Remittances attraction

Several enterprises from South Korea and Japan were granted investment certificates on Friday to develop FDI projects at industrial parks in the northern port city of Hai Phong, with a total pledged capital reaching nearly US$1.4 billion. The investment certificate handover ceremony was attended by Le Tien Chau, secretary of the municipal Party Committee. The Hai Phong Economic Zone Management Board presented an investment certificate to Ecovane, a subsidiary of the South Korean chemicals maker SKC, to develop a hi-tech biodegradable material factory project worth $500 million. Other key projects receiving the certificates at the event included a BW ready-built factory worth $60 million and a $40-million auto parts manufacturing plant by China’s CCTY Bearing Company. Besides, Japan's Kyocera Document Solutions Inc was approved to pour an additional $237.5 million into its machine and equipment manufacturing plant project, raising the project’s total investment to $425 million. … [Read more...] about Vietnam’s Hai Phong City attracts extra $1.4 billion in foreign investment

The new version of the forms, which are now available, will help shorten the time needed to fill in the forms, said China’s Foreign Ministry spokeswoman Mao Ning at a regular news briefing in Beijing, according to Bloomberg . The applicant now only needs to submit their travel history for a year, instead of five years as previously required. In terms of educational background, it only requires the applicant’s highest academic qualification. Starting from March 15, China fully resumed the issuance of tourist visas, visa exemptions for certain countries, and the use of multiple-entry visas issued before the Covid pandemic. … [Read more...] about China simplifies visa procedures to attract foreign tourists

A view of Dong Van II industrial park in Ha Nam (Photo: VNA) Ha Nam - Industrial parks in the northern province of Ha Nam have attracted 24 new projects so far this year, including 15 foreign direct investment (FDI) projects worth 176 million USD, according to Head of the Ha Nam Industrial Parks Management Board Tran Van Kien. Besides, the IPs have also drawn 9 domestic investment projects with combined registered capital of over 1 trillion VND. Kien said that the total amount of capital poured into the new FDI projects and injected in operating ones has reached 259 million USD so far. The official said that in order to lure more projects to local industrial parks, Ha Nam will continue to increase the introduction of its images and investment environment in local industrial parks to investors, while joining investment promotion activities inside and outside the country. Since the beginning of 2023, the locality has sent its trade promotion delegations to Japan, Europe, … [Read more...] about Ha Nam’s industrial parks attract 15 more FDI projects

To further bolster its appeal, Hanoi should establish regulations that provide favorable living, working, and educational conditions for investors' family members. The draft amended Capital Law should broaden and enhance opportunities for strategic investors, including large domestic and multinational corporations, to come to Hanoi, according to the President of the Foreign Trade University, Bui Anh Tuan. Electronics production at an FDI company in Hanoi. Photo: Nguyen Minh/The Hanoi Times "To bolster its appeal, additional regulations should be put in place to facilitate favorable living, working, and educational conditions for relatives of investors in the Capital. This will contribute to establishing Hanoi as the preferred headquarters for both domestic and multinational corporations," said Tuan. … [Read more...] about Capital Law should help Hanoi attract multinationals: Expert

The travel news site Reisereporter has just published an article that highlights some of the famous tourist destinations and landscapes in Vietnam, including Hanoi. In the article titled “Vietnam: You shouldn’t miss these sights”, www.reisereporter.de suggests tourists to visit some hidden "treasures" and undiscovered natural wonders in this wonderful country in the Southeast Asia region, in addition to popular tourist attractions. A Vietnamese girl in her charming ao dai (long dress) and non la (conical hat) walks through the Thang Long Imperial Citadel. Photo: Yeu Ha Noi According to Daniel Schramm, staff writer for www.reisereporter.de , Vietnam is a fascinating destination with a wide variety of sights and experiences. From historic cities like Hanoi and Hue to stunning natural landscapes like Halong Bay and Sapa to culinary adventures in street kitchens and markets, the country offers something for every taste. Vietnam's … [Read more...] about German press: Vietnam is a fascinating travel destination

