The Vietnamese Ministry of Industry and Trade (MoIT)’s Industry Agency and the UN Industrial Development Organisation (UNIDO) on October 22 released the Vietnam Industry White Paper 2019.
Hanoi (VNA) – The Vietnamese Ministry of Industry and Trade (MoIT)’s Industry Agency and the UN Industrial Development Organisation (UNIDO) on October 22 released the Vietnam Industry White Paper 2019.
The white book was built within the framework of the project “Support to the Government of Vietnam in the formulation of sub-sector industrial strategy and of related implementation policy through institutional capacity building” that has been carried out by the two sides since 2016, with the sponsor of the Republic of Korea (RoK).
Recommendations in the paper will be taken into account during the Government’s building of industrial policies in order to enhance the role of the processing and manufacturing sector, said Nguyen Thi Xuan Thuy from the MoIT’s Industry Agency, who is also head of the compilation group.
Le Thi Thanh Thao, UNIDO Country Representative in Vietnam, said industrial competition is the main growth momentum in developing countries as a competitive industry will accelerate the structural shifting that is a decisive factor in national development and poverty reduction.
She pledged to further coordinate with the MoIT in industrial development in Vietnam.
Over the past time, UNIDO has closely partnered with the ministry in promoting strategies and policies on industrial development through institutional capacity enhancement, completing industrial reports in both public and private sectors and proposing strategies and specific policies for the processing and manufacturing sector.
UNIDO’s Competitive Industrial Performance Index reveals that in 2018, Vietnam ranked 42nd globally and fifth among South and Southeast Asian nations, as compared with the 69th place the country recorded in 2006, she said.
Deputy Minister of Trade and Industry Do Thang Hai said contributions of the processing and manufacturing sector to the national gross domestic product (GDP) increased from 12 percent in 2010 to 16 percent last year.
♏ The sector has contributed over 80 percent of the country’s total export value over the past decade and created 9.7 million jobs, he added./.
Prime Minister Nguyen Xuan Phuc emphasized the need to facilitate the development of the mechanical engineering industry while addressing a conference in Hanoi on September 24.
Digital transformation is not only a trend but also essential for businesses to thrive as the fourth industrial revolution (4IR) has boomed globally, heard at a conference held in Ho Chi Minh City on October 20.
Nguyen Phuong, sales director of Minh Thanh Co., Ltd, said his company plans to invest more than 50 billion VND (2.15 million USD) in a production chain for bedroom and living room furniture.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
At the event (Source: moit.gov.vn)
