Seminars to be Held in Berlin to Feature Vietnam-Germany Economic Prospects
Two seminars featuring the prospects of Vietnam-Germany economic ties will take place in Berlin on June 22, attracting nearly 250 businesses from the two countries, the Vietnam News Agency reported.
The first seminar will attract the participation of businesses, policymakers and government officials, the German Chamber of Industry and Trade and the German Asia-Pacific Business Association.
The second seminar is expected to attract 200 delegates and will discuss the prospect of Vietnam-Germany economic and trade ties, and the role of Vietnamese businesses in Germany.
Can Tho to Host Vietnam-France Cooperation Conference
The Mekong Delta city of Can Tho will host the 10th cooperation conference between Vietnamese and French localities from September 15-17, with a highlight being a Vietnam-France international fair, according to VNA.
Representatives from France to the fair are enterprises, specializing in supplying services to businesses and localities in the areas of architecture, software, museums and entertainment parks, and are expecting to introduce to the host country the latest technological solutions.
Workshop Promotes Indian Investment in Vietnam
A workshop was held by the Vietnam Embassy in India and the India-ASEAN-Sri Lanka Chamber of Commerce and Industry in the Indian industrial hub of Chennai on June 1 to promote investment in Vietnam, according to VNA.
The event was attended by representatives from 50 host businesses, including such big names as Ashok Leyland, KCP, Sime Darby Edible Products, Indias, and Millmore Engineering Private Ltd.
Vietnam, South Korea Boost Cooperation in Food Processing
Nearly 100 businesses from South Korea gathered at a workshop in Seoul on June 1 to explore cooperation opportunities in food processing and beverages in Vietnam.
The workshop offers a good chance for South Korean investors to study the food and beverages market in Vietnam, while Vietnamese firms could optimize opportunities from the Vietnam-South Korea free trade agreement (FTA
) to gradually make inroads into that market.
Vietnam Yet to Unveil Cause of Mass Fish Deaths
The cause of recent mass fish deaths in the Vietnamese central coastal region has been identified but is yet to be made public as it needs independent commentaries, said Minister-Chairman of the Government Office Mai Tien Dung after a regular cabinet meeting Thursday.
“Scientists have determined the cause of mass fish deaths. The prime minister has also assigned appropriate bodies to invite domestic and foreign consultants to have independent commentaries,” he said.
“It is of overriding importance, so before any official conclusion, it is necessary to have commentaries from scientists and consultants, both at home and abroad. Once it is publicized, it must ensure sufficient proofs, legality and objectiveness,” the official added.
Over $300 Million for Urban Development in Can Tho
Up to $322 million will be poured into developing the Mekong Delta city of Can Tho and strengthening its urban adaptability under a project launched on June 3, VNA reported.
Of the total investment, $250 million is sourced from the World Bank’s official development assistance (ODA) loan and $10 billion is non-refundable aid of the Swiss Agency for Development and Cooperation.
Vietnam Needs WB’s Advice on State Budget Balance: Deputy PM
Vietnam wants suggestions from its partners, including the World Bank (WB), about how to tackle difficulties in balancing the State budget as well dealing with public and bad debts, Deputy Prime Minister Vuong Dinh Hue WB Vice President for the East Asia and Pacific Region Victoria Kwakwa at a meeting on June 2.
The DPM said Vietnam must restructure State budget collection and revise tax policies, especially those regarding property, as tax will be sharply cut after free trade agreements (FTAs) take effect.
He said Vietnam hopes to consult the WB about tax management and technical issues.
HSBC Warns Vietnam of Economic Risks from Pro-growth Bias
The Vietnamese government’s confirmation of its 6.7% GDP target raises the risk of a looser-than-expected policy stance, HSBC Global Research has said in its latest report, suggesting the need for cautious fiscal and monetary policy.
As the new cabinet has confirmed the original 2016 GDP target of 6.7%, “we think this is going to be difficult to achieve, given the weakness of the Q1/2016 growth number and larger-than-expected headwinds to exports,” says the report.
Nobel laureates, scientists and transnational companies (TNCs) will participate in the 12th ‘Rencontres du Vietnam’, a close network of international cooperation for scientific research for over 20 years, in the International Center for Interdisciplinary Science and Education (ICISE) in the central coastal province of Binh Dinh on July 7-8.
The ‘Basic and Social Sciences’ international conference, the largest of the events held by the ‘Rencontres du Vietnam’ Association, will be sponsored by the UNESCO, the Vietnamese Ministry of Science and Technology, and the European Organization for Nuclear Research.
Bosch continues to see Vietnam as a main growth market and is committed to increasing investment in the country, Vo Quang Hue, general director of Bosch Vietnam, was quoted by Saigon Times as saying.
Bosch will pour another $22 million this year into Gasoline Systems plant that produces CVT pushbelts for automotive engines in the southern province of Dong Nai, after capitalizing $23 million to expand the plant last year.
A free trade agreement (FTA) between the Eurasian Economic Union (EAEU) and Vietnam will likely take effect before the end of summer, Interfax cited First Deputy Russian Prime Minister Igor Shuvalov as saying on June 1.
“We’re currently at the stage of completing the ratification procedures, and we hope this agreement will come into effect before the end of summer,” Shuvalov said at a briefing following a meeting of the Supreme Eurasian Economic Council in Astana.