With the aim to promote the strength on the key economic fields such as industry, services and seaports, in 3 years from 2013 to 2015, Ba Ria-Vung Tau province will prioritize funds for infrastructure projects. This investment is aimed at removing problems on road traffic that the port system is encountering.
Belgian Crown Prince Philippe, accompanied by executives from 200 businesses, arrived in Vietnam on March 11 for a visit that will last till March 16 to promote trade and economic linkages between the two countries.
The operation of the ports and import-export companies in HCM City have been upset because of the serious congestion of goods at the port, caused by the decision to restrict trucks on some routes to the inner city.
Vietnam completed 88 percent of annual export target in the first nine months. Export turnover was estimated to reach US$70 billion in the January - September period, up 25.4 percent year on year. Foreign-invested companies raked in US$32.5 billion (excluding crude oil) in the period, up 35.2 percent. Up to 20 exports brought in at least US$1 billion each.
35 years after Vietnam and the Philippines established diplomatic ties, the bilateral relations have thrived in most areas like politics, economy, trade and investment, science, technology, agriculture and fisheries.