A ceremony was held in Hanoi on Tuesday to announce the export of Vietnam’s first batch of milk to China, the Vietnam News Agency reported. TH Milk JSC is the first Vietnamese firm to receive approval from the General Administration of Customs of China to export dairy products to China. Its sterilised and modified milk products have been granted transaction codes by the Chinese customs agency. The privately-owned company already exports dairy products to 40 countries and territories, according to its 2018 annual report. At the ceremony, TH Milk signed a contract to ship the first batch of milk products to China with its Chinese partner, Wuxi Jinqiao International Food City. Under the contract, the two sides will cooperate in distributing TH Milk products in all provinces and cities across China via wholesale, retail and supermarket channels. A TH Milk stall is seen at a dairy products fair. Photo: Vietnam News Agency The historic export is the result of a protocol signed between … [Read more...] about Vietnam to export first batch of milk to China
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Since the enactment of the Law on Foreign Investment in December 1987, one of the first achievements of ‘Doi Moi’, Vietnam has attracted FDI to its economy for over 30 years. Hence, FDI is becoming an important economic sector of Vietnam. A long road To date, more than $182 billion in FDI has been invested in almost all industries and sectors of the economy, significantly contributing to the development and restructuring of the economy. The FDI sector accounts for about 25% of total investment nationwide, and generates over 70% of total export turnover of the country. However, many experts believe that FDI is dominating too many fields and occupations, taking opportunity away from home-grown businesses, and above all, making the economy dependent on foreign investment. To adequately analyse the effect of FDI, Dr. Nguyen Dinh Cung, Director of the Central Institute for Economic Management, explains that one cannot only focus on FDI enterprises alone, but must make a … [Read more...] about Will FDI adversely affect Vietnamese businesses?
Link Xiong'an New Area with Beijing New Airport; Contract amounts approximately RMB1.19 billionHONG KONG, CHINA - Media OutReach - 15 October 2019 - Hebei Construction Group Corporation Limited ("Hebei Construction Group" and its subsidiaries, together, the "Group", stock code: 1727) is pleased to announce that the Company received the letter of acceptance, stating that the Company has won the ZT2 bid section of main body construction project of Beijing-Hebei boundary to Jinshi Expressway section along Beijing New Airport - Dezhou Expressway (the "Project"). The contract amount of the Project is approximately RMB1.19 billion and the construction period is 19 months. The Project is expected to be completed in 2021.The Project is located within the jurisdiction of Langfang City, Hebei Province, which starts from Beijing-Hebei boundary in the east of Jijiazhuang Village, Gu'an County, Langfang City, and links to Beijing section (the connecting line between the north … [Read more...] about Hebei Construction Group Won Bid for Beijing-Dezhou Expressway Project
Vietnam is being encouraged to focus more on developing a skilled workforce, the domestic private sector, and improvement of regulations to attract companies on the Fortune Global 500 list to serve the new development era. Vietnam prepares itself for the new development era to attract more FDI Losing an hour in a 10km-long traffic jam, Marcel Reymond, head of economic co-operation at the Embassy of Switzerland in Vietnam, eventually reached the National Convention Centre to attend last week’s Vietnam Reform and Development Forum 2019 (VRDF 2019) – an event attracting around 500 domestic and international experts worldwide. “I tried to manage the time well despite the heavy traffic. If I was a company owner, I would lose a lot of money because I had to wait for my materials for my staff,” he said. “If Vietnam wants to attract companies on the Fortune Global 500, the country will need better … [Read more...] about Reaching high for the Fortune Global 500
Vietnam’s high-ranking military delegation visits EU Vietnamese Minister of National Defence General Ngo Xuan Lich Vietnamese Minister of National Defence General Ngo Xuan Lich is leading a high-ranking military delegation to visit the European Union (EU) from October 14-19. The visit is made at the invitation of Vice President of the European Commission and High Representative of the European Union for Foreign Affairs and Security Policy Federica Mogherini. The two sides will ink a Framework Participation Agreement (FPA) to establish Vietnam’s engagement in the EU’s crisis management activities. The Vietnamese delegation’s visit and the signing of the FPA aim to boost defence relations with the EU, which is in line with the spirit of the EU-Vietnam Partnership and Cooperation Agreement. The move also shows Vietnam’s responsibility in promoting joint efforts to bring peace to the region and the world./. Vietnam attends int’l law development … [Read more...] about VIETNAM POLITICAL NEWS HEADLINES OCTOBER 16