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According to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA), accumulatively as of May 20, total foreign direct investment (FDI) inflows into Vietnam reached $10.86 billion, a drop of 7.3 per cent on-year, the fall is getting smaller than in previous months. Of this, newly registered capital was $5.26 billion, up 27.8 per cent on-year; additionally registered capital was $2.28 billion, down 59.4 per cent; and capital contribution and share purchase $3.32 billion, up 67.2 per cent. Do Nhat Hoang, FIA director-general, said that the rise of newly registered investment in the first five months is much higher than that in the first four months (11 per cent). The number of newly registered projects in the first five months also soared sharply on-year (66.4 per cent) to over 960 projects. “The growth rate of the number of new projects confirms that small- and medium-sized foreign investors continue to believe in Vietnam’s business environment,” said Hoang. … [Read more...] about Vietnam tasked with gaining FDI edge

Swimmer Vo Thanh Tung. (Photo: VNA) Phnom Penh (VNA) - Vietnam bagged 36 gold, 35 silver and 56 bronze medals, ranking third in the tally as of 21:15 on June 6 - the third official competition day of the 12th ASEAN Para Games that is taking place in Cambodia . On June 6, Nguyen Van Hung obtained the two golds for the best weightlifting performance of 155kg and a total weight of 458kg after three successful lifts in the men’s 72kg event. The athletics team also secured an additional five golds on the day thanks to the outstanding performances of Vo Van Tung, Truong Bich Van, and Trinh Cong Luan. In track-and-field , Nguyen Ngoc Hiep and Nguyen Khanh Minh finished first in the men’s 400m T11 and 400m T12 events, respectively, to bring home gold medals. In the afternoon, swimmer Trinh Thi Bich Nhu earned a gold medal in the 200m individual medley SM6 . After the three competition days, Indonesia now ranks first in the medal tally with 92 golds and a total of … [Read more...] about ASEAN Para Games 12: Vietnam ranks third after three competition days

Four restaurants in Vietnam have received a rising number of customers after they were awarded Michelin Stars. Four restaurants in Vietnam are awarded Michelin Stars on June 6. A representative of the Tam Vi Restaurant, Mai Anh, said that receiving one star from but they haven't been well-prepared to serve such a large number of customers who are flocking to try the restaurant after hearing about the award. We’re fully booked for the next few days," Anh said. A meal at Tam Vi Restaurant Like the Hanoi-based Tam Vi, three other restaurants including the Hibana by Koki, Gia in Hanoi and Anan Saigon in HCM City also shared that they have received a sharp rise in the number of customers after being awarded Michelin Stars. Peter Cuong Franklin from the Anan Saigon revealed that they've received around 50 bookings over the past two days. "As our restaurant lies in a traditional market, we have very limited space," he explained. "We can only … [Read more...] about Vietnamese restaurants attract customers after receiving Michelin Stars