Understanding successive industrial revolutions a development block approach

Tan Lap Floating Village in the Mekong Delta province of Long An (Photo: VNA) Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc has approved an action programme implementing the Government’s resolution 120/NQ-CP on sustainable development of the Mekong Delta in response to climate change. The programme outlines six groups of tasks and solutions, including the revision, improvement and supplementation of mechanisms and policies on land to serve large-scale, highly competitive and sustainable agricultural goods production; supporting the application and transfer of science technology in agro-production; and developing urban and rural residential areas suitable with the conditions of each region. The PM requested an appropriate agricultural production structure focusing on aquaculture, fruit and rice along with developing the green and low-carbon emission industry, renewable energy and forestation, as well as protecting coastal areas. He suggested developing service – … [Read more...] about Action programme on sustainable development in Mekong Delta

  A booth displaying industrial parts at the 2018 Vietnam Supporting Industry Fair (VSIF). This year the VSIF will be held along with the Vietnam International Machinery Fair in HCM City from December 11 to 14. — Photo courtesy of organisers HCM CITY — The 2019 Vietnam International Machinery Fair and 2019 Vietnam Supporting Industry Fair will be held in HCM City from December 11 to 14. The fairs have attracted over 300 exhibitors, including from advanced countries and regions such as South Korea, Japan, Singapore, China, Germany, and Europe. The products on display at the 460 booths will include automation and digital manufacturing solutions, supporting industry products, machinery used in the construction, textile, agricultural, and other sectors, energy and factory equipment, metalworking tools, welding machines, industrial parts and materials, and measuring and testing instruments. Supporting industry products made by Vietnamese firms will account for 30 … [Read more...] about Over 300 firms to participate in HCM City machinery, supporting industry fairs

An international workshop on Vietnam's economic prospects until 2025: opportunities and challenges brought by new-generation FTAs (Photo: dangcongsan.vn) Under its 5-year socio-economic development plan until 2020, Vietnam has maintained an annual GDP growth rate of more than 6.8%. Last year’s growth was more than 7% and this year is expected to exceed 7%. Vietnam  has achieved the GDP growth target set for the entire period. Inflation has been under control and the public debt ratio has been decreasing. But growth has been heavily dependent on capital. The support industry has grown slowly. The contribution of services with high added value has remained low. Logistics costs are high. Exports depend on foreign-invested enterprises. Most Vietnamese businesses haven’t participated in global value chains and their ability to innovate hasn’t improved much. At a recent international workshop on Vietnam's economic prospects until 2025, many experts pointed … [Read more...] about New-generation FTAs create opportunities, challenges for Vietnam’s economy

Pham Minh Chinh (right), Politburo member, Secretary of the Communist Party of Vietnam (CPV) Central Committee and head of the CPV Central Committee’s Organisation Commission, shakes hands with Speaker of the National Assembly Job Ndugai. (Photo: VNA) Pretoria (VNA) – Pham Minh Chinh, Politburo member, Secretary of the Communist Party of Vietnam (CPV) Central Committee and head of the CPV Central Committee’s Organisation Commission, has suggested orientations and measures to promote traditional solidarity between the CPV and the Revolutionary Party of Tanzania (CCM) as well as between the two countries. The Vietnamese official made the suggestions during his meetings with Tanzanian leaders as part of his working visit to the African nation from December 3-7. He met with CCM Vice Chairman and Vice President of Tanzania Ali Mohamed Shein and Speaker of the National Assembly Job Ndugai, and held talks with CCM Secretary General Bashiru Ally Kakurwa  Chinh … [Read more...] about Vietnam, Tanzania aim to forge cooperation across spheres

German businesses are seeing Vietnam as an attractive destination for investment (photo: Le Toan) Wolfgang Schmitz-Heinen, CEO of Witte Holding GmbH, visited Vietnam for the first time recently to look for opportunities to start a business here. Witte is a family-run global company in the printing business that specialises in printing secure and self-adhesive labels for various applications including the automotive and electronic industry. “We want to expand abroad more than before and are analysing different countries, and we got the opportunity to join this business delegation organised by the OAV-German Asia-Pacific Business Association to Vietnam. We are impressed from south to north there, and would like to follow this track to see what is possible for us. I have ideas, but we have to check now the circumstances to ensure that everything we have to do is carried out properly, but we will do it fast,” he told VIR. “What I learned in these last few days is that … [Read more...] about German firms see positive outlook