Foreign investment in vietnam

Vietnamese products are introduced at the forum in Maputo on June 26 (Photo: VNA) Maputo (VNA) – Over 100 representatives of Vietnamese and Mozambican businesses gathered at a forum in Maputo on June 26 to seek stronger links in trade, investment and tourism between the two countries. Vietnamese Ambassador to Mozambique Le Huy Hoang said the Vietnamese Government is committed to continued support of the two countries’ businesses to reinforce partnership and capitalise on their potential and advantages. Meanwhile, Director of the Hanoi Department of Industry and Trade Le Hong Thang introduced advantages of the Vietnamese capital city, including favourable policies, transport infrastructure and human resources. He also highlighted the municipal authorities’ resolve to assist foreign enterprises to engage in economic, investment and trade cooperation. Mozambican Deputy Minister of Industry and Trade Julio Joao Pio reviewed the recent strides in bilateral … [Read more...] about Vietnam, Mozambique seek to enhance trade, investment, tourism ties

National Assembly Vice Chairman Phung Quoc Hien (second from right) shakes hands with President of Madagascar Hery Rajaonarimampianina. (Photo: VNA) Antananarivo (VNA) – The visit to Madagascar by a high-ranking delegation from the Vietnamese National Assembly will contribute to tightening the bilateral relations and open up new cooperation opportunities between the two countries, especially in the field of economy. President of Madagascar Hery Rajaonarimampianina made the statement at a meeting with National Assembly Vice Chairman Phung Quoc Hien in Antananarivo on March 26. He underlined the special traditional relations between Vietnam and Madagascar through historical periods.  The two countries have strengths and great cooperation potentials in agricultural production, he said, adding that Madagascar boasts vast cultivation land and abundant labour forces while Vietnam has experience and high agricultural technology. The President called on Vietnamese enterprises … [Read more...] about Vietnam, Madagascar beef up cooperation

Deputy Prime Minister Vuong Dinh Hue (R) and Chairman of the Pacific Century Group Richard Li (Photo: VNA)  Hanoi (VNA) – Deputy Prime Minister Vuong Dinh Hue has proposed FWD Insurance of the Pacific Century Group participate in green financial funds for start-up and innovation projects in Vietnam. He made the recommendation while receiving Chairman of the group Richard Li in Hanoi on November 12. The Deputy PM also asked the FWD to consider investing in green G-bonds and join insurance for renewable energy projects. Li said his group is keen to invest in Government bonds in Vietnam and has selected the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) as its partner due to the bank’s financial strength and good growth. The FWD will focus on investment for Vietnamese start-up firms in the coming time, he affirmed. Deputy PM Hue said the cooperation with Vietcombank - one of the leading commercial banks in Vietnam - will help the … [Read more...] about Deputy PM asks FWD Insurance to invest in start-up projects in Vietnam

National Assembly Chairwoman Nguyen Thi Kim Ngan (R) and President of Germany’s Hessen State Parliament Boris Rhein (Photo: VNA)   Hanoi (VNA) – Vietnam always considers Germany an important partner, National Assembly Chairwoman Nguyen Thi Kim Ngan told President of Germany’s Hessen State Parliament Boris Rhein during a reception in Hanoi on November 12. Ngan said the Vietnamese NA always advocates strengthening ties between Vietnam and Germany, as well as between the two legislatures. She said Vietnam highly appreciates ties with German states, including Hessen, describing the ties as a new and effective model of cooperative relations that needs to be stepped up in the near future. Lauding the position and strength of Hessen state – one of the leading economic, financial and education hubs in Germany and Europe, she said there remains room for both sides to propel ties more effectively. Vietnam welcomes Hessen investment in fields of the … [Read more...] about NA leader: Vietnam considers Germany an important partner

Germany has high demand for pepper. (Photo: VNA) Hanoi (VNA) – Vietnam-Germany trade relations will thrive on the back of the freshly inked free trade and investment deals, including the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA), according to insiders. Nguyen Son Tra, deputy head of the WTO and Trade Negotiation Division under the Ministry of Industry and Trade’s Multilateral Trade Policy Department, said the EVFTA will bring distinct advantages to Vietnamese goods as right after the deal takes effect, 85.6 percent of the tax lines imposed on Vietnamese goods, or 70.3 percent of the country’s exports to the EU will be reduced in the first year. Meanwhile, the lifted tariffs will be 99.2 percent, or 99.7 percent of the country’s total export turnover to the bloc, in the next seven years, she said. Particularly, Germany, together with the UK and the Netherlands, has been Vietnam’s leading importer … [Read more...] about Free trade, investment deals to boost Vietnam-Germany trade ties