Vietnam vows to remove investment hurdles with Laos

Removing all obstacles towards Vietnamese investments in Laos and the two countries’ joint projects will be among Vietnam’s priorities in further riveting co-operation with its western neighbour this year.     At a meeting organised a few days ago between the government and Vietnam-Laos Co-operation Committee, Prime Minister Nguyen Xuan Phuc stated that Vietnam will further its..

First Solar to put new factory into operation before 2018 end

First Solar, a global manufacturer of thin-film module technology, is stepping up its recruitment to kick-off its operations in Ho Chi Minh City in the fourth quarter of 2018.   First Solar Vietnam held a career day to support its manufacturing expansion   First Solar Vietnam has recently held a career day at Binh Duong’s Mira Hotel to support the recruitment of associates across the..

Plastics growth garners strong interest

Vietnam’s plastics and packaging industry is luring in a new wave of foreign investors due to the sector’s strong growth.   Companies from India, Europe, and the US are increasing their presence in the Vietnamese plastics market Photo: Le Toan   Last week, a delegation of 43 Indian companies led by the Plastics Export Promotion Council of India (Plexconcil) paid a working visit to..

Mitsubishi Motors to invest $250 million in second factory in Vietnam

Mitsubishi Motors will invest $250 million to build its second automobile assembly facility in the country to expand production. The facility is expected to come into operation in 2020.     This was announced by Kozo Shiraji, Mitsubishi Motors' executive vice president, at a meeting with Deputy Prime Minister Vuong Dinh Hue on January 15.   According to Shiraji, Vietnam is considered an..

Japanese giant joins hands with Alpec to tap into growing elevator market

Japan’s second largest group, Nidec Group, joined hands with Vietnam's leading elevator and escalator firm Alpec to meet the growing demand for elevators in Vietnam and centralise control over product safety and quality.   Nidec and Alpec signing the strategic co-operation agreement   General director of Nidec Elvator David Molnar said at the signing ceremony of the strategic..

Vietnam making headways in fight against IUU fishing

“Growth and development is a marathon, not a sprint,” Prime Minister Nguyen Xuan Phuc emphasised and set the goal of raising Vietnam to become a new "economic tiger" in Asia.   The yellow card issued by the EU is keeping the EVFTA from being ratified   Ambassador Bruno Angelet, head of the Delegation of the European Union to Vietnam, told VIR, “Vietnam is taking it very seriously..

Vietnam striving to become new "economic tiger”

“Growth and development is a marathon, not a sprint,” Prime Minister Nguyen Xuan Phuc emphasised and set the goal of raising Vietnam to become a new "economic tiger" in Asia.   Prime Minister Nguyen Xuan Phuc speaking at Vietnam Economic Forum    At the high-level policy dialogue with the theme of “Fast and sustainable economic growth: existing challenges and new motivation”..

Improving productivity in the context of industrialisation

As Industry 4.0 exerts a sharp effect on the economic structure, development, growth rate, and the models of business and labour usage, Vietnam Economic Forum was organised today to provide specific solutions for Vietnam to seize advantages in production and improve productivity, contributing to the improvement of growth quality and economic competitiveness.      Vietnam’s economic..

Vung Ro Petroleum shakes hands with DenimoTech

Vung Ro Petroleum Co., Ltd. (VRP), the operator of Vietnam's third oil refinery located in the central province of Phu Yen and backed by the UK-based Technostar Management Limited, today signed a co-operative agreement with DenimoTech, a Denmark-headquartered firm, aiming to provide turnkey solutions for the petroleum by-product sector and aid the implementation of VRP’s new manufacturing plant..

New circular puts ASEAN incentives in SMEs’ reach

With a view to increasing Vietnam’s exports to ASEAN, the Ministry of Industry and Trade has taken a new step to help enterprises boost their shipments to regional markets.   A lowered bar for the self-certification of goods origin should open the ASEAN market to more local firms Photo: Le Toan   The Ministry of Industry and Trade (MoIT) recently issued Circular No.27/2017/TT-BCT,..

Agriculture revival with private funds

A new wave of private agricultural investments has surged in the country, helping to super-charge the capital-poor agricultural sector.   Optimism is high in Vietnam’s agricultural sector as investments rise nationwide, Photo: Le Toan   Over the next two weeks, locally-owned TH Group will start construction of a large-scale dairy farm and processing plant in the south-central province..