Public invest bank

Dong Nai province attracted 1.01 billion USD in FDI as of October 31. (Photo: VNA) Dong Nai (VNA) – The southern province of Dong Nai, with its geographical and transport strength, has the advantage to promote selective attraction of foreign direct investment (FDI). The industrial hub is located in the southern key economic region , serving as a northeast gateway to Ho Chi Minh City. It connects the south central and south Central Highlands regions with the entire southeast region, making the locality a favourable spot for the transport of goods to both domestic and foreign markets. According to the provincial Department of Planning and Investment, as of October 31, Dong Nai raked in 1.01 billion USD worth of FDI, meeting 91% of the target set for the year. In the period, there were 38 new projects licenced, whose registered capital amounted to 381.65 million USD. Most of them were invested by those from the Republic of Korea (RoK), Taiwan (China), Japan, and … [Read more...] about Dong Nai eyes selective FDI attraction

At the workshop (Photo: VietnamPlus) Hanoi (VNA) – Urbanisation and urban advancement have created favourable conditions for socio-economic development . However, urban upgrade targets have only been set for land and population increase instead of actually designing improved urban quality of life. Air, water and noise pollution occur in new urban areas at alarming levels, leaving some areas vulnerable to climate change. The topic was mentioned in a workshop featuring the development of new models and transition to green and sustainable urban economy, as part of the Vietnam Urban Sustainable Development Forum co-hosted by the Party Central Committee’s Economic Commission and the Construction Ministry on June 17. Expanding economic space At the event, Deputy Prime Minister Le Van Thanh said after over 35 years of renewal policy, Vietnam’s urban system has developed strongly in terms of quantity and quality. The country has so far recorded 869 urban areas. The urban … [Read more...] about Urbanisation not parallel to quality of life: Official

State Auditor General Ngo Van Tuan informed the two leaders that since the signing of a bilateral cooperation agreement on October 11, 2000, the two State audit offices have been working closely and effectively bilaterally and multilaterally, contributing to improving the healthiness, transparency and accountability of public finances in Vietnam and Laos. He said in the near future, the two offices will continue further enhancing their comprehensive partnership to match the two countries’ neighbourliness and special friendship, working closely together to launch cooperation activities under the 2021-2030 strategic cooperation agreement and another deal signed between the two governments for the 2021-2025 period, while offering mutual support at multilateral forums, especially within the framework of the Asian Organization of Supreme Audit Institutions (ASOSAI), the ASEAN Supreme Audit Institutions (ASEANSAI) and the Cambodia-Laos-Vietnam cooperation forum to increase value and … [Read more...] about State Auditor General pays courtesy calls on Lao leaders

Deepening bilateral cooperation The visit took place in the context of the 55th anniversary of Vietnam-Cambodia diplomatic relations. PM Chinh and his Cambodian counterpart Samdech Techo Hun Sen reviewed the overall results of bilateral cooperation and discussed measures to make bilateral relations more substantial, effective and reliable. Vietnamese PM Pham Minh Chinh (first row, left) and his Cambodian counterpart Samdech Techo Hun Sen (first row, right) attend the Vietnam-Cambodia investment and trade promotion forum The visit marked the resumption of comprehensive cooperation after a three-year interruption due to the COVID-19 pandemic, especially in trade, tourism and fields significantly contributing to economic recovery of the two countries. The two sides agreed to promote joint efforts to build a self-sufficient economy capable of withstanding adverse impacts of global changes. Cambodia is the host of ASEAN meetings and the bloc’s meetings with partners … [Read more...] about Vietnam, Cambodia create new impetus for relations

National Assembly Chairman Vuong Dinh Hue’s official visit to Cambodia, attendance in the 43rd ASEAN Inter-Parliamentary Assembly (AIPA) General Assembly, and official trip to the Philippines from November 19 to 25 have contributed importantly to fostering Vietnam’s cooperation with Cambodia and the Philippines, and ASEAN inter-parliamentary collaboration. The statement was made by Bui Van Cuong, N.A. General Secretary and Chairman of the N.A. Office. Mr. Bui Van Cuong affirmed that the top legislator’s seven-day trip was a success, with nearly 50 activities. In Cambodia and the Philippines, N.A. Chairman Vuong Dinh Hue held talks with the top leaders of the two countries’ legislative bodies; made courtesy calls on King Norodom Sihamoni and Queen Mother Norodom Monineath Sihanouk of Cambodia; met Cambodian Prime Minister Samdech Techo Hun Sen, Deputy PM and Chairwoman of the Cambodia - Vietnam Friendship Association Men Sam An; and met Philippine President Ferdinand … [Read more...] about Top legislator’s trip boosts ties with Cambodia, Philippines, ASEAN inter-parliamentary collaboration

