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The Renewable Energy in Sustainable Industrial Parks conference was organised by the Haiphong Economic Zone Management Board in collaboration with the Embassy of the UK, the nation's Chamber of Commerce and Industry, and Star Do Group. Head of the Haiphong Economic Zone Management Board Le Trung Kien asserted the green development demand of Haiphong city and its industrial parks and economic zones. Photo: Thanh Son Attendees at the conference were Harry Rawicz-Szczerbo, head of the Trade and Investment Department at the UK Embassy; Le Trung Kien, member of the city Party Committee's Standing Board and head of the Haiphong Economic Zone Authority; Mark Shorrock, chairman of Shire Oak International; Nguyen Thanh Phuong, CEO of Sao Do Group; and representatives of Haiphong's departments and agencies, investors, and businesses. Mark Shorrock, chairman of Shire Oak International, talked about the renewable energy demand of businesses in the RE100 group. Photo: Thu … [Read more...] about Haiphong promotes renewable energy investment in industrial parks

Ho Chi Minh City is calling for investment into 197 projects in ten key areas, including infrastructure development, agriculture, industry, trade and services, healthcare, tourism, education and housing, an official told the Vietnam – Europe Business Forum in the southern largest economic hub on June 30. The Vietnam – Europe Business Forum takes place in HCM City on June 30. (Photo: VNA) Dao Minh Chanh, Deputy Director of the municipal Department of Planning and Investment, said EU countries are investing in 2,724 projects in HCM City, mostly in the fields of manufacturing and processing, retaile 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 … [Read more...] about HCM City calls for EU investment in nearly 200 projects

The Vietnam – Europe Business Forum takes place in HCMC on June 30. (Photo: VNA) Dao Minh Chanh, Deputy Director of the municipal Department of Planning and Investment, said EU countries are investing in 2,724 projects in HCMC, 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 US$7.69 billion, they account for 10.27% of FDI in the city, he said. HCMC 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 EU-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 … [Read more...] about HCMC calls for EU investment in nearly 200 projects

Loading goods onto container ships for export at Cai Mep - Thi Vai Port. (Photo: SGGP) The average volume of cargo through HCMC's seaports in the 2015-2020 period is 7.34 percent. In 2021, the throughput of goods through HCMC-based seaport reached 164.19 million tons, an increase of 40.5 percent compared to that of 116.94 million tons in the planning by 2020, exceeding 2.63 percent compared to that of 159.98 million tons in the planning by 2030. Can Gio Wharf area at the Cai Mep Estuary is at a location with favorable natural conditions in terms of channel depth and on international maritime routes that can accommodate container ships with a tonnage of 250,000DWT (24,000 TEUs) operating on routes to Europe, Africa, and America. Therefore, it has all the conditions to establish an international transshipment container port, creating a competitive edge with other countries in the region and a breakthrough in marine economic development for HCMC and the country. Thus, the early … [Read more...] about HCMC proposes investment in international transshipment port in Can Gio District

HCM City calls for investment in many projects at the Viet Nam – Europe Business Forum held on Thursday. — VNA Photo Xuan Anh HCM City offers numerous investment and business opportunities for European businesses, a Viet Nam – Europe Business Forum heard on June 30. The event organised by the Investment and Trade Promotion Centre in HCM City heard that the city is soliciting investment in 197 projects in a number of areas such as traffic infrastructure, agriculture, housing, and healthcare. They include the US$761 million Elevated Road No 1 from Tan Son Nhat Airport to the city centre and the $255 million Northern Saigon 2 Wastewater Treatment Plant in Thu Duc City. As of last year the city had 1,044 projects set up by EU businesses out of the 2,263 they had in Viet Nam with investments totalling $6.45 billion, or 12.18 per cent of the city’s total FDI. Vo Van Hoan, deputy chairman of the city People’s Committee, said: “With the EU’s assistance in the form of expertise, … [Read more...] about HCM City attractive investment destination for Europe: forum

