Vietnam foreign office

A Vietnamese factory processing tra fish for exports (Illustrative image. Source: VNA) Hanoi (VNS/VNA) - Vietnamese and Chinese enterprises are encouraged to tap into the great bilateral trade potential driven by the two countries’ open trade policies, experts have said. Vietnam values and gives priority to strengthening economic and trade cooperation with China, and hopes to receive greater investment from China and the overseas Chinese community, said Nguyen Noi, Deputy Director of the Foreign Investment Agency under the Ministry of Planning and Investment. “I’m pleased to see that many leading Chinese corporations are expanding their investments in the fields of electronics, renewable energy and IT, applying modern technology and bringing more value in line with Vietnam’s foreign investment orientation,” Noi told a conference on Vietnam-China trade and investment last week. China continued to be Vietnam’s … [Read more...] about Vietnam, China have room to grow trade ties: experts

There are two clear investment tendencies in the automobile industry. First, becoming the leading assembling center in Southeast Asia, and second, buying technologies and making automobiles for export. Three Vietnamese companies The Q1 2019 report of the Vietnam Automobile Manufacturing Association (VAMA) showed that while the sales of domestically assembled cars decreased by 8 percent, value of imports soared by 230 percent compared with the same period last year. In the last two years, Vietnam’s automobile industry has witnessed big changes because of the ASEAN Trade in Goods Agreement (ATIGA). The tariff cut from 30 percent to 0 percent applied to ASEAN-originated products has attracted investors, who enjoy benefits from ATIGA. Vietnam is considered a potential market thanks to the modest ratio of 23 car owners per 1,000 people (the figures are 264 in Thailand and 400 in developed countries). Vietnam is considered a potential market thanks to the modest ratio of 23 car … [Read more...] about Two paths for Vietnam’s automobile industry

Staff of Vietnam’s Level-2 field Hospital No. 2 is scheduled to be sent to South Sudan from November 13-26 to assume the tasks their peers of Hospital No. 1 are performing within the UN peacekeeping mission in the African country. At the working session  Speaking at a working session at Military Hospital 175 in Ho Chi MinhCity on October 4, Director of the Vietnam Department of Peacekeeping Operations Colonel HoangKim Phung said 63 members of the first hospital will return home on November 21 and November 28, and a welcome andcommendation ceremony for them will be officially organized on December 2in HCM City. Reporting on the roadmap for the deployment of the third hospital, Colonel Phung said the personnel preparation and trainingplan for the hospital is actively implemented. The third will have 70 staff, including 10 women. The hospital staff will beequipped with skills in performing tasks at a UN mission, towards replacing thesecond one in 2020. … [Read more...] about Vietnam’s second field hospital to be on duty in South Sudan in November

An iPhone model developed by Apple (Photo: Getty Images) Hanoi (VNA) – According a Nikkei Asian Review report,Vietnam is among the most likely destinations for Apple to restructure its supply chain in. The California-based tech giant has decided the risks of depending heavily on manufacturing in China are too great, and it has asked major suppliers including Foxconn, Pagatron, Wistron, Quanta Computer and Compal Electronics to evaluate the cost of shifting 15-30 percent of production capacity from China to Southeast Asia. Economist Nguyen Dinh Anh told a Sputnik reporter that if Vietnam is selected, the domestic economy will be boosted while the country will have a chance to increase its prestige in the global economy. Improvements will be seen in several macro-economic indicators such as GDP, import-export revenue, jobs, and State budget collection, he said, adding that Apple will help give a more modern and industrial look to localities. Apple’s shift of its … [Read more...] about Vietnam, a potential destination for Apple

Ganesan Ampalavanar, CEO of Nestlé Vietnam, addressing VEF 2019 On January 17, 2019, the Vietnam Economic Forum (VEF) 2019 took place in Hanoi and chaired by Prime Minister Nguyen Xuan Phuc and head of the Party Central Committee’s Economic Commission Nguyen Van Binh. At the general session and the high-level policy dialogue on “Private sector development and enhancing the linkages between domestic and FDI firms,” Ganesan Ampalavanar, CEO of Nestlé Vietnam agreed that Vietnam needs concerted efforts by numerous economic sectors, based on the principle of "Creating Shared Value." According to the state authority, the private sector has made great contributions to economic growth, which is forecasted to increase even further in the time coming. However, it is necessary to strengthen linkages and co-operation between the public and the private sector, as well as the domestic and foreign-invested enterprises. In the context of reviewing 30 years of FDI … [Read more...] about Nestlé Vietnam vows close co-operation with Vietnamese partners