Italy to realise deals from Vietnam visit
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Prime Minister Matteo Renzi has pledged that Italy will work hard to realise the agreements reached during his Vietnam visit, especially on trade and investment.
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Prime Minister Matteo Renzi has pledged that Italy will work hard to realise the agreements reached during his Vietnam visit, especially on trade and investment.
Writing on the blog of the World Economic Forum on May 23, Prime Minister Nguyen Tan Dung stressed the role of foreign direct investment in Vietnam's economy, reaffirming that FDI enterprises' success is taken as Vietnam's own. Following is the full text of his article.
Measures to reverse the dwindling attraction of foreign direct investment (FDI) into agriculture was the focus of a seminar in Hanoi on May 19 held by the Ministry of Agriculture and Rural Development (MARD).
Prime Minister Nguyen Tan Dung has approved a list of 127 national projects calling for foreign investment until 2020.
Party General Secretary Nguyen Phu Trong has expressed hope that Vietnam and Morocco will come up with sound policies to facilitate two-way investment and trade cooperation.
Though foreign direct investment (FDI) capital declined in the first quarter of the year, economists say Vietnam is benefitting from the shifting of FDI trends, especially from multinational corporations (MNCs).
Potential investors should consider Vietnam as a place to invest in, particularly in manufacturing operations, said Dr. Ahmad Mohd Magad, Vice President of the ASEAN Business Group under the Singapore Manufacturing Federation (SMF).
Businesses are eyeing real estate, securities, pharmaceuticals, and exports as the most attractive investment fields in 2014.
Vietnam attracted nearly US$22 billion in foreign investment in 2013, the highest figure since 2008, according to statistics from the Ministry of Planning and Investment (MPI)'s Foreign Investment Agency.
The Government has committed to undertaking economic restructuring in 2014, focusing on investment, credit organizations, the financial market, SOEs, agriculture and rural areas, industry and service.
Party General Secretary Nguyen Phu Trong has urged Vietnam and Cuba to seek more practical and effective co-operation to put the two countries' economic, trade and investment links on par with their political ties.
PM Nguyen Tan Dung and his Cambodian counterpart Hun Sen attended the 4th Viet Nam-Cambodia Investment Promotion Conference in Phnom Penh, Cambodia on January 13.
Despite 2013's economic difficulties, Vietnam attracted more than US$21 billion in registered foreign direct investment (FDI), a 54.5% improvement on 2012. But experts warn the country risks lagging behind without stronger efforts at reform.
Deputy Prime Minister Nguyen Xuan Phuc has said there is a need for stronger efforts in administrative reforms in investment, construction and land, reducing intermediate stages and creating favourable conditions for both locals and enterprises.
The economy of Vietnam expanded by 5.42% in 2013, with one fifth of GDP contributed by foreign-invested companies. With pledges totalling US$21.6 billion, foreign direct investment (FDI) in 2013 far exceeded the estimate of US$13-14 billion.
Vietnam created a breakthrough in attracting foreign direct investment (FDI) in the first 11 months of 2013, contributing to affirming attractiveness of the country's investment environment and efforts in the improving its environment.
Namibian President Hifikepunye Pohamba's November 18-20 visit to Vietnam affirms the African country's wish to foster cooperation with Vietnam, especially in investment, trade, agro-forestry, seafood, education and aviation.
European businesses and entrepreneurs want to increase their investment in Vietnam, particularly in the tourism, agri-business and manufactured goods sectors, according to a senior European Commission (EC) official.
Prime Minister Nguyen Tan Dung highlighted Vietnam's desire to strengthen ties with the EU - particularly in economics, trade, investment and tourism - at a reception for a top European Commission official in Hanoi on November 13.
Vietnam and Kazakhstan have committed to enhancing cooperation in various areas ranging from politics to economics, trade, industry, customs, judiciary, investment, culture, sports, tourism and aviation.
A conference themed "Vietnam - a new strategic partner of France in Asia" was held in Paris on November 5 to introduce the investment environment in Vietnam.
The index of industrial production (IIP) saw a 5.4% year-on-year increase in the January-October period, according to the Ministry of Planning and Investment.
Viet Nam has attracted US$19.2 billion in direct foreign investment (FDI) so far this year, up 65.5% from a year earlier, according to the General Statistics Office (GSO).
The second phase of the Vietnam-Finland Innovation Partnership Programme (IPP) has received a total investment pledge of 10 million euros for efforts aimed at fostering innovation activities in Vietnam from 2014-2018.
Vietnam Prime Minister Nguyen Tan Dung has called for improved co-operation with Malaysia in economics, trade, investment, tourism, education and training.
