Investment solutions

The ministry discussed three potential GDP outcomes for 2023. The lowest prospect mentioned would see GDP growth at 5% for the entire year. In this case, GDP in the last quarter would have to reach 7%, according to ministry analysts. The middle of the road scenario would see GDP round out the year at 5.5%, in which case final quarter GDP growth would need to reach 8.8%. The most optimistic scenario would be GDP growth ending the year at 6%, but in order for that to happen, GDP growth in the fourth quarter must reach 10.6%. This would be a challenge, according to the ministry, as GDP growth in the third quarter reached only 5.33%. Ministry analysts have said that economic growth in the final quarter would depend on how quickly industrial production recovers, especially in manufacturing and processing. Another factor is demand from Vietnam’s major export markets, as well as tourism and spending within the country at the end of the year and for the upcoming Lunar New Year holiday. … [Read more...] about GDP growth 6% max this year, ministry predicts

He emphasized the need to strongly promote growth drivers, speed up industrial production development, especially the manufacturing-processing industry in the context of continued difficulties and challenges in the world situation as well as in the country. The government leader reiterated the overall goal of maintaining macro-economic stability, reining in inflation, propelling growth, ensuring major balances of the economy, paying attention to social welfare, protecting socio-political stability and social order and safety, intensifying anti-corruption activities, strengthening national defense-security, promoting external relations, and maintaining a peaceful environment for development. He asked agencies, sectors and localities to get plans and scenarios readied to respond to all circumstances. It is necessary to focus on boosting industrial production with a goal of about 10% in the fourth quarter to make up for the slow growth in previous quarters, he said, ordering … [Read more...] about Prime Minister urges utmost efforts to complete targets for 2023

The “Thai Binh Homecoming Day” program, organized by the provincial People’s Committee, also aims to boost cooperation between businesses from both sides, while creating favorable conditions for the Korean investors to study the Vietnamese market, and expand collaboration with their Vietnamese partners across the fields of economy, culture and society. It will be held at Thai Binh Square, Hoang Dieu ward, Thai Binh city, with a series of events, including an opening ceremony, an international agricultural fair of the northern delta, an art exchange program between universities, colleges and localities of the RoK and Thai Binh, a conference to promote trade, investment and tourism between Thai Binh and the East Asian country, a field trip to industrial parks and tourism sites in Thai Binh, and the music festival entitled "Homecoming". Speaking at the meeting to announce the steering board and organizing sub-committees on September 27, Chairman of the provincial People’s Committee … [Read more...] about Program to bolster Vietnam – RoK ties

Noting that the RoK is one of the biggest foreign investors in Vietnam, Deputy PM Quang affirmed that the Vietnamese Government will continue with drastic efforts to improve the business and investment environment for foreign investors, including those from the RoK, to do business successfully in the country. He proposed that the two countries maintain regular visits and contact at all levels so as to continuously strengthen relations between their leaders, creating the foundation for promoting cooperation across all fields. The deputy PM also welcomed the establishment of a joint working group on climate change, saying that he believes the two sides, with resolve and efforts, will realize targets set in the Vietnam - RoK Framework Agreement for Cooperation on Climate Change. For his part, Ambassador Choi Youngsam affirmed that the RoK will coordinate closely with Vietnam to realize the agreements reached during the official visit to Vietnam in June this year by RoK President … [Read more...] about Deputy PM hosts new RoK ambassador

The event aimed to celebrate the 50th anniversary of Vietnam - Japan diplomatic relations (1973-2023), tighten the two countries’ friendship, and promote Japan’s images among Vietnamese as well as introduce Tra Vinh to international friends and investors. At the event, Chairman of the provincial People's Committee Le Van Han thanked the Japanese Government for its support to the province in job creation, poverty reduction, and socio-economic development. Japan is one of the most important strategic partners, and the largest official development assistance (ODA) supplier  of Vietnam and a traditional partner of Tra Vinh province, he said, adding projects funded with Japan’s ODA have brought great economic benefits to people in the province. In particular, a branch of Japan's Yazaki EDS Vietnam Company Limited is operating in the locality with a total investment capital of nearly 49 million USD, creating jobs for over 5,000 local workers. Currently, colleges and universities in … [Read more...] about Tra Vinh organizes 3rd Vietnam – Japan cultural exchange program

