Viet Nam was one of the fastest growing economies in the world and had been recognised as the new economic tiger of Asia. The statement was made by Secretary General of Boao Forum for Asia (BFA) Li Baodong at a forum on Viet Nam-China economic promotion held in Ha Noi on Thursday. It was the first time the BFA has been organised in Viet Nam and acted as the first step for the BFA to promote economic and trade co-operation between Viet Nam and China. Baodong confirmed that Viet Nam was a significant economy with political stability, infrastructure and a business environment that were improving and attracting international investors. According to Deputy Minister of Foreign Affairs Le Hoai Trung, co-operation on economics, trade and investment continued to be the highlight of their relations. In the first 11 months of this year, bilateral trade turnover between Viet Nam and China reached over US$97 billion, a year-on-year increase of 16.5 per cent. Chinese tourists to Viet Nam hit more … [Read more...] about VN, China to boost trade co-operation
Xinjiang tianye foreign trade co ltd
Hong Kong accommodates many leading financial organisations of the world (Photo: telegraph.co.uk) Hong Kong (VNA) – The Vietnam Finance Company Limited (VFC) in China’s Hong Kong, the first overseas financial institution of Vietnam, marked its 40th founding anniversary on October 26. VFC Director Nguyen Ngoc Ban said the firm was established in 1978, when Vietnam had just begun post-war reconstruction and economic development efforts. At that time, the payment in US dollar between Vietnam and other countries was particularly difficult as Vietnam hadn’t had many relations with international banks and the US imposed embargos on the country. Therefore, the VFC acted as a financial intermediary between Vietnam and the world when it supported the country’s export, import and other external economic activities. It was also a channel for mobilising capital in foreign currencies, transferring remittances, and providing credit and funding activities serving reforms … [Read more...] about Vietnam Finance Co. Ltd in Hong Kong marks 40th anniversary
Deputy Prime Minister Vuong Dinh Hue, right, receives Bulgarian Minister of Economy Emil Karanikolov in Ha Noi. — VNA/VNS Photo Viet Nam and Bulgaria should promote co-operation in trade and investment, especially in hi-tech agriculture, enabling Vietnamese products to access the Bulgarian market, said Deputy Prime Minister Vuong Dinh Hue in Ha Noi on Tuesday. Speaking at a meeting with Bulgarian Minister of Economy Emil Karanikolov, who is on a working visit to Viet Nam from Monday to Friday, Hue said the two countries’ trade co-operation was developing but two-way trade had only reached about US$100 million a year. Hue also asked Bulgaria to support the implementation of the EU-Vietnam Free Trade Agreement (EVFTA) and organise the 24th session of the Viet Nam-Bulgaria Inter-Government Committee on Economic and Scientific-Technical Cooperation, working on specific measures on trade and industry policies in order to boost economic co-operation in the future. Minister Emil … [Read more...] about VN and Bulgaria to boost trade co-operation
(VEN) - In mid-April 2018, Binh Son Refining and Petrochemical Company Limited (BSR Co., Ltd) was again honored at the 14th National Technical Innovation Contest as it owned one of four innovative solutions of the petroleum and gas industy awarded this time. Competing with 536 other solutions nationwide, the solution themed "Improving reliability and optimizing operation of depressurization stations in Dung Quat Oil Refinery" by author Nguyen Ngoc Thanh and his colleagues from BSR won the third prize. In previous competitions, BSR also often had solutions to win prizes. During 10 years of operation of Dung Quat oil refinery, BSR showed its capability to master science and technology and promoted initiatives and creativity in production. So far, BSR has had more than 163 initiatives, benefiting the State US$138 million. The company has implemented 33 scientific research projects, most of those have been applied in production and business activities, bringing high … [Read more...] about BSR Co., Ltd: Sustainable growth based on technology and creativity
JGC Corporation has announced that its overseas affiliated company JGC Vietnam Co. Ltd. had been awarded a contract for the construction of a mega-solar power generation project planned in Krong Pa District, Gia Lai Province, Vietnam, by Gia Lai Electricity Joint Stock Company, a subsidiary of TTC Group. The lump sum turnkey contract covers the engineering, procurement, construction and commissioning (EPCC) work for the mega-solar power generation plant with delivery in autumn 2018. The plant is planned to have a capacity of 49MW (AC), making it among the largest such facilities in Vietnam. Gia Lai Electricity Joint Stock Company is a member of TTC Group. TTC is a multi-industry corporation with nearly 40 years of operation, consisting of four corporations, one segment, and over 150 subsidiaries and joint companies. It has investments in several industries including real estate, energy, agriculture, education and hospitality. The TTC Energy segment, with its main unit being Gia Lai … [Read more...] about TTC energy segment inks EPCC contract with JGC Vietnam Co. Ltd.