Chief negotiator Phan The Rue of Vietnam has expressed his strong belief that the recently signed Vietnam-Japan Economic Partnership Agreement (VJEPA) will boost bilateral trade and investments.
Mr Rue said the VJEPA meets the regional motto “Strategic Partnership for Peace and Prosperity in Asia”.
Robusta coffee posted its first annual decline since 2003 in London on speculation that increased production from growers in Asia and Africa will outpace consumption.
The German firm Bosch has set up a 100% foreign owned branch in Vietnam and also broke ground for the high tech automobile power line manufacturing plant with a total estimated cost of 55 million euro in Long Thanh Industrial Zone of Dong Nai southern province.
After successfully building and launching the Vinashin Southern 6 ship with the tonnage of 20,000 tonnes, Cam Ranh Shipbuilding Factory (Nha Trang Shipbuilding Industry Co) under the Viet Nam Shipbuilding Industry Group (Vinashin) recently signed two contracts worth US$60 million with Vinashin’s Oil and Gas Transportation and Investment Joint Stock Co and the Southern Shipbuilding Industry Investment and Development Co to build two new big ships with the tonnage of 20,000 tonnes and 22,500 tonnes.
The local ICT distribution market is expected to remain unchanged once foreign producers arrive through online transactions and fully-owned distribution outlet chains from this year.
VIB Forum reporter has an interview with Ms Bui Thi Hong Lien - General Director of FPT - FPT Software Joint Stock Company on the achievements as well as development orientation of the company.
Could you please introduce FPT Software? Which do you think is the decisive factor to the success of a company providing the programming service?
On the occasion of the study-tour and market survey to Viet Nam by the delegation of eight Indian businesses during December 22-25, Rajeev Garg, President of Indian Chamber of Commerce and Industry (InCham), talked with the press about the bilateral trade and investment cooperation.
MobiFone officially announced the final phase of the implementation of the program, in which the accounts of pre-paid subscribers are doubled when they add credit to their accounts, in 5 days time from 25th to 29th of December 2008.
Vietnam’s authorities are upbeat about the nation’s growing foreign direct investment capital attractiveness in a tough 2009 despite the global turmoil.
Phan Huu Thang, general director of the Ministry of Planning and Investment’s Foreign Investment Agency (FIA), referred to a list of more than 50 foreign-invested projects with a combined investment capital of $100 billion, which were under negotiations in terms of investment conditions.
Foreign investors still consider Viet Nam a safe destination for their business and have poured approximately US$64 billion into the country despite the global financial crisis.
The General Statistics Office (GSO) held a press conference in Hanoi on December 31 to announce major socio-economic figures of 2008.
GSO General Director Nguyen Duc Hoa said that Vietnam achieved a GDP growth rate of 6.23 percent this year, which remains a big achievement for the country in the context of the global financial crisis. This created favourable conditions for the country to maintain political stability and ensure social orders.
The Viet Nam Post and Telecommunications Group (VNPT) on December 29 announced its revenue of over US$3 billion in 2008, up 17.5% on year.
In 2008, the group contributed VND6.85 trillion (US$401.2 million) to state budget and reported more than 20.2 new telephone users.
Global Trade Initiatives, a well know international sourcing and manufacturing company, today, December 31st, launched a new sourcing company “Sourcing in Vietnam” in Ho Chi Minh City.
The new company aims to cater to foreign businesses looking to purchase products manufactured in Viet Nam, a country that many times previously was overlooked in favor of China and other Asian countries.
The State-owned Viet Nam Coal and Mineral Industry Group (Vinacomin) has begun to dredge some lakes in the northern province of Quang Ninh that have been polluted because of illegal coal mining in their vicinity.
The international railway route between Hanoi (Viet Nam) and Nanning (China) will open as of January 1, 2009, according to the Viet Nam Railway Corporation (VRC).
