A seminar to discuss opportunities and challenges for Vietnamese businesses in joining the North-South high-speed railway project was held in Hanoi on November 19, attracting the participation of representatives from the Ministry of Transport and businesses.
Businesses need more support from the State to overcome obstacles in terms of capital, personnel, science and technology in order to promote green, sustainable production, insiders have said.
The Ministry of Industry and Trade has called for concerted solutions to maintain market stability, remove difficulties facing domestic firms, and increase the total retail sales of goods and services.
Industry was the fastest growing sector and the largest contributor to Vietnam’s export revenue over the last decade, making up roughly 30 percent of the annual GDP, Minister of Industry and Trade Tran Tuan Anh told the on-going 13th National Party Congress on January 28 morning.
Domestic firms in the southern province of Dong Nai are finding it hard to join the supply chain providing products to the support industry, according to the local People’s Committee.
Chairman of the People’s Committee of northern Bac Giang province Duong Van Thai has pledged to adopt measures easing difficulties faced by local businesses amid the complicated development of COVID-19 outbreak.
The merger and acquisition (M&A) scene in Vietnam has become increasingly active with more domestic firms setting up ties with global partners so their brands can reach global customers and develop domestically.
As much as 3.63 billion USD of foreign direct investment (FDI) capital was poured into Ho Chi Minh City in the first seven months of this year, an annual rise of 15.2 percent, according to the municipal People’s Committee.
The Hanoi Gift Show 2018 opened on October 17, attracting the participation of hundreds of foreign importers seeking cooperation opportunities with Vietnamese businesses.
The Hanoi Gift Show 2018 will take place in the capital city from October 17-20, the municipal Department of Industry and Trade told a press conference on October 11.
Very few domestic firms in support industries supply parts for FDI enterprises in the electronics industry, according to Nguyen Mai, President of the Vietnam Association of Foreign Invested Enterprises (VAFIE).
Domestic firms must prepare for more opportunities in the future as a new wave of Japan’s investment into Vietnam is expected to stem from Japanese small- and medium-sized enterprises (SMEs).
The average Tet (New Year) bonus of the upcoming lunar Year of the Dog will be about 10.9 percent higher than last year in Ho Chi Minh City, said Director of the city’s Department of Labour, Invalids and Social Affairs Le Minh Tan on December 29.
The southern industrial hub of Binh Duong reported 3,889 new firms in the January-September period, which pumped a total of 34.8 trillion VND (1.53 billion USD) in registered capital into the local economy.
The 2017 International Book Fair Vietnam will be held in Thong Nhat Park in Hanoi from August 23-27 with more than 80 booths showing 40,000 books titles from various domestic and seven foreign firms.
The need to bring about some degree of parity between foreign-invested and domestic firms while fostering increased linkages was highlighted at the Vietnam Business Forum held on June 16 in Hanoi.
The northern province of Bac Giang drew 77 investment projects with a combined registered capital of 1.455 million USD in the first five months of this year.
