A production line of smart, environmentally friendly sensor products of Hyundai Kefico Vietnam Co., Ltd invested by the RoK in Dai An II Industrial Park, Hai Duong province (Photo:VNA). Hai Duong (VNA) – The northern province of Hai Duong has set a target to attract 400 million USD in foreign direct investment (FDI) in 2023, according to Vice Director of the provincial Department of Planning and Investment Nguyen Duy Hung. The locality licensed five new FDI projects worth 15.8 million USD in January. Meanwhile, 5.6 million USD was added to three existing projects. Hung said that the locality will speed up work on the province's master plan in the 2021 – 2030 period, with a vision of 2050 as a basis for building priority criteria to attract investment projects, especially planning of a key industrial zone for large-scale, modern and environmentally friendly investment projects. It will focus on maximising resources to develop synchronous and modern socio-economic … [Read more...] about Hai Duong targets 400 million USD in FDI in 2023
How sustainability can be promoted in building projects
VinaCapital Ventures pours 1 million USD into agritech startup
A tomato farm in Don Duong district, Lam Dong province, joining the platform of Koina (Photo courtesy of Koina) HCM City (VNA) – VinaCapital Ventures, a technology-focused venture capital fund of the Ho Chi Minh City-based VinaCaptial Group , has announced an investment of 1 million USD into Koina, an agritech startup founded in Vietnam. The investment from VinaCapital Ventures is part of Koina’s seed fundraising round. Koina, established in 2021, aims to build a large and efficient agricultural ecosystem in Vietnam by connecting farmers with financial organisations, suppliers, and retailers. Its “Farmer Platform” is intended to help farmers access loans, publicise prices, and give guidance on good agricultural practices. Thi Nguyen, co-founder and Chairman of Koina, said the funding from VinaCapital Ventures will help his firm expand sales channels and increase investment in technology to control quality and boost the value of agricultural products of Vietnam. … [Read more...] about VinaCapital Ventures pours 1 million USD into agritech startup
Hanoi to spearhead the nation’s industrialization efforts until 2030
Vietnamese people's cultural and human values should be central to the capital’s industrialization process. Hanoi aims to spearhead the nation's industrialization and modernization until 2030, with an eye on 2045. Hanoi has seen major transformation over the years. Photo: Pham Hung According to the municipal Party Committee, the goal of the plan is to transform the mindset and build consensus in the political system and people to achieve socioeconomic development objectives. The Party Committee emphasized the use of science-technology and innovation, specifically Industry 4.0 advancements, as a key solution for the country’s modernization in the 2021-2030 period. “This would help Vietnam to make breakthroughs in productivity and improve the economy's competitiveness,” stated the plan. For Hanoi, the plan identifies key targets for economic growth, enhancing socio-cultural values, urban development, and environmental protection. By 2030, Hanoi and other … [Read more...] about Hanoi to spearhead the nation’s industrialization efforts until 2030
$8 billion to be pumped into Vietnam’s Central Coast
Seven international partners will support the investment in infrastructure, transport, urban development, and climate response. Nearly US$8 billion will be pumped into Vietnam's Central Coast region to support the socio-economic development of the region towards sustainability and climate adaptation. An overview of the signing and awarding ceremony. Photo: Trung Nhan/The Hanoi Times The value was announced at a signing ceremony held on February 5 between the Ministry of Planning and Investment and international partners. Accordingly, the local authorities granted investment certificates and approved investment policies and investment cooperation for domestic and international investors. Among the investment deals, seven development partners are committed to providing a total capital of more than US$1.7 billion in 45 projects. The partners included the Asian Development Bank (ADB), the French Development Agency (AFD), the International Fund for Agricultural … [Read more...] about $8 billion to be pumped into Vietnam’s Central Coast
PM meets with leaders of Japanese conglomerates
At the reception for Tatsuo Yasunaga, President and CEO of Mitsui & Co Ltd., the Government leader praised the company’s business performance in Vietnam, particularly in processing and distributing of local aquatic products. PM Phuc welcomed a joint project between Mitsui and Minh Phu Seafood Corporation which could push the shrimp export value of the major shrimp farming business in Vietnam to 1 billion USD. Yasunaga informed his host of the success of the joint project, which has seen over 150 million USD invested in improving Minh Phu’s processing, business management and export capacity, adding the sides plan to focus on upgrading refrigeration equipment and expanding export markets, particularly targeting Russia apart from the US. In another meeting with Han Chang-woo, chairman and CEO of Maruhan Corporation, PM Phuc said Vietnam is pressing ahead with effective equitisation of Stated-owned enterprises (SOEs), particularly in transport, infrastructure, construction, … [Read more...] about PM meets with leaders of Japanese conglomerates
