The FTAs signed by the UK with Singapore and Vietnam not only help maintain trading activities worth billions of GBP but also serve as a prerequisite for the UK to sign other trade deals that will enable it to apply in the coming months to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Participation in the agreement will help the UK tighten its relations with Vietnam and 11 other dynamic economies in the Indian Ocean and the Pacific. … [Read more...] about Key for post-Brexit trade strategy
Largest export surplus
Intel channels additional 475 million USD into Vietnam
HCM City (VNA) - Intel had poured an additional 475 million USD into Intel Products Vietnam (IPV), its single-largest assembly and test plant within the Intel Assembly and Test (ATM) network, IPV Chief Financial Officer Alan Danner said on January 27. He made the announcement during a meeting with businesses hosted by Saigon Hi-tech Park (SHTP) in Ho Chi Minh City. This is a new investment following a sum of 1.04 billion USD invested to build a chip assembly and test manufacturing facility at SHTP in 2006, bringing the semiconductor company’s investment in Vietnam to 1.5 billion USD in total. The additional capital was channelled into IPV between June 2019 and December 2020 to bolster the production of Intel’s 5G products, Intel Core processors with Intel Hybrid Technology, and the 10th Gen Intel Core. IPV is an important part of Intel’s production chain across the world, Danner said, adding that the firm will further diversify and improve its activities in … [Read more...] about Intel channels additional 475 million USD into Vietnam
Netherlands and Vietnam promotes sustainable business for Mekong Delta
With $2 million invested from the Dutch government and another $2 million from the Dutch private sector, the project aims to make the citrus sector of the Mekong Delta more sustainable and efficient (reduce the negative impacts of agro-chemicals to the environment), and more profitable (50 per cent increase in income) for 150,000 citrus small-holders in the area, by developing a sustainable citrus value chain – in which the local farmers will be contracted and supported in combination with the private sector’s extension system, fertiliser advisory service, virus-free citrus seedlings, and financial support programme. … [Read more...] about Netherlands and Vietnam promotes sustainable business for Mekong Delta