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.
Vietnam’s dollar bonds are defying a credit downgrade by Moody’s Investors Service as efforts by the government to stabilize the economy since 2011 show progress.The average yield on Vietnamese debt fell to a record low of 4.09 percent on Oct. 9, according to JPMorgan Chase & Co.’s EMBI Global index, even after Moody’s said Sept. 28 there was an “elevated risk” that the government may have to bear the cost of recapitalizing banks.
The southern localities of Dong Nai, Binh Duong and Ho Chi Minh City have reported highly positive signs in attracting foreign direct investment (FDI) this year. These localities’ in charge officials said the third quarter in particular has seen an increase in the number of new projects and investments.