Long Tong Festival in Bang Van commune
The festival is held to thank the god for abundant crop and happy life in the past year and pray for peace and health in the new year. Long Tong Festival is annually held on the 14th and 15th day of the first lunar month. During the event, tourists to Bang Van listen to the story related to the origin of the festival. It is said that a long time ago, the country was in turmoil, so the king sent a general to this land to drive away the enemy. Thanks to the assistance of his talented wife, wherever the general went, the enemy troops were defeated. One day when the general was chasing the enemy’s troops, he was ambushed by them at Phja Den Mountain. His wife tried to hold back the enemy at Phja Cong Mountain. The general then blindfolded his horse and jumped off Phja Den Mountain. Having heard of the news about her husband’s death, the woman committed suicide at Phja Cong Mountain. Sympathizing with the fate of the general and his wife, local people set up a temple on Phja Den … [Read more...] about Long Tong Festival in Bang Van commune
Hanoi looks to tighten cooperation with Japanese locality
As of the Kanagawa Festival in Hanoi, its latest holding last year has left good imprints on the locals and Vietnamese people. Hanoi will continue tightening relationships with Japanese localities including Kanagawa, focusing on the development of economic and cultural exchange, educational cooperation, and manpower training, among others. Deputy Chairman of Hanoi People’s Committee Nguyen Doan Toan stressed the idea when receiving Governor of Kanagawa prefecture Yuji Kuroiwa on November 11. The meeting also saw the attendance of Umeda Kunio, Ambassador of Japan to Vietnam. At the meeting, the two sides discussed the organization of the Kanagawa Festival in Hanoi this year and the orientations of cooperation between the Vietnamese and Japanese localities in the coming time. According to Hanoi’s deput mayor, the city is currently on a very strong development momentum, to which many Japan – Vietnam cooperation projects have contributed a great deal. Deputy … [Read more...] about Hanoi looks to tighten cooperation with Japanese locality
Vietnam wins numerous ASEAN tourism awards
Two homestay groups in the Mekong Delta province of Vinh Long and the Northwestern province of Lao Cai received the ASEAN Homestay Award. Meanwhile, four units won the ASEAN Community Tourism Award, namely the Quan Ba Community Tourism Service Cooperative in Ha Giang province, Sin Suoi Ho community tourism village in Lai Chau province, Tan Thanh fishing village in Quang Nam province, and Thai Hai Reserve Area of Ecological Houses-on-Stilts Village in Thai Nguyen province. The ASEAN Public Toilet Award was awarded to the toilets in Saigon Skydeck of Bitexco Financial Tower, Southern Women's Museum and Ben Xua Tourist Area in Ho Chi Minh City. The winners of ASEAN Spa Service Awards were Cham Spa & Massage in the Central city of Da Nang, Sen Tai Thu Vincom Mega Mall Smart City in Hanoi, Sol Spa of Minera Resort Hotel in the Southern province of Ba Ria - Vung Tau, Chi Spa of Silk Path Grand Resort & Spa Sapa - Lao Cai province, and Thala Spa of Best Western Premier Sonasea … [Read more...] about Vietnam wins numerous ASEAN tourism awards
Improvement of consular services to continue: official
Talking to the Vietnam News Agency, Doan Hoang Minh, Acting Director of the Ministry of Foreign Affairs (MoFA)’s Consular Department, said most countries removed travel restrictions in 2022, and Vietnam was one of the first to reopen its borders, in mid-March. Since then, the number of people going abroad for working, studying, tourism, and business purposes as well as those entering the country has bounced back strongly. Highlighting the ministry’s determination to build a comprehensive, modern, professional, clean, and strong diplomatic sector, he said that in the current context, as the government is stepping up administrative procedure reforms and demanding ministries and sectors boost measures for post-pandemic economic recovery, the ministry is deeply aware of its responsibility for continuing to improve the quality of consular services. Diplomatic staff members in Vietnam and abroad will work with the highest sense of responsibility and consider people’s satisfaction as the … [Read more...] about Improvement of consular services to continue: official
Training course opened for Party Central Committee’s alternate members
Participants at the opening of the course (Photo: VNA) Hanoi (VNA) – The Ho Chi Minh National Academy of Politics (HCMA) and the Party Central Committee’s Organisation Commission on February 5 opened a training course to update knowledge for alternate members of the 13th Party Central Committee. Addressing the opening ceremony, permanent member of the Party Central Committee’s Secretariat Vo Van Thuong underlined the significance of the Party’s personnel training work. The 6-week course will focus on 29 topics covering such contents as those associated with the documents of the 13th National Party Congress and the 13th Party Central Committee’s meetings regarding the Party and State building, the promotion of socio-economic, cultural and human development as well as security, defence, external relations, and leadership and management science in the new situation. Permanent member of the Party Central Committee’s Secretariat Vo Van Thuong addresses the opening of the course … [Read more...] about Training course opened for Party Central Committee’s alternate members