VOV.VN - US presidential candidates Hillary Clinton and Donald Trump have introduced their economic policies. Differences in their economic management are visible, besides some notable similarities.
The Minister of Agriculture and Rural Development Nguyen Xuan Cuong said that it was necessary to identify shrimp as a national strategic product to boost farming, enhance quality and build a globally-recognised Vietnamese shrimp brand.
The southern province of Binh Duong has so far attracted 2,713 foreign-invested projects with a total capital of around US$25 billion, including US$16 billiondistributed to 1,635 projects that are underway in industrial parks (IP).
Foreign companies providing technology solutions for textile, garment, and footwear production have been increasingly active in Vietnam, taking advantage of the expected growth of the industry.
The southern province of Binh Duong recorded a trade surplus of US$1.9 billion in the first half of 2016, according to the provincial People’s Committee.
Vietnam’s retail sector posted an average growth rate of 7.3% per year during the 2010-2015 period with sales last year up 10% to reach US$112 billion, of which modern retail channels accounted for about one fourth of distribution.
The local retail community has asked the Government to develop policies to help the industry compete with foreign counterparts as a more liberal trade environment has intensified competition in recent years.
Vietnam’s economy continued to recuperate in this year’s first half, spurred on by a recovery in production and enterprises’ growing confidence.
Vietnam’s garment and textile industry is targeting to earn an export revenue of US$31 billion in 2016, up 10% against the previous year.
A delegation of representatives from dozens of Hong Kong companies made a field trip to the southern province of Binh Duong on June 25 to learn about the local investment climate.
Many businesses at a forum in Hanoi on June 23 called for support by the Government and competent agencies to help them draw up suitable business strategies and upgrade technologies in order to raise their competitiveness.
Southern Binh Duong province attracted US$1.097 billion in foreign direct investment (FDI) as of mid-June, equivalent to 78.3% of its yearly plan and up 8.3% against the same period of last year, according to the provincial People’s Committee.
Vietnam is holding a big opportunity to enter the next production revolution, which is happening around the world, Deputy Foreign Minister Bui Thanh Son has said.
A recent survey conducted by Mizuho Research Institute of 1,100 companies in Japan shows growing interest in Vietnam as an investment priority among ASEAN countries.
The law on support to small- and medium-sized enterprises (SMEs), which is being drafted, is set to facilitate the development of the firms making up 97% of the businesses in Vietnam.
Vice President Dang Thi Ngoc Thinh hosted a reception in Hanoi on June 1 for Governor Le Van Hieu and Premier Jay Weatherill of South Australia, expressing her wish to foster bilateral ties in Government, State, National Assembly and people-to-people exchange channels.
Local wood companies have voiced their concerns at a seminar in Ho Chi Minh City over Chinese firms now exporting their timber products under Vietnamese labels.
Increasing businesses’ capacity for technological innovation and raising the competitiveness of green technology are the keys to helping Vietnam integrate more deeply into the global economy, heard a forum in Hanoi on May 28.
Vietnam will face challenges in implementing policies and laws on environmental protection, especially in industries seeing strong growth, said Nick Thorpe from the People and Nature Reconciliation (PanNature) centre.
Secretary of the Ho Chi Minh City Party Committee Dinh La Thang has stated that the city will create all possible business conditions for US and foreign investors for mutual benefit.