At which pilgrimage site a new airport is announced under the 2022 23 budget of gujarat

Ha Nam’s distinctive advantage, according to many investors, lies in its proximity to Hanoi. Strategically located at the centre of the North Central region, Ha Nam is an intersection of key transportation routes. The province provides convenient access to neighbouring areas such as Hanoi, Haiphong, Bac Ninh, Bac Giang, Thai Nguyen, and others. Additionally, it is home to some northern arterial routes, namely the Cau Gie-Ninh Binh motorway, national road 1A, and the North-South motorway. Due to its ideal location near the major economic centre of Hanoi and its developed infrastructure, Ha Nam greatly facilitates the activities of transporting and trading goods. Meanwhile, its industrial parks (IPs) feature a comprehensive infrastructure base, including transport, power, water supply system, and waste-water treatment stations that perfectly match businesses’ long-term development goals. Located in the Dong Van 3 IP, the GNP Dong Van 3 project has all the geographical … [Read more...] about Ha Nam province – a new manufacturing hub for SME expansion

Keep up to date with the latest developments in Vietnam. Hanoi has a new chip development centre Delegates attend the opening ceremony of new chip development center. Photo: Infineon Technologies German semiconductor solutions provider Infineon Technologies announced on May 31 the establishment of a new chip development center in Vietnam's capital city of Hanoi. The center will focus on testing and customizing digital and analog signal circuits to support applications such as autonomous driving, battery monitoring, and balancing. The new office is expected to employ around 25 technical experts by the end of this year and will report to Infineon Technologies Vietnam, a subsidiary of Infineon Technologies Asia-Pacific. The center is expected to play a key role in Infineon's growth plans for its design and support services business. First ICHAM CUP Golf Tournament runs until August 7 The first ICHAM CUP golf tournament, organized by the … [Read more...] about Vietnam News Highlights for June 1, 2023

The ministry’s proposal to extend the special consumption tax (SCT) payment period is expected to give a boost to the vehicle market, and create better conditions for cars manufacturers across the country. Currently, there are 12 vehicle manufacturing and assembling enterprises that could benefit from the extension (see box). Thanks to the support from the government policies, the domestic auto industry has recovered markedly from the pandemic and other pressures, with growth and sales in 2022 much higher than in 2019. However, output and sales of domestically manufactured cars are decreasing. In October 2022, the output was 25,571 vehicles and the corresponding SCT was $169 million. In November, the output decreased to 23,658 vehicles, and the corresponding SCT was $148 million. In December 2022, the amount of SCT incurred was $140 million; in January 2023, the amount was only $63 million. The Ministry of Finance (MoF) has yet to announce SCT collected in recent months. … [Read more...] about Carmakers keen on extension of SCT pay

According to recent statistics, foreign direct investment (FDI) disbursement in Vietnam in 2022 reached a record of $22.4 billion, an increase of 13.5 per cent on-year. Peter Ryder - CEO at Indochina Capital Vietnam’s attractive geographical location, ample supply of young and skilled labourers, and a consistent track record of high-performing economic growth have contributed to the country’s success in attracting FDI. Additionally, the Vietnamese government has implemented attractive incentives, making the country a desirable destination for foreign investors. One notable example of FDI in Vietnam’s high-tech sector is Samsung, which has invested heavily in the country. In December 2022, Samsung opened Southeast Asia’s largest research and development centre in Hanoi, with an estimated cost of $220 million. The company also announced plans to increase funding in Vietnam from $18 billion to $20 billion. Moreover, the Samsung Electro-mechanics Vietnam project … [Read more...] about Insights garnered in high-tech FDI

Hanoi (VNA) - The following is a list of selected news summaries last night by the Vietnam News Agency. - The 15th National Assembly's fifth session continued its ninth working day in Hanoi on May 31, under the chair of NA Chairman Vuong Dinh Hue. Moderated by NA Vice Chairman Nguyen Duc Hai, the NA convened a plenary session to discuss the supplementary assessment of the implementation of the socio-economic development plan and State budget for 2022, as well as the performance in the early months of 2023. Read full story - Deputy Prime Minister Tran Hong Ha welcomed Dutch firms and partners to join in the pilot scheme for rooftop solar installation in Vietnam during a reception in Hanoi on May 31 for Dutch Ambassador to Vietnam Kees van Baar. Deputy PM Ha said Vietnam and the Netherlands are strategic partners in climate change adaptation, water management, sustainable agriculture and food security. Read full story VUFO President Ambassador Nguyen Phuong Nga receives … [Read more...] about ☀️ Morning digest June 1

