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The People's Committee of Quang Binh Province also signed investment memorandums to 22 projects of 17 investors with a total investment of nearly VND70 trillion. In which, the largest is the Phuc Loc Tho wind power plant project by the joint venture of Dong Tam Group Joint Stock Company and Quadran International Company of Lucia Group (France) with a total investment of VND28 trillion. … [Read more...] about Quang Binh Province approves 35 investment projects

Hanoi (VNA) – Foreign media have run several articles highlighting Vietnam’s economic success given a struggling world plagued by the COVID-19 pandemic. The Nikkei Asia Review said Vietnam’s production sector has proven its fast and steady recovery. The country’s open market and signing of numerous free trade agreements (FTAs), particularly the EU-Vietnam FTA, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and the Regional Comprehensive Economic Partnership (RCEP), are promising great opportunities for growth. The paper said Vietnam stands out for its success in controlling the pandemic. According to the latest Asian Development Outlook released by the Asia Development Bank, Vietnam was estimated to grow over 2 percent last year while Thailand contracted by 7.8 percent. Thanks to its larger market scale and cheaper labour cost, Vietnam surpassed Thailand in terms of foreign direct investment and export value. The Financial … [Read more...] about Vietnam stands firm amid pandemic: international media

Quang Binh (VNA) – Quang Binh should give greater attention to administrative reform as well as e-government and smart city building, thus creating a transparent and open business environment to lure more investors, stated Deputy Prime Minister Trinh Dinh Dung at the central province’s investment promotion conference on January 18.environmental protection and corporate social responsibility. … [Read more...] about Quang Binh asked to improve business environment to lure more investors

Nam said the company is struggling due to market slump. In 2020, Hanoi bus had to cut 80 percent of the trips from March 22 and stop operating from April 1 to April 22. It had no income during the said period yet still had to pay for the operating cost and other expenses. … [Read more...] about Hanoi buses keep losing passengers

Metro Line 1, spanning 2.6 kilometers, has three underground stations: Ba Son, Opera House and Ben Thanh. Opera House Station, with four floors, is now over 90 percent complete. Ben Thanh Station, intended to connect with other metro line projects, is now 82 percent complete. … [Read more...] about Saigon underground metro station nears completion