Investment

An initiative aimed at converting existing industrial parks into eco-friendly production facilities is being piloted in the nothern province of Ninh Binh, the Mekong Delta city of Can Tho, and the central city of Da Nang.

The 107-km expressway will be built connecting northern Ninh Binh province and central Thanh Hoa province.

As of June 20, the northern province of Ninh Binh reeled in a total FDI of USD 1.09billion, registered by 39 projects, reported the provincial Department of Planning and Investment.

The Trans-Pacific Partnership (TPP) negotiations remained deadlocked with the latest round in Hawaii failing to reach a final agreement as expected. The 12 member countries will continue to conduct bilateral negotiations to remove key barriers to market access.

Vietnam and the EU and have reached an agreement in principle for a free trade agreement (FTA) after two and a half years of intense negotiations, announced a press conference in Hanoi on August 4.

Foreign direct invested (FDI) enterprises have created a momentum for developing products made in Vietnam, heard participants at a conference entitled "Proud of Vietnamese goods", held in Hanoi on July 31st.

Disbursement of foreign direct investment (FDI) in the first seven months of 2015 rose 9% from the same period last year, according to the Foreign Investment Agency.

According to a report from the Ninh Binh provincial Steering Committee for national target program on building new rural areas,16communes have by July, 2015, met all the 19 criteria required to be named a new-style area.

Ninh Binh is striving to raise its industrial production value to nearly 32.9 trillion VND (1.5 billion USD) in 2015, a sharp year-on - year rise of 23 %, according to a report made by the provincial department of industry.

The National Financial Supervisory Commission (NFSC) has projected that the Vietnamese economy will expand by 6.3% in the first nine months of the year.

As of June 20, Japan had invested US$37.7 billion in a total of 2,661 projects throughout Vietnam as indicated by statistics from the Foreign Investment Agency.

The Prime Minister has given the nod to a plan to build a coastal road connecting the northern localities of Thanh Hoa, Ninh Binh, Nam Dinh, Thai Binh, Hai Phong and Quang Ninh.

Gross domestic product (GDP) growth rate was estimated at 6.11 percent in the first half of 2015, compared to the 5.18 percent in the same period last year, statistics revealed at a meeting on June 24.

The northern province of Ninh Binh is estimated to make an industrial production value of 16.02 trillion VND (734 million USD) in the first half of 2015, representing a year-on-year rise of 24,9%.

Vietnam's economy in the first half of 2015 continued to grow steadily, with social investment and investment by enterprises posting strong growth, while the financial and property markets saw positive changes.

Eight years after the country joined the World Trade Organization,Ninh Binh has recorded significant industrial production and trade growth, increased investment efficiency and improved governance.

Concerted efforts have been made by Vietnam to fully implement commitments under the World Trade Organisation (WTO)'s Trade Facilitation Agreement (TFA), it was revealed at a conference held in northern province of Lao Cai province on May 18.

Disbursement of existing foreign direct investment (FDI) recorded a year-on-year rise of 5% to hit US$4.2 billion in the first four months of this year, according to the latest report from the Ministry of Planning and Investment's Foreign Investment Agency.

A delegation led by Minister of Agricultural and Rural Development Cao Duc Phat attended the Asian Development Forum that opened on April 19 in Jakarta, Indonesia.