Why is competitiveness important for economic growth

Prime Minister Nguyen Xuan Phuc (front, centre) takes a photo with the Keidanren delegation. (Photo: VNA) Hanoi (VNA) – The impressive results of cooperation in trade and investment between Vietnam and Japan in recent years were greatly contributed by the Japan-Vietnam Economic Committee under the Japan Business Federation (Keidanren), said Prime Minister Nguyen Xuan Phuc. While receiving a Keidanren delegation in Hanoi on December 12, PM Phuc also hailed the role of the co-chairmen in the Vietnam-Japan Joint Initiative which addressed many issues, contributing to the improvement of the investment environment and attraction of more Japanese businesses to Vietnam. The PM hoped Japanese investors will rise to the top place in Vietnam, and the bilateral cooperation within the framework of the initiative will be lifted to a new height, not only dealing with recommendations raised by Japanese enterprises, but also improving state management. He added that Vietnam always supports … [Read more...] about PM hails contributions by Japan-Vietnam Economic Committee

Prime Minister Nguyen Xuan Phuc (R) and Cuban Minister of Justice Oscar Manuel Silveira Martínez (Photo: VNA) Hanoi (VNA) – The Vietnamese Government always supports the cooperation activities between Vietnam and Cuba’s justice ministries, Prime Minister Nguyen Xuan Phuc told Cuban Minister of Justice Oscar Manuel Silveira Martínez at a reception in Hanoi on December 12. He believed that stronger cooperation between the two ministries will contribute to promoting the traditional solidarity and comprehensive collaboration between Vietnam and Cuba. The Cuban minister told the PM that he had successful talks with his Vietnamese counterpart, during which the two sides agreed to strengthen cooperation in personnel training and computerisation.  He said the valuable experience of Vietnam will help Cuba a lot in the field of justice. PM Phuc said he was glad Cuba adopted a new Constitution with important points that strengthen the leadership of the … [Read more...] about Prime Minister hosts Cuban Minister of Justice

A delegation of Vietnam attended the Concluding Senior Officials’ Meeting (CSOM) of the Asia-Pacific Economic Cooperation (APEC), which took place in Port Moresby, Papua New Guinea on November 12-13 (Photo: vtv.vn)   Hanoi (VNA) – A delegation of Vietnam attended the Concluding Senior Officials’ Meeting (CSOM) of the Asia-Pacific Economic Cooperation (APEC), which took place in Port Moresby, Papua New Guinea on November 12-13. The delegation, comprising of officials of the Ministry of Foreign Affairs and the Ministry Industry and Trade, actively participated in discussions and made various contributions to the compilation of dossiers for the 30th meeting of APEC ministers of foreign affairs and economy. The CSOM is the first event of the 26th APEC Economic Leaders’ Week, which runs through November 18. At the CSOM, APEC senior officials spoke highly of the 2017 APEC Economic Leaders’ Week in Da Nang city of Vietnam for maintaining the momentum of … [Read more...] about Vietnam takes part in 2018 APEC CSOM in Papua New Guinea

Standing Deputy Prime Minister Truong Hoa Binh (L) and Cambodia’s Deputy Prime Minister and Minister of National Assembly-Senate Relations and Inspection Men Sam An. (Source: VGP) Phnom Penh (VNA) – Standing Deputy Prime Minister Truong Hoa Binh is making a working visit to Cambodia on December 12-13 at the invitation of Cambodia’s Deputy Prime Minister and Minister of National Assembly-Senate Relations and Inspection Men Sam An. Deputy PM Binh and his Cambodian counterpart Men Sam An held talks on December 12, during which the two sides informed each other on the socio-economic situations in their respective countries. The two Deputy PMs agreed to continue working to strengthen and deepen the ties between the two countries under the motto of “good neighbours, traditional friendship, comprehensive, sustainable and long-term cooperation” on the basis of mutual trust, respect, equality and mutual benefits. They vowed to maintain visits … [Read more...] about Deputy PM Truong Hoa Binh visits Cambodia

Illustrative image (Source: VNA) Hanoi (VNA) – Vietnam’s foreign trade turnover is likely to surpass 500 billion USD in 2019, Deputy Minister of Industry and Trade Do Thang Hai said at a press conference in Hanoi on December 12. The total import-export turnover in January-November was estimated at 472 billion USD, he noted. In the 11-month period, Vietnam exported 241.7 billion USD worth of goods, a year-on-year rise of 7.9 percent. The country spent 230.7 billion USD on imports, up 6.6 percent from the same period last year. Hai said these outcomes were achieved in the context of sluggish global economy due to increasing risks, challenges, and trade protectionism. Despites difficulties in 2019, the Vietnamese Government and ministries have spared no effort to simplify administrative and investment procedures, said Nguyen Cam Trang, deputy head of the Import-Export Department under the Ministry of Industry and Trade (MoIT). To date, Vietnam has joined negotiation and … [Read more...] about Vietnam’s foreign trade to exceed 500 billion USD in 2019