And business

An overview of the meeting (Photo: VNA) Ca Mau (VNA) – Prime Minister Nguyen Xuan Phuc has suggested that the Mekong Delta province of Ca Mau focus on developing hi-tech business models, especially in tourism. Working with provincial leaders on December 11, the Government leader said that the province should consider science and technology as the key to integration and development, especially biotechnology and new technologies suitable to the locality’s conditions. It is necessary to strengthen e-commerce in agricultural trading and selling, he added. The PM lauded Ca Mau’s performance in agricultural development with growth higher than the country’s average, along with positive economic transformation and economic infrastructure expansion, especially rural transportation system. He reminded the province to concentrate on environmental protection and natural disaster prevention and control, with special attention to forest development. He also asked the … [Read more...] about Ca Mau should develop more hi-tech business models: PM

  Deputy Prime Minister Vương Đình Huệ (left) meets Russian Deputy Prime Minister Dmitry Kozak in Moscow on Tuesday. — VNA/VNS Photo Duy Trinh MOSCOW — The Russian Government always supports its businesses in increasing cooperation with Việt Nam, especially in the fields of oil and gas and energy, according to Russian Deputy Prime Minister Dmitry Kozak. He said during discussions with his Vietnamese counterpart Vương Đình Huệ in Moscow on Tuesday, held in the framework of an official visit by Vietnamese National Assembly Chairwoman Nguyễn Thị Kim Ngân. The two Deputy PMs shared the assessment that bilateral economic, trade and investment ties have recorded positive development recently, with two-way trade value reaching US$4.5 billion in 2018 and $3.77 billion in the first 10 months this year, and new investment projects launched. … [Read more...] about Russia supports businesses in cooperation with Việt Nam: Deputy PM Kozak

  A view of the meeting for businesses from Việt Nam and China’s Chongqing Province was held in Hà Nội on Tuesday. VNA/VNS Photo Đức Dũng HÀ NỘI – A meeting for businesses from Việt Nam and China’s Chongqing Province was held in Hà Nội on Tuesday to discuss investment opportunities and seek for partners in many fields. They included technology, refrigeration mechanics, motorbike manufacturing, electronics and metallurgy. Speaking at the event organised by the Ministry of Industry and Trade’s Centre for Industry and Trade Information and Chongqing provincial authorities, Vice Chairman of the Vietnam Association of Foreign-Invested Enterprises Nguyễn Văn Toàn said China was one of the pioneering countries in terms of smart industry and Industry 4.0 technology with widespread 5G development.  Việt Nam welcomes Chinese and Chongqing provincial firms to explore … [Read more...] about Vietnamese, Chongqing firms seek for business opportunities

The Asian Development Bank (ADB) has trimmed its forecasts for economic growth in developing Asia this year and next year as growth in the People’s Republic of China (PRC) and India is weighed down by both external and domestic factors. While growth rates are still solid in developing Asia, persistent trade tensions have taken a toll on the region and are still the biggest risk to the longer-term economic outlook. Domestic investment is also weakening in many countries, as business sentiment has declined,” said ADB Chief Economist Mr. Yasuyuki Sawada. “Inflation, on the other hand, is ticking up on the back of higher food prices, as African swine fever has raised pork prices significantly.” In East Asia, growth in the PRC is now expected at 6.1 percent this year and 5.8 percent next year due to trade tensions and a slowdown in global activity coupled with weaker domestic demand, with family wallets being hit by pork prices that have doubled relative to a year … [Read more...] about ADB adjusts Vietnam’s growth to 6.8 percent by 2020

Cashless payments would not only increase of the circulation of capital, it would also help boost the internet economy, said Deputy Prime Minister Vu Duc Dam. Deputy Prime Minister Vu Duc Dam speaks at the forum. He was speaking at the E-payment Eco-system Development Forum 2019 under the theme “Motivation by Chip Technology” in Ha Noi on Tuesday. The forum was co-organised by Thoi bao Kinh te Viet Nam (Viet Nam Economic Times) and the National Payment Corporation of Viet Nam (NAPAS). The Southeast Asian economy was dynamic with an internet economy of US$100 billion that was expected to triple in the next five years,” said Dam. In order to promote the internet economy, a consensus was needed between State agencies, enterprises and banks, he said. Infrastructure must be changed at a cost but it would be worthwhile for economic efficiency in the long run, he said. Technology had to be promoted to integrate information, including personal, health insurance and … [Read more...] about Promoting cashless payments to boost internet economy in Vietnam