After finishing construction of a factory that makes plastic materials, Hung Phat Co, Ltd of HCM City's Binh Tan district has quickly imported modern machines to expand production.
The southern province of Dong Nai will offer incentives to attract enterprises and co-operatives to invest in large-scale fields.
Vietnam and the European Union (EU) will push ahead with the review of legal documents towards the signing and application of their bilateral free trade agreement (EVFTA) in 2018.
Singapore’s Temasek wants to step up investments in Vietnam and seek partnerships in finance, hi-tech, consumer goods and healthcare.
Asian garment manufacturers are signaling concern about disproportionate benefits for Vietnam over regional rivals in the textile sector as a result of its major trade deals, including the U.S.-led Trans-Pacific Partnership and a free trade agreement with the European Union.
The rapid growth of Vietnam’s export-oriented manufacturing sector has boosted demand for logistics services. However, the local logistics sector has largely failed to fully meet demand. As a result, many enterprises are now looking for the opportunities to join the sector.
The renovation initiated and led by the Party has created a bright socio-economic picture for the country.
A more transparent legal framework as well as additional incentive policies are needed to attract investment in wastewater treatment projects in HCM City, especially under the mode of Private-Public Partnerships (PPP), city authorities have said.
Industries thriving due to free trade agreements (FTAs) should seek foreign investment to develop domestic suppliers of parts or materials for manufacturing, experts said.
Prime Minister Nguyen Tan Dung suggested Cabinet members raise the national GDP growth rate target from 6.7 percent to 7 percent in 2016.
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