Secretary of the Da Nang Party Committee Truong Quang Nghia (R) presents a gift to Chairman Bounpone Sisoulath of the Lao National Assembly’s Economic, Technology and Environment Committee at the meeting on December 10 (Photo: VNA) Da Nang (VNA) – A delegation of the Lao National Assembly’s Economic, Technology and Environment Committee led by the committee’s Chairman Bounpone Sisoulath had a working session with the Party Committee of the central city of Da Nang on December 10. At the meeting, Secretary of the Da Nang Party Committee Truong Quang Nghia said Da Nang’s location in the East-West Economic Corridor is convenient for the city to develop trade with Laos. He asked Chairman Bounpone Sisoulath to propose the Lao NA and Government continue developing the East-West Economic Corridor, thus facilitating the trade of industrial and agricultural products between Vietnam’s central provinces and Laos’s … [Read more...] about Lao National Assembly delegation visits Da Nang
Local industry
Vietnamese, Chongqing firms explore business opportunities
At the event (Photo: VNA) Hanoi (VNA) – A meeting was held in Hanoi on December 10 for businesses from Vietnam and China’s Chongqing province to discuss investment opportunities in the fields of refrigeration mechanics, motorbike manufacturing, electronics and metallurgy. Speaking at the event, Vice Chairman of the Vietnam Association of Foreign-Invested Enterprises Nguyen Van Toan said two-way trade between Vietnam and China topped 106 billion USD last year. Vietnam mostly imported equipment and materials used for textile, garment and footwear from China. He hailed China as one of the pioneering countries in terms of smart industry and 4.0 technology with widespread 5G development. Vietnam welcomes Chinese and Chongqing provincial firms to explore business opportunities in the country, he said. He also called on the two countries’ enterprises to tap trade opportunities, thus boosting bilateral economic and trade ties. Vice Director of … [Read more...] about Vietnamese, Chongqing firms explore business opportunities
Vĩnh Phúc emerges as an attractive investment destination
Vĩnh Phúc has planned to develop a total of 50 industrial parks and clusters, covering a total area of more than 5,890ha. Photo banqlkcn.vinhphuc.gov.vn HÀ NỘI — The northern province of Vĩnh Phúc has become popular among domestic and foreign investors thanks to its breakthrough on socio-economic development, favourable location, young population and abundant labour force and a high proportion of trained workers. Located close to Hà Nội, Vĩnh Phúc has to date attracted 752 domestically-invested projects with a total registered capital of more than VNĐ78 trillion (US$3.34 billion). It has also lured 378 foreign-financed projects worth more than $5 billion. These impressive results are attributable to the province’s endless efforts to improve its investment climate and to facilitate investors to solve challenges to implement their projects in a timely manner. In the past, … [Read more...] about Vĩnh Phúc emerges as an attractive investment destination