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Vietnam remains an attractive destination for foreign investors (Photo: VNA) Hanoi (VNA) - According to the Foreign Investment Agency under the Ministry of Planning and Investment (MPI), Vietnam is likely to attract 36-38 billion USD in foreign direct investment (FDI) in 2023. The figure was nearly 22.4 billion USD in 2022. Deputy Director of the FIA Do Van Su said disbursement of foreign investment this year is expected to hit 22-23 billion USD,. Su acknowledged that the opening of China’s economy might affect Vietnam's foreign investment attraction, adding that China remained the leading investment destination in the region, so when they opened up, capital will flow into this market while that to Vietnam and other economies in the region will be limited. On the contrary, the investment capital movement of the Republic of Korea (RoK) , Japan, and Taiwan (China) will be accelerated. This shift will be accelerated until 2025, and Vietnam will be a preferred investment … [Read more...] about Vietnam’s FDI projected to reap up to 38 bln USD in 2023

Flood-ravaged Auckland is forecast to receive further heavy rain in the coming days, authorities in New Zealand's largest city said on Monday, as insurers counted the costs of what looks likely to be the country's most expensive weather event ever. Four people lost their lives in flash floods and landslides that hit Auckland over the last three days amid record downpours. A state of emergency remains in place in Auckland and further south in regional Waitomo. Flights in and out of Auckland Airport are still experiencing delays and cancellations, while beaches around the city of 1.6 million are closed. "There has been very significant damage across Auckland," New Zealand Prime Minister Chris Hipkins told state-owned television station TVNZ on Monday. "Obviously there were a number of homes damaged by flooding but also extensive earth movements." Currently, around 350 people were in need of emergency accommodation, he added. Looming clouds Metservice is forecasting further … [Read more...] about New Zealand counts cost of Auckland floods, more rain forecast

Foreign capital is expected to continue to flow into the stock market as foreign investors' confidence remains strongly. — VNA/VNS Photo From being net sellers in the first nine months of 2022, foreign investors have become the driving force supporting the Vietnamese stock market in the last few months, and the inflows are expected to continue this year. In 2022, this group net disbursed more than VND29.2 trillion (US$1.2 billion) to the market, while it has net sold nearly VND18.8 trillion and set a record net selling value of over VND62.2 trillion in 2021. In November alone, more than VN16 trillion in net disbursed cash flow from foreign investors was significantly supported by exchange-traded fund (ETF) capital inflows into the market, primarily from the Fubon ETF and the VNDiamond Index-based ETF. A study by BIDV Securities Company (BSC) analysing over $50 billion owned by foreign investors on the Vietnamese stock market showed that more than half of foreign ownership is … [Read more...] about Foreign investors remain optimistic about VN stock market

Dawn breaks over Da River lake.(Photo: VietnamPlus) Hanoi (VNA) - As vaccination coverage is expanding, the severity of the SARS-CoV-2 virus is showing signs of dying out. As a result, Vietnam’s tourism needs to quickly work out harmonious measures for the coming period of recovery. A sad economic year for the tourism sector has come to an end after many tremors caused by successive outbreaks of COVID-19 . Vietnam’s green economy in 2021 failed to recover as seen through the statistics of the yearly review, yet many experts still believe that in 2022, accelerations will be created with attention and assistance from the government. Although the pandemic is still spreading with new variants, there are grounds for us to hope the constantly expanding vaccination coverage has helped weaken the severity of the SARS-CoV-2 virus. The clock is ticking towards the day when the world can contain and roll back the pandemic, opening up chances for socio-economic recovery. That is … [Read more...] about Vietnam’s tourism in 2022: measures for recovery, acceleration

A showroom displays and sells products under the country’s One Commune-One Product (OCOP) programme and other products in the Cuu Long (Mekong) Delta province of Tra Vinh. (Photo: VNA) HCM City (VNS/VNA) - The Cuu Long (Mekong) Delta’s 12 provinces and the city of Can Tho are developing more products under the country’s “One Commune-One Product” programme. Launched in 2018, the OCOP programme focuses on developing specialty products and high-quality products in rural areas to increase incomes for locals and boost the sustainability of economic development in rural areas. OCOP products are commercial products and services such as food and beverages, handicrafts and rural tourism services. They are classified as having one to five stars. Under the programme, the Cuu Long delta, which is the country’s largest rice, seafood and fruit producer, has developed more OCOP products and increased their value. Can Tho recognised 18 new OCOP products last year, including 10 three-star … [Read more...] about Mekong Delta develops more OCOP products

A Sunjin Vina Co plant in Ha Nam Province. — Photo danviet.vn South Korea-invested Sunjin Vina Co has received a licence from Hau Giang Industrial Zones (IZ) Management Board to develop a seafood feed plant in the province's Tan Phu Thanh Industrial Zone (IZ). The 2.6ha-plant, expected to cost US$23.6 million, will produce 126,000 tonnes of fish and shrimp feed products annually, the Vietnam Investment Review has reported. The plant's first phase is slated for completion in May 2024. Head of the board Tran Ngoc Hung described the plant's investment licence as a good start to the year for the province and the investor. He said his board would create all the most favourable conditions for the investor while coordinating with relevant departments to solve difficulties promptly, so that it could soon put the project into operation. Founded in 2007, Sunjin Vina Co now has four feed mills in Hung Yen, Ha Nam, Dong Nai and Tien Giang provinces with a total designed capacity of … [Read more...] about Hau Giang approves $23.6m seafood feed plant

Since mid-January, the region has experienced average daytime temperatures of below 15 degrees Celsius. On Monday most localities, including the capital Hanoi, would be no warmer than 22 degrees and nighttime temperatures would be 7-8 degrees, the National Center for Hydro-Meteorological Forecasting said. It said in the next two days nighttime temperatures would rise to 16 degrees and by the weekend to around 21 degrees. American site Accuweather said the temperature at night in Hanoi would rise to 18 degrees by Wednesday. The cold front has also affected other regions, leaving them with cool weather since early last week, with the mercury ranging between 16 and 21 degrees in the central region and 22 and 28 degrees in the south. … [Read more...] about Northern Vietnam cold wave to end this week

EXHIBITION HCMC-Exhibition ‘No more, not yet’ Opening: Feb 3, 06:30 pm EMASI Nam Long, 147 Street No.8, Nam Long Residential area, D7, Display: Feb – June, Wed & Fri, 10 am – 04 pm EMASI Nam Long (D.7) Tues & Thurs, 10 am – 04 pm EMASI Vạn Phúc (D.Thủ Đức) *and every last Saturday of the month From the organizer: Nguyen Art Foundation (NAF) proudly invites you to the opening of ‘No more, not yet’, an exhibition that looks back on Nguyen Thi Thanh Mai’s shapeshifting artistic practice in all its multiplicity. Winner of the Artist Excellence Award (inaugural edition, initiated by The Factory Contemporary Arts Centre and managed by in-tangible institute), her work is presented here alongside nearly 20 artists whom she calls her colleagues and friends. The exhibition will be on display from February to June 2023 across the campuses of EMASI Nam Long and EMASI Van Phuc. Hanoi-Exhibition “This is not A Dream” Exhibition: Until Mar … [Read more...] about What’s on January 30-February 5/2023