At a Saturday conference on development of the southeastern region, which comprises Ho Chi Minh City, Dong Nai, Binh Duong, Ba Ria-Vung Tau, Binh Phuoc and Tay Ninh Provinces, the prime minister said the region only saw 50 km of expressway being completed in the last 10 years, while other localities would complete 200 km of expressway without asking for funds from the national budget. The only expressway connecting southeastern Vietnam localities together is the four-lane HCMC-Long Thanh-Dau Giay, which has been operating since 2015. The expressway is frequently overloaded and congested, with around 40,000-43,000 vehicles using it in the weekends. Chinh said infrastructure connection in the region has not been coordinated, among other issues. "Traffic jam, unsustainable development, the wealth gap, climate change, inundations and pollutions... are all major challenges for southeastern Vietnam," he said, adding that HCMC and the provinces need groundbreaking policy mechanisms to … [Read more...] about Traffic congestion major problem for southern Vietnam: PM

Prime Minister Pham Minh Chinh (C) and other delegates attend the ceremony to export the first batch of VinFast electronic vehicles to the US. (Photo: VNA) Hai Phong (VNA) – Prime Minister Pham Minh Chinh on November 25 attended a ceremony in the northern port city of Hai Phong to export the first batch of VinFast electronic vehicles (EVs) to the US. Accordingly, 999 EVs of VF8 model, boarded Panamanian vehicles carrier Silver Queen, are expected to arrive in California in the next 20 days and be handed over to the first consumers by the end of December. This is the first batch shipped abroad among 65,000 orders of VF8 and VF9 models. After the US market, the first Vietnamese EV maker will export other batches to Canada and Europe to hand over to its customers in 2023. US Ambassador to Vietnam Marc E. Knapper expressed his delight that VinFast has placed its confidence in the future of electric vehicles in the US market, as the manufacturer also has its factory built in … [Read more...] about VinFast exports first batch of EVs to US

They are Associate Professor Le Minh Ha, head of the Pharmaceutical Chemistry Division of the Institute of Chemistry of Natural Compounds under the Vietnam Academy of Science and Technology; Associate Professor Pham Thi Phuong Nhi, deputy head of the Agronomy Faculty under the Hue University of Agriculture and Forestry; and Dr. Ha Thi Thanh Huong, a lecturer of the Biomedical Engineering Faculty of the International University under the Ho Chi Minh City National University. Each received a prize of 150 million VND (6,057 USD) to conduct further research and ensure benefits for the country. The three scientists were chosen from hundreds of applications across the country. The selection is based on their achievements, the publication of their research in international magazines and the scientist activities that they have taken part in so far. Professor Chau Van Minh, chairman of the Vietnam Academy of Science and Technology, said that to work in difficult and challenging scientific … [Read more...] about Three female scientists receive L’Oreal-UNESCO awards

Quang said U.S. investors and firms have expressed their interest in the project, adding that they highly value the city’s business environment. In particular, there is a U.S. aerospace component manufacturing plant in the city. The U.S. also has projects to assist Da Nang in culture and education, he said. He asked the Consul General to help promote ties between central provinces and the U.S., including connecting U.S. firms with Da Nang. Burns, for her part, affirmed that Da Nang plays an important role in advancing ties between Vietnam and the U.S. As the U.S. focuses on trade and investment in Vietnam, its government wished to ensure supply chain sustainability and support for enterprises to do business in the country, including Da Nang – a destination favored by U.S. firms, she said. In the coming time, the U.S. wants to cooperate with Vietnam in a wide range of areas, including renewable energy and environmental protection, according to Burns. Source: VNA … [Read more...] about Da Nang, U.S. hope for increased cooperation

The Clark Development Corporation was established to operate, administer, manage and develop the Clark Freeport Zone (CFZ) and the Clark Special Economic Zone (CSEZ). At the meeting, Devanadera expressed her hope that Vietnam will share its development policies and experience, as well as cooperation orientations for the two sides in the time ahead. N.A. Chairman Vuong Dinh Hue emphasized that the Clark Special Economic Zone is on the right track as it has ensured the harmony of industrial and urban development and environmental protection. The top legislator noted that many Vietnamese companies and groups are investing billions of USD abroad in the fields of IT, energy, agricultural product processing and real estate. Meanwhile, Vietnam has so far attracted 35,000 projects with a total registered capital of over 435 billion USD, he said, adding that Vietnam has been evaluated by the United Nations as one of the 20 most successful countries in the world in terms of foreign … [Read more...] about N.A. Chairman receives President of Clark Development Corporation