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The Lien Chieu deep-water port project, on a planned area of about 450 hectares, will be the largest container port in the central region upon completion and be capable of berthing container vessels of up to 8,000 TEUs. The project consists of 2 components, with an implementation period from 2021 to 2025. Da Nang is now calling for investment in the project and offering incentives. “Port infrastructure investment is among the categories subject to incentives. Projects with investment of over 30 trillion VND will enjoy special investment incentives. We are developing a bidding plan and attempting to get construction underway this year,” said Le Thanh Hung, Director of the Management Board for Da Nang’s Priority Infrastructure Investment Projects. Considered a highlight of Da Nang’s investment attraction efforts, its Hi-Tech Park has been attracting a host of projects, in particular foreign investment focusing on information technology and high-tech industry. Luong Van Quang, … [Read more...] about Da Nang offering preferential policies to attract investors

The five-day visits of Vietnam’s National Assembly Chairman Vuong Dinh Hue to Hungary and the UK marked a new milestone in bilateral relations, eventually contributing to the Vietnam-EU partnership. The Chairman’s official visit to Hungary was significant amid the 72nd anniversary of diplomatic relations and approaching the five-year mark of the comprehensive partnership (2018 – 2023). In addition, Hungary was Vietnam’s first comprehensive partnership in Central and Eastern Europe, as the former has been actively supporting Vietnam in both multilateral frameworks and also in Vietnam-EU relations. NA Chairman Vuong Dinh Hue and Hungarian Prime Minister Viktor Orban. Source: VNA It was noted worth mentioning that Hungary was the first among EU members that ratified the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA). Chairman of the NA’s Foreign Affairs Committee Vu Hai Ha said meetings between Chairman … [Read more...] about New milestone in Vietnam’s relations with Hungary, UK

The People’s Committee of HCMC and Vietnam National University–HCMC (VNU-HCMC) sign a cooperation program in various areas in the 2022-2025 period. (Photo: SGGP) The program aims to serve the goals of socio-economic development and integration of the city and the southern key economic region in the 2022-2025 period, and implement VNU-HCMC’s main missions in researching, training and serving the community. The cooperation program includes human resource training and development in the fields of IT, AI, urban management, mechanical and automation engineering, business management, finance and banking, health and tourism; scientific research and socio-economic development allowing VNU-HCMC to participate in the city’s key science and technology missions, seek measures for the development of culture and sports, study automation technology application of infrastructure management and operation, assess the social impacts caused by flooding and seek solutions to improve environment; … [Read more...] about HCMC, VNU-HCMC sign cooperation program for socio-economic development

Vice Chairwoman of the HCMC People’s Committee Phan Thi Thang visits a display booth of Nghe An Province's local products. (Photo: SGGP) Attending the event was Deputy Minister of Culture, Sports and Tourism Doan Van Viet, head of Vietnam National Administration of Tourism (VNAT) Nguyen Trung Khanh, Chairman of the People’s Committee of Nghe An Province Nguyen Duc Trung, Vice Chairwoman of the HCMC People’s Committee Phan Thi Thang and Deputy Chairman of the People’s Committee of Hanoi Nguyen Manh Quyen, leaders of provinces and travel businesses. The event aims to promote potential and the value of natural resources for tourism of localities as well as exploit trans-provincial and trans-regional tourism products, affirming the country's position on the world tourist map. The forum is the city’s 6th tourism development cooperation program promoting the linkage in tourism between HCMC and eight cities, provinces in the Northwest region , 13 Southern provinces and cities , … [Read more...] about HCMC, north central provinces boost linkage for tourism development

Engineers at VNSC are building a small satellite. (Photo: VNSC) Hanoi (VNA) – Potential plans and roadmaps were proposed to build national capacity in Earth observation using small satellite systems during a seminar held by the Vietnam National Space Centre (VNSC) at the Vietnam Academy of Science and Technology (VAST) in Hanoi on June 30. In his remarks, VNSC General Director Assoc. Prof., Dr. Pham Anh Tuan said the Government in February 2021 announced a strategy for the development and application of aerospace science and technology by 2030, aiming to utilise achievements in the fields to address defence and security issues, strengthen management of environment and natural resources, monitor natural disasters and minimise their impacts, and provide related services for people. This seminar forms part of the efforts to translate the strategy into reality, according to Tuan. The seminar is held by the Vietnam National Space Centre (VNSC) at the Vietnam … [Read more...] about Vietnam to use small satellites to build capacity in Earth observation

Shareholders voted for him to replace Dang Tat Thang, who was appointed in March after his predecessor Trinh Van Quyet was arrested for allegedly manipulating the stock market. Thang now serves as vice president of the company. Nguyen, brother-in-law of Quyet, has more than 17 years of experience in doing business and used to hold leading positions in many businesses. He was also a member of the board of directors of FLC Group from 2013 to October 2017 and from June 2018 to June 2020. FLC said it would focus on restructuring its management model and business plans this year. Several of its key leaders have been detained amid an investigation into possible stock market fraud that caused "serious damage to investors and affected the operations of Vietnam's stock exchange," according to the Ministry of Public Security. The company suffered losses of VND465 billion ($19.85 million) in the first quarter, its biggest in the last two years. … [Read more...] about FLC Group names new chairman

He was allegedly involved in the Baller Ape Club, a project that purportedly sold NFTs in the form of various cartoon figures, often including the figure of an ape, the Department of Justice said in a recent statement. Shortly after the first day Baller Ape Club NFTs were publicly sold, Tuan and his co-conspirators engaged in what is known as a "rug pull," ending the purported investment project, deleting its website and pocketing the investors’ money. Based on blockchain analytics, shortly afterward they laundered investors’ funds through "chain-hopping," a form of money laundering in which one type of coin is converted into another and funds are moved across multiple cryptocurrency blockchains, and used decentralized cryptocurrency swap services to obscure the trail of Baller Ape investors’ stolen funds. If convicted on all counts, Tuan faces up to 40 years in prison. This and several other similar cases "serve as a crucial reminder that some con artists hide behind trendy … [Read more...] about Vietnamese charged with NFT fraud in US

A Yoga performance at the event (Photo: VNA) Ba Ria - Vung Tau (VNA) – More than 600 yogis in the southern province of Ba Ria - Vung Tau gathered at an event on June 2 to celebrate the International Day of Yoga 2022 (June 21). Addressing the event, Vice Director of the provincial Department of Culture and Sports Nguyen Thi Anh Hong said that the International Day of Yoga is a chance for yogis to meet, exchange experience and spread Yoga spirit to the community, but also an opportunity for the Vietnam ese and Indian people to foster cultural exchanges, thus enhancing the sound relations between the two countries as well as Ba Ria-Vung Tau and India in particular. Hong said that currently, the province is home to nearly 60 Yoga clubs and 80 training facilities. Yoga has been practiced by a large number of local residents, she added. For his part, Indian Consul General in Ho Chi Minh City Madan Mohan Sethi said that Yoga connects the mind and body of humans, and … [Read more...] about International Day of Yoga marked in Ba Ria – Vung Tau