Viet Nam called on India not to impose anti-subsidy measures on stainless steel pipes and copper wire rods imported from the country, and to consider not reinstating anti-dumping measures when they expire. — Photo ndh.vn Officials from Viet Nam and India discussed specific measures to remove obstacles to trade and promote investment co-operation between their businesses during the fourth meeting of the Joint Sub-committee on Trade in Ha Noi on Wednesday. The event was co-chaired by Vietnamese Deputy Minister of Industry and Trade Cao Quoc Hung and his Indian counterpart Anup Wadhawan. Delegates compared notes on solutions to tighten economic relations, expand export markets and take advantage of their strengths and resources to aid development in both countries. In his remarks, Hung called on India not to impose anti-subsidy measures against stainless steel pipes and copper wire rods imported from Viet Nam, and to consider not expanding anti-dumping measures when they expire. … [Read more...] about Viet Nam, India seek ways to remove obstacles to trade ties
Obstacles to economic development in developing countries
ADB provides US$300m loan to BIDV to support SMEs in Việt Nam
ADB and BIDV signed a US$300 million loan agreement to support SMEs in Việt Nam. — VNS PhotoViet Nam News HÀ NỘI — The Asian Development Bank (ADB) and Joint Stock Commercial Bank for Investment and Development of Việt Nam (BIDV) signed a US$300 million loan agreement on Wednesday to support the growth and productivity of small and medium-sized enterprises (SMEs) in Việt Nam. “The agreement includes a $200 million loan provided by ADB and a $100 million loan arranged by ADB from 12 commercial lenders,” BIDV Chairman Phan Đức Tú said at the signing ceremony. “This is the biggest commercial loan ADB has provided to an Asian commercial bank so far, affirming the development finance institution’s positive evaluation of Việt Nam’s stability and economic growth as well as its trust in Việt Nam’s banking operations in general and BIDV in particular.” He said the loan would support … [Read more...] about ADB provides US$300m loan to BIDV to support SMEs in Việt Nam
PM calls on SMBC to expand investment in Việt Nam
Viet Nam News HÀ NỘI — Prime Minister Nguyễn Xuân Phúc suggested Sumitomo Mitsui Banking Corporation (SMBC) further expand its investment in Việt Nam during a reception in Hà Nội on Thursday for President of Sumitomo Mitsui Financial Group (SMFG) and SMBC President Koichi Miyata. As Việt Nam continues its path towards strong growth, Phúc hoped that SMBC will actively join in the country’s restructuring of its banking system. He proposed that SMFG and SMBC uphold their roles as bridges, connecting and promoting Japanese investment in Việt Nam, thereby strengthening the bilateral comprehensive partnership. The Vietnamese Government will continue to listen to feedback and remove obstacles facing Japanese investors, he said, adding that he hopes Japan will become the largest foreign investor in the country. Lauding SMBC-funded projects in Việt Nam as important and large-scale, … [Read more...] about PM calls on SMBC to expand investment in Việt Nam
PM calls on SMBC to expand investment in Vietnam
Prime Minister Nguyen Xuan Phuc (R) and SMBC and SMFG President Koichi Miyata (Source: VNA) Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc suggested Sumitomo Mitsui Banking Corporation (SMBC) further expand its investment in Vietnam during a reception in Hanoi on November 22 for President of Sumitomo Mitsui Financial Group (SMFG) and SMBC President Koichi Miyata. As Vietnam continues its path towards strong growth, PM Phuc hoped that SMBC will actively join in the country’s restructuring of its banking system. He proposed that SMFG and SMBC uphold their roles as bridges, connecting and promoting Japanese investment in Vietnam, thereby strengthening the bilateral comprehensive partnership. The Vietnamese Government will continue to listen to feedback and remove obstacles facing Japanese investors, he said, adding that he hopes Japan will become the largest foreign investor in the country. Lauding SMBC-funded projects in Vietnam as important and large-scale, … [Read more...] about PM calls on SMBC to expand investment in Vietnam
Germany to cooperate & support VN in development of wind energy
At the event, German Consul General to Ho Chi Minh City Mr. Andreas Siegel highlighted the potential for renewable energy including wind energy of Vietnam. The consul general affirmed the German enterprises would be willing to cooperate and support Vietnam in developing the industry. Almost speakers at the seminar said that environmental pollution was caused by impact of severe climate change and exhaust emissions from greenhouse effect which has been threatening to lives of people around the globe. Therefore, the development of renewable energy, a source of clean energy is extremely important, contributing to sustainable economic and social development. According to Mr. Berthold Breid, founder and director of Renewables Academy AG (Renac), after Fukushima Daiichi nuclear disaster occurred in Japan in 2011, the German government released policy about removing nuclear power including developing of renewable energy. Currently, Germany's renewable energy accounts for 36 … [Read more...] about Germany to cooperate & support VN in development of wind energy