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When EVFTA was about 10 days to become effective, the Copenhagen Infrastructure Partners (CIP) of Denmark, on behalf of the New Market Fund I, together with Asiapetro and Novasia Energy, signed a Memorandum of Understanding (MOU) with the People's Committee of Binh Thuan Province to develop La Gan offshore wind power projects. With an estimated total capital of US$10 billion, the project with a capacity of 3.5GW can enhance the position of Vietnam in the field of renewable energy in the world. And the successful cooperation between CIP, Asiapetro, Novasia Energy, and Binh Thuan in this project will be a foundation to attract other foreign investors to offshore wind power projects across the country. Earlier, Tesa announced that it would invest about 55 million euros, approximately $60.3 million, to open a high-tech adhesive factory specializing in serving for the electronics and automotive industries. According to the plan, Tesa will start production in 2023 with about 140 employees … [Read more...] about Opportunities to welcome high-quality FDI capital with EVFTA

Hanoi (VNA) - Deputy Minister of Industry and Trade Do Thang Hai on August 4 held a virtual meeting with Rodrigo Yáñez Benitez, Under-Secretary for International Economic Relations at the Chilean Ministry of Foreign Affairs, to boost economic and trade cooperation between the two countries. The meeting aimed at promoting bilateral collaboration amid COVID-19, taking full advantage of the Vietnam-Chile Free Trade Agreement and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Both sides expressed their delight at growth in bilateral trade in 2019, as Chile became Vietnam’s fourth-largest partner in Latin America with revenue of 1.23 billion USD, up 12.95 percent year-on-year. Notably, two-way trade then reached nearly 568 million USD in the first half of 2020 despite the serious impact of COVID-19, down just 1.04 percent year-on-year. The two officials proposed intensifying supply chains as well as the production and export of face … [Read more...] about Vietnam, Chile seek to foster economic, trade cooperation

To enhance the effectiveness of inter-regional cooperation programs, the prime minister decided to establish the Mekong Delta Coordinating Council for the 2020-2025 period, to be headed by Deputy Prime Minister Trinh Dinh Dung. The council is responsible for putting forward mechanisms, policies, strategies, plans, projects, programs and tasks to achieve sustainable and climate-resilient development of the region. It assists the prime minister in directing and overseeing the implementation of the regional master plan, strategies, mechanisms, policies, projects and programs. The council is also tasked with organizing regional investment, trade, tourism promotion events. … [Read more...] about New top-level coordinating body to provide boost for Mekong Delta provinces

Recently, Vietnam has performed a special flight to bring 219 Vietnamese, including 129 Coronavirus cases from Equatorial Guinea (Africa) home.  The actions taking care of Vietnamese people in everywhere, every circumstance literally touched many overseas Vietnamese all over the world. Amid the complicated and unpredictable Covid-19 pandemic, the Business Association of Overseas Vietnamese (BAOOV) hoped that overseas Vietnamese should always be calm to combat the pandemic long with complying with the regulations for business activities, diseases prevention and quarantine in the host country.  If the expatriates and overseas businessmen need support or want to return home, do not hesitate to speak up for possible assistance.  It is necessary to comply with the regulations and recommendations of the authorities and the health agencies to absolutely ensure health safety for themselves and the community when they return home.  That's the way to join hands, support … [Read more...] about Overseas Vietnamese always side by side with Vietnam against Covid-19

Meanwhile, the EVIPA is now waiting for the approval of the parliaments of EU member states to take effect. Its contents concerning investment are also mentioned in the EVFTA, however. Apart from that, more than 20 member states of the EU have already exercised their bilateral investment protection agreements with Vietnam. This is an encouraging start, making favorable conditions for foreign businesses to invest in Vietnam. … [Read more...] about EVFTA and EVIPA help attract more investment in Vietnam