In the framework of the seminar on spurring Danang’s development as a place to come and live, which was organised on June 27, the leader of Danang People’s Committee approved the joint venture to study the investment feasibility of Lien Chieu Port. The infrastructure of the port will combine a harbour area, a container yard, a warehouse complex, piers, waterways, and a transport system, among others. This project is expected to handle ships with a capacity of 100,000DWT and container ships of up to 8,000TEU. The total cargo going through these harbours would be 3.5-5 million tonnes per year. The development of Lien Chieu Port is one of two key projects that aim to turn the central city into the main logistics centre in ASEAN and the East-West Economic Corridor that links Laos, Myanmar, Thailand, and Vietnam. Adani Group is a diversified organisation in India with a market cap of over $175.21 billion (as of June 29) comprising seven publicly traded companies. The group acquired … [Read more...] about Adani Group to pour $10 billion in Vietnam including Lien Chieu Port

Tourists are excited with a dance of international art troupe. Throughout last week, domestic and foreign visitors and residents enjoyed a fun and colorful festival atmosphere with unique art performances and exhibitions featuring cultural, art and traditional values. Furtherly, the six-day event is a place to exchange unique cultures in the world. Hue Festival 2022 has not only brought different feelings to the participants but it has been also a new vitality to Thua Thien-Hue Province, contributing to affirming its position as a typical festival city of Vietnam as well as one of the unique cultural and tourist centers of the country. As for foreigners' perspective, Simon, a German tourist shared that this was the first time he experienced Hue Festival and he was excited with the performances of Vietnamese and international art troupes, notably he expressed his impression of Belgium troupe and a traditional folk music show at the Hue Imperial Citadel. Another tourist from … [Read more...] about Overlook of Hue Festival Week 2022 from foreigners’ perspectives

Major tech-based companies like Samsung and Intel already have a presence in Vietnam, but the country is seeking even more, Photo: Le Toan The Fortune Global 500 goal is a highlight of Vietnam’s strategy for foreign investment cooperation for the 2021-2030 period. At a conference on strengthening Vietnam-Japan cooperation and development organised in the northern province of Vinh Phuc last week, Masuoka Hiroyoshi, general director of Thang Long Industrial Park Company, said that the group is continuing to survey locations to develop industrial zones, following Thang Long I and II industrial parks (IPs) in Hanoi and the northern province of Hung Yen and Thang Long IP in the northern province of Vinh Phuc. Sumitomo Corporation is one of the groups listed on the Fortune Global 500, and has operated IPs for over 20 years in Vietnam. “Since first entering Vietnam, the corporation has received support from the government, relevant authorities, and localities in completing … [Read more...] about Vietnam going for gold with Fortune Global 500 attraction

Founders of Ascend Vietnam Ventures, Binh Tran and Eddie Thai. — Photo Courtesy AVV Ascend Vietnam Ventures has said that it is looking for the next wave of globally iconic start-ups emerging from Viet Nam. It also announced that it had exceeded its US$50 million target for the flagship early-stage venture capital fund, AVV Alpha. With the new fund, AVV has been exploring a broad range of tech opportunities including those in financial inclusion, education and the future of work. It identified 10 start-ups in the last nine months, including Kilo, a SaaS and wholesale marketplace for over 30,000 micro, small and medium-sized retailers across Viet Nam; Virtual Internships, a remote internship placement and management platform for companies in over 70 countries; T&C Logistics, an e-commerce fulfilment platform in Viet Nam; and Mandu, a social commerce platform focused on reseller enablement. AVV Alpha is led by Binh Tran and Eddie Thai, who have been investing together in … [Read more...] about AVV to seek new wave of start-ups emerging in Viet Nam

Trade promotion plays a key role for the dairy sector How has the dairy sector recovered from the pandemic? Despite the prolonged pandemic, the domestic dairy market still reached VND113.7 trillion in revenues in 2020 and VND119.3 trillion in 2021. The country produced about 1.77 billion liters of fresh milk in 2021, up 4.5 percent compared to 2020, while powdered milk volume saw positive growth of 13.1 percent year-on-year to 151,500 tonnes. Vietnamese dairy businesses have strengthened trade promotion activities and sought export markets. Currently, Vietnamese dairy products are available in 50 countries and territories. In 2021, the sector had a turnover of nearly US$300 million. Milk is a special product and export markets always put quality at the top. Therefore, Vietnam’s milk and dairy product exports to foreign markets are considered a great success. Tran Van Trung, chairman of the Vietnam Dairy Association What are the opportunities for the dairy … [Read more...] about Dairy sector milks trade agreements for greater opportunities