Former senator praises Vietnam’s miracle growth

Photo for illustration (Source: laodong.com.vn)

Former Senator Eddie "Kuya Eddie" Ilarde, the first president of the Philippines-Vietnam Friendship Association, returned to Manila from a visit to Hanoi, greatly impressed by what he saw. The former senator said in the "Phoenix-like Vietnam" story published by the Manila Bulletin on November 16th. "Vietnam has emerged as one of the fastest-growing economies in Southeast Asia. It has an open Foreign Investment Law, offering up to 100% foreign ownership," he said in an interview with Radio … [Read more...]

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Samsung Life Insurance presents computer room to Dong Tam Junior High School

Samsung Life Insurance Co., Ltd. (South Korea) on November 18 afternoon presented a computer room to Dong Tam Junior High School (Ninh Giang district). The computer room is equipped with 25 sets of desks and chairs, 25 sets of computers, one printer, one projector, two air conditioners, one voltage stabilizer, and one LAN system. The investment cost totaled VND420 million. The computer room is a work under the project of "Vietnam Computer class of joining hand hope", implemented through the … [Read more...]

Vietnam keen to attract more foreign investors

Hanoi, November 18 (VNA) - Registered and disbursed foreign direct investment (FDI) along with the issuance of investment certificates in the first ten months of this year have been consistent with a stable business climate, radio the Voice of Vietnam quoted Minister of Planning and Investment Bui Quang Vinh as saying. Though Vietnam has become more attractive with its tax incentives, low-cost labour, and long coastline and its increasingly modern port infrastructure, FDI attraction policies … [Read more...]

Vietjet launches air cargo service

With a team of Vietjet professional companies and strategic business development plans, Vietjet Air Cargo is believed to become the leading cargo airline in Vietnam and Southeast Asia.

VietNamNet Bridge – Low-cost airline Vietjet Air today introduced its affiliate company, Vietjet Air Cargo, which will provide global air-cargo transport services. … [Read more...]

Vietnam creates best condition for foreign investors

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The Hanoitimes - The Vietnam government has done its best to create a favourable investment environment and in the 10 months leading up to November the nation's economy is like a locomotive gaining momentum. Minister of Planning and Investment Bui Quang Vinh adds that registered and disbursed foreign direct investment (FDI) along with the issuance of investment certificates during the period have been consistent with a stable business climate. Dr Nguyen Dinh Cung, Central Institute for … [Read more...]

Full steam ahead for foreign investment in Vietnam

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(VOV) - The Vietnam government has done its best to create a favourable investment environment and in the 10 months leading up to November the nation's economy is like a locomotive gaining momentum. Minister of Planning and Investment Bui Quang Vinh adds that registered and disbursed foreign direct investment (FDI) along with the issuance of investment certificates during the period have been consistent with a stable business climate. Dr Nguyen Dinh Cung, Central Institute for Economic … [Read more...]

Hi-tech transfers by foreign firms remain a pipe dream

Many Vietnamese economists said technology transfer by FDI firms in Vietnam was very poor

VietNamNet Bridge - Sixty six per cent of the technology transferred to domestic firms came from other domestic firms using low and medium-grade technology, according to the results of a survey of firms released last week by the Central Institute of Economic Management. "This suggests that technology transfers are taking place primarily between domestic firms. This also suggests that foreign direct investment (FDI) may not be required for learning to take place between firms," stated the … [Read more...]

Samsung’s US$3 billion project expected in Thai Nguyen Province

South Korea's Samsung Electronics Company has worked with the northern province of Thai Nguyen on a US$3 billion smart phone project, announced the Investment Promotion Center under the province's Department of Planning and Investment. Samsung Electronics Vietnam plans to deploy the project in the province, where a US$2 billion smart phone plant has already come into operation since March, said the center. If the project is licensed, Samsung will be the largest foreign investor in Vietnam with … [Read more...]

Korea supports E-learning for National Economic and Technical College

The conference on E-learning in NETC on November 11. (Photo: Vu Oanh)

(CPV) - The Korea International Cooperation Agency (KOICA) and Samsung Electronics on November 12 handed over the project of improvement of capacity and education environment to the National Economic and Technical College (NETC) in Hanoi - a Public Private Partnership of KOICA. Accordingly, some of USD145,000 spent for the construction of a KOICA-Samsung E-learning center with installed hardware and software from July to November 2014. The project is a cooperation result proposed and … [Read more...]

