"We need to stay consistent with the targets of keeping inflation in check, ensuring macro-economic stabilization as well as economic balances to secure sustainable growth. We need to create open mechanisms, and favorable financial and monetary policies with a focus on exports, boosting domestic consumption, and mobilizing more social resources,” he noted. … [Read more...] about PM calls for greater efforts to ensure disease control, economic development
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Lambert said the final strategic priority is better mobilisation of domestic capital markets. The passage of the new Securities Law in November 2019 was a good step as are recent regulatory changes that encourage companies to turn to the bond market instead of banks to fund long-term obligations. — VNS … [Read more...] about Vietnam needs new approaches to fund development: ADB expert
Recent figures by the Vietnam E-commerce Association show that global OTAs such as Agoda.com, Booking.com, Traveloka.com, and Expedia.com are holding 80 per cent of the nation’s market share. A large proportion of international visitors use services provided by foreign OTAs. Many local visitors have also used services provided by foreign OTAs. … [Read more...] about An internet economy: a golden treasure trove?
New York (VNA) – A 40-strong business delegation from the US will launch an investment promotion programme in Vietnam from March 3-6, aiming to expand trade and investment cooperation in the Southeast Asian country, according to an official from the US-ASEAN Business Council (USABC). In a meeting with Vietnamese Ambassador to the US Ha Kim Ngoc on February 25, USABC Chairman Alex Feldman said the delegation will hold many activities to interact with officials from the Vietnamese Government, ministries and sectors, and work with local businesses and partners. It will also practically contribute to celebrating the 25th anniversary of Vietnam-US diplomatic ties, he added. In recent times, the Vietnamese Embassy in the US has increased economic diplomatic activities to promote investment, trade and tourism cooperation between the two nations. The embassy recently coordinated with a delegation led by Deputy Minister of Agriculture and Rural Development Le Quoc Doanh to work with … [Read more...] about US firms eye stronger investment cooperation in Vietnam
Hanoi (VNA) – The Mekong Delta province of Bac Lieu should focus on its “spearheads” and review the building of the new-style rural areas to make it more people-oriented and develop well, Prime Minister Nguyen Xuan Phuc said on February 26. Speaking at a working session in Hanoi with key leaders of the province, PM Phuc also stressed that the province needs to develop quality rice strains and develop the agriculture model of the combination of the intensive cultivation of rice and shrimp which is its comparative advantage. For major projects in the locality, the leader ordered local authorities to quickly implement them and develop industrial zones so as to accelerate the shift of its economic structure, with attention paid to the protection of the environment. Regarding those on local and regional infrastructure projects, he asked the Ministry of Transport to announce the zoning for the development of road, railway, and waterway, as well as to prioritise important … [Read more...] about Bac Lieu should focus on spearheads for further development: PM