Dao Minh Chanh, Deputy Director of the municipal Department of Planning and Investment, said E.U. countries are investing in 2,724 projects in HCM City, mostly in the fields of manufacturing and processing, retail and wholesale, motor and automobile repair and maintenance, and information and communications. Worth a total of 7.69 billion USD, they account for 10.27% of FDI in the city, he said. HCM City has constantly improved its business climate and adopted various incentives to encourage more FDI, he said, adding that most notably among the incentives include reductions in corporate income tax, import-export duties and land lease. Vo Van Hoan, Vice Chairman of the municipal People’s Committee, highlighted the importance of the E.U.-Vietnam Free Trade Agreement (EVFTA) which has entered into force, saying it has brought great and balanced benefits to both sides and there is a huge opportunity for Vietnam and the E.U. to step up bilateral economic cooperation. With the E.U.’s … [Read more...] about HCM City calls for E.U. investment in nearly 200 projects
Investment under chapter vi a
The competition, part of the Taste of Australia event, was organised by the Australian Trade and Investment Commission (Austrade) and supported by Vietnam’s Graduates from Australia Club (VGAC). It had two rounds – an online one held from May 12-June 4; and a final round held on June 25 in Ho Chi Minh City. All contestants registered for the online round submitted video clips with two cups with two different patterns from four subjects - Heart, Tulip, Rosetta and Swan. Sixteen submissions competed in the final round and the top three winners were chosen by a panel of judges featuring: Dang The Lan (Alumnus of Central Queensland University; Founder and Managing Director, The Lovely Cup O’ Coffee; 3rd Place Winner of the Southern Region Latte Art Championship in 2013 Australia); and Pham Minh Luan (Alumnus of RMIT Vietnam; Founder, Hyper Coffee). The three guest judges for the competition were: Rebecall Ball, Senior Commissioner of Austrade; MasterChef Ngo Thanh Hoa; and Art … [Read more...] about Australian barista contest found the winner
Vice Chairman of the People’s Council of Ho Chi Minh City Nguyen Van Dung addresses the meeting (Photo: VNA) HCM City (VNA) – Vice Chairman of the People’s Council of Ho Chi Minh City Nguyen Van Dung and Vice Chairman of the Standing Committee of China's Shanghai Municipal People Congress Chen Jing had an online meeting on June 30 to discuss orientations to promote the partnership between their elected agencies. Dung affirmed that the meeting shows HCM City’s determination and hope to maintain the friendly and cooperative partnership between the two cities. Briefing the Chinese official on the socio-economic situation of the city, Dung said he hopes Shanghai will continue to organise short-term training courses for HCM City officials and share experience in areas of mutual interest. He briefed the Chinese official on major activities of the HCM City People’s Council, especially measures to speed up the socio-economic recovery and development after COVID-19 , and … [Read more...] about Elected bodies of HCM City, Shanghai foster partnership
At a meeting in London on June 30 with Kenneth Atkinson, head of the British Business Group in Vietnam (Britcham), and representatives of British groups and investment funds operating in Vietnam, Hue affirmed that the relationship between Vietnam and the U.K. is at an all-time high. He believed the U.K. will continue to elevate its role and position in terms of economy, trade and investment in Asia-Pacific, including the Association of Southeast Asian Nations (ASEAN) and Vietnam. The N.A. Chairman said two-way trade has reached 6-7 billion USD per year, but there remains huge room for the countries to boost trade. Hue expressed his hope that Britcham will further affirm its role in attracting and guiding British businesses in Vietnam, while intensifying its consultation and policy support for these firms. The Vietnamese legislature, government, ministries, agencies and localities are willing to work to improve the investment and business environment for both domestic and … [Read more...] about Vietnam seeks stronger trade, education ties with U.K.
Hue held talks with top legislators, met with government leaders and ministers of Hungary and the U.K. and witnessed the signing of a number of memoranda of understanding on cooperation between ministries and localities. He took the occasion to thank Hungarian and British leaders and people for donating COVID-19 vaccines and test kits to help Vietnam combat the pandemic. The N.A. Chairman also met with heads of friendship parliamentary groups, friendship associations, corporations and universities in the two countries; attended high-level forums on trade, economy, investment and education; and visited Vietnamese communities there. The visits aimed to deepen bilateral cooperation with the two European countries and showed the Party's and State's care for Vietnamese expatriates. The signing of an agreement between the Vietnamese and Hungarian National Assemblies marked a new milestone in the two sides’ relations, lifting the bilateral parliamentary ties to a new height. Hue’s … [Read more...] about Top legislator arrives in Hanoi, concluding visits to Hungary, U.K.
