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PM Nguyen Xuan Phuc joined the inauguration ceremony of DKC Petro’s terminal complex in Nghe An At the meeting with the investor community at the beginning of the 2019 lunar year last weekend, top leaders of Nghe An province granted investment certificates to 13 projects and agreements on investment co-operation to 18 projects valued nearly VND22 trillion ($957 million) in total registered capital. Additionally, four minutes on planning financing were inked at the occasion. Notably, the VND4.649 trillion ($202 million) project of Singaporean textile clothing firm Royal Pagoda Private Limited got its investment certificate to invest in VSIP Nghe An Industrial Park (IP). This is the largest foreign investment project at the IP until present, and also the largest investment project among the projects receiving investment certificates or getting approved investment proposals at the investor conference. Thai Thanh Quy, Chairman of the Nghe An People’s Committee, … [Read more...] about Nghe An sets out vision for development

The industrial production index went down in November with the decline of both mining and manufacturing industries. This is a big surprise in the context of stable global and domestic demand. Industrial production index The processing and manufacturing industries also decreased by 1.1 percent in November, forcing the growth rate in the first 11 months down to 6.5 percent, lower than the 11 percent growth rate in the first 10 months. The processing and manufacturing industries also decreased by 1.1 percent in November, forcing the growth rate in the first 11 months down to 6.5 percent, lower than the 11 percent growth rate in the first 10 months. Investment capital disbursement Bank liquidity fluctuates Le Ha Vietnam among top in footwear production Vietnam the third-largest country in the world in terms of footwear production, conference hears. Will Foxconn's expansion lead to iPhone production in Vietnam? The expansion of Foxconn's investment in Vietnam may lead … [Read more...] about Vietnam’s industrial production unexpectedly slips

Soldiers of the Philippine army go on patrol in Marawi city of the southern Mindanao island (Photo: AFP/VNA)   Hanoi (VNA) – Philippine security forces on June 10 launched airstrikes and ground assaults on Islamist militants' lair in Maguindanao province in southern Philippines. Brig. Gen. Cirilito Sobejana, an army commander in charge of the operations, said the pre-dawn assaults on Liguasan marsh destroyed a bomb-making "factory" of the Bangsamoro Islamic Freedom Fighters (BIFF), a splinter group of the larger Moro Islamic Liberation Front (MILF). Sobejana added that up to 100 BIFF fighters were in the targeted area during the military assault. The Philippine army is evaluating number of casualties, said army spokesman Maj. Arvin Encinas. BIFF, which has up to 400 members, is among the several militant groups in Mindanao that pledged allegiance with the self-proclaimed Islamic State (IS) a few years ago. They are active in central Mindanao area, especially in Cotabato … [Read more...] about Philippine security forces launch raid on militants in southern region

Photo taken at the bus station on May 25, 2017 (Source: EPA/VNA) Jakarta (VNA) - An Indonesian court on April 9 jailed the mastermind behind last year’s suicide bombings at a Jakarta bus station for nine years. Kiki Muhamad Iqbal was convicted of organising the twin bombings, and mobilising others to participate in the bombings that killed three police officers and injured 12 at Kampung Melayu bus station, according to the North Jakarta court. This was the second attack linked to the Islamic State (IS) in Indonesia over the past two years. In January 2016, four IS-linked militants mounted a gun-and-bomb attack at a busy intersection outside a Starbucks cafe in central Jakarta, killing themselves and four others. The mastermind of that attack, Aman Abdurrahman - said to be the ideological leader of IS loyalists in Indonesia - is also on trial. Indonesia’s parliament is currently deliberating revisions to anti-terrorism laws that would broaden the definition of … [Read more...] about Indonesia jails bus station bombing mastermind for nine years

 PM Nguyen Xuan Phuc has ordered ministries and sectors to devise active and practical plans to promote domestic production, create more jobs, and ensure harmonious trade relations with key partners of the country. Prime Minister Nguyen Xuan Phuc (centre) at the meeting Speaking at a meeting between permanent members of the government and representatives of relevant ministries and sectors in Hanoi on July 13 to discuss measures to further expand trade cooperation between Vietnam with its big partners, the PM stressed that these tasks are necessity to ensure macro-economic stability and maintain the country’s growth and sustainable development. He requested ministries, sectors and localities to pay attention to removing barriers, thus making it easier foreign enterprises and investors, especially those having environmentally-friendly high technologies and huge financial potential, regional and global supply chains, to effectively carry out projects in Vietnam. During … [Read more...] about Vietnamese PM asks for more efforts to boost trade ties with key partners