Foreign investors poured nearly US$1.7 billion into Vietnam as of January 20. In the first month of 2023, newly-registered capital is estimated to have increased 3.1 times over the same period last year, showing that foreign investors still maintain confidence in Vietnam's investment environment. Hanoi ranks among the top localities in foreign direct investment (FDI) in 2022. Photo: Thang Long Industrial Park The Foreign Investment Agency under the Ministry of Planning and Investment reported that there were 801 newly-registered projects totaling $1.2 billion and 89 projects increasing capital with a combined amount of $306.3 million. In addition, 204 transactions of share purchases by foreign investors were worth $174 million, representing a year-on-year decline of 60.7%. Meanwhile, the disbursement of foreign investments dropped by 16.3% to $1.35 billion. The agency attributed the decrease in registered and disbursed FDI to the national holiday (the … [Read more...] about Foreign investors remain confident about Vietnam’s business environment
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Art exchange held in celebration of the Party’s 93th anniversary
The event was attended by President of the Ho Chi Minh National Academy of Politics Nguyen Xuan Thang, Head of the Communist Party of Vietnam Central Committee’s Commission for Information and Education Nguyen Trong Nghia, and Deputy Chief of the General Department of Political Affairs (GDP) Lieutenant General Trinh Van Quyet. The program had three parts, recalling the construction and development of the Communist Party of Vietnam. It has passed 93 springs, promoting its pioneering role and deserving the trust of the country and people. The event showed the determination of the whole Party, people and military in the cause of Party’s construction and reinforcement, contributing to promoting the Party’s leadership capability, among others. Translated by Minh Anh … [Read more...] about Art exchange held in celebration of the Party’s 93th anniversary
Vietnam attends fifth International Conference For World Balance
Themed “With all and for the good of all,” the event was one of the activities honoring Cuban national hero José Martí on the occasion of his 170th birth anniversary (January 28), with over 1,100 delegates from 87 countries globally taking part. This world forum of plural and multidisciplinary thought is convened by the José Martí Project for World Solidarity every three years, enabling hundreds of professors, social activists and intellectuals in general, from all latitudes of the planet, to reflect on the main contemporary problems. As the first guest to address the opening ceremony, Tuan underlined that together with the people across the globe, the Vietnamese people always aspire to live in a world of peace, democracy with the long-term goal of wealthy people, strong country and a democratic, fair and civilized society. In order to build a better world, the Vietnamese delegation suggested further strengthening the role of the legislature and lawmakers in fine-tuning laws; … [Read more...] about Vietnam attends fifth International Conference For World Balance
Festival of folk games for children
Lionbooks Children's Bookstore has organized a Tet program in Hanoi to bring children and their families to an attractive playground of 20 folk games and activities. Joining in the event "Open the door to see Tet", the children enthusiastically played bamboo dance, throwing cans, and mandarin square capturing. “I played the game of throwing a cloth ball. I was very happy. I hit three balls.” Children participate in the bamboo dance. “My children can play the games that I used to play in the past, which I find very meaningful. Children can also experience throwing balls, bamboo dance, and doing fun activities with friends. The bamboo dance and mandarin square capturing remind me of my childhood. As for the games played in mountainous areas, I have never seen them before. Today I came to play with my children, and I feel very happy.” “Children often use phones, televisions, and video games... There’s little opportunity for them to play folk games. That’s why … [Read more...] about Festival of folk games for children
Vietnam’s tourism in 2022: measures for recovery, acceleration
Dawn breaks over Da River lake.(Photo: VietnamPlus) Hanoi (VNA) - As vaccination coverage is expanding, the severity of the SARS-CoV-2 virus is showing signs of dying out. As a result, Vietnam’s tourism needs to quickly work out harmonious measures for the coming period of recovery. A sad economic year for the tourism sector has come to an end after many tremors caused by successive outbreaks of COVID-19 . Vietnam’s green economy in 2021 failed to recover as seen through the statistics of the yearly review, yet many experts still believe that in 2022, accelerations will be created with attention and assistance from the government. Although the pandemic is still spreading with new variants, there are grounds for us to hope the constantly expanding vaccination coverage has helped weaken the severity of the SARS-CoV-2 virus. The clock is ticking towards the day when the world can contain and roll back the pandemic, opening up chances for socio-economic recovery. That is … [Read more...] about Vietnam’s tourism in 2022: measures for recovery, acceleration
Poetry Day to take place next month at Thang Long Citadel
