Fim hai viet nam

Vietnamese Ambassador to Italy Duong Hai Hung speaks to participants at the forum. — VNA/VNS Photo Nearly 100 delegates representing Vietnamese and Italian organisations and businesses attended the Viet Nam-Italy trade promotion forum in Rome on September 19. Vietnamese Ambassador to Italy Duong Hai Hung highlighted the strong growth of the Viet Nam-Italy strategic partnership in all fields, especially the economy. He pointed to the four factors that ensure the future development of the ties, namely the sound traditional friendship and political determination of both sides, the stability and attractiveness of the Vietnamese economy, the legal framework promoting import-export and investment activities, and Viet Nam's advantages from free trade agreements. The ambassador said he believes that the forum will help businesses of both sides foster their connections to optimise the unexploited cooperation potential for mutual benefits, and pledged to stay ready to support and … [Read more...] about Viet Nam, Italy look to optimise business opportunities

Oliver Todd, British Consul General in Viet Nam. — VNS Photo Viet Nam has drawn up policies to attract high-quality foreign investment. Viet Nam News talked to Oliver Todd, British Consul General in Viet Nam, about Viet Nam’s advantages in attracting global investors, including companies from the UK. How do you assess the growth of trade and investment between the UK and Viet Nam in recent years? The growth of the bilateral trade relationship between the UK and Viet Nam has been profound over the last 10 years. In fact, I was recently reading statistics that show that over the last decade, Viet Nam has been the fastest growing provider of UK imports globally. This of course has been driven by Viet Nam’s strengths in agriculture, manufacturing and consumer goods. In total, our bilateral trade is valued at £5.7 billion (US$6.6 billion) per annum, including over £900m in UK exports in return to Viet Nam in everything from pharmaceuticals and chemicals to high-end consumer … [Read more...] about Viet Nam’s reform and green development policy attracts global investors

Samsung Electronics’s smartphone plant in Bac Ninh. High-tech foreign investments are expected to significantly boost Viet Nam's GDP growth in the coming years. — VNA/VNS Photo High-tech foreign investments will continue to propel Viet Nam’s economic growth for years to come, Michael Kokalari, chief economist at investment fund VinaCapital, has said. Viet Nam’s economic growth has been accelerating this year, and so the World Bank, IMF and others have sharply revised up their GDP growth forecasts for the country, with an increasing number of economists now expecting it to exceed 8 per cent this year. This has prompted investors to ask what is different in Viet Nam and why. In a note, Kokalari said, quoting newly published research by economists at Harvard University, that one reason Viet Nam is an economic outlier is that FDI is supporting the country’s manufacturing while also driving an increase in the complexity of products produced in Viet Nam. An increase in the … [Read more...] about High-tech FDI drives Viet Nam economic evolution

Ngo Chung Khanh, MoIT's deputy head of Multilateral Trade Policy Department The UK-Viet Nam Free Trade Agreement (UKVFTA) is expected to help Viet Nam accelerate institutional reforms, improve the investment and trade environment towards modernity and transparency, as well as create convenience for businesses. In particular, with deep commitments to open markets for goods and services, the UKVFTA will be a strong lever promoting bilateral trade and investment exchanges between Viet Nam and the UK. Ngo Chung Khanh, deputy head of the Multilateral Trade Policy Department under the Ministry of Industry and Trade (MoIT) spoke with Viet Nam News reporter Vu Hoa about the agreement after more than one year of implementation. How do you assess the impact of the UKVFTA on Viet Nam - UK trade and investment cooperation now that the agreement has been in effect for more than a year? The UKVFTA has had positive effects on Viet Nam - UK trade and investment cooperation. After the … [Read more...] about UKVFTA: a lever for Viet Nam-UK trade and investment cooperation

Many attractive promotions on e-commerce site Shopee. — Photo vietnamplus.vn Viet Nam's B2C retail e-commerce revenue this year is estimated at US$16.4 billion, marking the first year to reach this landmark, reported the Viet Nam E-Commerce White Book 2022. A representative of the Viet Nam E-commerce and Digital Economy Agency (Ministry of Industry and Trade) said that Viet Nam E-commerce White Paper was built to provide a comprehensive view of the situation of the country's e-commerce application under the impact of the pandemic in the global e-commerce picture this year, along with new legal regulations taking effect. Similar to previously published publications, this White Paper is built from the results of a survey of nearly 5,000 consumers and about 10,000 businesses, along with aggregate data from a number of reputable organisations around the world. The COVID-19 pandemic has seriously affected trade and service activities of Viet Nam and the world last year, said the … [Read more...] about Viet Nam B2C retail e-commerce revenue to exceed $16 billion this year

An apartment complex in HCM City. UK investors put about $1 billion investment in 23 property projects in Viet Nam. — VNA/VNS Photo Hong Dat Viet Nam's real estate market is seeing more investment from the UK thanks to the UK-Viet Nam Free Trade Agreement (UKVFTA). The UK is known for consulting services, especially in the real estate industry. Real estate is not only the choice of many investors but also a safe and very effective investment channel, according to Savills Viet Nam, a UK real estate consulting provider in Viet Nam. "This agreement is likely to promote the expansion of UK businesses in Viet Nam, and we expect interest from companies in data centres, high-tech manufacturing, financial services, high-tech services and possibly pharmaceuticals too," Matthew Powell, director of Savills Hanoi, told Viet Nam News. "These businesses will demand real estate across the country, which could range from manufacturing plants or office space. There has been an increased … [Read more...] about UKVFTA brings more investment to Viet Nam real estate market