The Management Board of the Saigon High-Tech Park, on October 28, collaborated with the Department of Industry and Trade of Ho Chi Minh City to organize the signing ceremony of a regional association agreement on the development of a network of supporting industry products with Long An, Binh Duong, Dong Nai, and Ba Ria - Vung Tau provinces.
Vietnam and Japan are entering new horizons for further bilateral investment ties, with the former becoming a key market for the latter’s businesses to shore up their supply chains overseas.
Five Vietnamese wood associations have met in Hanoi to examine the risks in the timber trade in the midst of a US investigation into the sources of Vietnam’s exported wood products.
The Eurasian Times has recently published an article on Vietnam’s success in attracting foreign direct investment (FDI), saying the Southeast Asian nation has emerged an FDI hub in Asia.
ASEAN Today, a website based in Singapore, on October 26 ran an article entitled “Vietnam launded for efforts to combat illegal fishing”, hailing the country’s efforts in this sphere.
Along with tariff incentives brought about by the implementation of the EU-Vietnam (EVFTA), local businesses have been advised to enhance their capacity to join new supply chains as a means of fully tapping into opportunities presented by the trade pact, according to insiders.
The nation’s exports to the ASEAN market this year are expected to reach US$23.6 billion, while the average growth rate for the 2016 to 2020 period is predicted to witness a low level of growth at 5.26%, according to the latest report released by the Ministry of Industry and Trade (MoIT).
The European Chamber of Commerce in Vietnam (EuroCham) and the Vietnam Chamber of Commerce and Industry (VCCI) jointly announced the founding of the EU-Vietnam Business Council (EVBC) at a ceremony in Hanoi on October 22.
China (Hong Kong) and the United States remain the two largest export markets for Vietnamese tra fish, with their market shares accounting for more than 50% of the total export value of local tra fish to 133 foreign markets, according to figures released by the Vietnam Association of Seafood Exporters and Producers (VASEP).
There is huge potential for co-operation with Việt Nam in sectors like hospitality, healthcare, pharmaceuticals, infrastructure development, energy, service, IT, mining, and agriculture, a senior Indian foreign affairs official has said.
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