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Industrial parks in Haiphong to receive $1.3 billion This capital is divided into 14 projects, mainly invested by companies from South Korea, Japan and Singapore. The first one is the Ecovance high-tech biodegradable materials factory project of SK Group (South Korea) with the total registered capital of $500 million. The project will produce biodegradable materials, covering an area of 32,000 square metres at Dinh Vu Industrial Park. The expansion of SK is the result of the signing of a comprehensive business agreement on “eco-friendly, high-tech material” between SKC – a subsidiary of SK Corporation and Haiphong People’s Committee in June in Seoul. Based on this agreement, SKC plans to incrementally review investments in eco-friendly materials and future advanced materials businesses in the port city. The HEZA will also award an investment registration certificate for the expansion of the office machinery and equipment manufacturing project, which is invested by Kyocera … [Read more...] about Industrial parks in Haiphong to receive $1.3 billion in investment

The 2023 Hanoi Fall Festival from September 29 to October 1 will bring visitors the beauty of Hanoi's landscape, culture and gastronomy. With a vast array of cultural and tourist activities, the Hanoi Fall Festival 2023 is expected to boost the capital's tourism industry, Nguyen Thi Mai Anh, Deputy Director of the Hanoi Promotion Agency (HPA), told The Hanoi Times . Foreign tourists enjoy the fall in Hanoi. Photo: Hoai Nam/The Hanoi Times What is the meaning and purpose of Hanoi Fall Festival 2023 with the theme "Hanoi - Come to fall in love"? Through surveys of tourists' experiences when coming to the capital, we have learned that the ideal time to travel to Hanoi is in the fall, from August to November every year, as this is the most pleasant period in Hanoi in terms of weather, with clear blue skies and fresh breeze. This is the best time for visitors to explore scenic spots and enjoy the capital's unique cuisine. In particular, CNN recently … [Read more...] about Hanoi Fall Festival 2023 to boost capital tourism

This is the first year the CTO Summit Technology Leadership Conference has been organized at the annual AI event to honor enterprises with a technology-rich working environment. WD, Heineken, VNPT, FPT's representatives receive the award as the best technology environment enterprises at Vietnam Artificial Intelligence Day 2023 on September 22, 2023. Photo by VnExpress/Quynh Tran Launched in mid-July, the award received more than 50 nominations and 17 were shortlisted for the next round. FPT FPT is one of the pioneering enterprises in technology and digital transformation in Vietnam. The company has representative offices in 29 countries and territories. The group has invested trillions of dong to create comfortable office complexes and offices with utility ecosystems to meet employees' demand for working, entertainment, studying, and accommodation. One of FPT's unique cultures is the core staff training program, which helps young talents enhance their skills … [Read more...] about 6 Vietnam companies with exemplary technology environments in 2023

On September 21 in New York, the US, Vietnamese Prime Minister Pham Minh Chinh met with top executives from global giants, including Apple. At the meeting, Nick Ammann, Apple vice president of global policy, said, "Vietnam is a very important market and production area for Apple. There is a lot of potential for cooperation given the outstanding growth in production scale and export value of Apple products in Vietnam during this challenging period. This affirms the group's trust in the Vietnamese market." "Apple is very interested in Vietnam's clean energy strategy and wants its suppliers in Vietnam to gain access to clean energy. At the same time, Apple wants to engage in HR development and training, especially for software development," he said. Apple's suppliers, such as Lux Share, Foxconn, Compal, and GoerTek, operate 32 factories in Vietnam. These factories create jobs for 160,000 workers producing and assembling components for Apple products. PM Chinh … [Read more...] about Apple deems Vietnam an important market and production hub

Vietnam ese and Iranian players in the second half of their September 21 match in the ongoing Asian Games ( ASIAD 2023 ) tournament in Hangzhou, China (Photo: VNA) Hanoi (VNA) – The men's football team lost 0-4 to Iran on September 21 at the ongoing Asian Games (ASIAD 2023) tournament in Hangzhou, China. The Iranian side dominated the match and quickly scored a goal in the 5th minute with an accurate header by Motahhari. In the second half, Vietnam conceded two more goals in the 47th and 52nd minutes. Leading by three goals, Iranian players slowed down the pace of the game. In the final 30 minutes, Vietnam regained control and had more possession of the ball. However, with declining physical fitness, they couldn't find a consolation goal. In the last minute of injury time, Iran secured a 4-0 victory with a close-range header by Barzegar. As a result, Iran now leads Group B with 4 points (goal difference 4-0), followed by Saudi Arabia with 4 points (goal difference … [Read more...] about ASIAD 2023: Vietnam men’s football faces difficulty after losing 0-4 to Iran

