Hong Kong Trade Development Council (HKTDC) has announced that it will send two business delegations to Vietnam, from now until January 2018, to seek investment opportunities in the country.
With support from the Swiss State Secretariat for Economic Affairs (SECO), the World Bank Group (WBG) together with the State Bank of Vietnam (SBV) took another important step towards resolving bad debts with an international workshop in Hanoi on September 26.
The ASEAN’s emergence as an important trade ally of New Zealand is well known. However, trade between the two regions as a share of NZ’s total trade has remained fairly stagnant over the last decade.
Low supplies boosted rice prices in Vietnam this week amid prospects of fresh purchase interest from the Philippines, while deals with Bangladesh remained the sole bright spot for the otherwise subdued demand in top Asian exporters.
At the meeting, Deputy Director General of Vietnam Customs Hoang Viet Cuong welcomed the delegation of leaders and experts of the EU-ASEAN Business Council and representatives of EuroCham in Vietnam to visit and discuss contents about Customs operations.
On October 12, representatives of Vingroup and Bosch Vietnam signed the memorandum of understanding (MoU), marking an important milestone between the two parties, according to information published on Vingroup’s website.
Recently, Techcombank has approved the main contract and other transaction documents related to the sale of a 100-per-cent stake in Techcom Finance. The prospective acquirer is Lotte Card, a subsidiary of Lotte Group.
The transport sector is key to enhancing trade and tourism in the region, and the Association of South-east Asian Nations (Asean) should enhance connectivity between member countries to drive growth.
Amidst more flexible international and regional FDI inflows, Vietnam needs to innovate strongly in order to be effective in tapping this source of capital to serve the purpose of reforming the growth model and restructuring the economy, experts have said.
Data from the General Department of Vietnam Customs show that from the beginning of 2017 to mid-August, total value of foreign trade reached about US$250 billion.
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