Australian Prime Minister Anthony Albanese will pay an official visit to Vietnam on Saturday at the invitation of Vietnamese Prime Minister Pham Minh Chinh, according to the Ministry of Foreign Affairs. This will be his first visit to Vietnam since he took office in 2022. The Australian prime minister’s visit will be made two months after Australian Governor-General David Hurley’s state visit to Vietnam. His two-day visit is aimed at marking the 50th anniversary of diplomatic ties between Vietnam and Australia. Australian Prime Minister Albanese will meet several top Vietnamese officials during his trip, said the Australian Embassy in Vietnam. “The leaders will come to the table about measures to deepen the partnership in trade, investment, education, energy, and environmental protection," the embassy said. “Vietnam is one of Australia’s key strategic economic partners in Southeast Asia, which is a focus of Australian Prime Minister Albanese." “My first official visit to … [Read more...] about Australian prime minister to visit Vietnam this weekend

Vietnam’s fishing activities are discarding 8,700 tonnes of plastic waste every year, including 7,600 tonnes discharged by fishing boats. Environment workers collect styrofoam buoys which are discharged on Ha Long Bay by fish farms. Photo by nld The figures were announced by vice head of the Vietnam's Institute of Fisheries Economics and Planning, Nguyen Thanh Binh at a seminar on plastic waste in agriculture held on May 31 in Hanoi. Binh presented a survey recently carried out at the Quy Nhon Fishing Port by the Binh Dinh Provincial Fisheries Department which showed that 10 fishing boats are discharging an average of 138 kilos of plastic bottles and about 58 kilos of plastic bags when returning from a trip every day. Over four tonnes of plastic waste are being discharged at the port a month. "Lots of plastic waste like styrofoam buoys are also being dumped into the sea by aquaculture farmers," he said. "Local authorities are currently collecting waste and … [Read more...] about Vietnamese fishing activities dump 9,000 tonnes of plastic waste annually

At a working session with the Standing Board of the provincial Party Committee as part of his visit to the northern mountainous locality, Prime Minister Pham Minh Chinh said Ha Giang boasts unique potential and competitive advantages to grow rapidly and sustainably. “Ha Giang should always desire for rapid, green, sustainable development,” he said, asking the locality to optimize its strengths and opportunities to growth further. The Prime Minister urged Ha Giang to accelerate public investment disbursement, drastically implement the national target programs and the socio-economic recovery and development program, and push ahead with the materialization of strategic breakthroughs in institution, infrastructure and personnel training. At the same time, more attention should be paid to the growth engines of investment, consumption and export, he said, asking the locality to restructure its industrial sector, and develop hydro-electricity in tandem with the rational use of water … [Read more...] about Prime Minister asks Ha Giang to pave way for development with mechanisms, policies

Prime Minister Pham Minh Chinh shakes hands with local leaders. (Photo: VNA) Ha Giang (VNA) – Ha Giang province needs to better the drawing of mechanisms and policies, and reform administrative procedures in order to pave way for development and lure investments, especially in its priority areas and products, Prime Minister Pham Minh Chinh said on May 28. At a working session with the Standing Board of the provincial Party Committee as part of his visit to the northern mountainous locality, Chinh said Ha Giang boasts unique potential and competitive advantages to grow rapidly and sustainably. “Ha Giang should always desire for rapid, green, sustainable development,” he said, asking the locality to optimise its strengths and opportunities to growth further. The PM urged Ha Giang to accelerate public investment disbursement, drastically implement the national target programmes and the socio-economic recovery and development programme, and push ahead with the … [Read more...] about PM asks Ha Giang to pave way for development with mechanisms, policies

Vietnam’s long-awaited Power Development Plan VIII (PDP8), confirmed in mid-May, is a milestone in the country’s journey towards energy transition. The main objective of the legislation is to achieve energy security for Vietnam, progressing on its climate change commitments towards the middle of this century, and more specifically to export 5,000-10,000MW of power by 2030. Towards these goals, the PDP8 proposes a new energy mix with a substantial reliance on renewables and the development of smart transmission grids to support the renewables industry, including connecting the power grids with neighbouring countries. “We appreciate the government for the approval of the PDP8, as it provides a clear path to the completion of the grid interconnection, which is critical for us and Electricity of Vietnam (EVN) to complete agreement on the tariff and schedule of the power purchase agreement (PPA). We target completion of the PPA in Q4 of 2023 in order to break ground in 2024,” said Ian … [Read more...] about Power overhaul plan picks up steam