Deputy Prime Minister Vuong Dinh Hue meets with Asia Business Council representatives (Photo: VNA)
HCM City (VNA) – Vietnam welcomesand aims to create optimal conditions for investors, especially those with hightechnology and good management skills.
Deputy Prime Minister Vuong Dinh Hue made theremark at a function welcoming the 2017 Spring Forum held by the Asia BusinessCouncil in Ho Chi Minh City on February 23.
He said Vietnam prioritises businesses ready toconnect with Vietnamese partners and operate in fields suitable with thecountry’s economic restructuring.
Vietnam recorded positive economic growth lastyear, with exports increasing by nine percent, high foreign direct investment,and more than 110,000 newly-established businesses, he noted.
The forum is expected to boost innovation andsustainable development in the region, he said.
He confirmed the Vietnamese Party and State’sconsistent policies of actively engaging in the global economy and being areliable partner of all nations and investors.
The Vietnamese Government is working to increasethe competitiveness of the economy and develop more effective, productive, andinnovative economic models.
Chairperson of the Asia Business Council LubnaOlayan said the council is impressed with Vietnam’s growth over the past fiveyears amid global economic struggles.
She also highly lauded the country’sdetermination to promote sustainable economic growth to become a young, dynamiceconomy with abundant and high-skilled human resources.
The 2017 Spring Forum will be held on February24-25, focusing on sustainability and creation as investments for the next 50years.-VNA
Prime Minister Pham Minh Chinh affirmed that science, technology, innovation, digital transformation, green transition, and circular economy are offering limitless opportunities for bilateral collaboration.
The US remained Vietnam’s largest market, accounting for 55% of the country's total wood exports. Key products include wooden furniture, plywood, doors, and handicrafts.
With a clear development strategy, proactive investment attraction and strong policy support for sustainable agriculture, Tay Ninh is positioning itself as a major hub for high-tech livestock farming in the southern region.
As Vietnam’s largest private carrier, Vietjet has been awarded the highest ranking for safety with 7 stars by the world’s only safety and product rating website airlineratings.com and listed as one of the world's 50 best airlines for healthy financing and operations by Airfinance Journal in many consecutive years.
The Vietnam National Petroluem Group (Petrolimex) had acted early to mitigate risks amidst the recent surge in global oil prices driven by the Israel–Iran conflict, Vietnam News Agency cited a Petrolimex representative as saying.
In mid-June, the Vietnam Trade Promotion Agency (VIETRADE) at the Ministry of Industry and Trade (MoIT) in collaboration with Alibaba.com announced a list of 200 outstanding businesses selected to participate in the "Vietnam National Pavilion" in 2025.
Vietnamese seafood processing and export enterprises are in the process of completing procedures and adopting necessary technologies to bring their products into the Halal market.
The PM outlined a dual strategy: revitalising traditional growth engines of investment, exports, and consumption, while accelerating breakthroughs in sci-tech, innovation, digital transformation, and green transition.
The complex, covering a total area of 512 ha, is designed after a multi-functional model, prioritising the preservation of natural landscapes, honouring local beauty, and creating an ideal living area.
He requested delegates to provide objective and honest feedback on what has been achieved, what has not, the consequences, and draw lessons learned for the future. He also emphasised the need to identify key directions and tasks, with a firm resolve to prevent, and eventually eliminate the trafficking of counterfeit medicines and fake food products.
The Ministry of Finance is drafting policies to establish specialised AI and smart industrial parks to raise the technological profile of FDI projects and create spillover effects for local businesses.
Vietnam ranked as the 8th largest export market of Singapore with an export turnover of more than 11.7 billion SGD (9.06 billion USD) in the first five months of this year, four places higher than that of the same period last year.
Vietnamese Ambassador to the US Nguyen Quoc Dung reviewed key milestones in the bilateral relationship, underscoring the essential and sustained contribution by businesses from both countries, from the time before the normalisation of bilateral ties in 1995 until today, when the two sides are comprehensive stategic partners of each other.
According to targets adopted at the fifth Party Congress of the Management Board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) on June 22, the zones aim for average capital attraction of 8–10 million USD per hectare, with a 70% disbursement rate of registered capital achieved on schedule.
This year’s event attracted more than 350 entries from cities and provinces across the country, reflecting growing interest in and commitment to the Fourth Industrial Revolution.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Deputy Prime Minister Vuong Dinh Hue meets with Asia Business Council representatives (Photo: VNA)
