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OPPORTUNITIES AND CHALLENGES FOR VIETNAM S AUTOMOBILE INDUSTRY – Mega Story

The modern automobile production line of VinFast (Photo: VNA) Hanoi (VNA) – The development strategy for Vietnam’s automobile industry to 2035, approved by the Prime Minister on July 16, 2014, identified this industry as an important driver of national industrialisation and modernisation that needs to be facilitated by stable, consistent, and long-term policies. Under this…

Quang Binh to hold investment promotion conference next year | Business

A view of Hanoi (VNS/VNA) – The central province of Quang Binh will organise an investment promotion conference in mid-January 2021 in Dong Hoi city, according to the provincial People s Committee. “This conference is an opportunity for Quang Binh to show its great potential in economic development and as an attractive and reliable investment destination for all investors, Secretary of the Party Committee of Quang Binh Vu Dai Thang said. It will focus on introducing the potential and strengths of Quang Binh, including the energy industry, tourism, services, agriculture and the marine economic sector. At the event, the People s Committee of Quang Binh will approve investment

Vietnamese firms in northern Laos strengthen ties to weather difficulties | Business

Saturday, December 05, 2020 15:32 A representative (standing) of a Vietnamese company in Xieng Khouang province speaks at the conference on December 13 (Photo: VNA) Vientiane (VNA) – More than 50 Vietnamese enterprises operating in eight northern provinces of Laos gathered at a conference held by the Vietnamese Consulate General in Luang Prabang province on December 13. Noting certain difficulties facing them in northern Laos, the companies said this region, accounting for nearly half of the country’s area and two-fifths of the total population, features mountainous terrain, limited transport and communication infrastructure, scattered population, and weak purchasing power. There are also some obstacles relating to legal

Reference exchange rate down 3 VND at week s beginning | Business

The State Bank of Vietnam set the daily reference exchange rate at 23,143 VND per USD on December 14 (Photo: VNA). Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchange rate at 23,143 VND per USD on December 14, down 3 VND from the last working day of previous week. With the current trading band of +/-3 percent, the ceiling rate applied to commercial banks during the day is 23,837 VND/USD and the floor rate, 22,447 VND/USD. The opening hour rates at most commercial banks remained stable. At 8:30 am, Vietcombank listed the buying rate at 23,010 VND/USD and the selling rate at 23,220 VND/USD, unchanged

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