While Vietnam may be more well-known for its sizeable garment manufacturing capabilities, investors may be surprised to learn of the country's growing technical expertise.
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The southern province of Binh Duong is stepping up a gear to draw one billion USD in foreign direct investment (FDI) in well-equipped industrial parks next year.
President Truong Tan Sang on December 27 attended the opening ceremony of the fifth Da Lat Culture and Tourism Week in the Central Highland province of Lam Dong, praising the city for its beauty and hospitality.
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– Malaysia is expected to earn 27 billion USD from exports to the US this year, up 3.8 percent from 2012, while its imports will be worth 13 billion USD.
Vietnam’s exports are forecast to enjoy a good year in 2014 thanks to the country’s efforts to expand markets and new opportunities generated from trade deals that are expected to be concluded next year.
Vietnam can significantly increase export of garment and textiles if it joins bilateral free trade agreements and multilateral ones like the Trans-Pacific Partnership, but only if it can set up a robust supply chain.
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Local firms should focus on improving competitiveness in the quality of export products for the European Union (EU) market in the future, said a trade official.
A revised version of the Housing Law will soon allow foreigners and overseas Vietnamese to buy houses in Vietnam .
Vietnam would work towards building a trademark and also focus on trade promotion for the Vietnamese rice product exports, experts said.
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The construction material sector has seen a rebound in cement and ceramic tile production, while steel and brick production remained stagnant.
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