At the working session between Vietnamese Ambassador to Russia Ngo Duc Manh and First Governor of Russia’s Far Eastern region of Primorye Vera Shcherbina (Photo: VNA) Moscow (VNA) – Vietnamese Ambassador to Russia Ngo Duc Manh on July 26 had a working session with First Governor of Russia’s Far Eastern region of Primorye Vera Shcherbina, discussing measures to promote collaboration in economy-trade between the Russian locality and Vietnamese businesses. At the event, both sides agreed the Vietnam-Russia strategic partnership has seen strong growth in all sectors. Ambassador Manh affirmed Russia is a special trustworthy partner of the country, and thanked people in Primorye region and Russian people as a whole for supporting Vietnam during its national liberation and construction. Vietnam and Russia have witnessed a robust expansion in their two-way trade, especially after the Vietnam-Eurasian Economic Union Free Trade Agreement takes effect in … [Read more...] about Vietnam, Russia’s Primorye region step up economic cooperation
Construction vietnam
Vietnam deems licensing US$5.4 billion Thai-invested petrochemical project
The Hanoitimes - The project is designed to have annual capacity of two million tons of olefins, polyetylen, and ploypropylen. SCG to buy the remaining 29% stake of Long Son Petrochemicals Long Son Petrochemicals complex begins construction Vietnam is examining to license a long-delayed giant petrochemical complex costing US$5.4 billion totally invested by Thai conglomerate Siam Cement Group (SCG), local media reported. Perspective layout of Long Son Petrochemical complex. Photo: Baodautu Deputy Prime Minister Trinh Dinh Dung has asked the Ministry of Natural Resources and Environment to make quick appraisal for the Long Son Petrochemical (LSP) complex project and report to the government within this month. Located in the southern province of Ba Ria-Vung Tau, 100 km to the southeast of Ho Chi Minh City, LSP is designed to have annual capacity of two million tons of olefins (high-density synthetic fibers), polyetylen, and ploypropylen. Kicked off … [Read more...] about Vietnam deems licensing US$5.4 billion Thai-invested petrochemical project
Enhancing Vietnam-DPRK traditional friendship
The Vietnamese people congratulate the DPRK leaders and people on their achievements in national construction and development. In his 2019 New Year address, Chairman Kim Jong Un stressed that one of the most pressing and most important tasks in socialist economic construction in 2019 is increasing production and improving the people’s standards of living. All economic sectors need to be accelerated in order to fulfil the targets of the five-year strategy for national economic development. Concerning external relations, on the spirit of self-reliance, peace and friendship, the DPRK continues to unite and develop cooperative friendly relations with all countries friendly with the DPRK, contributing to the maintenance of peace, stability in the region and the world. Since Vietnam and the DPRK established diplomatic relations in 1950, the traditional friendly relationship between the two countries, built up by President Ho Chi Minh and Chairman Kim Il-sung, has been continually … [Read more...] about Enhancing Vietnam-DPRK traditional friendship
Vietnam in crosshairs for South Korean startups
According to Topica Founder Institute (TFI), a startup accelerator programme in Vietnam and Thailand, the year 2018 saw an explosion in startup investment. Total deal value surpassed $889 million, tripling from the $291 million of 2017. Of these, the 10 biggest deals were upwards of $40 million in value. These agreements included Yeah1, which received $100 million from a group of investors, Topica, which received $50 million from Northstar Group, and Sendo, which gained $51 million, and seven undisclosed deals valued at about $533 million. The sectors of fintech, e-commerce, traveltech, logistics, and edtech have attracted investors’ eyes. Of these, fintech sat in the first place in both deal value and deal count, with eight deals for $117 million. E-commerce came in second, with significantly fewer deals (only five, against 21 in 2017) worth approximately $104 million. They are followed by traveltech ($64 million), and logistics and edtech (three or four deals valued at over $50 … [Read more...] about Vietnam in crosshairs for South Korean startups
Spokesperson talks about Vietnam’s human rights achievements
Spokesperson for the Ministry of Foreign Affairs Le Thi Thu Hang (Photo: VNA) Hanoi (VNA) – Vietnam has reported its outstanding achievements in guaranteeing human rights in its third-cycle Universal Periodic Review (UPR), Spokesperson for the Ministry of Foreign Affairs Le Thi Thu Hang has said. At the ministry’s regular press conference in Hanoi on December 6, Hang briefed the media about these outstanding achievements which were contained in the country's third-cycle UPR that was officially submitted to the UN Human Rights Council (UNHRC). The UPR is an inter-governmental mechanism of the UNHRC, aimed at reviewing issues related to the human rights of all UN member countries. It was made periodically every four or five years to the principle of dialogue, cooperation, equality, objectivity, transparency, and construction. “Vietnam supports the UNHRC’s UPR and is always serious in making the review and implementing the recommendations it … [Read more...] about Spokesperson talks about Vietnam’s human rights achievements