US Treasury Secretary Steven Mnuchin said the agreement with China over the weekend provides a path to eliminate the $335 billion US trade deficit with that country AFP/SAUL LOEB Treasury Secretary Steven Mnuchin said on CNBC the US and China had held "very specific discussions" in Buenos Aires on Saturday evening on steps to defuse their conflict, which involves hundreds of billions in bilateral trade and had roiled world markets for months. White House economic advisor Larry Kudlow said he expected the 25 per cent punitive tariffs on US farm goods to be rolled back and urged China to take immediate steps to implement some of its commitments in order to give them "more credibility." Mnuchin said for the first time there was "a clear path" to reduce the US trade deficit with China to zero. "There was a significant commitment from both leaders on what needs to be done over the 90 days and instructions to both teams to negotiate and turn this into a real agreement with specific action … [Read more...] about US wants “concrete” trade action from China within 90 days
90 day investments
The Hanoitimes - The amended investment and enterprises laws will soon be submitted to Vietnam’s National Assembly and will be adopted in November this year. These statutes aim to reduce administrative bureaucracy and mobilise more foreign and local capital into production. For the first time, the laws present a pro-investor approach which will, hopefully, create a new wave of foreign investment into Vietnam. Dr Le Net, partner of LNT & Partners law firm highlights the most important changes in these two laws. Abolition of Investment Certificates for many foreign invested enterprisesThe amended and restated Law on Investment will only require Investment Certificates (IC) for conditional investment projects. Other projects (e.g., production projects) may proceed without an IC. That means foreign investors may establish a company in Vietnam by registering its enterprise and obtaining a Business Registration Certificate (BRC) in the same manner as Vietnamese investors. If … [Read more...] about Revised investment, enterprise laws to bolster influx of capital – Opportunities – Investment
by Thu Anh Historical films, long a neglected genre in award competitions, will have their chance to shine when the Viet Nam Film Festival is held in Phu Yen Province in December. After a decade of domination by commercial films, the prestigious Golden Lotus award will include the film company Ky Nguyen Sang's film Khat Vong Thang Long (Thang Long Aspiration) in the best film category. The film is about the life of King Ly Thai To who moved the capital from Hoa Lu (now in the northern province of Ninh Binh) to Thang Long (Ha Noi). The producer released the film to celebrate the 1,000th anniversary of capital Ha Noi last year. Khat Vong Thang Long will compete with four other historical films in addition to 13 commercial films nominated for the prize. Last year, the film took home prizes for best director and best actor at the Golden Kite Awards, presented annually by the Viet Nam Cinematography Association. The film was also selected to compete in the foreign language category at … [Read more...] about Historical films to have their day at festival
Viet Nam News spoke to Austrian Ambassador Georg Heindl to mark his country's National Day today. The two countries will mark the 40th anniversary of diplomatic relations next year. How do you view the development of bilateral ties over that period? I am aware that the Government of the then Democratic Republic of Viet Nam appreciated the early opening of diplomatic relations by the Republic of Austria, which took place on December 1, 1972. The doi moi (renewal) policy gave a huge boost to bilateral relations. From the early 1990s on, the economic potential of Viet Nam was seen clearly in Austria, and opening an embassy was on the agenda. Already in 1995, the then Austrian Federal President Thomas Klestil visited Viet Nam. In 1998, finally, the means were found to open the embassy. Since then, relations, especially in the areas of trade, culture and university education have intensified steadily. The visit of Vietnamese President Nguyen Minh Triet to Austria in 2008 was another … [Read more...] about Austria expects to step up investments
Danang has been designated by the central government to be the core city of the Key Economic Zone in central Vietnam, the entrance to the UNESCO World Heritage sites, and the terminal point of the East-West Corridor linking with Laos, Thailand and Myanmar. It is clear that Danang's location makes it a strategic location from which your business can access potentially rich Vietnamese and other Asian markets.I. STRATEGIC LOCATION The coastal city of Danang is situated at the very heart of Vietnam, 759km from Hanoi and 960km from Ho Chi Minh City. It lies on the north-south communications axis of land ( National Road 1A), rail, sea and air routes. Danang borders Thua Thien - HueProvince in the north, QuangNamProvince in the south and the west, and the EasternSea in the east. It is located in a typical tropical area influenced by monsoons with an annual average temperature of 25.7C. The city has a natural land area of 1,256km2 and a population of 887,069 as of 01 April 2009. … [Read more...] about Why invest in Danang?