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In addition, the draft decree also eliminated the participation of the group of investors, which are foreign investment funds, which are one of the types of investors with abundant capital and experience to support local businesses to develop strategies, operations and human resources. … [Read more...] about Draft amendments to e-commerce activities law discussed

Trump’s order also directs agencies to outline “potential steps that could be taken to mitigate these risks, including, if warranted, discontinuing all federal use of covered (drones) and the expeditious removal of (drones) from federal service.” … [Read more...] about Trump orders assessment of security risks of Chinese drones

The municipal Department of Industry and Trade plans to lure more investments, and outline support measures and programmes to encourage businesses to land investment in modern distribution and sales systems such as shopping malls and supermarkets. It is striving to develop five regional-level wholesale centres, ten regional-level shopping malls, 12 logistics centres, 68 trade centres, 850 supermarkets and 140 markets. Besides, Hanoi, which houses to 6,000 information technology firms and two IT parks, has taken lead in the country in terms of ICT revenue. Furthermore, the capital city has witnessed the sound development of infrastructure at industrial zones, with 17 high-tech industrial parks, 70 industrial clusters with stable operation, and 43 newly-established industrial clusters. Handicraft industry has been encouraged and received support, with 1,350 craft villages which attract tens of thousands of labourers. According to Deputy Director of the municipal Department of … [Read more...] about Hanoi envisages to become international trade hub

Hanoi (VNA) – Vietnam has started to emerge as the latest Asian nation with a strengthening position in the region, and a future high potential for economic growth, wrote Murat Ungor, a Senior Lecturer, Department of Economics, University of Otago in his article run by New Zealand’s website asiamediacentre.org.nz on January 18. In the article, the author cited data from the World Bank as saying that the country’s  gross domestic product (GDP) grew by 7 percent in 2019, similar to 2018, one of the fastest growth rates in the region. It is argued that if Vietnam can maintain a 7 percent increase in economic growth over the next decade, the country will follow the same trajectory as the previous "Asian Tigers,”  according to the article. International trade was also progressively liberalised, with the signing of various free trade agreements, it said, adding that the World Bank now considers Vietnam one of the most dynamic emerging … [Read more...] about New Zealand media: Vietnam – the time has come

Hanoi (VNA) - Forest product exports are expected to reel in 14.5 billion USD this year, up 12 percent against 2020, an official has said. Deputy Minister of Agriculture and Rural Development Ha Cong Tuan unveiled the target in an interview with the Lao Dong (Labour) newspaper on the growth of the forestry sector over the next five years. Export value is set to reach 20 billion USD in 2025. During the five-year period, he said, the sector will work to sustain the forest coverage rate at 42 percent, expand distribution markets, develop long-term trade partnerships, and promptly address trade issues for mutual benefits in line with international commitments. The minister also touched on a number of positive outcomes made by the sector last year despite COVID-19. Vietnam exported forest products worth over 13.22 billion USD, up 16.9 percent against the previous year, and 5.7 percent higher than the annual target. The country now ranks fifth globally, second in Asia, and first in … [Read more...] about Vietnam aims to earn 14.5 billion USD from forestry exports