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According to the Foreign Investment Agency (FIA), under the Ministry of Planning and Investment (MPI), close to $1.7 billion worth of foreign capital poured into Vietnam last month. While this figure was down 19.8 per cent on-year, partly due to the timing of the Lunar New Year, January still saw positive signs. Some 153 new foreign-invested projects, valued at $1.2 billion, were granted licences, up 48.5 per cent in number and 3.1 times in value compared to the same period last year. “We can consider this a signal confirming the confidence of overseas financiers to expand their interests in Vietnam,” said Do Nhat Hoang, director of the FIA. This confidence is also reflected in the amount of new projects that were granted investment registration certificates or signed an MoU in the first month of the year. Bac Giang People’s Committee have granted several investment certificates and MoUs for a number of internationally funded projects with total registered capital of about … [Read more...] about Strong figures for FDI in January

He made the remarks at a press conference held within the framework of the ASEAN Tourism Forum (ATF)  2023 in the city of Yogyakarta, Indonesia, from February 2-5. Last year, Vietnam welcomed a total of 3.66 million foreign visitors, 23.3 times higher than the 2021 figure. In January 2023 alone, the number of foreign tourists to the Southeast Asian nation reached more than 871,000, up 44% year-on-year. The official said that Vietnam has a variety of tourism products. In addition to four main options, namely marine tourism, ecotourism, cultural tourism and urban tourism, it also boasts attractive complementary products such as luxury resort tourism, adventure tourism, wellness tourism, and golf tourism. Introducing Vietnam's tourism policy in the post-COVID-19 period, Mr. Ha Van Sieu said that Vietnam has resumed visa exemption for those from ASEAN countries, thereby helping people in the region travel easily. Its Government has also supported tourism businesses to reconnect with … [Read more...] about Vietnam promotes tourism to ASEAN market

Bac Lieu wind power plant assessed to contribute importantly to reducing impacts of climate change. (Photo: VNA) Hanoi (VNA) - The Ministry of Industry and Trade recently issued the sector’s action plan on climate change response and green growth to 2030, with a vision to 2050. Accordingly, the ministry considers climate change response an important and long-term task, and the achievement of the net zero emissions an opportunity to develop towards a low-carbon direction in accordance with national conditions and international trends. Measures to respond to climate change will be included in strategies for the development of the industry and trade sector. Illustrative image (Photo: VNA) This move aims to ensure the flexible adaptation to short-, medium- and long-term impacts of climate change, as well as the sector’s stable development and growth. These actions will also minimise losses caused by natural disasters, and consequences of extreme weather and … [Read more...] about MoIT acts in response to climate change