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During a working session with a delegation from the U.S. - ASEAN Business Council (USABC) in Hanoi on March 23, Anh expressed his delight at the strong and substantial development of cooperation between Vietnamese and U.S. firms. He highly valued the U.S. businesses’ positive contributions to the transformation and growth of Vietnam's economy, and expressed the readiness to engage in dialogues with U.S. enterprises to address obstacles in bilateral economic, trade and investment cooperation. Hailing the U.S. firms for expanding operations, research and development and innovation, he suggested the USABC further enhance its role as a bridge promoting Vietnam - U.S. comprehensive partnership effectively and substantially that are aligned with needs and interests of both sides; step up collaboration in diversifying and ensuring supply chains, and further expand business operations. The USABC delegation vowed to continue partnering closely with Vietnam and nourish Vietnam - U.S. … [Read more...] about Vietnam, U.S. nourish economic, trade, investment ties

Vinhomes Ocean Park 2 in Hung Yen province. Hung Yen Urban Investment and Development Co issued two lots of bonds worth total 7.2 trillion VND on March 16 with collateral of property rights arising from business cooperation contracts at Vinhomes Ocean Park 3 project. (Photo courtesy of Vinhomes) Hanoi (VNS/VNA) - The corporate bond market is showing signs of recovery after a prolonged period of inactivity with a notable increase in both the number of issuers and value of issuance. Data on the Hanoi Stock Exchange showed as of March 24, eight companies issued bonds worth more than 23.8 trillion VND (over 1 billion USD), of which real estate firms dominated the market with total issued value of 19 trillion VND, accounting for 80% of total value. This number was a significant increase compared to the value of 500 billion VND in February and 110 billion VND in January. On March 16, two realty firms – Hung Yen Urban Investment and Development Co Ltd and Southern Star Urban … [Read more...] about Corporate bond issuance surges in March after prolonged inactivity

Vietnamese Ambassador to Thailand Phan Chi Thanh (L) and Thai Deputy Minister of Labour Surachai Chaitrakulthong (Photo: VNA) Bangkok (VNA) - Vietnamese Ambassador to Thailand Phan Chi Thanh had a working session with Thai Deputy Minister of Labour Surachai Chaitrakulthong on March 24 to discuss measures to further step up labour cooperation between the two countries. The Vietnamese diplomat briefed on economic cooperation between Vietnam and Thailand, saying that Thai businesses highly value business opportunities in Vietnam and want to expand their investment in the country. Many Thai corporations have invested in Vietnam with large-scale projects, using many Vietnamese workers, he said, adding that the Vietnamese Government always creates favourable conditions for Thai labourers to work in the country. He thanked the Thai Government for supporting legal workers from Vietnamm in the past time, and suggested the Thai side consider adding more industries for … [Read more...] about Vietnam, Thailand eye stronger labour cooperation

The country should have a high level of urbanization comparable to ASEAN and Asia by 2045. Vietnam aims to have at least five cities of international caliber to serve as locomotives for regional and international development networks by 2045, according to an action plan released by the Ministry of Construction (MoC) recently. Under the action plan, the ministry will execute two resolutions, one by Politburo and the other by the Government, on the sustainable development, management, and construction of urban areas in Vietnam by 2030 with a vision for 2045. Hanoi from above. Photo: Huu Thang The country plans to build a high level of urbanization comparable to ASEAN and Asia by 2045. The urban system would be integrated, balanced, and sensitive to climate change, natural disasters, and epidemics, while promoting environmental protection and distinctively modern architecture with green and smart elements, according to the action plan. Other key targets … [Read more...] about Vietnam aims for five international-standard cities by 2045

It said previously, Cambodians visited Vietnam mainly for medical services, but over several recent years, the inflow of middle-class visitors from the neighboring country to Vietnam for tourism purpose has been rising, especially after the COVID-19 pandemic was put under control. The Central beach city of Da Nang, the ancient town of Hoi An, Da Lat – the city of thousand flowers in the Central Highlands region, Nha Trang, Vung Tau and the “Paradise Pearl Island” of Phu Quoc are some of top favorite destinations among Cambodian tourists. Tran Quoc Thinh, Director of Tay Ninh province’s Tourism Promotion Center said Cambodia is a traditional tourism market of Tay Ninh, which shares a 240-km border with Cambodia’s Svay Rieng, Prey Vieng and Tboung Khmum provinces. Cambodians regularly cross the border to Tay Ninh for sightseeing, shopping or visiting pagodas, especially on weekends or holidays, according to Thinh. The province has introduced many new, unique and interesting … [Read more...] about Vietnam becomes favorite destination for Cambodian tourists

