Despite the European Commission having given Vietnam’s seafood industry a ‘yellow card’ in October - a warning to countries involved in illegal fishing - Vietnamese seafood exporters believe they can have the decision revoked, and avoid a more serious ‘red card.’
To attract investment in the renewable energy sector, the Ministry of Industry and Trade has confirmed that a mechanism to allow businesses to buy power at competitive prices from renewable energy generators will be piloted in 2018.
Duong Viet Roan, director of the Thang Long Project Management Unit under the Ministry of Transportation (MoT) said that construction units proposed to break ground sooner than the terms of the contract in order to speed up the cutting and removal of trees on Pham Van Dong Road.
Việt Nam always creates favourable conditions for foreign investors, including those from Egypt, in their investment activities in the nation, Vietnamese Ambassador to Egypt Đỗ Hoàng Long has said.
Despite important trade agreements and commercial commitments between Việt Nam and China, local enterprises are not reaping expected gains. Phạm Sỹ Thành, Director of the China Economic Research Programme at the Vietnam Centre for Economics and Policy Research, explainsed the situation.
The government, ministries and local authorities have undertaken many reforms in the past year to remove obstacles facing businesses to help them cut costs, but more efforts are needed next year as enterprises are still facing numerous hurdles.
Deputy Prime Minister Trinh Dinh Dung received Chairman of the Myanmar – Vietnam Friendship Association U Tint Swai in Hanoi on December 20, asking the two countries’ friendship organisations to step up their coordination and people-to-people exchanges.
A draft amendment of the Ministry of Science and Technology’s Circular 23 on the required quality of used machine imports has come under fire for not amending the ‘rigid regulations’ which place difficulties on enterprises.
The Vietnam-EAEU free trade agreement has given a boost to Belarus-Vietnam trade and economic cooperation, Ambassador Extraordinary and Plenipotentiary of Vietnam to Belarus Le Anh noted at an event to sum up the Belarus-Vietnam interaction in 2017 in the House of Friendship on 20 December, BelTA informs.
Despite market fluctuations, Vietnam's export revenue in 2017 is predicted to reach all time high of over US$212 billion which is also much higher than the revenue of US$176 billion posted in 2016, said Duong Duy Khuong, Director of the Planning Department under the Ministry of Industry and Trade (MoIT).
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