Great opportunity in the world

Naomi Kitahara, the United Nations Population Fund (UNFPA) Representative in Vietnam, speaks to Vietnam News reporter Thu Trang about the milestone of Vietnam's population passing 100 million next month, and the challenges and opportunities that this will bring. Naomi Kitahara. — Photo courtesy of the UNFPA What do you think about Vietnam's population passing 100 million people next month? In comparison with other countries in the region and the world over, how will be Vietnam’s population scale? Vietnam’s population will soon reach 100 million and Vietnam will become the 15th most populous country in the world. This should be seen as an important milestone for Vietnam, and I would like to congratulate the Government of Vietnam as this demonstrates a story of triumph. Vietnam, which was once a war-torn country, has successfully taken a substantial number of people out of poverty, and achieved remarkable socio-economic growth including health, education, … [Read more...] about Population of 100 million provides many great opportunities for Vietnam: UNFPA

As many as 52 large firms of the Unite States, including Boeing, Coca Cola, SpaceX, Netflix, and Apple, have come to Vietnam to seek cooperation opportunities in various fields. Representatives of the US - ASEAN Business Council and US firms at a working session with the Ministry of Planning and Investment. This is the largest US business delegation ever to come to Vietnam at a time when the two countries are celebrating 10 years of their comprehensive partnership. The trip is to show US businesses’ commitment to investing in Vietnam, said Marc Knapper, Ambassador of the US to Vietnam, at a press briefing on March 21. According to the diplomat, Vietnam is a potential market with many business opportunities, especially when bilateral relations are developing positively, with their trade expanding vigorously over the years. Sharing the view, Ted Osius, president & CEO of the US-ASEAN Business Council (USABC), noted US firms have a greater interest … [Read more...] about More than 50 US firms sound out investment opportunities in Vietnam

La Gan offshore wind power project. Viet Nam has many favourable conditions to create a thriving offshore wind industry. — Photo vietnamplus.vn Offshore wind is a great dual opportunity for Viet Nam, helping deliver green and cost-efficient energy for the continued economic development of the country and at the same time support Viet Nam in achieving its net-zero by 2050 commitment made in COP 26. Nicolai Prytz, Denmark ambassador to Viet Nam, made the statement at the workshop “Promoting Viet Nam’s Offshore Wind Power Development: International Best Practices and Policy Recommendations” held in Ha Noi on Thursday. Viet Nam has many favourable conditions to create a thriving offshore wind industry: a long coastline, ample wind resources, relatively shallow seabed areas suitable for fixed foundations, and a well-established supply chain that can be used almost immediately or transition relatively quickly to support many parts of the construction process and associated … [Read more...] about Dual opportunity for Viet Nam in offshore wind industry development

Cuong said that the potential for cooperation between Vietnam and the U.K., the first country in the world to institutionalize the net-zero emission target, is huge, as like the U.K., Vietnam has a long coastline and great solar power potential, especially in the Southern and South central regions as well as in the territorial waters in the South of the East Sea. Vietnam can learn from the experience of the U.K., the world leading country in clean energy, in many aspects, including policy. The U.K. has applied the Contract-for-Difference (CfD) mechanism to support businesses to develop wind power projects, which has been effective in the past 10 years. Vietnam can also partner with the U.K. in personnel training as the U.K. has leading universities in the field of clean energy. Meanwhile, Vietnam can learn from the U.K.'s measures to attract investment from world giants and build a system of industries and supporting industries for the renewable energy sector, thus become ready for … [Read more...] about Vietnam, U.K. see huge cooperation potential in clean energy development

What should Vietnam do to successfully kick-start its offshore wind industry? What should be done to attract the investment needed and provide confidence for the development of the industry? Are there any lessons for Vietnam to learn from international experiences in offshore wind development? These questions and more were raised and discussed at the workshop discussing best practices and policy recommendations for the development of offshore wind power in Vietnam. The seminar was held on March 16 and co-chaired by Nguyen Duc Hien, Vice Chairman of the Vietnam Central Economic Commission, and Nicolai Prytz, Ambassador of Denmark to Vietnam. Speaking at the event, Prytz said, "Offshore wind is a great dual opportunity for Vietnam as it's an opportunity to deliver cost-efficient energy for economic development and at the same time support Vietnam in achieving its COP 26 commitment to being net-zero by 2050." As one of the strongest supporters of Vietnam’s transformation to a green … [Read more...] about Vietnam has massive potential for offshore wind energy

