Policies are needed to boost the number of domestic enterprises participating in the supply chain of multinational companies, and a boost is necessary in the localisation rate of the processing and manufacturing industry, which now remain modest, insiders said. Illustrative photo (Source: vneconomy.vn) According to data from the Ministry of Industry and Trade (MoIT), local industry led in...

As the COVID-19 pandemic recedes, Vietnam's rubber industry faces challenges from both the world market and internal factors that hinder the industry’s competitiveness. Finicky global markets are extremely competitive and well down the road of development, meaning Vietnam needs to catch up to keep pace. Rubber industry needs better grip on competitiveness in int’l market (Photo: VNA) Tran Ngoc...

Minister of Industry and Trade Nguyen Hong Dien and Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi of the United Arab Emirates (UAE) have signed a Ministerial Declaration on starting negotiations on a comprehensive economic partnership agreement (CEPA) between the two nations right after Vietnam completed its procedures. The two sides at the meeting (Photo:...

Blockchain, which helps store information transparently between parties and can’t be faked, is considered an effective tool for the development of international trade as well as the digital economy. Experts discuss blockchain applications in facilitating international trade. (Photo courtesy of Vietnam Blockchain Association) Hoang Van Huay, Chairman of the Vietnam Blockchain Association (VBA), made the statement at a conference...

Ownership certificates will be granted to buyers of condotels, officetels, resort villas and other properties which are built on commercial and services land and used for accommodation and tourism purposes. Ownership certificates will be granted to condotels and officetels which meet the established regulations prescribed by the laws on land, construction and real estate business. (Photo: vneconomy.vn) This...

Vietnam exported 1.7 million tonnes of rice in the first quarter of 2023 worth over 900 million USD, a 19% increase in quantity and 30% rise in value compared to the same period in 2022. Farmers during the rice harvest season in the Mekong Delta province of Dong Thap. (Photo: VNA) These latest figures were released in a latest...

Vietnam has issued a national action plan on building a transparent, responsible and sustainable food and food stuff system to 2030, with a goal of maintaining the export turnover of over 30 billion USD each year. Illustrative image (Photo: VNA) The plan aims at ensuring national food security and demonstrating the country’s responsibility for food security in the region...

A Vietnam-Russia business forum took place in Hanoi on April 6, attracting the participation of more than 200 enterprises from both nations. Russian Deputy PM Dmitry Chernyshenko speaks at the forum (Photo: VNA) Spotlighting new cooperation opportunities and potential sectors between the sides, the event was held within the framework of the 24th meeting of the countries’ Inter-Governmental...

Minister of Agriculture and Rural Development Le Minh Hoan emphasised the important role by cooperatives in the agriculture-based economy at a seminar held by Radio The Voice of Vietnam (VOV) in Hanoi on April 6. Illustrative image (Source: VNA) Without cooperatives, agricultural production cannot be transformed into the agriculture-based economy nor a multi-value production sector formed as set...

Economists and policymakers have voiced their support over a proposal put before the National Assembly by the Ministry of Planning and Investment (MPI) to raise the State's contribution limit in public-private-partnership (PPP) infrastructure projects to 65%. A highway junction under construction in Hanoi (Photo:VGP) The current limit for state contribution in PPP projects was set at 50%. They...