In his remarks, Ngo Sy Anh, General Manager of Vietnam Airlines branch in Japan, affirmed the importance of the Japanese market to the company. Before the pandemic, the airline ran 68 flights every week to connect four major cities of Japan to Vietnam’s Hanoi, Ho Chi Minh City, and Da Nang. In 2019, it carried 1.6 million passengers on these routes. With the Vietnamese Government deciding to resume regular international flights from January 1 last year, Vietnam Airlines is now operating 42 flights linking the countries. At the event, participating Vietnamese travel, accommodation companies and carriers introduced Vietnam’s potential and attractive sites to their Japanese peers. The sides exchanged views on cooperation orientations to capitalize on opportunities stemming from the nations’ post-pandemic recovery. In an interview on the sidelines of the event to the Vietnam News Agency, Sayuri Hiroi, Business Development Manager at the TMG, said Vietnam is a safe nation of charming … [Read more...] about Vietnam tourism promoted in Japan

The three projects are located at prime locations on Hung Vuong Street in Hai Chau District, about 400 meters from the Han River. They are the Da Nang Center project (No. 1), Diamond Square project (No. 2), and the Golden Square commercial complex, office, hotel, and luxury apartment project (No. 3). The Da Nang Center project, invested in by Vu Chau Long Real Estate, covers an area of ​​​​more than 7,800 square meters and has a total capital of nearly VND500 billion ($21.25 million). When construction started in March 2008, the project was advertised as high-rise apartment buildings, a high-class standard commercial center, and a five-star hotel and conference center. However, no development has been going on and rainwater has turned the project area into a pond. With its northern façade bordering a residential area, part of the project has now been turned into a landfill as locals arbitrarily throw trash … [Read more...] about Abandoned projects result in prime land waste in Da Nang

Thai Deputy Government Spokesperson Tipanan Sirichana.(Photo: nationthailand.com) Bangkok (NNT/VNA) - The Cabinet has acknowledged the progress made in promoting Thailand’s image through the use of "soft power" in the entertainment industry, said Deputy Government Spokesperson Tipanan Sirichana. The government aims to promote economic development through the entertainment industry, encouraging the sales of Thai goods and services while motivating entrepreneurs through tax measures. As part of this effort, the Cabinet has appointed a committee to study and develop policies, plans and strategies for the purpose of supporting and improving the nation’s soft power through the industry. Additionally, the committee will offer tax deductions or financial incentives to motivate private entrepreneurs in the manufacturing, service, and production sectors to promote Thai products and services. The committee will propose several draft plans to the Cabinet for approval. The … [Read more...] about Cabinet recognises progress in promoting Thai soft power

Phathi is a cluster of villages that has received significant investment from the Government of Vietnam since 2009 to build essential infrastructure projects such as roads, clean water systems, schools, clinics, cultural centers, and agricultural extension programs. However, due to the lack of funds for maintenance and repairs, a number of construction items have deteriorated over time. To address this, the Vietnamese and Lao Ministries of National Defense recently received approval from the Prime Ministers of the two countries to support the maintenance, repairs, and upgrade of essential infrastructure works, particularly the clean water supply systems and school sites. During the visit, Senior Lieutenant General Hoang Xuan Chien presented 40 gifts, each worth VND 2 million, to needy students and policy beneficiaries in the locality. He also visited the 705 International Cooperation Co. Ltd. of Military Region 2, a Vietnamese company operating in the area, and praised their great … [Read more...] about Deputy defense minister presents gifts to Lao people

The ceremony was attended by Major General Le Quang Tuyen, Deputy Director of the General Department of Defense Industry, who urged Ba Son Corporation to use all available resources to speed up the shipbuilding process, procure necessary materials and equipment, and ensure quality and progress. Colonel Mai Quoc Truong, General Director of Ba Son Corporation, stated that the vessels in the Combi Freighter 3850 series are modern ships that require a lot of resources. The Vietnamese corporation is committed to conducting the project with high quality and absolute safety, which will allow them to demonstrate their capacity to build new ship products with modern techniques and quality standards. This will also help the corporation to improve its management level, technological capacity, and the skills of its officials and employees, and strengthen its position and brand in the export shipbuilding market. The Combi Freighter 3850 is a multi-purpose cargo ship with a length of 89.70m, a … [Read more...] about Ba Son Corporation begins building new ship for Damen Shipyards Group