Vietnam Poetry Day 2019 (Photo: VNA) Hanoi (VNA) - The Vietnam Poetry Day will be held next month in Hanoi's Thang Long Imperial Citadel with new activities, according to organisers. It is the first time this annual cultural event will take place in the citadel, which is a UNESCO World Heritage of Vietnam, after 18 years being held at Van Mieu (Temple of Literature) and three years of hiatus due to the COVID-19 pandemic. With the theme of "Nhip dieu moi" (New Rhythm), the 21st edition carries the wish that after the country has overcome the pandemic, life returns with a "new rhythm, momentum and confidence" along with the recovery of the whole economy, culture and society to approach a "future full of hope for good things", said Nguyen Quang Thiều, President of the Vietnam Writers' Association (VWA). It is expected to open on the occasion of the new year's full moon celebration which falls on January 15 of the Lunar calendar or February 5, 2023, with more events to … [Read more...] about Poetry Day to take place next month at Thang Long Citadel
Events promoting Vietnamese literature, poetry conclude
A performance at the opening ceremony of the 4th International Conference Promoting Vietnamese Literature and the 3rd International Poetry Festival in Hanoi on February 16 (Photo: VNA) Hanoi (VNA) – The 4th International Conference Promoting Vietnamese Literature and the 3rd International Poetry Festival wrapped up in Hanoi on February 20. Poet Huu Thinh, Chairman of the Vietnam Union of Literature and Arts Associations and the Vietnam Writers’ Association, said workshops and discussions during the events created chances for participants to share their views on the necessity to seek more solutions to introducing outstanding works of the country to the world. They also pointed to problems that need to be addressed, including the language difference and the modest updating of international friends on Vietnam’s literature development. He thanked foreign guests for contributing to the success of the international conference and festival, noting that these events … [Read more...] about Events promoting Vietnamese literature, poetry conclude
Prague Airport wants to open direct air routes to Vietnam
Jiří Pos, Chairman of the Board of Prague Airport said that the airport is considering the launch of flights from Prague to Vietnam, by partnering with either Vietnam Airlines or Bamboo Airways. There could also be another round of talks with Qatar Airlines in February for a route to Doha, he added. The airport is negotiating the renewal of the route to Newark with United Airlines. Discussions are also taking place with American Airlines about restoring the route to Philadelphia. Pos said that the airport is talking to some US partners about a direct service connecting Prague and Chicago, adding that the airport also hopes to resume direct flights to Canada, specifically to Toronto and Montreal with potential partners being Air Canada or Air Transat. At the same time, Prague Airport is also interested in destinations in Asia, including China, India, Japan, Singapore, the Republic of Korea, and Mongolia, along with destinations in Europe, he revealed. Before the COVID-19 … [Read more...] about Prague Airport wants to open direct air routes to Vietnam
Tax and land-use fee reductions should continue in 2023: MoF
The Ministry of Finance's main office in downtown Ha Noi. — VNA/VNS Photo The Ministry of Finance (MoF) said tax support policies and land-use fee reductions for businesses should be continued throughout 2023 despite shortfalls in state budget collection. However, the ministry's proposal did not include a value-added tax (VAT) reduction of 2 per cent, which it said has been challenging and complicated to implement. In the MoF's latest proposal to the government, businesses, household businesses and individuals were to continue to enjoy a 30 per cent cut in land-use fees in 2023, on top of an extension on their tax duties. "The ministry supports the government's policy to give businesses more time to meet their financial duties and a 30 per cent reduction in land-use fees as parts of an effort to support businesses," said Ho Duc Phoc, Ministry of Finance. Phoc said key priorities for the central government this year include speeding up the disbursement of public investment … [Read more...] about Tax and land-use fee reductions should continue in 2023: MoF
Hau Giang approves $23.6m seafood feed plant
A Sunjin Vina Co plant in Ha Nam Province. — Photo danviet.vn South Korea-invested Sunjin Vina Co has received a licence from Hau Giang Industrial Zones (IZ) Management Board to develop a seafood feed plant in the province's Tan Phu Thanh Industrial Zone (IZ). The 2.6ha-plant, expected to cost US$23.6 million, will produce 126,000 tonnes of fish and shrimp feed products annually, the Vietnam Investment Review has reported. The plant's first phase is slated for completion in May 2024. Head of the board Tran Ngoc Hung described the plant's investment licence as a good start to the year for the province and the investor. He said his board would create all the most favourable conditions for the investor while coordinating with relevant departments to solve difficulties promptly, so that it could soon put the project into operation. Founded in 2007, Sunjin Vina Co now has four feed mills in Hung Yen, Ha Nam, Dong Nai and Tien Giang provinces with a total designed capacity of … [Read more...] about Hau Giang approves $23.6m seafood feed plant