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Covering more than 106,000ha, the Nghi Son Economic Zone has attracted many domestic and foreign projects, including the Nghi Son Thermo-electricity Plant and the Nghi Son Refinery and Petrochemical Complex, which was put into operation in December 2018 and had a total investment of more than 9.3 billion USD.  … [Read more...] about Thanh Hoa: a promising investment destination

Hanoi (VNA) – The Vietnamese Ministry of Industry and Trade is actively implementing a lot of supporting industry development programmes, given the great importance of supporting industries. Thanks to these programmes, Vietnamese businesses have been facilitated to apply modern quality management standards and systems, increase the quality of their products, and gradually participate in global supply chains. However, deputy head of the Science Institute on Small-and-Medium Enterprises Management (SISME) Nguyen Kim Hung said that businesses are facing difficulties in approaching credit, due to specific characteristics of supporting industrial production as well as the low starting point of small- and medium-sized enterprises. In this context, Chairman of the Vietnam Chamber of Commerce and Industry Vu Tien Loc stressed the need for mechanisms and policies to develop supporting industries, strengthen connectivity, take advantage of new markets, and expand supply channels and … [Read more...] about Vietnam’s supporting industries receive push to develop further

In four consecutive years from 2016 to 2019, Viet Nam completed and exceeded the set plans, which created momentum for the country to stand firm in hard times. The country is ranked in the group of countries with the highest economic growth in the world. Its macro economy has remained stable while institutional reforms have been accelerated. These achievements are thanks to the participation and actions of the business community and people, under the comprehensive leadership of the Party. … [Read more...] about Vietnam posts remarkable economic achievements in 2016-2020 period

Hanoi (VNA) - The Hoa Lac Hi-Tech Park in Hanoi has attracted 93 investment projects with registered capital of more than 90.25 trillion VND (3.9 billion USD) so far, including more than 7.95 trillion VND in investment approved last year, the Ministry of Science and Technology has said. Of particular note, several outstanding hi-tech products have been developed and manufactured at the park, including 5G smartphones and 5G network equipment made by Vinsmart in cooperation with Qualcomm, marine radars using 4G and 5G technology made by Viettel, and aircraft engine components and hi-tech cutting tools for the aerospace industry made by Hanwha. At a recent conference of the park’s management board, Minister of Science and Technology Huynh Thanh Dat highlighted the Party and Government’s policy of building it into a science and technology city and a smart ecosystem for science-technology development, to contribute to national development. To promote its development, he asked … [Read more...] about 3.9 bln USD channelled into Hoa Lac Hi-Tech Park

Seefahrer Premium Beer Co. Ltd., a local brewery, recently introduced two new products -- Truong Sa Special and Hoang Sa Special -- with the intention of promoting patriotism and asserting Vietnam’s sovereignty over the groups of islands. … [Read more...] about Businesses in talks for exporting craft beer named after Vietnam’s two archipelagos