The southern metropolis of HCMC needs to focus on improving domestic supply capacity and key market links with the southern economic region in order to promote industrial production and maintain the industrial sector's pillar role in the economy.
Vietnam always considers the United Arab Emirates (UAE) as one of its most important partners in the Middle East, Minister of Industry and Trade Nguyen Hong Dien told Ambassador of the UAE to Vietnam Bader Almatrooshi.
Hanoi Supporting Industries Business Association and Association for Trade Promotion of Small and Medium-sized Enterprises of China’s Suzhou city on May 9 signed a Memorandum of Understanding for cooperation in industrial development.
Mr. Vo Van Hoan, Vice Chairman of the People's Committee of HCMC, emphasized that a sustainable economy relies on a robust manufacturing industry that meets consumer needs and reduces dependence on external sources.
A series of workshops and seminars on the potential for promoting economic cooperation between Vietnam and the Umbria region, along with trade and investment promotion events, were hosted by the Vietnamese Embassy in Italy on April 14 – 16.
Policies are needed to boost the number of domestic enterprises participating in the supply chain of multinational companies, and a boost is necessary in the localisation rate of the processing and manufacturing industry, insiders said.
Despite improvements in the business environment, there are still inadequacies that not only hinder enterprises from effectively operating but also prevent investment from coming to needy cases.
Deputy Director of the Ministry of Finance’s Institute of Financial Strategy and Policy Nguyen Thanh Nga said that it is necessary to review and study legal documents on finance to mobilize financial resources for the Central Key Economic Region.
Today, the Ministry of Industry and Trade in collaboration with the ASEAN Promotion Centre on Trade, Investment and Tourism held a seminar to link between Vietnamese enterprises and multinational companies in the manufacturing industry.
Commercial banks have agreed to lower deposit interest rates by about 0.5 percent starting from March 6, while State-owned banks will only reduce their rates by 0.2 percent because they are already at the lowest level in the market.
By 2030, aquaculture production is expected to reach 7 million tons with export revenue of US$12 billion per year, while the growth rate of aquaculture value is expected to reach an average of more than 4.5 percent a year.
The State Bank of Vietnam’s (SBV) Ho Chi Minh City (HCMC) branch will continue to prioritize credit for production and business, especially in priority sectors, to boost economic recovery.
HCMC needs to overcome two immediate problems: institutional bottlenecks must be removed to absorb investment capital from all economic sectors, and the government must actually accompany businesses to strengthen the market's confidence.
Under the context of digital transformation, many enterprises are performing headhunting or professional skill transformation for their human resources.
In 2022, the diplomatic activities of Vietnam contributed to building trust, a peaceful and stable environment to make the country become a reliable destination for foreign investors.
