Vietnam attracted nearly 5.45 billion USD worth of foreign investment in the first quarter of the year, down 39% year-on-year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment. A factory in Dong Nai province's Giang Dien Industrial Zone. (Photo: VNA) Of the three-month figure, over 3 billion USD came from 522 newly-licensed projects, up 62% in a number of projects but down 6% in the amount of capital compared to the same period last year. Some 1.2 billion USD was added to 228 existing ones, representing a yearly hike of 3% in a number of projects and a yearly decline of 70.3% in the capital. However, foreign investors' capital contribution and share purchases rose 4% year-on-year to 798 million USD, the FIA said. Along with the contraction in fresh capital, the disbursed capital also slightly plunged 2.2% from a year earlier to 4.3 billion USD, it noted. The most significant proportion of the period's … [Read more...] about Vietnam’s foreign investment plunges 39% in Q1
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Durian to make breakthrough for Viet Nam’s fruit exports
A durian farm in the southern province of Ba Ria-Vung Tau's Chau Duc District. — VNA/VNS Photo The export of Vietnamese durian to China through the official channel since September 2022 opened up new prospects for Viet Nam's fruit and vegetable industry. According to statistics from the Ministry of Agriculture and Rural Development (MARD), Viet Nam has over 100,000 ha of durian with an annual output of about 1.3 million tonnes. However, only 3,000 ha (3 per cent) of the total meet standards for export to China. The Mekong Delta province of Tien Giang and the Central Highlands province of Dak Lak have the largest durian areas meeting export standards in the country. According to the Deputy General Director of Dung Thai Son Import-Export Company, Vu Ngoc Huy, China is a large market with a strong durian consumption capacity. The firm can export 500,000 tonnes of fresh durian per year, accounting for over one-third of the total durian output of the country, Huy said. La Tran … [Read more...] about Durian to make breakthrough for Viet Nam’s fruit exports
Balade en France gastronomic festival – Walking in France in the heart of Hanoi
Locals and visitors to Hanoi in mid-April will be able to immerse themselves in traditional French culture and enjoy exquisite dishes, fine wines, and fresh fruits from France. Vietnam's largest French food festival - Balade en France, or Walk in France - will hold a special edition from April 14 to 16, according to the French Embassy in Vietnam. The poster of the “Balade en France” Festival 2023 This year's festival will be co-hosted by the Embassy and the Hanoi People's Committee, following the success of its two previous editions in 2018 and 2020. It will occur at the Ly Thai To Square and the surrounding area, Speaking at the press conference on March 28, Nicolas Warnery, French Ambassador to Vietnam, said that this large-scale public event is part of celebrating the 50th anniversary of French-Vietnamese diplomatic relations, showcasing French gastronomy. "To celebrate the important milestone of diplomatic relations between Vietnam and France, which … [Read more...] about Balade en France gastronomic festival – Walking in France in the heart of Hanoi