Under the resolution, the country will aim to attract foreign investment in a selective manner, focusing on quality, efficiency, technology and environmental protection. Priority will be given to foreign direct investment (FDI) projects that use advanced technology and modern management with high added value, bringing spillover effects to Vietnamese enterprises, especially small and medium-sized enterprises; and the projects must be able to connect to the global production and supply chain. … [Read more...] about Can Vietnam could take advantage of new foreign investment strategies?
Association of foreign investors in real estate
Hanoi (VNA) – Learning of the August 4 explosion in Beirut, the Foreign Ministers of the Association of Southeast Asian Nations (ASEAN) on August 9 issued a statement on the incident, at a proposal of Vietnam. In the statement, the ministers expressed sympathies and condolences to the government and people of Lebanon, as well as the families of the victims. They also affirmed solidarity with Lebanon and hope the country’s government and people will soon overcome and settle the consequences of the incident. The minister reaffirmed the commitment of providing consular support to the citizens of the ASEAN member states in Lebanon, in line with the existing agreements of the bloc./. … [Read more...] about ASEAN Foreign Ministers issue statement on Lebanon explosion
As the US-China relationship has become worse and the trade war escalated, there have been many discussions in the US and other countries on how to ease reliance on Chinese economy and the companies from China. Nikkei reported that the Japanese government would prop up 70 billion yen to Japanese enterprises in this campaign. Prior to that, it also provided grants of 243.5 billion last April to help Japanese enterprises ease the reliance on China. … [Read more...] about Strategies for new FDI trends in Vietnam
Hanoi (VNA) - Top leaders of Vietnam have extended congratulations to leaders of Singapore on the country’s 55th National Day (August 9). Party General Secretary and State President Nguyen Phu Trong sent a letter of congratulations to Singaporean President Halimah Yacob. Prime Minister Nguyen Xuan Phuc extended congratulations to his Singaporean counterpart Lee Hsien Loong. On the occasion, Deputy Prime Minister and Minister of Foreign Affairs Pham Binh Minh congratulated Singaporean Minister for Foreign Affairs Vivian Balakrishnan. Vietnam and Singapore officially set up diplomatic ties on August 1, 1973. Singapore has emerged as the biggest foreign investor in Vietnam in the first four months of 2020 with 5.07 billion USD, accounting for 41 percent of the total./. … [Read more...] about Congratulations to Singapore on National Day
Bangkok (VNA) – Thai Deputy Prime Minister and Commerce Minister Jurin Laksanawisit has pledged to speed up adjustment of the country’s rice strategy as quickly as possible as the industry is facing an array of challenges, including a strong baht and rising production costs. Local media quoted the official as saying after presiding over a recent Thai hom mali fragrant rice fair that rice exports have fared poorly since the beginning of last year because of foreign exchange swings and the ascendant baht, making Thai rice more expensive than competing grains. The country’s Ministry of Commerce is pursuing a rice strategy to improve competitiveness, covering all systems including marketing, cultivation and R&D of new rice varieties, Jurin said, noting that it is also working to find ways to reduce production costs for farmers to make Thai rice more affordable. He added it is promoting seven rice products and seed development as part of a marketing-led … [Read more...] about Thailand adjusts rice strategy to improve competitiveness