Shipping industry to be developed by 2020

According to the plan, the majority of imports and exports are to be transported by sea, embedding Vietnam further into the global shipping network and connecting the country to distant destinations, such as Northern Europe or South America. By 2020, the industry is expected to meet nearly all domestic shipping …

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Dong Nai continues to attract record levels of FDI

The provincial Department of Planning and Investment reported the total consists of US$391 million for 52 new projects and US$531 million in supplementary investment for 51 projects. The province also revoked the investment licences for 8 FDI projects with registered investment capital of US$86 million, comprised of 3 projects located …

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Japan quickly disburses FDI in Binh Duong

Japan remains the largest foreign investor of southern Binh Duong province with more than 220 projects and foreign direct investment (FDI) disbursements of nearly US$5 billion. Most Japan-invested projects are in the areas of high-tech, electronic outsourcing, medical equipment, high-quality food processing, infrastructure and urban areas. Mai Hung Dung, Director …

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Military Bank wins GPEA award for excellence

MB is the only bank in Vietnam to have ever been nominated commander sildenafil pfizer kosten for the prestigious award. Annually the APQO honours exemplary organizations from six Asian and Pacific Rim Countries for world class quality performance. Criteria for the award include the role of leadership, strategic planning, orientations …

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Direct flights help Da Nang tourism fly high

International tourism to Da Nang city has picked up remarkably over the past two months thanks to the establishment of direct overseas air routes, said Tran Chi Cuong, deputy director of the municipal Department of Culture, Sports and Tourism. The reopening of air routes from China’s Hangzhou, Kunming, Chengdu and …

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Tourism property investors complain of risks

“It is too risky to invest in tourism properties in Viet Nam,” Than Thanh Vu, founder and deputy chairman of the Viet Nam Tourism Property Association (VnTPA), told the VnTPA Congress II in HCM City late last week. The VnTPA said while exact figures were not available on investment in …

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11 Vietnam banks cited among world’s top 1,000

The prestigious financial magazine, The Banker, has listed eleven Vietnam banks in its recently published Top World Banks ranking for 2014, affirming the country as a leading financial centre in Southeast Asia. The top five of the 11 Vietnam banks include – Vietnam Joint Stock Commercial Bank for Industry and …

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Garment sector tops nation’s exports

Garment and textile exports jumped 11.1% on-month in July to US$2.1 billion, surpassing the telephone sector as the nation’s leading export industry, reports the Ministry of Industry and Trade (MoIT). According to the Ministry’s latest statistics, garment and textile exports outpaced the telephone sector by US$ 0.5 billion. In the …

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Action plans to realize industrialization strategy adopted

Prime Minister Nguyen Tan Dung has approved four action plans to implement Vietnam’s industrialization strategy within the Vietnam-Japan cooperation framework by 2020 with a vision for 2030. These four plans include developing the electronics industry, developing the agricultural machinery industry, developing the agricultural product processing industry, and developing the environment …

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Prospects for boosting seafood exports

Not only carving out a niche in key export markets, Vietnamese seafood has established a solid foothold in the global export market, further evidenced by higher that average annual growth rates than most other markets. In recent years, the seafood industry has made every effort to improve the quality of …

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