The session adopted the “Political declaration of the high-level meeting on improving global road safety,” with the 193-member General Assembly committed to drive the implementation of the Global Plan for the Decade of Action for Road Safety 2021-2030, including the goal to half road traffic deaths in the next eight years. Speaking at the event, Ambassador Nguyen Phuong Tra, Charge d'affaires a.i. of Vietnam to the U.N., affirmed that Vietnam totally supports the Decade of Action for Road Safety 2021-2030. For the realisation of its goal, she said it is necessary to strengthen road safety legislation at global, regional and national levels to address current and emerging challenges. In addition, more investment is needed in developing infrastructure and road safety capacity in low- and middle-income countries, where 90% of traffic accidents are reported. Tra also emphasized the need to build a culture of traffic safety through education and awareness of obeying traffic laws such … [Read more...] about Vietnam backs U.N.’s efforts to improve road traffic safety
Illustration. (Photo: VNA) Hanoi (VNA) – Vietnam’s economic growth accelerated faster than expected in the second quarter of this year, as a recovery in exports and manufacturing helped offset risks from coronavirus outbreaks and rising oil prices, Bloomberg reported. The US-based news agency cited data from the General Statistics Office of Vietnam (GSO) saying the Vietnamese economy expanded 7.72% year-on-year in the April-June period, compared to 5.05% of the previous quarter. That was quicker than the median estimate for a 5.9% gain in a Bloomberg survey, and the highest level since at least the first quarter of 2013, it said. The performance helped lift growth in the first-half to 6.42% from a year ago, beating the GSO’s forecast for a 5.5% pace. The government targets full-year growth at 6%-6.5%. The gains in momentum coincide with Vietnam emerging as one of the alternative destinations for foreign investment amid trade disruptions from China’s lockdowns, … [Read more...] about Vietnam’s economic growth accelerates on back of exports, manufacturing: Bloomberg
National Assembly Chairman Vuong Dinh Hue (R) meetsUK Cabinet Office Minister and President for 26th United Nations Climate Change Conference (COP26) Alok Sharma (Photo: VNA) London (VNA) – National Assembly (NA) Chairman Vuong Dinh Hue had a meeting in London on June 30 (local time) with UK Cabinet Office Minister and President for 26th United Nations Climate Change Conference (COP26) Alok Sharma who expressed impression at Vietnam’s determination in transition to green and renewable energy. Sharma said he hopes Vietnam will make political commitments on the thresholds of the COP27, along with government ones at the highest level in the work. The official showed interest in bilateral cooperation in finance, regulation reform and experience sharing in power transition as well as measures to promote the partnership in the future. He revealed that Britain PM Boris Johnson and European Commission President Ursula von der Leyen had agreed to sign a letter to Vietnamese PM … [Read more...] about COP26 President hails Vietnam’s determination in transition to green, renewable energy
Illustrative image (Source: VNA) Hanoi (VNA) - Though Vietnam is said to have certain advantages, to maintain sustained success, the country should be a diligent student of not only the upsides, but also the lessons learnt of other countries, said Moritz Kraemer, former Global Chief Ratings Officer of Sovereign Ratings Group at S&P Global and currently the Chief Economist, Head of Research of Landesbank Baden Wuerttemberg (LBBW). Speaking to Vietnam News Agency, the expert held that the world is in turmoil, and the old model of globalisation is severely tested as erstwhile reliable supply chains are ruptured and seem to refuse to heal. Moreover, inflation appears to be getting out of hand in much of the advanced economies as commodity prices soar and labor becomes increasingly scarce. Moritz Kraemer, former Global Chief Ratings Officer of Sovereign Ratings Group at S&P Global (Photo: VNA) He predicted that international companies will progressively search … [Read more...] about Vietnam remains a place of seemingly limitless promise: experts
Nation Assembly Chairman Vuong Dinh Hue speaks at the forum (Photo: VNA) London (VNA) - The National Assembly always supports the development of the Vietnam-UK strategic partnership, which was established in 2010, particularly in education, stated Chairman of the Nation Assembly (NA) Vuong Dinh Hue at the Vietnam-UK Education Collaboration Forum in London on June 30 (local time). Addressing the forum, Hue stated education is a leading national policy in Vietnam, identified as one of the three breakthroughs to implement the nation’s socio-economic development strategy. Every year, Vietnam spends 20% of its national budget on education and training. He said to create a strong transition in human resource development, Vietnam has determined that it is necessary to actively carry out international integration and promote foreign investment attraction in education for quality improvement. With the country’s law made to facilitate businesses in the sector, Vietnam has … [Read more...] about Legislature backs Vietnam-UK education cooperation: top legislator