The aim of the new tourist routes is to enrich the traveler's unique experience. The Hanoi Department of Tourism, in cooperation with SGO Travel Co. Ltd, will offer seven attractive tours from Hanoi to Bac Giang Province, with daily departures from Wednesday to Sunday,  for domestic and international travelers. Bac Giang Province will corporate with neighboring localities, including Hanoi to build more new tours in the locality. Photo: congluan.vn Accordingly, the seven newly launched tours consist of one-day and two-day, and overnight tours, offering travelers exciting experiences in Vietnamese culture, history, and spiritual beliefs. These tours will depart from downtown Hanoi to natural attractions, handicraft villages, and pagodas in Yen The, Viet Yen, Luc Ngan, and Son Dong communes in Bac Giang province. It is said that the local great potential for tourism development has not been properly exploited. With the advantage of its geographical … [Read more...] about New tourist routes launched between Hanoi and Bac Giang

Prime Minister Pham Minh Chinh (front row, fourth from right) with delegates from international organisations and business associations at the event. — VNA/VNS Photo Duong Giang The Vietnamese Government is committed to creating favourable conditions for businesses to develop, Prime Minister Pham Minh Chinh said at the Annual Viet Nam Business Forum held in Ha Noi on Sunday. It would continue to perfect mechanisms and policies to create a favourable and equal business environment, improve national competitiveness, remove difficulties for enterprises and increase transparency and equality in access to resources. Top priority would also be given to cutting costs for businesses and synchronously and effectively deploying policies to support firms in capital, technology transfer, training and human resource development. Viet Nam would also develop all kinds of markets, including goods and services, finance-currency, securities, real estate, science- technology, labour and public … [Read more...] about Viet Nam vows to faciliate businesses towards green growth, says PM

Stakeholders have much to say about the current state of the tourism industry, and what must be done Prime Minister Pham Minh Chinh chaired a tourism recovery conference on March 15 and talked to management agencies and tourism businesses about removing obstacles for the industry to thrive once again. Despite being one of the first Southeast Asian countries to fully reopen to international tourism after the pandemic, Vietnam’s tourism industry still trails other countries in the region. The PM raised a series of questions about tourism promotion, competitive advantages, products, and visa policies – all factors that are considered to be subjective causes for Vietnam’s tourism to fail its foreign tourism targets thus far. “Tourism cannot develop alone, and tourism cannot develop if culture and the entertainment industry do not develop,” PM Chinh said. He directed the tourism industry to build green and sustainable tourism products, finance tourism activities, and develop … [Read more...] about Tourism breakthrough within reach

Hanoi (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency. - Economic cooperation should continue to be the focus of bilateral ties between Vietnam and the Republic of Korea, National Assembly (NA) Vice Chairman Nguyen Duc Hai said at his talks with Deputy Assembly Speaker of the RoK Chung Woo-taik in Seoul on March 20. Read full story - Chief Justice of the Supreme People’s Court Nguyen Hoa Binh and Minister of Justice Le Thanh Long cleared up questions regarding asset recovery in corruption cases, at a Q&A session in Hanoi on March 20 as part of the 21st meeting of the National Assembly (NA) Standing Committee. He admitted that the work has yet to be done strictly although 40% of the assets were recovered over the past decade. Read full story - Vietnam is striving to lure more Japanese investments to digital transformation and green growth, as recommended in the Vietnam-Japan Joint Initiative (VJI). Phase VIII of the … [Read more...] about ☕ Afternoon briefing on March 20

Illustrative image (Photo: VNA) Hanoi (VNA) – Vietnam ’s industrial real estate sector has great potential for developing more projects related to data centres, cold storages and logistics, according to John Campbell , Associate Director, Head of Industrial Services at Savills Vietnam - the largest and most experienced real estate services company in the Southeast Asian nation. Main opportunities in the logistics industry include last-mile logistics services and the implementation of a logistics 4.0 system, said Campbell. Moreover, investors can take advantage of the lack of cold storages in Vietnam to develop new projects, and increase supply for the market, he said, adding that the construction of built-to-suit warehouses to meet special technical requirements is also an attraction for investors. Jack Harkness, Director of Regional Industrial and Logistics Services at Savills Asia Pacific, stated that the industrial and logistics real estate sector, which … [Read more...] about Industrial, logistics property attractive to investors: Savills