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As such, Hanwha, the seventh largest economic group in South Korea, has taken steps to scale up its business in Vietnam. After pouring money into insurance and investment, the big player from South Korea has jumped into the field of securities with the stronger presence in Pinetree Securities. … [Read more...] about South Korean investors pour big money into Vietnam

Hanoi (VNA) – Minister of Natural Resources and Environment Tran Hong Ha on January 27 emphasised the importance of a circular economy while Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong noted the need to stay persistent in the target of keeping inflation under control and maintaining macro-economic stability. In his speech at the 13th National Party Congress, Minister Ha underlined that a circular economy is becoming an inevitable trend to meet the requirement for sustainable development amid worsening resource degradation and exhaustion, environmental pollution, and climate change. Building a circular economy is identified as one of the national development orientations for 2021 - 2030 in the draft documents submitted to the congress, he said. Highlighting benefits of a circular economy, he pointed out that although after 35 years of “Doi moi” (Renewal), Vietnam has emerged to be a bright spot of growth in the region and the world, it is facing a … [Read more...] about Officials highlight circular economy, macro-economic stability at Party Congress

Hanoi (VNA) – The Times Kuwait news portal on January 27 posted an article on the 13th National Congress of the Communist Party of Vietnam (CPV), describing this as one of the most important political events in the country in 2021. It wrote that with the results and accomplishments achieved in 2020 in particular, and during the past five years, Vietnam has made a mark with breakthroughs, outstanding in the difficult circumstances and situations facing the world. Over the past many years, Vietnam has been known as a safe country with index on human security gradually improving. With political stability, the Vietnamese people now believe in the political system and in the leadership levels of the CPV, as a result of which the important decisions of the Party are often fully supported by the Vietnamese people. In 2020, the highlight for Vietnam was the very early control of the COVID-19 pandemic, while also managing to promote economic growth; and the success of the government … [Read more...] about Vietnam makes a mark with breakthroughs amid difficulties: Kuwaiti news portal

Da Nang (VNA) - Administrative reform outcomes in the central city of Da Nang have helped the city secure foreign investors’ confidence, contributing to attracting more FDI in the locality. According to the municipal Department of Home Affairs, Da Nang has simplified more than 300 administrative procedures over the past 10 years while implementing 15 projects linking procedures in different sectors and shortening the time for responding to administrative requests by 20 percent in many areas. Thanks to this success, the city has enjoyed fruitful results in FDI attraction. Most recently, authorities granted an investment licence to a semiconductor manufacturing project worth 110 million USD - the second largest foreign-invested project at the Da Nang Hi-tech Park. Called United States Enterprises, the factory will cover a total area of 102,200 sq. m, with the first stage covering more than 61,000 sq. m and costing 66 million USD. Construction is scheduled to commence in the … [Read more...] about Da Nang’s administrative reform efforts pay off