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Vietnam aims to turn technology into growth driver

A national strategy on developing technology firms has been announced at a recent forum organised by the Ministry of Information and Communications (MIC). Below are some notable opinions at the forum.

 

VN may adjust working hours of State agencies

The National Assembly will scrutinize amendments to the Labor Code at the 7th working session this year.

Lac Hong students represent Vietnam at Drivers' World Championship

Energy-efficient car team LH-EST from Lac Hong University will represent Vietnam at the Drivers’ World Championship (DWC) Grand Final 2019 in London in July.

 

Only 5% of Vietnam’s wood exports designed locally

Although Vietnam has reported high growth in wood and wooden product exports in recent years, only 5% of the exported products were designed locally, stated Nguyen Quoc Khanh, chairman of HCMC Handicraft and Wood Industry Association.

 

HCM City aims to accelerate administrative reform

Chairman of Ho Chi Minh City People’s Committee Nguyen Thanh Phong has instructed departments, wards and districts in the city to work harder towards making strong changes in administrative reforms.

 

Vietnam, DPRK urged to further foster judicial cooperation

Vice President Dang Thi Ngoc Thinh has suggested that Vietnam and the Democratic People’s Republic of Korea (DPRK) should tighten and consolidate judicial cooperation in the time ahead.

 

Banks are worried as BOT projects incur losses

Nearly half of the transport BOT projects under the management of the Directorate for Roads of Vietnam (DFRV) report low revenue, with many of them incurring big losses.

Solutions needed to save Duong Dong River and keep Phu Quoc clean

The Duong Dong River, the main water supply for Phu Quoc Island in southern Kien Giang Province, has been reportedly suffered ecological death after being seriously polluted for years, according to Tuổi trẻ (Youth) newspaper.

BUSINESS NEWS 11/5

Work starts on bridge connecting Hai Phong to Thai Binh

Major trends in Hanoi office leasing market in first quarter

A new trend has emerged in Hanoi’s office leasing market in the first three months of 2019 due to the declining supply in the city centre as well as the disadvantages in amenities and price.

US investors keen on Vietnam’s rapid rise

American investors are ramping up their interest in Vietnam in order to mitigate the risks of the ongoing US-China trade dispute, as well as capitalise on one of the fastest-growing economies in the ASEAN bloc.

Removing bottlenecks in nation’s FDI attraction

Vietnam is doing its best to improve its business climate to attract more foreign direct investment.

Japanese environment activist helps raise awareness of sustainable development

Japanese environmental activist Yuji Miyata, former peace messenger for the UN and president of Peace Week Institute, is visiting Vietnam to carry out a number of environmental protection and sustainable development programs.

 

Digital industry to contribute a quarter of Vietnam’s GDP by 2025

A pending project on national digital transition aims for the digital industry to contribute 25 percent of Vietnam’s GDP by 2025 and for the country to be placed fourth among ASEAN member states in terms of national digital ranking.

 

Car rental market in Vietnam is growing

Vietnam’s car rental market has posted fast growth over the past years and would evolve in similar pace in the near future following the higher per capita income.

 

Fitch raises Vietnam’s Outlook from ‘stable’ to ‘positive’

The credit rating agency Fitch Ratings has revised Vietnam’s Outlook from ‘stable’ to ‘positive’ and affirmed Vietnam’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB’, the Vietnam’s Ministry of Finance said.

 

Binh Phuoc reports first outbreak of African swine fever

The first outbreak of African swine fever has been discovered in Tan Phu town, Dong Phu district in the southern province of Binh Phuoc.

Defence ministry supports Vietnam-Japan peacekeeping cooperation: officer

Deputy Chief of the General Staff of the Vietnam People’s Army Sen. Lt. Gen. Pham Ngoc Minh received a senior official from the Bureau of Defence Policy of Japan’s Ministry of Defence in Hanoi on May 9.

 

Vietnam, India work toward two-way trade of $15 billion

Vietnam and India will together make effort to achieve a two-way trade value of 15 billion USD in the coming time as their leaders have agreed to accelerate economics, trade, and investment cooperation.

HCM City aims to accelerate administrative reform

Chairman of Ho Chi Minh City People’s Committee Nguyen Thanh Phong has instructed departments, wards and districts in the city to work harder towards making strong changes in administrative reforms.