Permanent gov’t members discuss socio-economic performance Prime Minister Nguyen Xuan Phuc at the event Prime Minister Nguyen Xuan Phuc chaired a meeting of permanent government members in Hanoi on August 28 to discuss the recent socio-economic performance, State budget, and public investment. Participants listened to a 2018 report on socio-economic performance and State budget, as well as a socio-economic development plan and State budget estimate for 2019. In light of the past achievements, all 12 targets for 2018 are expected to be met. They gave opinions on the mid-term report on socio-economic development and State budget, a public investment plan for 2016-2020, and the national finance-budget plan for 2019-2021. Concluding the meeting, the PM asked the Ministry of Planning and Investment, the Ministry of Finance, and the Government Office to acquire suggestions and refine reports to submit to the government at the upcoming monthly meeting. He … [Read more...] about Government News 29/8
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Government News 28/8
New Zealand Trade Ministry promotes partnerships with VN New Zealand’s Minister of State for Trade and Export Growth, Damien O’Connor, takes a photo with girls staying at the Bà Chiểu Shelter in HCM City. at the Bà Chiểu Girls Shelter in HCM City as part of his visit to Việt Nam from August 27-29. During his trip, O’Connor will further political links with Vietnamese representatives in HCM City, and then travel to Hà Nội to meet with his counterparts. At the Bà Chiểu Shelter, O’Connor said that it was his first time to Việt Nam. “We have a number of Vietnamese students in New Zealand, studying at universities and involved in other training such as how to fly aircraft,” he said. He told the girls living in the shelter that they were welcome to study in New Zealand. He announced that the New Zealand Head of Mission Fund worth NZD$25,000 (US$20,000) would be presented to the shelter to … [Read more...] about Government News 28/8
BUSINESS NEWS IN BRIEF 28/8
Conference seeks ways for investment promotion in Quang Binh An investment promotion conference in the central province of Quang Binh was convened on August 28, focusing on presentations of the province’s potential and investment opportunities. Present at the conference were Prime Minister Nguyen Xuan Phuc and more than 800 delegates from among the leaders of ministries and departments, along with representatives of embassies, Lao provinces, commercial banks, associations, international organizations and businesses. Participating domestic and foreign organizations and businesses, through the conference, discussed investment and trade opportunities with local authorities. The event is expected to serve as a platform for the handing over of investment registration certificates and cooperation deals to 66 projects with a combined registered capital of US$7.34 billion. Earlier, the provincial People’s Committee held a series of sideline activities, including investment … [Read more...] about BUSINESS NEWS IN BRIEF 28/8
BUSINESS NEWS IN BRIEF 27/8
Bac Ninh industrial parks play significant role in local economy Industrial parks of the northern province of Bac Ninh have made up 70 percent of industrial production value, over 90 percent of exports and 51.7 percent of budget collection of the locality. The figures were given at a conference on August 24 to review 20 years of forming and developing local industrial parks. According to Chairman of the provincial People’s Committee Nguyen Tu Quynh, the introduction of the Management Board of Bac Ninh Industrial Parks 20 years ago is a breakthrough step showing the vision and mindset of provincial leaders in mobilising resources, investment to boost industry’s growth. After two decades, the industrial parks have become an important part of the local economy, promoting the economic structure transform, while improving the province’s capacity in production and technology transfer, enhancing production efficiency and engaging deeper into the global production chain. … [Read more...] about BUSINESS NEWS IN BRIEF 27/8
BUSINESS NEWS IN BRIEF 26/8
SCB signs deal with three Hong Kong banks Saigon Joint Stock Commercial Bank (SCB) and three Hong Kong banks on Monday signed a co-operation agreement on syndicated credit financing. Under the agreement, SCB, Hang Seng Bank Limited, Chong Hing Bank Limited and The Bank of East Asia Limited committed to support financial investment and ensure a stable financing source for Union Square Company Limited, which operates in the field of real estate. The signing was made within the framework of an investment development co-operation event held by the Viet Nam Chamber of Commerce and Industry (VCCI) in co-ordination with Hong Kong Trade Development Council (HKTDC) in HCM City on Monday. Also at the event, the four banks signed a strategic agreement for comprehensive and long-term co-operation in exchanging experience on investment and financial management, increasing business relations, conducting research and investment, and especially providing credit to local and foreign … [Read more...] about BUSINESS NEWS IN BRIEF 26/8