As much as 755.75 million USD in FDI was poured into Hai Phong city in the first half of this year. (Photo: VNA) Hanoi (VNA) – The northern city of Hai Phong has attracted 755.75 million USD in foreign direct investment (FDI) to local industrial parks (IPs) and economic zones (EZs) in the first half of 2022, raising total FDI there to 22.07 billion USD. According to the Hai Phong EZ Authority, the amount was channelled into 21 new FDI projects and 18 existing ones. It is equivalent to 56.2% of the FDI registered in the same period last year. At present, IPs and EZs in the city are home to 438 FDI projects worth 22.07 billion USD in total and 195 domestic investment projects worth 12.57 billion USD. Head of the authority Le Trung Kien said from now to 2025, the 15 IPs in the city will be expanded to 6,418ha from the current 6,074ha. The latest of them is Tien Thanh IP, for which an infrastructure construction and business project recently received an … [Read more...] about Hai Phong attracts more foreign direct investment in H1
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Nguyen Tat Thanh St. in urgent need of expansion
Nguyen Tat Thanh Street is always crowded Duong Thi Thanh Thuy, living on Huynh Tan Phat Street in District 7 and a regular user of this street to go to work in District 1, shared that it normally takes her 20 minutes to get to work, but at rush hours the time could be a double or triple. Truck driver Le Van Lam, who usually uses the street to transport cargoes to and fro Tan Thuan Export Processing Zone, complained that Nguyen Tat Thanh Street is always crowded, regardless of the time of the day. Nguyen Hoang Viet, a resident on the street, expressed his concern that he has heard about a street expansion plan towards Khanh Hoi Port for 5 years, yet could not understand why it has not turned to reality yet. People like him feel so tired of the noise and dirt volume each day, let alone traffic jams. He suggested that an expansion of 2-3m wide can greatly address the congestion situation here. Also, the intersection between this street and Ton Dan Street is often stuck because … [Read more...] about Nguyen Tat Thanh St. in urgent need of expansion
Macquarie Group plans to invest 3 billion USD in Hai Phong wind farm
Corio Generation 's leader Guillermo Martinez-Navas signs an agreement with FECON for a proposed 500 MW offshore windfarm in Ba Ria - Vung Tau province. (Photo: courtesy of the firm) Hai Phong (VNS/VNA) - Corio Generation of Macquarie Group (Australia) proposed researching an offshore wind power plant project with a capacity of about 1,000MW at the total investment of between 2-3 billion USD in the northern port city of Hai Phong . The proposal was discussed in a meeting with the city's leaders and a delegation of the Australian Embassy and Australian investors seeking cooperation and investment opportunities in Hai Phong last week. The business representative said that the project would have a capacity of about 1,000MW in 30 years and would be expected to meet about 50 percent of the city's electricity demand, creating jobs for local workers. Responding to the proposal of Corio Generation Company, Vice Chairman of the municipal People's Committee Nguyen Duc … [Read more...] about Macquarie Group plans to invest 3 billion USD in Hai Phong wind farm
Vehicles to be temporarily banned from downtown area in July beginning
This temporary vehicle ban is to ensure traffic order during the 46 th anniversary of city name change from Saigon – Gia Dinh to Ho Chi Minh (July 2, 1976 – July 2, 2022) and the events to honor the role of family in social life in HCMC. These activities will be held on Nguyen Hue Pedestrian Street in District 1. Therefore, from 6:00 p.m. to 10:00 p.m. on June 30 and July 1-2, all vehicles are temporarily banned on this street. The alternative routes are as follows: - Vehicles move from Le Thanh Ton St. – Ton Duc Thang St. – Dong Khoi St. - Vehicles move from Ton Duc Thang St. – Pasteur St. – Le Thanh Ton St. – Ham Nghi St. or from Ton Duc Thang St. – Me Linh Roundabout – Hai Ba Trung St. – Le Thanh Ton St. Drivers need to comply with the instructions of the traffic police or the traffic signal system as they travel through the above-mentioned areas. People living or working in the event areas should contact the HCMC Department of Culture & Sports (at the address of … [Read more...] about Vehicles to be temporarily banned from downtown area in July beginning
Hanoi jails vigilantes for stopping, detaining sand thieves
The Soc Son District court sentenced Nguyen Van Cuong, 40, to 10 years in prison on Tuesday after finding him guilty of "robbery" and "arresting people illegally." On the same charges, the court sentenced Nguyen Tuan Anh, 21, to seven years, while two other defendants, Duong Van Quy, 27, and Duong Van Cuong, 28, received nine years each. According to the verdict, around 0:22 a.m. on Jul. 11, 2018, Dao Cong Thanh, 56, and four others took two boats to a section of the Cau River in Trung Gia Commune of Soc Son District to mine sand illegally. The boats were anchored around 30m from the bank, next to a farm owned by Cuong. On learning about the sand mining, he mobilized Anh, Quy and Cuong to join him in chasing the sand thieves away. Cuong’s group took a boat to where the thieves were mining sand and used iron pipes to threaten them. While Thanh and another woman in his group hid in the cabin of their boat, three others jumped into the water and fled the scene. Cuong and his … [Read more...] about Hanoi jails vigilantes for stopping, detaining sand thieves
