The Vietnamese business community has developed quite rapidly over the past 30 years, making a major contribution to socio-economic development, but for many different reasons, the quality and competitiveness of today’s Vietnamese businesses encounter several limitations, according to Dr. Nguyen DinhCung, Director of the Central Institute of Economic Management (CIEM).
Chinese solar panel maker Trina Solar is planning to build its third factory in Vietnam, three people familiar with the matter told Reuters, a move that would boost exports to the United States following punitive duties to be imposed on products it makes in Thailand.
The northern province of Bac Giang has attracted 70 foreign direct investment (FDI) projects valued at over 1.38 billion USD so far this year to September 15, a fivefold increase compared to the same period last year, according to the provincial People’s Committee.
BAC GIANG - These days, on the construction site of the overpass of Northeast Ring Road through Xuong Giang Road (Bac Giang City), there are always more than 100 workers who are divided into 3 construction group and work in 3 shifts per day to accelerate the progress and complete the project ahead of schedule.
The 19 state-owned companies run by the State Capital Investment Corporation reported revenues of nearly US$82 billion last year, or 20% of Vietnam’s GDP.
Nearly 1,000 foreign enterprises from 28 countries and territories, including giants such as Boeing, Walmart, and Central Retail, have entered Vietnam to explore investment opportunities and seek partners since early September.
BAC GIANG - HLC Urban and Industrial Construction Development Joint Stock Company (HLC) won the bid to construct Bich Son new residential area project in Bich Dong town on total area of 5.4 hectares. About 50 households had agricultural land and graves within the project implementation boundary, which were subject to reclaimed.
The Hanoi Supporting Industries Business Association (HANSIBA) and N&G Group signed a cooperation agreement with a business delegation from Shanghai (China) in Hanoi on September 26.
