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Update news vietnam economy
Canada had become a promising market for Vietnamese goods following the signing of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), heard a workshop in Ha Noi on Thursday.
FDI in VN witnessed a significant yearly increase of 81 per cent to US$14.59 billion in the first four months of the year, the Foreign Investment Agency under Ministry of Planning and Investment announced on Wednesday.
Vietnam’s initiative to build a circular economy, aimed at tackling pollution and achieving more sustainable development by reusing and recycling defunct products, has attracted the participation of several foreign businesses.
Vietnam represents an attractive venture for investing in technology companies and aspirational startups, but there is work to be done to create a more efficient legal framework to unlock the country’s true potential.
China was the largest source of greenfield Investment in Vietnam in Q1/2019 with US$732.2 million, accounting for 18.9% of the total.
Japan-based Taisho Pharmaceutical has lifted its holding in Vietnam’s Duoc Hau Giang (DHG) Pharmaceutical to over 50% and turns the latter into one of its subsidiaries, Taisho has said in a filling to the HCMC Stock Exchange.
Several commercial banks in Vietnam have reported big profits in the first quarter of this year.
Domestic cashew processing enterprises have been facing difficulties due to a new regulation that requires additional checks on raw materials imported from African ports.
International corporations are getting more engaged in promoting local sourcing in Vietnam by investing in and sharing expertise with domestic suppliers, thus bringing hopes for the country to further access the global supply chain.
Local e-commerce players continue to show strong progress in first quarter, according to iPrice's latest report.
The main purposes of attracting FDI into the mining sector are to increase deep exploration with high technology, linking local businesses into supply chains, and increase the government’s budgetary revenue.
Prime Minister Nguyen Xuan Phuc met with General Secretary of the Communist Party of China and President of China Xi Jinping in Beijing on April 25.
With the latest approval to list on the HCMC Stock Exchange, potential investors are approaching new opportunities to acquire a large amount of state-held stake in Vietnam Airlines.
Foreign investors pour in $14.59 bn in first four months of the year, the Ministry of Planning and Investment reports.
The dong will average VNĐ23,440 per dollar over 2019, which represents a 1.8 per cent depreciation from the average of 2018.
The Ministry of Transport has given the green light to the implementation of GrabTaxi services in three provinces, including Thanh Hoa, An Giang and Dak Nong.
The domestic industrial real estate market has been forecast to develop strongly and become an attractive segment for investors this year and beyond.
The Republic of Korea’s LG Electronics plans to move its smart phone production to Vietnam to cut down losses for mobile devices business since the second quarter of 2017, Yonhap News Agency reported April 24.
There are over 40 enterprises involved in automobile assembly and production in Vietnam, with designed capacity of producing and assembling about 800,000 vehicles a year, but they are producing below the designed capacity.