VSIP – an effective cooperation model between Vietnam and Singapore

VSIP – an effective cooperation model between Vietnam and Singapore

9/29/2015 - 15:15

(VOVworld) – Over the years, economic cooperation between Vietnam and Singapore has benefited both countries. Established 20 years ago, the Vietnam Singapore Industrial Park (VSIP) has been a successful joint venture model. At a groundbreaking ceremony for a VSIP project in Nghe An province on September 16th, Prime Minister Nguyen Tan Dung praised the flagship role of the VSIP model...

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Vietnam promotes overseas investment

Vietnam promotes overseas investment

9/24/2015 - 14:40

(VOVworld)- In recent years, Vietnam’s overseas direct investment has increased. Vietnamese enterprises have expanded their markets contributing greatly to national growth and raising Vietnam’s prestige in international economic integration.

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Craft villages in the process of international integration

Craft villages in the process of international integration

9/16/2015 - 9:04

(VOVworld) – Vietnam has many traditional craft villages which for years, have contributed to the national economy. In the current international integration, Vietnam’s craft village economy is likely to enjoy many development opportunities, but at the same time face numerous challenges.

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Vietnam’s garments and textiles sector prepares for integration

 Vietnam’s garments and textiles sector prepares for integration

9/8/2015 - 18:53

(VOVworld) – Vietnam is about to sign some important trade deals including the Trans Pacific Partnership, the EU-Vietnam Trade Agreement, the Vietnam-Korea Free Trade Agreement, and has already signed an economic agreement with the Eurasian Economic Union. To gain the maximum benefit from these deals, Vietnam’s garments and textiles sector has put forward plans to grasp the opportunity and maintain...

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Vietnamese enterprises seek opportunities in Czech market

Vietnamese enterprises seek opportunities in Czech market

9/1/2015 - 16:49

(VOVworld) – Trade relations between Vietnam and the Czech Republic have been enhanced since 2012 when Vietnam was listed as one of 12 priority markets in Czech’s national export strategy until 2020. Businesses of both nations have increased cooperation in trade and investment, particularly in exports of garments, textiles, and footwear.

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HCMC – an ideal destination for Japanese investors

HCMC – an ideal destination for Japanese investors

8/27/2015 - 15:37

(VOVworld) –With 800 projects worth 2.7 billion USD, Japan is the 6th biggest foreign investor in Ho Chi Minh City. The figure is expected to rise in the future because Ho Chi Minh City is considered an ideal destination for Japanese investors.

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Spillover effects from Bank-Business Connection program in HCMC

Spillover effects from Bank-Business Connection program in HCMC

8/18/2015 - 15:53

(VOVworld) – A program connecting banks and businesses was launched in Ho Chi Minh City 3 years ago to provide low interest loans to enterprises. It has enabled local businesses to maintain stable production and business growth. The State Bank of Vietnam intends to duplicate the program nationwide.

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Vietnam’s M&A waiting for a new boom

Vietnam’s M&A waiting for a new boom

8/11/2015 - 16:05

(VOVworld) – Vietnam has witnessed dynamic mergers and acquisitions in both domestic and foreign firms of all sizes. The rapid growth comes from opportunities created by trade agreements with other countries and Vietnam’s new policies to increase foreign ownership in Vietnamese enterprises and allow foreigners to buy houses in Vietnam.

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Vietnamese enterprises under pressure of import tariff cut from ASEAN

Vietnamese enterprises under pressure of import tariff cut from ASEAN

8/4/2015 - 14:57

(VOVworld) – By the end of this year, the ASEAN Economic Community (AEC) is scheduled to take shape under which the tariffs of many items will be removed or slashed to 5%. In less than 3 years, 97% of goods imported from ASEAN members will be exempted from duty. This will create both opportunities and challenges for Vietnamese businesses.

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Level playing field needed for Vietnamese enterprises to integrate

Level playing field needed for Vietnamese enterprises to integrate

7/28/2015 - 17:03

(VOVworld) - A number of Vietnam’s multilateral and bilateral free trade agreements with other countries have taken effect, which has impacted Vietnam’s economy, businesses, and people. Vietnam will likely sign more trade deals, like the Trans-Pacific Partnership and the EU-Vietnam free trade agreement, with even more commitments to open its market. Vietnamese enterprises can grow only if they learn to...

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FTAs and opportunities for Vietnam’s market restructuring

FTAs and opportunities for Vietnam’s market restructuring

7/21/2015 - 17:08

(VOVworld) – Vietnam has proven that it is fully integrating internationally by a series of free trade agreements that have been signed or will be signed in the near future. Although Vietnamese enterprises face many challenges and many things need to be done to take advantage of the trade deals, this is a great opportunity for Vietnam to restructure its...

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Vietnamese economy in 1st half of 2015 creates stable growth momentum

Vietnamese economy in 1st half of 2015 creates stable growth momentum

7/14/2015 - 16:42

(VOVworld) – The Vietnamese economy witnessed positive changes in the first half of the year in which GDP increased nearly 6.3% against the same period last year. It’s also the highest rate since 2011. It’s predicted that Vietnam will face more challenges during the remaining months but the outcome might be a boost for businesses and foreign investors.

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Important steps in the development of Vietnam-US economic relations

Important steps in the development of Vietnam-US economic relations

7/11/2015 - 8:42

(VOVworld) – In the 20 years since the normalization of diplomatic relations, Vietnam-US relations have greatly expanded, particularly in economics, trade, and investment. Two-way trade has increased to the point where the US is Vietnam’s biggest export market.

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EU-Vietnam FTA: turning challenges into development opportunities

EU-Vietnam FTA: turning challenges into development opportunities

7/8/2015 - 9:22

(VOVworld) – The EU-Vietnam free trade agreement is in the negotiation stage and likely to be signed this year, promising many opportunities for Vietnam in tax slashing, commercial advantages, investment attraction, and market expansion. In addition to benefits will come challenges which both the Vietnamese government and businesses should pay more attention to and make necessary changes in regulations, policies,...

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2014 Enterprise Law to create transparent environment for businesses

2014 Enterprise Law to create transparent environment for businesses

7/1/2015 - 12:06

(VOVworld) – The revised Enterprise Law will officially take effect on July 1st under which timelines will be slashed to 3 days instead of 5 to 10 days in the past. Facilitating favorable conditions for individuals and enterprises to register business licensing will boost Vietnam’s economy.

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5/4/2016

12°C

5/5/2016

12°C 19°C

Currency Buy Sell
USD 22,260 22,330
JPY 187 191
EUR 24,669 24,964
GBP 32,242 32,760
CNY 3,274 3,311

Wednesday April 27, 2016

Wednesday April 27, 2016

(VOVworld) - Although it’s the beginning of summer, it’s pretty hot with the midday temperature in Hanoi at around 32 DC and HCM city at 36 DC. Luckily there are...

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Welcome to Vietnam

Welcome to Vietnam

Welcome to Vietnam