Deputy Prime Minister Trịnh Đình Dũng (R) met Minister of State in the Cabinet of the United Arab Emirates Sultan Bin Ahmed Al Jaber yesterday. — VNA Photo HÀ NỘI — The Vietnamese Government will continue reforming the business environment to facilitate firms from the United Arab Emirates (UAE) investing in Việt Nam, striving to lift the bilateral trade turnover to US$10 billion. That was the message delivered by Deputy Prime Minister Trịnh Đình Dũng during his ongoing visit to the UAE at the invitation of the country's government. Deputy PM Dũng noted the positive economic co-operation between the two nations in the past but said many sectors were still untapped, especially in trade, investment, energy (oil and gas, and renewable energy), infrastructure development, tourism and labour. He expected the UAE would facilitate the entry of Vietnamese goods in the Middle … [Read more...] about Việt Nam and UAE strive to lift bilateral trade to $10 billion
10 billion zimbabwe dollars
Billions of dollars needed to clear all bombs, mines left from wars
Việt Nam wants to tackle the consequences left over from years of war in the next few decades, a Government official said on Tuesday.— VNA/VNS Photo HÀ NỘI — Việt Nam wants to tackle the consequences left over from years of war in the next few decades, a Government official said on Tuesday. At a press conference on the country’s ordnance cleanup programmes ahead of the International Day for Mine Awareness and Assistance in Mine Action that falls on April 4, chief secretariat of the office of Labour, Invalid and Social Affairs Ministry Nguyễn Bá Hoan said that Việt Nam’s Government and people as well as the international community were working together to speed up the process. According to the Ministry of Defence, about 800,000 tonnes of unexploded bombs and mines left over from wartime remain buried over 6.13 million hectares, accounting for 18.82 per cent of the country. At the current rate of clearance, it would … [Read more...] about Billions of dollars needed to clear all bombs, mines left from wars
Vietnam’s e-commerce to earn $10 billion by 2020
In addition to traditional export, e-commerce is becoming a pivotal channel for international exporters with annual growth rate of 20 percent – 30 percent achieving thousands of billions of dollar. Many of Vietnamese enterprises have also taken advantage of this trend. Sharing her success in selling in Amazon, Ms. Han Nguyen, co-founder and CEO of Andre Gift Shop said that markets in abroad of the product is more enormous than Vietnam and revenue from Amazon accounted for approximately 70 percent of the company’s e-total commerce in 2018. E-commerce helps the company to get access to huge number of customers in the globe as well as saving cost of marketing. What is more, the company has learned more about how to operate professionally through customers’ feedbacks. Meanwhile Business Deputy Director of Food Company Vo Thi Thanh Huyen applied for the program to support small-and medium-sized enterprises (SME) in Vietnam to expand their business globally and build … [Read more...] about Vietnam’s e-commerce to earn $10 billion by 2020
Vietnamese spend billions of dollars on overseas study
The Hanoitimes - Up to 90% of Vietnamese students abroad pay full-fee for their studies even in the world’s most expensive countries. Vietnamese people spend billions of dollars on studying abroad each year, mostly in the developed countries such as the US, Australia, the UK, and Japan. Illustrative photo Up to 90% of Vietnamese students abroad pay full-fee for their studies even in the world’s most expensive countries aforementioned. As of 2017, the money which Vietnamese students paid for tuition in the US was more than US$1 billion, followed by Japan with US$990 million, US$914 million in Australia, and US$400 million in the UK. In the US, the number of Vietnamese students amounted to 31,389 as of end-2017. Annual average expenses for a student in the US are around US$36,564, according to the Student and Exchange Visitor Information System (SEVIS). In Japan, Vietnam ranks second in terms of overseas students with 61,671 in … [Read more...] about Vietnamese spend billions of dollars on overseas study
FIEs contribute billions of dollars to state budget
For the first time, foreign invested enterprises’ revenue and specific contributions to Vietnam’s state budget have been revealed, with the electronics and garment-textile industries being their biggest earners. FIEs contribute billions of dollars to state budget, illustration photo The Department of Corporate Finance (DCF) under the Ministry of Finance last week released a report on foreign-invested enterprises’ (FIEs) business and production for the 2012-2016 period conducted a few months ago. Results showed that FIEs’ contributions to state coffers rose from $3.7 billion in 2012 to $4.94 billion in 2013, $5.5 billion in 2014, $6.26 billion in 2015, and $7.18 billion in 2016 (excluding contributions from crude oil exports). Tran Tu Quynh, Chairman the Bac Ninh People’s Committee, reported that South Korean giant Samsung, with its Samsung Electronics and Samsung Display facilities based in the province, has been contributing the most to the … [Read more...] about FIEs contribute billions of dollars to state budget