committee should find … [Read more...] about Quang Ninh strives to remain top position in PCI ranking