Employees work at Samsung Electronics Vietnam Co. Ltd. in Yen Phong Industrial Park in Bac Ninh Province (Photo: VNA) Hanoi (VNA) – Vietnam has become one of the leading countries in Southeast Asia in attracting foreign direct investment ( FDI ), according to an article published on September 21 on the website gfmag.com of Global Finance Magazine. The writing attributes it to a range of advantages of the country, including its favourable demographics as 40% of Vietnam’s population of 100 million are under 25. In addition, it has tariff-free access to the Southeast Asia region with 800 million people thanks to being a member of the Association of Southeast Asian Nations (ASEAN). According to Thierry Mermet, CEO of Source Of Asia (SOA), a consultant to companies looking for business opportunities in Vietnam and ASEAN, the 2023 outlook for the business environment in Vietnam shows promising signs of improvement. He cited foreign direct investment capital reaching about 10 … [Read more...] about Vietnam – poweful magnet for foreign direct investment

While discrimination remains a barrier for the LGBT community around the world, four destinations in Vietnam have just been recognized as friendly to this community. Vietnam is one of the first countries in Southeast Asia to legalize same-sex marriage and recognized transgender rights in 2015. This has demonstrated the government's openness and helped Vietnam become an attractive market for the LGBT community . Vietnam has always been friendly to the LGBTIQ+ community. Everyone should be free to be themselves, no matter who they are, where they live, and who they love. Photo: Adrian Anh Tuấn As part of its mission to make it easier for everyone to experience the world, no matter who they love or how they identify, and in celebration of Pride 2023, Booking.com is highlighting four LGBTQ+-friendly destinations in Vietnam. From vibrant capital cities to tropical beach retreats, these havens encourage LGBTQ+ travelers to express themselves freely. Cam Ranh … [Read more...] about Friendly LGBT community destinations in Vietnam

If proper efforts are made, using film to promote tourism in Nha Trang might be successful. The coastal province of Khanh Hoa is like a miniature Vietnam, with diverse cultures, natural conditions and historical buildings. In addition, Khanh Hoa hosts popular film festivals and events that bring together actors and directors from other countries, boosting tourism and becoming an attractive destination like Cannes in France, Busan in South Korea, and Hollywood in the US. Do Le Hung Tu, Chairman of the Vietnam Film Association, shared the view following the success of the 2023 edition of the Golden Kite Film Award , which ended this month. The aerial view of Nha Trang City. Photo: Khanh Hoa Tourism Department Echoing Tu, Ta Quang Dong, Deputy Minister of Culture, Sports and Tourism said the Golden Kite Film Award is a great opportunity for experts and managers to work together and create new cultural projects to make Khanh Hoa's Nha Trang City a popular … [Read more...] about Nha Trang promises to be a city of cinema tourism

Hanoi's top priorities include the construction of ring roads, urban railway and satellite cities. China's coastal city of Shenzhen is willing to partner with Hanoi to promote decentralized relations in trade, investment, economic activities, 5G technology, new energy vehicles, and renewable energy, said Qin Weizhong, mayor of Shenzhen. Nguyen Manh Quyen, Vice Chairman of the Hanoi People's Committee (right), meets with Shenzhen Mayor Qin Weizhong this week. Photo: The Hanoi Times Shenzhen is China's third-largest economy after Beijing and Shanghai, with a GDP of US$500 billion by 2022, Mayor Qin said at a meeting with Hanoi People's Committee Vice Chairman Nguyen Manh Quyen this week. The city is also home to substantial development of large high-tech enterprises such as Huawei and Tencent, he said, adding that 11 of the world's top 500 companies are headquartered in the city. Among ASEAN countries, Vietnam is Shenzhen's largest trading partner, and … [Read more...] about Hanoi, Shenzhen eye partnerships in urban and public transport development

In the article, author Gary Lit Ying Loong, who is a retired academic from Nanyang Technological University, (NTU) Singapore, and now a visiting professor at some universities in Asia and Europe, highlighted Vietnam's economic growth with consistent gross domestic product (GDP) growth of about 6% for many years, thanks to Doi moi (Renewal) policy. The Doi Moi policy helped to inject a newfound dynamism into Vietnam's economy in the late 1980s. The momentum for a market-driven economy accelerated further in the 1990s. According to the article, following market reforms, billions of overseas investments began pouring into the country. Among them are those by Gamuda Land, Petronas, and Sunway group from Malaysia and the Vietnam-Singapore Industrial Parks (VSIP). It has helped to attract billion-dollar investments from Samsung, Nike, Adidas, and others. Besides, an abundant young workforce has helped power the country's labor-intensive manufacturing sector. “Vietnam is now a rising … [Read more...] about Vietnam – a rising star in the world: Malaysian newspaper