Deputy Prime Minister Vu Duc Dam affirmed that the Vietnamese Government always opens its door to foreign enterprises in his speech at the Vietnam Business Summit 2019 held in Hanoi on October 16.
Deputy Prime Minister Vu Duc Dam (standing, centre) witnesses the signing of cooperation documents at the Vietnam Business Summit 2019 in Hanoi on October 16 (Photo: baochinhphu.vn)
Hanoi (VNA) – Deputy Pr𓆏ime Minister Vu Duc Dam affirmedthat the Vietnamese Government always opens its door to foreign enterprises inhis speech at the🦹 Vietnam Business Summit 2019 held in Hanoi on October 16.
He highlighted that Vietnam’s economic growth ranked secondglobally as announced by the World Bank, making the country a destination formany firms across the world.
The official suggested that businesses should pay attentionto infrastructure, finance, banking, land as well as workforce training.
Vietnam is now ready for the fourth industrial revolution,he said, adding that the country has stepped up the aplication of informationtechnology in diverse areas, with improving information safety and security.
President of the Vietnam Chamber of Commerce and Industry VuTien Loc said prestigious international organisations are optimistic aboutVietnam’s economic growth. Up to 90 percent of domestic and foreign businesscommunity expressed their belief that business climate will become better inthe near future.
As many as 130,000 enterprises were established or resumedoperations in the first nine months of this year and 70 percent offoreign-invested firms planned to further expand operations in Vietnam, hesaid.
According to him, the Vietnamese Government has successfullylaunched an action programme to develop e-government and build infrastructurefor a digital economy.
The information technology adoption index went up 54 placesin the World Economic Forum’s rankings 2019 with increasing number of mobilephone subscribers and Internet popularity, boding well for software productionand digital application in economic sectors, thus opening up opportunities for investorsat home and abroad, Loc said.
Participants at the event discussed measures to digitiseeconomic sectors such as finance, agriculture and production.
The event attracted over 800 delegates, including nearly 300foreign ones who also attended the Asia Business Summit 2019./.
Vietnam holds aspirations to become a country with prosperous development, inferior to no other countries’ in the world, Prime Minister Nguyen Xuan Phuc said at the Vietnam Business Summit in Hanoi on September 13.
Embracing free trade policies, reducing overregulation and costs of doing business, and investing in human capital and infrastructure are three ingredients that help Vietnam become a top emerging economy in less than three decades, said a writing posted on the US hakernoon.com.
Deputy Prime Minister Vuong Dinh Hue had a working session in Hanoi on March 8 with Charles Freeman, Senior Vice President for Asia at the US Chamber of Commerce (USCC).
The pangasius industry is one of the country’s key foreign currency earners, with an annual export value of around 2 billion USD, accounting for 20% of Vietnam’s total seafood exports. The US remains one of the largest and most strategic markets for Vietnamese pangasius.
A Government Office notice on the Deputy PM’s conclusions at a recent meeting to review construction progress of the plants stressed that accelerating the development of power sources is essential and urgent to ensure energy security and meet the demands of two-digit socio-economic growth in the coming period.
It featured four discussions on key issues such as the Vietnam- Switzerland comprehensive partnership, Vietnam’s international financial centre, digital transformation and innovation, and global human resources and expansion of markets.
With rising protectionist policies for the steel industry, and the US imposing tariffs on steel exports, the sector has entered a challenging period. In response, many industry giants are returning to the domestic market.
As the most significant and high-profile event in the global logistics industry, FIATA World Congress 2025 is expected to gather over 1,200 delegates from more than 150 countries.
According to the State Bank of Vietnam (SBV), in the interbank market, the trend of decreasing overnight interest rates has continued, starting at 3.13% in the first session of last week and gradually decreasing over the sessions to 1.67% at the last session of the week. In total, overnight interest rates decreased by 1.46 percentage points within one week.
Huynh Tan Khanh, Secretary of the Party Committee of Ganh Hao, noted that the town strictly follows anti-IUU fishing directives and has partnered with local agencies to organise six awareness campaigns attended by nearly 500 fishermen. Some 130 boat owners and captains have also signed commitments to follow legal requirements and avoid entering foreign waters.
ChatGPT is not yet a threat to the real estate market as it can handle information quickly and effectively, but it’s here to support, not replace, human advisors.
As Vietnam moves forward, ESG, innovation and digital transformation will change the way businesses grow and how they are evaluated. This journey can’t rely on policy alone. It needs strong leadership, the right technology and, most importantly, skilled people who are ready to build a greener, more competitive economy.
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.
Deputy Prime Minister Vu Duc Dam (standing, centre) witnesses the signing of cooperation documents at the Vietnam Business Summit 2019 in Hanoi on October 16 (Photo: baochinhphu.vn)
