The Party leader laid stress on the complementary strengths of An Giang’s advanced agricultural production and Kien Giang’s advantages in maritime economy, tourism, renewable energy, and port services. He envisaged the mergence as the foundation for a dynamic “mountain – plain – border – sea” development corridor that combines border and maritime economies.
Speaking at the event, Vice Chairman of the municipal People’s Committee Vo Van Hoan highlighted that the city has established itself as an attractive destination for investments in the domains, given its complete ecosystem to develop emerging industries with sound human resources and numerous semiconductor enterprises.
Deputy Minister of Trade Dyah Roro Esti said that the MoU is a strategic step by both ministries to bolster synergy to encourage national economic growth through MSMEs. In addition, it aims to improve the competitiveness of Indonesian products and expand their access to domestic and global markets.
In the long-term, enterprises hope that the Government will manage exchange rates flexibly to benefit exports and prioritise reasonable loan quotas for agricultural exports as domestic raw material prices increase.
VASS Vice President Dang Xuan Thanh pointed out the successful models of such countries as the Republic of Korea (RoK) and Japan, which Vietnam can learn from to enhance its competitiveness and integration into global supply chains.
The Asian Development Bank (ADB) has approved a 50 million USD policy-based loan to support Cambodia's efforts to make its business environment more investment-friendly, upgrade businesses toward higher competitiveness, and ease trade barriers.
The Thai Ministry of Commerce has drafted a plan to deal with an influx of cheap substandard goods from abroad to protect domestic small and medium-sized enterprises (SMEs).
Vietnamese enterprises need to make efforts to innovate, proactively improve competitiveness, and participate in new supply chains to boost exports to Asia, said trade official.
The Ministry of Planning and Investment’s Agency for Enterprise Development (AED) and the US Agency for International Development (USAID) approved the Improving Private Sector Competitiveness (IPSC) project in the Mekong Delta province of An Giang on October 31.
Indonesia will continue to encourage special economic zones (SEZs) to expand and compete with those in Malaysia and Singapore, Coordinating Minister for Economic Affairs Airlangga Hartarto said on September 29.
Vietnam’s industrial production is seeing positive signs for recovery as the consumption index of the entire processing and manufacturing sector increased and the inventory index reduced in the first half of this year.
Vietnamese tourism sector needs to get on the environmentally-friendly bandwagon or risks losing its competitive edge over regional peers, according to Director of the Institute for Brand and Competitiveness Strategy Dr Vo Tri Thanh.
To improve Malaysia’s competitiveness, the country must double down on efforts to improve productivity, the essence of competitiveness, said scholar John Antony Xavier.
The Thai government has set out to boost the country’s competitiveness by becoming a hub for skilled foreign workers as part of a long-term strategy to spur and sustain economic growth.
Ambassador to Italy Duong Hai Hung has congratulated Vietnamese enterprises - the Ho Chi Minh City Investment and Trade Promotion Centre (ITPC) and the Handicraft and Wood Industry Association of HCM City (HAWA) - for their initial success in showcasing Vietnamese products in Milan Design Week in Italy - a design & brand arena of furniture businesses around the world.
The Business Association of High-Quality Vietnamese Products on March 14 held a ceremony in HCM City to announce and award certificates to 529 high-quality Vietnamese businesses in 2024.
