Vietnam 

Growing Chinese investment in Việt Nam: time to worry? – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Workers at China’s AKA Homewares Company in the southern Long An Province. VNA/VNS Photo Danh Lam   HÀ NỘI – Chinese companies are accelerating investment in Việt Nam – but some local businesses are voicing concerns.   Foreign investment hit a four-year high of US$16.7 billion in the first five months of this year, up 69 per cent compared to the same period in 2018. Chinese investment made up 42.5 per cent of the total according to data released by the Foreign…

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Vietnam 

Germany helps improve Viet Nam’s SMEs via innovation programme – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Participants at the workshop introducing the Central Innovation Programme for Small- and Medium-sized Enterprises in Berlin. — VNA/VNS Photo BERLIN  The Central Innovation Programme for Small- and Medium-sized Enterprises (SMEs), also known as ZIM, was introduced to Vietnamese and German firms and organisations at a workshop in Berlin on Wednesday. The ZIM programme has been carried out within the framework of a letter of intent on scientific and technological cooperation signed in December 2012 between the Vietnamese Ministry of Science and Technology (MoST) and the German Federal Ministry for Economic…

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Vietnam 

Large FDI inflows to make Việt Nam among APAC’s fastest growing economies – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Stephen Schwartz Positive changes to Việt Nam’s macroeconomy have been recognised by international rating organisations, with the latest sovereign upgrade announced by Fitch Ratings last month. On the sidelines of the “Fitch on Việt Nam” event held in Hà Nội on Tuesday, Stephen Schwartz, head of Fitch Ratings’ Asia-Pacific Sovereigns, talks with Việt Nam News reporter Thu Hà about the impacts of the revision on Việt Nam’s economy and key drivers to help the country sustain its growth momentum. Why did Fitch Ratings decide to…

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Vietnam 

Việt Nam gathers opinions on direct power purchase agreement – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Participants at the Public Consultation Workshop on DPPA Design and Pilot Planning for Việt Nam. — Photo World Bank HÀ NỘI — The Ministry of Industry and Trade (MoIT) and the US Embassy on Wednesday introduced a proposal for a Direct Power Purchase Agreement (DPPA) in Việt Nam. This new policy is expected to allow businesses in Việt Nam to procure electricity directly from private firms producing renewable energy and enable them to power their operations with 100 per cent renewable energy. During the development of this innovative mechanism, the…

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Vietnam 

Fitch sees positive outlook for Việt Nam – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Việt Nam will continue to receive large FDI inflows into the manufacturing sector. zing.vn HÀ NỘI Việt Nam’s long-term issuer default rating (IDR) has been upgraded to positive from stable, thanks to its improving track record of economic management, evidenced by high growth with stable inflation. The comment was made by Stephen Schwartz, head of Fitch Ratings’ Asia-Pacific Sovereigns, on Tuesday. At the ‘Fitch on Việt Nam’ conference held in Hà Nội, Schwartz said the Fitch Ratings’ revision on Việt Nam last month was also driven by strengthening external buffers from…

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Vietnam 

Việt Nam must remove regulatory challenges to encourage wind energy – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Mũi Dinh Wind Energy Plant in the southern central province of Ninh Thuận came into operation in April, 2019. Investors have several challenges to face when joining the field. VNA/VNS Photo Công Thử HÀ NỘI Việt Nam has to cope with regulatory challenges to attract investors and accelerate the development of wind power projects in the long term, experts recommended yesterday at the Việt Nam Wind Power conference hosted by the Global Wind Energy Council (GWEC) in Hà Nội. According to the latest GWEC report entitled South East Asia Market…

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Vietnam 

Việt Nam becomes second largest exporter of lychees – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Việt Nam has become the second largest exporter of lychees, accounting for 19 per cent of the global market share. – Photo nongnghiep.vn HÀ NỘI – Việt Nam has become the second largest exporter of lychees in the world, accounting for 19 per cent of the global market share, according to the International Society for Horticultural Science (ISHS). The world’s largest exporter was Madagascar, accounting for 35 per cent of the global exports despite a low area of plantations, said Sisir Kumar Mitra, an ISHS representative at the sixth international conference on…

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Vietnam 

Việt Nam to shape growth strategy for next decade – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Việt Nam is confronting a rapidly ageing population, tepid productivity and sluggish investment growth which weigh on the country’s medium-term growth potential. — Photo petrotimes.vn HÀ NỘI – Việt Nam would have to push ahead with bold reforms in institutions, human resources, infrastructure and innovation for better quality growth in the next ten years, experts have said. The Government is shaping a socio-economic development strategy for 2021-30 and a development plan for 2021-25. The next ten-year plan will focus on quality growth, targeting fast but green and inclusive development, and building a modern…

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Vietnam 

Policy key to boosting Việt Nam’s digital economy, say experts – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Digital economy is expected to make Việt Nam become more competitive. — Photo vietnamplus.vn HÀ NỘI — The Ministry of Industry and Trade (MoIT)’s key task is to evaluate the building and adjustment of policies to support the development of the digital economy, according to Deputy Minister Cao Quốc Hưng. Along with e-commerce, Hưng told Vietnamplus.vn that the digital economy is both a challenge and opportunity for Việt Nam to resolve major issues in economic development, including the issuance and revision of policies to make Việt Nam more competitive globally. According to a…

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Vietnam 

Việt Nam economy to grow at 6.7%: report – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Việt Nam’s economy is expected to grow by 6.7 per cent this year. – VNA Photo Danh Lam HCM CITY – The Vietnamese economy is expected to grow at around 6.7 per cent this year, the fastest rate in South East Asia, according to the Institute of Chartered Accountants in England and Wales’ recent Economic Insight: South East Asia report. According to the report, Southeast Asian economies except Việt Nam have seen exports drop in the second quarter of this year compared to the same period last year…

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