Limpopo investment and trade

Chairman of the British Chamber of Commerce Vietnam Kenneth Atkinson. The trade and investment relationship between Viet Nam and the UK has grown significantly a year after the UK-Viet Nam Free Trade Agreement (UKVFTA) came into effect. Viet Nam News spoke to Chairman of the British Chamber of Commerce Vietnam Kenneth Atkinson about the effectiveness of the trade deal as well as opportunities for further cooperation between the two countries. How do you assess improvements in trade and investment between Viet Nam and the UK a year after implementing the UKVFTA? The UK-Viet Nam FTA came into effect on May 1, 2021 but with retroactive benefits starting January 1, 2021. This was one of the speediest negotiations of any FTA, in large part due to the strong strategic partnership established by the Governments of Viet Nam and UK. The Strategic Partnership has been in place for 10 years and is stated as being at its strongest ever. The UK is the European country that has maintained … [Read more...] about Trade, investment between Viet Nam and UK expand steadily in all sectors

Strategy to invest in oil and gas stocks based on trend of worldwide prices, illustration photo At a talk show on selecting stock portfolios organised by VIR last week, Hoang Viet Phuong, director of Analysis at SSI Securities, said that liquidity has decreased considerably over the past few weeks, sparking concerns about cash flow. “There has been an obvious decline in the participation of investor groups who speculate or manipulate stocks. Secondly, investors have become more hesitant and worried about the risks in the stock market following its recent dip,” Phuong said. As the VN-Index surpassed the 1,200-point mark, experts have predicted that the market will undergo fluctuations, presenting certain difficulties to investors, especially short-term ones. “We expect the market to go sideways in anticipation of a recovery in the market,” Phuong said. In the third quarter, sectors related to commodity prices or supply chain disruption – such as oil, gas, and marine logistics … [Read more...] about Strategy to invest in oil and gas stocks based on trend of worldwide prices

There will be another VIR talk show on blockchain application on July 8, Photo: Shutterstock Earlier this year William Do, CEO of Hobbit Investment, explained that exponential benefits and fast payback time are making blockchain projects a 4.0 trend that is replacing the wave of startups that flourished in previous years. “The blockchain model with its transparent, speedy, and bold projects has solved the problems that pioneering startups of the past could not answer,” he said. According to Do, just a handful of projects launched during the 2017-2020 entrepreneurship wave were able to establish themselves in the international market. The remainder struggled to survive without the support of major players in their industries. In more recent times, Hobbit has successfully raised capital for blockchain game Fight of the Ages (FOTA), and Do will appear on a VIR talk show on July 8 to share his own personal experience as well as the general status of innovation funds for … [Read more...] about Building innovative funds in blockchain biz

In Viet Nam, Toyota reaches the sale of 96,000 vehicles last year, of which 44 per cent are assembled domestically with different models. — Photo courtesy of the firm Despite the efforts of Japan and Viet Nam, the participation of Vietnamese enterprises in the supply chain of supporting industry products of Japan is still limited. At the online trading session on supporting industry Vietnam and Japan 2022 on Tuesday, Vu Ba Phu, director of the Trade Promotion Agency from the Ministry of Industry and Trade (MoIT), said: “Over the years, supporting industry enterprises of Japan and Viet Nam has been improving its production capacity and participating more and more deeply in the global production chain.” Phu added that the number of enterprises operating in the supporting industry accounts for nearly 4.5 per cent of the total number of enterprises in the processing and manufacturing industry, creating jobs for more than 600,000 employees, accounting for 8 per cent of the total … [Read more...] about More local enterprises should supply the Japanese production chain in Viet Nam

Part of the Vietnam - Singapore Industrial Park in Hai Phong city (Photo: VNA) Hai Phong (VNA) – For the last half of 2022, Hai Phong city will apply itself to flexibly and effectively fighting COVID-19 and shoring up business and investment activities so as to attract more foreign direct investment ( FDI ), a local official has said. Nearly 1.1 billion USD of FDI was poured into the northern port city in the first six months, falling by over 11% from a year earlier and equivalent to almost 44% of this year’s target. FDI inflows are expected to stand at 0.85 billion USD in the third quarter and 0.85 - 1.1 billion USD in the fourth quarter. Le Trung Kien, head of the Hai Phong Economic Zone Authority , said the city looks to surpass this year’s FDI attraction target of 2.5 billion USD. To that end, the authority will boost investment promotion and attraction for the three pillars of economic development, namely high-tech industry, seaports - logistics, and … [Read more...] about Hai Phong striving to attract over 2.5 billion USD in FDI this year

President Nguyen Xuan Phuc (right) receives British Ambassador Gareth Ward . (Photo: VNA) Hanoi (VNA) - President Nguyen Xuan Phuc on July 6 hosted receptions for the outgoing ambassadors of the UK and Belgium, who came to bid farewell to the State leader. Receiving British Ambassador Gareth Ward, President Phuc highlighted the two important milestones in the diplomat’s term, namely the signing and enforcement of the UK - Vietnam Free Trade Agreement (UKVFTA) in December 2020 and the approval of the Joint Declaration on Vietnam - UK strategic partnership in September 2020, towards elevating the bilateral relations in the next ten years. The President appreciated the Ambassador for actively coordinating to arrange Vietnamese senior leaders’ visits to the UK, including Prime Minister Pham Minh Chinh’s trip to the UK to attend the 26th United Nations Climate Change Conference of the Parties (COP26), and National Assembly Chairman Vuong Dinh Hue’s official visit to the … [Read more...] about Outgoing British, Belgian ambassadors bid farewell to President