Foreign companies are aggressively expanding into Vietnam’s food market, with Thailand’s CP Group an outstanding player. Nguyen Chi Nguyen, general secretary of the Food and Foodstuff Association of Ho Chi Minh City, talks to VIR about the sector’s landscape.
The EU-Vietnam Partnership and Cooperation Agreement is to act as a bridge to bring Vietnam and European Union enterprises together. Tran Ngoc Quan, deputy head of the Ministry of Industry and Trade’s European Market Department, told VIR the 2012-clinched EU-Vietnam Partnership and Cooperation Agreement (PCA) would open the door to the EU market.
Vestas, the world’s biggest wind turbine manufacturer, and other Danish businesses will seek opportunities to boost cooperation with Vietnam in the fields of economics, trade and wind energy.
A delegation of representatives of 11 French urban transportation companies is to pay a visit to Vietnam to participate in an urban transportation seminar in Hanoi on October 30th.
Vietnam’s five-year bonds had their biggest weekly gain since May on speculation banks invested surplus cash in debt as lending slowed. The dong was steady.
For over 25 years, foreign-invested sector has now contributed about 18.3 per cent to Vietnam's GDP growth, accounting for 59 per cent of exports, and creating 2 million direct and indirect jobs. These impressive figures partly confirm FDI impacts on Vietnam’s economic restructuring, competitive enhancement, industrialisation and modernisation.
Vietnam’s government bonds fell, driving the three-year yield to a five-month high, on concern faster inflation will hurt demand for fixed-income assets. The dong weakened.
A trade and investment conference with the theme ‘ Vietnam - Investment destination’ was held on October 16 in Ho Chi Minh City for Filipino businesses to promote cooperation with Vietnam.
HANOI – The future of Vietnam’s economy greatly depends on the right policies shaped in the current tough times, said Sanjay Kalra, senior resident representative of the International Monetary Fund (IMF) in Vietnam.
HCMC – The World Bank has lowered its economic growth forecast for Vietnam to 5.2% from its earlier forecast of 5.7% given in May, citing unfavorable environments in the region and the world.