Vietnam province says licensing of Samsung’s additional $3bn investment not yet confirmed

The new smartphone plant will reportedly be located next to an

Authorities of a northern Vietnamese province are considering licensing a fresh investment of US$3 billion by Samsung Electronics to build a mobile phone factory there, but the details are yet to be confirmed, the provincial chairman said Tuesday. existing facility in the Yen Binh Industrial Park of Thai Nguyen Province, according to information obtained by Tuoi Tre (Youth) newspaper. … [Read more...]

Vietnam Attracts over US$218 Billion of FDI in 25 Years

The Ministry of Planning and Investment said Vietnam has lured over US$218 billion of foreign direct investment (FDI) in the past 25 years, of which the industrial and construction sectors account for nearly 60 percent.

FDI source has played an important role in Vietnam's economy in the past 25 years. This has become one of the most dynamic economic sectors in the country. … [Read more...]

Strengthening Cooperation between VCCI and Bucheon CCI, Korea

Recently, at the headquarters of the Vietnam Chamber of Commerce and Industry (VCCI), Dr Doan Duy Khuong, VCCI Vice President had a meeting with South Korean delegation led by Mr Sung Man Cho, President of the Chamber of Commerce and Industry of Bucheon (Korea) in the working visit in Vietnam. At the meeting, Dr Doan Duy Khuong said that Vietnam has always attached great importance to developing the cooperation with South Korea. In particular, VCCI is ready to cooperate with chambers of … [Read more...]

Breakfast @ Tuoi Tre News – November 12

Society:

Here are the top news stories in Vietnam in brief for today, November 12, 2014. -- Police in Vietnam have arrested two suspects, one 61 years old and the other 43, in Hanoi for forging the signature of the country's Prime Minister Nguyen Tan Dung to cheat their business partners. … [Read more...]

Jets depart Saigon belly full as Samsung spurs cargo boom

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An EVA Airways Corp. Boeing 777 passenger plane stands on the tarmac at Tan Son Nhat International Airport in Ho Chi Minh City, Vietnam, on Nov. 5, 2014. EVA Airways, like other airlines, carries cargo in the bellies of passenger planes. The company plans … [Read more...]

Samsung to build second factory in Thai Nguyen

VGP - The Northern province of Thai Nguyen on Tuesday granted an investment certificate to Samsung Electrics Viet Nam (SEVT), opening way for the company to build the second mobile phone factory in the locality. The US$3 billion project will be located near the company's first factory which came into operation in March this year with the total investment capital of US$2 billion. The two factories are expected to create jobs for around 100,000 local residents. Samsung has become the biggest … [Read more...]

Market flat despite increased liquidity

Phuong Thao Stocks fluctuated strongly in much of the session before tumbling in the last minutes, sending the VN-Index down a slight 0.47 point, or 0.08%, to close at 602.12. Despite KDC and VIC gains, the drop was led by PVD, HSG and GAS. At the close of the day, there were nearly 139 million shares worth over VND2.8 trillion traded on the Hochiminh Stock Exchange, jumping 10.5% and 32% against the previous session. On the Hanoi market, the HNX-Index fell 0.03 point, or 0.04%, at 89.51. … [Read more...]

Samsung invests $3 billion more in Vietnam

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VietNamNet Bridge - With a new $3 billion project, Samsung's total investment capital in Vietnam has reached US$11.2 billion, becoming the largest foreign investor in the country. … [Read more...]

Vietnamese engineer wins Singapore prize for trip planning app

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A young Vietnamese engineer's efforts and passion for technology have paid off as he and his team last month won a prestigious Singaporean prize for their innovative app which provides users with hassle-free trip planning. The app, called Fiuzu, is available at fiuzu.com. It is the result of the hard work of 32-year-old Huynh Phung Huynh and his team. … [Read more...]

EVN fulfils yearly power generation plan

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EVN fulfils yearly power generation plan (Illustrative image. Photo: VNA) … [Read more...]

Samsung Electronics to build $3 bln smartphone plant in Vietnam

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A file photo taken at a factory of Samsung Electronics Vietnam … [Read more...]