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Binh Duong: FDI attraction picks up 19 percent

tangtruong1An additional 481 million USD in foreign direct investment (FDI) landed in the southern province of Binh Duong in Quarter I, representing a year-on-year increase of 19 percent.

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Russia and Vietnam reach agreement on duty-free exports

XNK9Russia and Vietnam have signed an agreement for the establishment of several assembly lines in Vietnam that will make Russian cars from imported vehicle kits and spare parts.

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ASEAN seek to expand cooperation with Norway

ASEAN10ASEAN countries’ Ambassadors to Norway discussed with Norwegian officials specific activities to enhance cooperation between the 10-member bloc and the North European country during a recent meeting in Oslo.

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Tanzanian-Vietnamese trade edges towards US$1 billion

AfricaTanzania is a gateway for Vietnamese goods to enter East Africa, while Vietnam is an entrypoint for Tanzanian goods into the ASEAN Economic Community. Thanks to these advantages, the two countries aim at increasing trade turnover to US$1 billion by 2020.

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Vietnamese toy market valued at $5 billion

Toy-Teddy bearWith the number of children aged 0-14 accounting for 40 percent of the population of 90 million and improved living standards, Vietnam has seen an increase in the world’s famous brands.

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Consumption tax hike needed

tangtruongHealth activists say special consumption taxes imposed on alcohol, beer and tobacco should be increased to improve community health and tackle the national budget deficit.

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VN to sustain rice exports despite failed crops

lua12With an additional 200,000ha to be planted in the Cửu Long (Mekong) Delta region, there will be enough rice for exports, according to the Cửu Long (Mekong) Delta Rice Research Institute.

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Localities urged to use vendor database

cosodulieuTo effectively utilise opportunities through free trade agreements (FTAs) provinces and cities should launch databases on foreign-invested enterprises and domestic suppliers to help domestic firms become suppliers of foreign counterparts.

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FDI projects on rise in Cần Thơ

AccountantCần Thơ last month issued a licence to South Korea’s Tae Kwang Vina Industrial for setting up a shoe production plant in its 2B Hưng Phú Industrial Park.

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Vietnam enjoys trade surplus with Canada

XNK5Vietnam got nearly $2.683 billion trade surplus with Canada last year, up 25.9 percent over the previous year, according to Statistics Canada.

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