Infrastructure investment

Le Trung Kien, Head of Hai Phong Economic Zone Management Board presents gifts to representatives of Nomura-Haiphong Industrial Zone Development Corporation (investor of Nomura Hai Phong Industrial Park) (Photo: VNA) Hai Phong (VNA) – Hai Phong will always accompany with and create optimal conditions for investors, vowed Nguyen Trung Kien, head of the Economic Zone Management Board of the northern port city, during a meeting with foreign-invested businesses in the city on January 31. Kien thanked the firms for choosing Hai Phong as their long-term investment destination, expressing his hope that the partnership between the two sides will continue to be strengthened, benefiting both sides. He said that 2023 is predicted to be a tough year, but local authorities will support and give best conditions for businesses to overcome common difficulties of the world economy. In following years, Hai Phong will continue to expand industrial parks and clusters, while improving … [Read more...] about Hai Phong pledges optimal conditions for investors

Illustrative photo (Source: VNA) Tien Giang (VNA) – The Mekong Delta province of Tien Giang will exploit more than 124,000 tonnes of seafood of all kinds in 2023. According to Director of the provincial Department of Agriculture and Rural Development Nguyen Van Man, the tapping of maritime potential will be associated with a series of drastic measures against illegal, unreported and unregulated ( IUU ) fishing. These measures include tight vessel management, strict punishment of related violations, communications activities to raise public awareness on the matter, better investment in fishery infrastructure, and the implementation of policies for improving fishermen’s livelihoods, among others. In 2022, the province’s seafood output topped 361,000 tonnes, exceeding the yearly target by nearly 26%. Of the amount, the yield from farming neared 221,000 tonnes, with the rest coming from offshore fishing and exploitation activities. The coastal locality’s fleet of … [Read more...] about Tien Giang plans to exploit over 124,000 tonnes of seafood this year

Illustrative photo (Source: VNA) Hanoi (VNS/VNA) – Vietnam’s textile, garment and footwear sectors aim to achieve a total export value of 77-80 billion USD in 2025 and 106-108 billion USD in 2030, according to the strategy for the development of Vietnam’s textile and footwear industry. Under the development strategy approved by the Government, for the long term, the garment, textile, leather and footwear sectors are still key export industries of the economy. The sectors will continue to promote investment in the production of materials and auxiliary materials, as well as supporting industries. They will encourage the production of fabrics from domestically produced yarn to reduce imports, and form a complete supply and value chain in the region. For the leather and footwear industry, Nguyen Duc Thuan, Chairman of Lefaso, said domestic enterprises need to actively adapt to the requirements of the market and brands on sustainable development standards for products. They … [Read more...] about Garment, footwear exports aim to reach 80 bln USD by 2025

Illustrative image (Photo: AFP) Hanoi (VNS/VNA) - Climate change is one of the world’s biggest threats, and reducing emissions is the priority for all countries in the world and the lodestar for investment trends. Warmer temperatures are altering weather phenomena and disrupting the balance of nature, directly affecting human activities. The devastation caused by extreme weather disasters like typhoons, floods, and heat waves is worsening in many nations. And the economic damage caused by climate change is also increasing in line with global temperatures. Major storms destroy crops, costing billions of dollars, while rebuilding after each storm and flood requires a huge amount of money. The more extreme the climate, the more it damages economies. It is a positive sign that many countries have joined the fight for net zero emissions by 2050. Many people worry that it is unrealistic given the standard pace we have already set. However, an expert in the industry believes … [Read more...] about Financing’s role in reaching net-zero emissions

Dong said that the conference aims to launch the Government’s action program to implement the Politburo’s Resolution 26-NQ/TW on the orientations for socio-economic development and security - defense protection of the region to 2030 with a vision to 2045, and attract investment to the region. According to the official, the conference is also designed to call for the engagement of investors, domestic and foreign business associations and partners in major investment projects and programs in the region. Deputy Minister Dong underlined that the event has a significant importance to the development of the region which has a special strategic role in economy, politics, culture, society, environment, defense, security and foreign relations of the country, especially the national strategy on the sustainable maritime economic development. An investment promotion conference will be held in parallel with the event, aiming to mobilize resources for infrastructure development in the region … [Read more...] about Maritime economy to be boosted in North-central and Central coastal region

The information was announced by Viettel Post on January 31. According to the corporation, after seven months of focusing on investment in network infrastructure and technology, as well as optimizing operation processes, the enterprise has exceeded its business targets on post and telecommunications services in the fourth quarter of 2022. Specifically, Viettel Post's total consolidated revenue increased by 13.2 per cent compared to the previous quarter, equivalent to VND 5.21 trillion (USD 220.76 million). Notably, revenue from the delivery sector grew by 22.9 per cent, which was the highest growth rate of Viettel Post in 2022. This result was achieved through efforts in applying technology to the operation and re-planning of the enterprise's warehouse system. Accordingly, the whole process time was shortened by up to 30 per cent compared to  previous one, bringing the successful delivery rate of e-commerce goods to 94.29 per cent, the highest since the beginning of 2022. The … [Read more...] about Viettel Post achieves double-digit growth rate

The northcentral and central coastal region has a special strategic role in economy, politics, culture, society, environment, defence, security and foreign relations of the country (Photo: MPI) Hanoi (VNA) – A national conference on the socio-economic development of the northcentral and central coastal region will be held on February 5, focusing on seeking measures to boost maritime economic growth for fast and sustainable development of the regions, Deputy Minister of Planning and Investment Tran Huy Dong said at a press briefing in Hanoi on February 1. Dong said that the conference aims to launch the Government’s action programme to implement the Politburo’s Resolution 26 -NQ/TW on the orientations for socio-economic development and security-defence protection of the region to 2030 with a vision to 2045, and attract investment to the region. According to the official, the conference is also designed to call for the engagement of investors, domestic and foreign … [Read more...] about Maritime economy to be boosted in northcentral and central coastal region