During a working session with a delegation from the U.S. - ASEAN Business Council (USABC) in Hanoi on March 23, Anh expressed his delight at the strong and substantial development of cooperation between Vietnamese and U.S. firms. He highly valued the U.S. businesses’ positive contributions to the transformation and growth of Vietnam's economy, and expressed the readiness to engage in dialogues with U.S. enterprises to address obstacles in bilateral economic, trade and investment cooperation. Hailing the U.S. firms for expanding operations, research and development and innovation, he suggested the USABC further enhance its role as a bridge promoting Vietnam - U.S. comprehensive partnership effectively and substantially that are aligned with needs and interests of both sides; step up collaboration in diversifying and ensuring supply chains, and further expand business operations. The USABC delegation vowed to continue partnering closely with Vietnam and nourish Vietnam - U.S. … [Read more...] about Vietnam, U.S. nourish economic, trade, investment ties
Purchase investment property little money down
Corporate bond issuance surges in March after prolonged inactivity
Vinhomes Ocean Park 2 in Hung Yen province. Hung Yen Urban Investment and Development Co issued two lots of bonds worth total 7.2 trillion VND on March 16 with collateral of property rights arising from business cooperation contracts at Vinhomes Ocean Park 3 project. (Photo courtesy of Vinhomes) Hanoi (VNS/VNA) - The corporate bond market is showing signs of recovery after a prolonged period of inactivity with a notable increase in both the number of issuers and value of issuance. Data on the Hanoi Stock Exchange showed as of March 24, eight companies issued bonds worth more than 23.8 trillion VND (over 1 billion USD), of which real estate firms dominated the market with total issued value of 19 trillion VND, accounting for 80% of total value. This number was a significant increase compared to the value of 500 billion VND in February and 110 billion VND in January. On March 16, two realty firms – Hung Yen Urban Investment and Development Co Ltd and Southern Star Urban … [Read more...] about Corporate bond issuance surges in March after prolonged inactivity
Vietnam aims for five international-standard cities by 2045
The country should have a high level of urbanization comparable to ASEAN and Asia by 2045. Vietnam aims to have at least five cities of international caliber to serve as locomotives for regional and international development networks by 2045, according to an action plan released by the Ministry of Construction (MoC) recently. Under the action plan, the ministry will execute two resolutions, one by Politburo and the other by the Government, on the sustainable development, management, and construction of urban areas in Vietnam by 2030 with a vision for 2045. Hanoi from above. Photo: Huu Thang The country plans to build a high level of urbanization comparable to ASEAN and Asia by 2045. The urban system would be integrated, balanced, and sensitive to climate change, natural disasters, and epidemics, while promoting environmental protection and distinctively modern architecture with green and smart elements, according to the action plan. Other key targets … [Read more...] about Vietnam aims for five international-standard cities by 2045
Mangrove worm a staple in Saigon’s beloved porridge
The unnamed porridge shop in Tan Phu District sells porridge cooked in the style of the Teochew people, who originated in southeast China, which is served with shrimp, fish, pork intestines, and trung bien -mangrove sea worms. Tang Khanh Toan, the shop owner, said that the business started in 1983, and was passed down by his father. The eatery first started selling porridge on Au Co Street, which is one kilometer away from the current location at 104/22B Trinh Dinh Trong Street, Phu Trung Ward. The current location has also been the family's home since the 1990s. The porridge is quite popular among the Chinese community in Saigon. Mangrove worms are used in traditional Chinese medicine to raise testosterone levels and enhance health. According to the owner of the restaurant, many people confuse trung bien with sa sung , or peanut worms, because of the similar shape. Mangrove worms are cleaned inside out thoroughly and used within the day. Photo by VnExpress/Quynh … [Read more...] about Mangrove worm a staple in Saigon’s beloved porridge
Abandoned projects result in prime land waste in Da Nang
The three projects are located at prime locations on Hung Vuong Street in Hai Chau District, about 400 meters from the Han River. They are the Da Nang Center project (No. 1), Diamond Square project (No. 2), and the Golden Square commercial complex, office, hotel, and luxury apartment project (No. 3). The Da Nang Center project, invested in by Vu Chau Long Real Estate, covers an area of more than 7,800 square meters and has a total capital of nearly VND500 billion ($21.25 million). When construction started in March 2008, the project was advertised as high-rise apartment buildings, a high-class standard commercial center, and a five-star hotel and conference center. However, no development has been going on and rainwater has turned the project area into a pond. With its northern façade bordering a residential area, part of the project has now been turned into a landfill as locals arbitrarily throw trash … [Read more...] about Abandoned projects result in prime land waste in Da Nang
Vietnam, Thailand eye stronger labour cooperation
Vietnamese Ambassador to Thailand Phan Chi Thanh (L) and Thai Deputy Minister of Labour Surachai Chaitrakulthong (Photo: VNA) Bangkok (VNA) - Vietnamese Ambassador to Thailand Phan Chi Thanh had a working session with Thai Deputy Minister of Labour Surachai Chaitrakulthong on March 24 to discuss measures to further step up labour cooperation between the two countries. The Vietnamese diplomat briefed on economic cooperation between Vietnam and Thailand, saying that Thai businesses highly value business opportunities in Vietnam and want to expand their investment in the country. Many Thai corporations have invested in Vietnam with large-scale projects, using many Vietnamese workers, he said, adding that the Vietnamese Government always creates favourable conditions for Thai labourers to work in the country. He thanked the Thai Government for supporting legal workers from Vietnamm in the past time, and suggested the Thai side consider adding more industries for … [Read more...] about Vietnam, Thailand eye stronger labour cooperation