Phuong said that the Law on Public Investment No 39/2019/QH14 which took effect from the beginning of this year would help tighten management of the entire process of public investment. In addition, the decentralisation of management would also be enhanced together with increasing accountabilities for higher efficiency of public investment. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 22
Vietnam 67 new york times
Newswire aseantoday.com highlights Vietnam’s marked achievements
On the digital front, Vietnam accelerated a national digital transformation that has already changed much of the country’s public administration. In June 2020, Prime Minister Nguyen Xuan Phuc approved a National Digital Transformation Program, to be implemented by 2025, to develop the economy based on digital technologies. … [Read more...] about Newswire aseantoday.com highlights Vietnam’s marked achievements
Vietnamese, Indian pharmaceutical firms have great opportunities in Vietnam
Hanoi (VNS/VNA) - Experts have pointed out lots of opportunities for Vietnamese and Indian enterprises in the pharmaceutical industry in Vietnam. In an effort to promote trade and investment in the pharmaceutical sector, the Embassy of India, the International Investment Promotion Alliance, the Association of Foreign Invested Enterprises and the Vietnam Chamber of Commerce and Industry (VCCI) organised a seminar in Hanoi on January 21 to connect experts and enterprises from the two countries. According to the embassy, India was popularly known as the pharmacy of the world, earning its credibility as one of the largest manufacturers of generic drugs. It also said the Indian pharmaceutical sector supplies over 50 percent of global demand for various vaccines, 40 percent of generic demand in the US and 25 percent of all medicine in the UK. Indian drugs are exported to more than 200 countries in the world, with the US being the key market. Indian pharmaceutical exports, … [Read more...] about Vietnamese, Indian pharmaceutical firms have great opportunities in Vietnam
Vietnam sees once-in-a-generation opportunity: Nikkei newspaper
Hanoi (VNA) – Japan's Nikkei newspaper has run a story highlighting the opportunity for Vietnam to rise stronger after the COVID-19 pandemic is completely controlled. It spotlighted Vietnam's efforts in maintaining economic activities amid the pandemic, which made the country one of the Asian economies recording the highest growth in 2020. The article noted that in 2020, Vietnam signed three free trade agreements (FTA), and saw the introduction of another airline, while rising to the sixth position in Southeast Asia in terms of per capita income. It noted that Vietnam grasped the greatest opportunity in decades to become one of the countries with the highest GDP growth in the world with an expansion of 2.9 percent and an expected rate of 6.5 percent in 2021. The article cited a report by Euromonitor as saying that Vietnam is forecast to be one of the markets with the busiest merge and acquisition (M&A) activities and the most potential M&A market only after the US. … [Read more...] about Vietnam sees once-in-a-generation opportunity: Nikkei newspaper
Foreign media highlight significance of 13th National Party Congress to Vietnam
Hanoi (VNA) - Russia’s “Multi-polar world” magazine has run an article by journalist Pavel Vinogradov highlighting the context and significance of the 13th National Congress of the Communist Party of Vietnam, which is scheduled to take place from January 25 to February 2, to socio-political life in Vietnam. The article underlined that decisions and resolutions from the congress will have a major impact on the nearly 100-million-strong country, which is developing dynamically along the socialist direction. Ninety years since the establishment of the Communist Party of Vietnam (CPV), the national Party congress has always been a significant event marking a new period in the Southeast Asian country, it said. It noted that the CPV, founded by President Ho Chi Minh in 1930, is still the force ensuring the success of peace building and the construction of an equal society, as well as the reinforcement of … [Read more...] about Foreign media highlight significance of 13th National Party Congress to Vietnam