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Deputy Director of the FIA Do Van Su said disbursement of foreign investment this year is expected to hit USD 22-23 billion. Su acknowledged that the opening of China’s economy might affect Vietnam's foreign investment attraction, adding that China remained the leading investment destination in the region, so when they opened up, capital will flow into this market while that to Vietnam and other economies in the region will be limited. On the contrary, the investment capital movement of the Republic of Korea (RoK), Japan, and Taiwan (China) will be accelerated. This shift will be accelerated until 2025, and Vietnam will be a preferred investment destination for investors, he added. Currently, the RoK, Japan and Taiwan (China) are Vietnam’s major sources of foreign investment and they have constantly increased their investments in Southeast Asian countries. According to FIA, essential factors for FDI to continue to prosper in 2023 include economic growth results in 2022 and … [Read more...] about Vietnam’s FDI projected to reap up to USD 38 bln in 2023

Visiting a construction site of My Thuan 2 Bridge that crosses the Tien River and connects Trung Luong - My Thuan and My Thuan - Can Tho expressways between Ho Chi Minh City and Can Tho, he asked constructors to speed up work, ensure the quality of the construction, labor safety and pay proper care to workers’ living conditions. With a total investment of over 5 trillion VND (USD 213.22 million), the construction of the 6.61-km bridge was started in March 2020 and is expected to complete this year. By now, more than 70% of the work has been completed. The leader added localities must proactively build intersections and organize traffic routes connecting to the bridge and the expressways to exploit new development space. At the construction site of a section of the eastern North-South Expressway that runs through Can Tho and Hau Giang, PM Pham Minh Chinh applauded workers for their efforts during the lunar New Year (Tet) festival. For more efficient infrastructure development, … [Read more...] about Prime Minister inspects key transport project in Mekong Delta

At the Tet event in Nogent-sur-Marne (Photo: VNA) Hanoi (VNA) – Overseas Vietnamese in France and Germany have celebrated the Lunar New Year festival (Tet) – the longest and biggest traditional event back in their home country – with a series of enticing cultural and musical activities. In Nogent-sur-Marne on the outskirts of Paris, the Overseas Vietnam ese Association in France (UGVF) ran a massive celebration featuring a trade fair, musical performances, and a photo exhibition. Proceeds from tickets to a children’s village at the event are set to be donated to build and upgrade schools in the Vietnamese Mekong Delta province of Kien Giang. Calligraphy activities at the event (Photo: VNA) Vuong Huu Nhan, President of the UGVF, said the association wanted to attract more visitors, particularly French people, to the Tet celebration, and has been succeeded this year. Meanwhile, in Berlin, about 300 students in Berlin – Potsdam and surrounding areas gathered to … [Read more...] about Overseas Vietnamese in France, Germany celebrate Tet

Prime Minister Pham Minh Chinh on January 30 meets and extends Lunar New Year (Tet) greetings to workers at the construction site of My Thuan 2 Bridge. (Photo: VNA) Can Tho (VNA) – Prime Minister Pham Minh Chinh on January 30 examined the progress of key transport project s in the Mekong Delta . Visiting a construction site of My Thuan 2 Bridge that crosses the Tien River and connects the Trung Luong-My Thuan and My Thuan-Can Tho expressways between HCM City and Can Tho, he asked constructors to speed up work, ensure the quality of the construction, labour safety and pay proper care to workers’ living conditions. With a total investment of over 5 trillion VND (USD 213.22 million), the construction of the 6.61-km bridge was started in March 2020 and is expected to complete this year. By now, more than 70% of the work has been completed. The leader added localities must proactively build intersections, organise traffic routes connecting to the bridge and the … [Read more...] about PM inspects key transport project in Mekong Delta

Many Vietnamese enterprises achieved success in 2022 after shifting to exports through e-commerce platforms, especially Amazon. The trend is expected to continue this year. Vietnam was among the top five countries with the highest e-commerce retail sale growth rates in 2022, according to a report by the U.S.’s market research company eMarketer. Impressive growth A year after beginning to sell goods on Amazon to European and American markets, ChicnChill, a Vietnamese handicraft brand, reported a growth rate of up to 700 percent. Tran Tuan Dung, CEO of ChicnChill, said he saw the start-up thrive when a majority of Vietnamese enterprises have scaled down their operations due to the impact of the COVID-19 pandemic. He and his team spent months studying the lifestyle in European and American markets and home decoration trends there, thereby determining the company’s key products and penetrating into these markets. After a year, ChicnChill’s home decoration products are … [Read more...] about Vietnamese firms earn big from Amazon

Regiment 31 yearly welcomes nearly 1,000 recruits from Southern provinces. In order to leave good impression on recruits on their first days of recruitment, the unit always cleans the barracks, re-arranges barrack rooms, upgrades areas for entertainment and gathering, and supplements other supplies for troops to live, study, and train. Lieutenant Colonel Le Van Hiep, Deputy Political Commissar of Regiment 31 said that “Before the lunar Year of the Cat 2023, the regiment was determined to organize a safe, economical, high combat readiness Tet holiday while preparing to receive new recruits and open the training session for 2023. Therefore, the regiment’s affiliated agencies and units developed plans and tasked troops in the spirit of both enjoying the Tet (lunar New Year) holiday and fulfilling assignments.” Along with fixed funding from higher levels, battalions under the regiments have deducted money from their production fund and capitalized on available materials to renew each … [Read more...] about Regiment 31 makes preparation to receive new recruits