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Vietnamese firms invest over $24.5b in foreign countries as of July-end

The investment capital of Vietnamese investors exceeded $10.7 billion and chartered capital of Vietnamese investors also reached approximately $10 billion. They mainly invested in mining sector with about $17 billion, of which, Vietnamese investors poured over $4.3 billion and chartered capital of over $3.7 billion.

Switzerland vows all-round cooperation with Vietnam

The Swiss parliament will increase experience sharing in operations of the two legislative bodies, especially at committee level and parliamentarians’ groups, Jean Rene Germanier told Vietnamese Deputy Prime Minister Hoang Trung Hai in Bern on September 14 during the latter’s official visit to  Switzerland occasioned by the 40thanniversary of the two countries’ diplomatic ties.

Digital printing industry set to grow in Vietnam

Nguyen Van Dzong, chairman of the Vietnam Printing Association, told the two-day Asia-Pacific Premier Partner Annual Conference organised by Fuji Xerox that offset printing still accounted for 65 per cent of all printing done in the country while digital printing accounted for much less than 5 per cent. Though the latter had not developed as much in Vietnam as in other countries, it would develop strongly in future, especially when orders became larger and required strict control over quality and design and rapid changes.

14 European countries invest in Hanoi

According to the Hanoi People’s Committee, the city is calling on businesses to invest in high-quality services, financial centres, banking, trade, the electronic industry and information technology.

Overseas Vietnamese workers to send home $1.8 bln: ministry

The agency forecasts there would be about $10 billion of overseas remittances to be transferred to the country by overseas laborers in 2011-2015. Though the total amount of money sent home by Vietnamese workers are still small compared to that in some other countries which is even higher than the foreign direct investment (FDI) capital, international aids and higher than the export turnover of some key items, it has help significantly improve the poverty and promote investments, said the department’s spokesperson.

Vietnam-Malaysia bilateral trade hits US$4 billion

Malaysian Consul General Shazryll Zahiran and Chairman of the Vietnam-Malaysia Friendship Association in Ho Chi Minh City said the friendship and cooperative relations between the two countries have been developing strongly in the fields of politics, diplomacy, economics, trade, investment, education, training, tourism, defence and security.

International tourism investment promotion conference kicks off

The International Tourism Investment Promotion Conference “Four Countries – One Destination” 2011 to enhance regional tourism development in Cambodia, Laos, Myanmar and Vietnam kicked off this morning in Ho Chi Minh City.

Vietnam tourism receipt poised to grow at a CAGR of 13pct

At present, Vietnam has become a more attractive destination for medical and cosmetic surgeries, by offering cheaper service prices than other countries. This has resulted in a rise in number of visitors from around the world seeking remedies for a range of medical needs. These include both critical health services as well as cosmetic and remedial care.

Base year for calculating GDP should be changed, expert says

The calculation of GDP on the base year of 1994 affected to the rating of international agencies on Vietnam’s statistic quality. According to World Bank research group, Vietnam now stands at the 7th position among nine southeastern Asia countries subject to the bank’s statistic rating.

Vietnam sees need for more staff in health care

With an aim of increasing equality in the health care services in Asian countries by renewing personnel training, speeches delivered at the conference focused on analysing national plans on human resource development and orientations for the renovation. The participants also took the occasion to share their countries’ experience in this field.

Investors from Japan seek opportunities

JETRO plans to hold a trade fair in Ha Noi from September 15 to 17. “Japanese companies always require high-quality products from partners. If Vietnamese companies meet Japanese standards, they will also meet the strict requirements of other countries in the world.”

ADB assists Vietnam’s socio-economic development

ADB Country Director in Vietnam, Ayumi Konishi, says the ADB-funded projects have helped Vietnam achieve its rapid economic growth and gradually reduce poverty. Vietnam is one of a few countries which has successfully combined economic growth and poverty reduction, Ayumi adds.

Vietnam PM chairs investment conference in Cambodia

Over the past years, the friendship and all-sided cooperation between Vietnam and Cambodia has been deepened. The two countries have signed over 60 legal documents on bilateral cooperation in almost all fields and created necessary cooperative mechanisms to fit their current development requirements. As a result, economic and trade ties between the two countries have grown steadfastly. The two-way trade value has increased year on year, from US$950 million in 2006 to hit over $1.8 billion in 2010.

ADB meeting gives Vietnam a progress showcase

According to the ADB official, the upcoming meeting is also an opportunity for other countries to better understand Vietnam , because the international event draws the participation of about 3,500 delegates from 67 ADB member countries and observers as well as about 400 reporters.

‘$13bln for Hanoi’s urban traffic development too big’: experts

Currently, the country is investing about only 3.5 percent of GDP in traffic infrastructure each year. Normally, in the other countries in the world, even during the hot development stage, the total investment for traffic system accounted for only 7-8 percent or highest at 10 percent of GDP. Therefore, Hanoi’s spending on traffic system accounts for over 20 percent of GDP, two-fold higher than that of other countries and six times higher than that of the whole country will be a record figure.


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