Mega-deltas creating food baskets severely impacted by climate change
Farmers in the Mekong Delta are under pressure due to climate change. (Photo: SGGP) Speaking at the conference, Mr. Le Thanh Tung, Deputy Director of the Department of Crop Production, said that mega-deltas in Asia, including the Mekong Delta, play an important role in providing food for millions of people in the region. However, the food systems in these deltas are being severely impacted by climate change, including floods, salinity intrusion, water shortages, and increasingly severe climate conditions. It negatively impacts economic growth, food security, and nutrition, besides challenges from urbanization and migration, and creates new poverty traps and hotspots of hunger. Dr. Ole Sander, Representative of the International Rice Research Institute (IRRI) in Vietnam, emphasized the role of Asian mega deltas as food baskets for countries in the region. The main goal of the Asian mega-deltas initiative is to build these deltas capable of sustaining socio-ecological integrity, … [Read more...] about Mega-deltas creating food baskets severely impacted by climate change
Industries hit hard by rising fuel prices
"If we do not operate regularly, we will lose our slots at bus stations, but the more we operate, the more we lose because of surging costs," Do Van Bang, CEO of Sao Viet’s parent company, Minh Thanh Phat, said. Sao Viet has reducing the number of trips to cut costs. Bang said the only way to break even is to increase fares by 15-20 percent, but with competition being intense, the time is not right for it. But the company would not be able to absorb the losses for long, he added. The company is one of many to lose due to the 39 percent rise in fuel prices since the beginning of this year. Nguyen Manh Hung, CEO of transport firm International Logistics, said fuel accounts for 40 percent of costs, and so the increases in their prices has affected the company. It is not easy to negotiate price hikes with customers, he said. "We are trying to cut all other expenses to survive the fuel price surge." Half of all fishing vessels in Vietnam have stopped going out to sea … [Read more...] about Industries hit hard by rising fuel prices
Defense Minister meets with Pho Yen voters
At the meeting, on behalf of the N.A. deputy delegation, Nguyen Lam Thanh, Vice Chairman of the N.A.’s Council of Ethnic Minorities, reported on important outcomes of the freshly-concluded third session of 15th N.A. In particular, in 19 scientific, democratic, and highly responsible working days, the 15th N.A.’s third meeting achieved all set targets. During this session, the 15th N.A. looked into a large amount of work and made decisions on many important contents for 2022 and the following years. As a result, the 15th N.A. passed five laws, adopted 17 resolutions, and gave opinions on six draft laws and resolutions and other important contents. On hearing the achievements of the aforementioned meeting, participating voters voiced their opinions and suggested the delegation of Thai Nguyen N.A. deputies make proposals to the N.A. on creating a special mechanism for Thai Nguyen province to make the best of its full potential, and strengths to develop in the coming time. With … [Read more...] about Defense Minister meets with Pho Yen voters
Vietnamese in US grapple with baby formula shortage
Since April stores and retailers in the area have gradually been running out of formula. To feed her 10-month-old son, Hien has been visiting Target, Walgreens and other stores far away from home, some even two hours away, only to find shelves that used to be filled with formula bare. Last weekend the 28-year-old rushed to a pharmacy 30 minutes away from her home in Anaheim, California State, after a friend called to tell her she saw it stocking baby formula. Fortunately, she was able to get one small tin. "But it is only enough to feed my baby for a week," Hien, who has difficulties breastfeeding, lamented. "I feel helpless when I can't even get the most basic product to keep my baby fed and nourished." There is similar frustration throughout the country as a baby formula shortage grips the U.S. Formula is the only option for many parents, who cannot produce enough milk to meet their child's requirements. Others choose not to breastfeed due to pain or discomfort, while … [Read more...] about Vietnamese in US grapple with baby formula shortage
Young Vietnamese starts business collecting waste
As a new university graduate who wants to own a business and create jobs for young workers, Nguyen Van Tien, residing in District 5, Ho Chi Minh City, chose to start his business by collecting waste. When he was a student of the Saigon Technology University, Tien set his career plan of running a company instead of being in someone’s employment. He started his recyclable waste collection business in 2012. When collecting recyclable waste for local children’s small social plans, Tien thought that those materials could be reused and it was wasteful to get rid of them. The saying 'one man’s trash is another man’s treasure' inspired him to collect recyclable waste and establish a company operating in scrap management and recycling. Every day, Nguyen Van Tien rolls up his sleeves to directly involve himself in the waste collection. His employees collect recyclable waste at locations as agreed, including trade centers, convenience stores, and schools. Waste will … [Read more...] about Young Vietnamese starts business collecting waste