Lam Nguyen Hoang Thao, senior associate at law firm Russin & Vecchi The central provinces of Thanh Hoa and Nghe An are looking for the government’s green light to convert some coal-fired power projects into liquefied natural gas (LNG) -to-power one. How do you think this trend is panning out in Vietnam so far? I believe that the trend of converting coal-fired power to LNG-to-power plants in Vietnam is a very positive development. The Power Development Plan VIII (PDP8) called for a reduction in the use of coal and an increase in the use of cleaner fuels. The nation’s goal is to make the transition to green, renewable energy including solar, wind, biomass, ammonia, hydrogen, and nuclear energy. However, the road to reach these goals is still long and uncertain. Vietnam still has limited ability to supply energy from biomass and green ammonia due to the limitation of technology, expertise, and due to the related high production costs. Similarly, with hydrogen, the … [Read more...] about The key factors to take into account for switch to LNG

A street in Vientiane capital of Laos. (Photo: AFP/VNA) Vientiane (VNA) – The Asian Development Bank (ADB) has revised down its growth forecast for the Lao economy in 2023 to 3.7%, from a 4.0% projection released in April. According to the Asian Development Outlook (ADO) September 2023, economic growth in Laos is forecast to be slower than expected due to weaker growth prospects in China, and macroeconomic pressures arising from unsustainable public debt and a weak Lao currency, the kip. The 2024 growth forecast was kept at 4.0%. Curbing inflation is among the main challenges to Laos. Though inflation decelerated in August to stand at 25.88%, down from 28.64% in June and 27.8% in July, the rate is still among the highest in the region. The Lao Statistics Bureau said the weak kip is one of the main drivers of inflation. Lao media cited ADB Country Director for Laos Sonomi Tanaka as saying that sound macro-economic management, including stronger coordination … [Read more...] about ADB lowers growth forecast for Lao economy this year

Delegates at the event (Photo: VNA) Seoul (VNA) – A delegation from the State Audit Office of Vietnam (SAV), led by Deputy Auditor General Nguyen Tuan Anh, attended the 59th meeting of the Governing Board of the Asian Organisation of Supreme Audit Institutions (ASOSAI) in Busan city, the Republic of Korea (RoK) from September 19-22. The event was co-chaired by the State Audit Office (SAO) of Thailand as the Chair of ASOSAI and the National Audit Office of China as the Secretary General of ASOSAI. The SAV attended the event in its capacity as a member of the ASOSAI Governing Board for the 2021-2024 tenure. In his opening speech, President of SAO Thailand Chanathap Indamra affirmed that the meeting will serve as a common platform for ASOSAI members to reach a consensus on the most critical issues of the ASOSAI community. Jaehae Choe, President of the Board of Audit and Inspection (BAI) of the RoK, stressed that it has been the first in-person meeting since the end of … [Read more...] about Vietnam attends 59th meeting of Governing Board of ASOSAI in RoK

Cao Bang opens an exhibition on Hoang Sa , Truong Sa, Semptember 22 (Photo: VNA) Cao Bang (VNA) – An exhibition on historical and legal evidence proving Vietnam’s sovereignty over Hoang Sa (Paracel) and Truong Sa (Spratly) opened in the northern mountainous province of Cao Bang on September 22. On display are 80 maps and documents affirming Vietnam’s sovereignty over Hoang Sa and Truong Sa issued by the Vietnamese feudal states from the 17th century to the 20th century. Photos featuring the signing ceremony of three documents on Vietnam-China land border, documents on Vietnam-China land border landmark, among others. Besides, the exhibition also introduces nearly 400 photos featuring the Association of Southeast Asian Nations (ASEAN) community, photos on ethnic groups and religions of Vietnam. Visitors at the exhibition (Photo: VNA) Deputy Director of the provincial Department of Information and Communications Vu Van Chung said the event plays an … [Read more...] about Exhibition on Hoang Sa, Truong Sa underway in Cao Bang

Prime Minister Pham Minh Chinh (L) meets Brazilian President Luiz Inácio Lula da Silva in Hiroshima, Japan on March 21, 2023 (Photo: VNA) Pretoria (VNA) – The official visit to Brazil by Prime Minister Pham Minh Chinh is expected to contribute to lifting the relations between Vietnam and the Latin American country to a new height, stated Vietnamese Ambassador to Brazil Pham Thi Kim Hoa in an interview granted to Vietnam News Agency (VNA). According to the diplomat, Brazil is the number one partner in the Latin American region of Vietnam. With a population of more than 211 million, Brazil is a promising market for Vietnam. The country is also the gateway for Vietnam to enter the Latin American market, she said, adding that Vietnam is also a door for Brazil to ASEAN and other Asian countries. Ambassador Hoa said that PM Chinh is the first leader of Vietnamese Party and Government to pay an official visit to Brazil since the trip by Party General Secretary Nong Duc Manh in … [Read more...] about PM’s visit hoped to lift Vietnam-Brazil ties to new height: Ambassador