Attract foreign direct investment

Print has been the mainstay, but times change and so must the press. Photo: Le Toan Since taking a role as an economic counsellor at the Indonesian Embassy to Vietnam a few years ago, Ance Maylany Napitupulu has considered the local media a reliable source of information for her work. “I’m quite impressed by what Vietnam Investment Review has been doing in conveying information via in-depth stories on both online and print newspapers, and especially in organising events,” Napitupulu said. Napitupulu attended VIR ’s conference themed “Stronger Investment Partnerships for a Thriving Vietnam” in May, where she had an opportunity to establish relations with experts. This was the second time that Napitupulu had participated in such large-scale events led by VIR , which she said is becoming a professional event organiser besides its well-established expertise in the Vietnamese press. “I hope to have another opportunity to attend VIR events as they will provide me with new … [Read more...] about Evolving demands and trends dictate VIR‘s future

The mega container ship M/V OOCL SPAIN enters the Gemalink port, which is part of the Cai Mep-Thi Vai port complex in Phu My town, Ba Ria-Vung Tau province. (Photo: VNA) Hanoi (VNA) – The development of a free trade zone in Ba Ria-Vung Tau with link to local seaports is expected to provide the southern province with opportunities to increase its attractiveness to foreign investors and to access technical assistance from partners in borderless trade. In the most common understanding, a free trade zone is a geographical area within a country or a territory where import and export taxes and trade management measures are not applied. If effectively implemented early, this solution will not only allow Ba Ria-Vung Tau to efficiently utilise its potential and opportunities in the new context but also create a ripple effect for the entire Southeastern region, Director of the Central Institute for Economic Management (CIEM) Tran Thi Hong Minh assessed at a logistics development … [Read more...] about Ba Ria-Vung Tau sees breakthrough opportunities with model of seaport-linked free trade zone

Keijo Norvanto, Ambassador of Finland to Vietnam On behalf of the Embassy of Finland to Vietnam and the Finnish business communities in Vietnam, I would like to congratulate Vietnam Investment Review on its 32 nd anniversary. I would like to express our appreciation to the VIR editors and its dedicated and talented reporters for their continuous work, introducing the Vietnam business environment and opportunities to Finnish businesses. Moreover, VIR ’s continuous cooperation with us provides the audience with Finnish experiences and know-how in education, circular economy, and other advanced technologies. The Vietnamese government committed to net-zero by 2050 and recently joined the Just Energy Transition Partnership declaration that aims to contribute to Vietnam’s sustainable development. In that, Finland possesses globally competitive technology and expertise in many areas, which will help Vietnam achieve the country-set targets. Additionally, our proven … [Read more...] about Defining the role of the press in business

The “big piece of cake” is available There are about 2.1 billion Muslims globally. The yearly amount of money they spend is estimated at about USD 10 trillion. Most of Muslim tourists to the province come from the Middle East, India, Pakistan, Malaysia, Singapore, and Indonesia with stable and strong financial resources and willingness to pay. According to experts, Islamic tourism, also known as Halal tourism is shifting to Southeast Asian countries, including Vietnam. However, according to Ms. Tran Nu Ngoc Anh, an E.U. project expert, CEO of Dong A Hotel Group Joint Stock Company, to tap Islamic tourism, it requires tourist destinations, accommodation facilities, restaurants to have separate reception space and other facilities that meet their dietary needs, strict religious living habits, respect for different religious rituals, and separate reception times to avoid overlapping with reception times for other guests. Therefore, it needs the synchronicity and accuracy in … [Read more...] about Quang Ninh seeks ways to attract Muslim tourists

Illustrative image (Photo: adb.org) Jakarta (VNA) - The Asian Development Bank (ADB) announced on September 25 that it has approved a 500 million USD loan to support Indonesia’s development agenda and reform priorities in creating an enabling environment for investments, easing trade barriers, and upscaling enterprises. This second of three subprograms of the Competitiveness, Industrial Modernisation, and Trade Acceleration Program (CITA) builds on the success of the first subprogram approved in October 2021. ADB Country Director for Indonesia Jiro Tominaga said that to achieve high-income status by 2045, the government anticipates that Indonesia's gross domestic product must grow by at least 6.0% annually, significantly above the pre-pandemic average of 5.3%. Indonesia is making good progress in its recovery from the COVID-19 pandemic, but ongoing structural reforms are needed to boost its growth potential by stimulating investment, job creation, improved … [Read more...] about ADB approves loan supporting Indonesia’s business reform