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Indian companies still maintain their great interest in Vietnam and continue to look for opportunities to realize investment projects and boost trade in this market, the consul general of India in HCMC said.
President of the US-ASEAN Trade Council Mathew P. Daley bet that in three years, the U.S. would become Vietnam’s largest single foreign investor.
An eight-member delegation of Global Alliance Partners (GAP) arrived in HCMC to sound out financial investment opportunities, especially in the infrastructure, manufacturing and agriculture sectors, the head of the organization said.
Many Italian industrial associations said they are ready to transfer technology to Vietnamese partners in the production of leather shoes, garments, wooden furniture and automatic machines at a round-table conference held in Italy’s northern Vigevano town
Authorities in the northern port city of Hai Phong, one of the important waterway hubs in the region, have been stridently promoting sustainable growth and protection of the environment in sea port areas, in a bid to turn the locality into a “green port city” by 2020.
South Korea will assist Vietnamese businesses to carry out projects to develop new support industry products in four fields including garment and textile, mechanical engineering, automobile, electricity and electronics this year.
The Ministry of Trade and Industry has asked the Government to allow coal exports to solve inventories, said an official with the ministry’s Power Department.
Vietnam’s geographical location in Asia, with good access to India, China and South East Asia, leaves it well-placed to trade with fast-growing neighbors, according to a forecast by UK-based bank HSBC.
The packaging industry is experiencing favorable growth thanks to its close relationship with export activities and such sectors as foodstuffs and consumer goods production which are experiencing improved performance, the Vietnam Economic News (VEN) reported on June 8.
The Ministry of Planning and Investment recently urged the prime minister and the State Bank to allow Singapore-based United Overseas Bank to become the seventh wholly foreign-owned bank in Vietnam.
The country’s tax revenues in the first five months of this year continued to grow despite reduction in tax collection from crude oil, according to the General Department of Taxation.
Vietnamese Minister of Education and Training Pham Vu Luan is on a working visit to France from June 4-9 with a hope of enhancing bilateral cooperation in the field.
