Ppp

The section of the North-South Expressway running through Thanh Hoa province Transport infrastructure firms are proposing three main capital sources for implementing public private partnership (PPP) projects, including state budget capital, equity capital, and capital raised from other resources. For the latter, the issuance of corporate bonds is being endorsed by leaders at all levels and experts alike. According to Nguyen Viet Huy, deputy director of the PPP Department under the Ministry of Transport, issuing corporate bonds is a legitimate solution helping to open the door for investors to participate in implementing highway projects under PPP method. Huy raised the example of Deo Ca Group, a major developer of transport infrastructure projects in central Vietnam, which succeeded with the implementation of capital-intensive projects with limited access to credit like the Deo Ca Tunnel project or the Bac Giang-Lang Son and Trung Luong-My Thuan expressway projects BY using … [Read more...] about Corporate bond issuance proposed for building 3,800km expressway

Animal feed exports see surge in H1 Luc Ngan lychee of Bac Giang province is protected geographical indication in Japan. Vietnamese firms are urged to pay more attention to register for intellectual property protection in foreign markets. (Photo baochinhphu.vn) Vietnam’s animal feed exports hit nearly 523.88 million USD in the first six months of 2021, up 52.7 percent year-on-year, according to the General Department of Customs. China remains the biggest importer of Vietnam’s animal feed, with turnover reaching 188.3 million USD in the reviewed period. In June alone, China spent 36.62 million USD on importing animal feed from Vietnam, up 47.3 percent from the same period last year. Vietnamese exports of animal feed to Cambodia in January-June rose 41.7 percent to 74.81 million USD, maintaining Vietnam’s second largest importer. Meanwhile, the US surpassed India to become Vietnam’s third biggest importer of livestock feed with turnover hitting 56.42 million … [Read more...] about VIETNAM BUSINESS NEWS JULY 22

Vietnam’s supply chains have significantly evolved from how they were a decade ago, the article said, noting that among the countries competing for investment, Vietnam has emerged as a highly effective alternative for relocation in Southeast Asia. “Vietnam’s pursuit of foreign investment, competitive costs, free trade agreements, and liberal investment environment have made it an ideal location for investors seeking to reduce costs and diversify supply chains,” it said. The writing also analysed Vietnam’s competitive edge in terms of labor costs, political climate, infrastructure, working environment and flexible administrative system. It quoted Dustin Daugherty, Head of North American Desk for Dezan Shira & Associates, as saying that Vietnam enjoys a high degree of regional diversity, and the North, Center, and South all have particular competitive advantages for different industries and types of businesses. The article reported that Vietnam spends up to 5.7 percent of its … [Read more...] about Vietnam’s strengths in foreign investment attraction: VietnamBriefing

Stable economic growth has made Viet Nam an attractive destination for foreign investors particularly amid current changes in the global supply... Vietnam and India are emerging as alternative labour sources. Disruptions to international trade as a result of the US-China trade conflict and the COVID-19 pandemic has made companies rethink their supply chains. Traditionally, supply chains were designed to keep costs low. In the post-pandemic era, however, supply chains are being reworked to reduce the risks of future disruptions. Notably, the international community is moving toward relocating supply chains to India and Viet Nam. The article cited a recent second-quarter Barometer report by QIMA, which showed that Viet Nam and India were emerging as alternative sourcing locations. Viet Nam’s reforms allowing foreigners to own property as well as majority holdings in Vietnamese companies were driving the move. Consistent economic growth had also made … [Read more...] about Economic Times says VN to benefit from COVID-19 supply chain rethink

Vietnamese economy records growth of 6.61% in second quarter The nation’s economy enjoyed annual growth of 6.61% in the second quarter of the year, with the country’s economic growth for the remainder of the year projected to reach between 4.5% and 5.1%, according to industry insiders. The event was co-hosted by the Vietnam Institute for Economic and Policy Research (VEPR) under VNU University of Economics and Business (UEB) and Konrad-Adenauer Stiftung (KAS) via online platform. According to details provided by the quarterly report, growth in the agro-forestry-fishery, service, and industrial sectors recorded an increase in the first half of the year with the FDI sector playing a crucial role in economic growth through exports. Furthermore, due to the impact of the COVID-19 pandemic, local businesses have been forced to bear additional production costs due to a rise in raw material prices coupled with land rental. Inflation during the course of the second quarter and the … [Read more...] about VIETNAM BUSINESS NEWS JULY 24

Vietnam, EU review bilateral trade deal implementation Minister of Industry and Trade Nguyen Hong Dien and European Commission Vice-President and EU trade commissioner Valdis Dombrovskis have co-chaired the first meeting of the EU-Vietnam Free Trade Agreement (EVFTA)'s Trade Committee. The meeting, held in online format, aimed to review the implementation of the deal and discuss issues related to trade and investment in both bilateral and multilateral frameworks. Participants adopted Decision No. 01 of the committee on its operation mechanism, which comprises regulations on its function, membership, secretariat, decision-making procedure, and information transparency. Both sides agreed to coordinate closely to speed up the implementation of the deal and cope with matters that may pose negative impacts on the operation of businesses of both sides, thus maintaining and developing the supply chain amid COVID-19 pandemic. At the meeting, the two sides also mentioned a number of … [Read more...] about VIETNAM BUSINESS NEWS JULY 21