Illustrative photo (Photo: cand.com.vn) Tra Vinh (VNA) – The Mekong Delta province of Tra Vinh held the third Vietnam – Japan cultural exchange programme at Tra Vinh University on September 29. The event aimed to celebrate the 50th anniversary of Vietnam- Japan diplomatic relations ( 1973-2023), tighten the two countries’ friendship, and promote Japan’s images among Vietnamese as well as introduce Tra Vinh to international friends and investors. At the event, Chairman of the provincial People's Committee Le Van Han thanked the Japanese Government for its support to the province in job creation, poverty reduction, and socio-economic development. Japan is one of the most important strategic partners, and the largest official development assistance (ODA) supplier  of Vietnam and a traditional partner of Tra Vinh province, he said, adding projects funded with Japan’s ODA have brought great economic benefits to people in the province. In particular, a branch of Japan's … [Read more...] about Tra Vinh organises 3rd Vietnam-Japan cultural exchange programme

Under the theme “Green Future,” this painting competition is part of the celebration of the 10th year anniversary of signing the Comprehensive Partnership Agreement between Vietnam and Denmark, a major milestone, which elevated our bilateral relationship from traditional development cooperation to a full-fledged partnership encompassing political dialogue, green growth, energy, trade and investment and culture. The competition is open to all Vietnamese students, from both primary and secondary schools. The deadline for submission is November 30th 2023. Winners will be announced and awarded at a ceremony at the end of the school year 2023 – 2024 in Hanoi. At the launching ceremony, Ambassador of Denmark in Vietnam Nicolai Prytz said that he both honored and excited to attend the launching of the Denmark in Your Eyes painting competition, which has added a lot of values to the strengthening of our two countries’ long term cooperation on promoting green and sustainable development. He … [Read more...] about Denmark in Your Eyes 2023 painting competition on green future launched

WASHINGTON - The US Congress passed a stopgap funding bill late on Saturday (Sept 30) with overwhelming Democratic support after Republican Speaker Kevin McCarthy backed down from an earlier demand by his party's hardliners for a partisan bill. The Democratic-majority Senate voted 88-9 to pass the measure to avoid the federal government's fourth partial shutdown in a decade, sending it to President Joe Biden to sign into law before the 12.01am ET (12.01am Singapore time) deadline. McCarthy abandoned party hardliners' insistence that any bill pass the chamber with only Republican votes, a change that could cause one of his far-right members to try to oust him from his leadership role. The House voted 335-91 to fund the government through Nov 17, with more Democrats than Republicans supporting it. That move marked a profound shift from earlier in the week, when a shutdown looked all but inevitable. A shutdown would mean that most of the government's four million employees would … [Read more...] about US Congress passes stopgap bill to avert government shutdown

At the ceremony to mark the 78th National Day of Vietnam in the Netherlands (Photo: VNA) The Hague (VNA) - The Vietnamese Embassy in the Netherlands held a ceremony on September 29 to mark the 78th National Day of Vietnam , inviting 200 guests who are local officials, international diplomats and representatives from the Vietnamese community in the European country. Addressing the event, Ambassador Ngo Huong Nam reviewed the glorious history of national construction and defence of Vietnam over the past 78 years as well as the country's achievements in external relations, politics, economy and international integration. Vietnam always treasures and is grateful for the valuable and practical support from international friends, including the Netherlands, he said. Looking back on the 50-year ties between Vietnam and the Netherlands, the diplomat said that the two countries have become each other's important and priority partners. Currently, the Netherlands is the biggest … [Read more...] about Vietnam’s National Day marked in Netherlands, Belgium

After the construction of the terminal and runway of Long Thanh International Airport Project started at the end of August, many foreign investors have looked for land to invest in Dong Nai. (Photo: baogiaothong.vn) Hanoi (VNA) – Southern localities remain attractive destinations for Japan ese investors thanks to the completion of infrastructure systems and an improved business environment. Japanese firms , including Nitto Denko Corporation, Yuwa Co. Ltd., SKM Vietnam Co. Ltd., and AEON Co., Ltd., have received licences to expand their factories in Binh Duong province with a total investment of 168 million USD. Dong Nai is home to 272 Japanese-invested projects with a combined capital of 5.59 billion USD. (Photo: baodautu.vn) Another favourite southern locality for Japanese investors is Long An, where 138 Japanese-invested projects worth 767 million USD are operating, making Long An the leading hub for Japanese projects in the Mekong Delta region. VNA … [Read more...] about Southern localities a magnet for Japanese investors