Sequoia seeks 7bn to invest in us and asian start ups

Addressing the event, Assistant Foreign Minister and Head of SOM Canada Paul Thoppil affirmed that his country always attaches great importance to 45-year-ties with ASEAN, and underlined that ASEAN and the Southeast Asian region play a core role in the Indo-Pacific Strategy that Canada is going to announce. He said Canada hoped to engage deeper into regional cooperation through ASEAN-led mechanisms. In order to celebrate the 45-year partnership between the two sides (1977-2022), Thoppil proposed organizing an ASEAN-Canada Commemorative Summit in late 2022 in Cambodia and lift up their ties to a strategic partnership. The ASEAN member countries lauded Canada’s cooperation and support to the association over the years, including a commitment of contributing 3.5 million CAD (2.7 million USD) in five years to the ASEAN Fund for COVID-19 Response, 2 million CAD (1.54 million USD) to the ASEAN Coordinating Center for Humanitarian Assistance on disaster management, and 8.5 million CAD … [Read more...] about ASEAN, Canada seek ways to foster partnership

Ash and slag storage yards of thermal power plants in Binh Thuan Province are on the verge of overloading. (Photo: SGGP) There are two pictures with two different shades of color of thermoelectric fly ash and slag in the Southern region. In Binh Thuan Province, the total amount of ash and slag from thermal power plants stagnant in storage yards has reached about 12 million tons by the beginning of 2022. Meanwhile, the total amount of fly ash and slag at the Duyen Hai Thermal Power Plant, built in 2015 in Tra Vinh Province, is roughly 3.67 million tons. From the time it was put into operation until the end of April 2022, the total amount of fly ash and slag generated by the Duyen Hai Thermal Power Plant was 7.88 million tons, and about 4.2 million tons were reused. There has been no consistent and radical solution for thermoelectric fly ash and slag. Dumpsite out of storage, consumption stagnant According to the report of the Department of Natural Resources and Environment of … [Read more...] about Investors neglect seeking fundamental solutions for thermoelectric ash, slag

Minister of Foreign Affairs Bùi Thanh Sơn and Omani counterpart Sayyid Badr bin Hamad bin Hamood Al Busaidi had talks on Wednesday. — VNA/VNS Photo HÀ NỘI — Minister of Foreign Affairs Bùi Thanh Sơn has had a phone call with his Omani counterpart Sayyid Badr bin Hamad bin Hamood Al Busaidi on Wednesday after Việt Nam and Oman celebrated the 30th anniversary of their diplomatic ties (June 9). Sơn praised the remarkable developments in cooperation between the two countries over the past three decades in politics, diplomacy, economy and trade, saying they have maintained delegation exchanges and mutual support at international forums, and in natural disaster response and the fight against COVID-19. He views economic cooperation as a bright spot in the bilateral ties, with two-way trade hitting US$338.1 million last year, nearly doubling the figure in the previous year. The Việt Nam-Oman Investment (VOI) fund has operated effectively, with an array of projects rolled out in … [Read more...] about Việt Nam forges multi-faceted cooperation with Oman, UAE

Prime Minister Phạm Minh Chính on June 27 receives Australian Minister for Foreign Affairs Penny Wong, who has been on a three-day official visit to Việt Nam. VNA/VNS Photo Dương Giang HÀ NỘI – Prime Minister Phạm Minh Chính and President Nguyễn Xuân Phúc on Monday received Australian Minister for Foreign Affairs Penny Wong, who has been on a three-day official visit to Việt Nam. Praising Australia’s successes in the federal election, COVID-19 vaccination and economic recovery, PM Chính thanked the nation for its provision of COVID-19 vaccines, medical equipment and supplies for Việt Nam during the fight against the pandemic, particularly 14.4 million doses of vaccine for Vietnamese children. The PM also lauded the strong growth of the Việt Nam-Australia strategic partnership. The exchange of high-level delegations and meetings have been held regularly between the countries; bilateral trade hit US$12.4 billion in 2021;  Việt Nam began investing directly in Australia; and the two … [Read more...] about Leaders receive Australian Minister of Foreign Affairs

Jesse Choi, CEO of Sunwah Innovations and director of Sunwah Vietnam talked about Vietnam's market entry opportunities and strategy The webinar received around 100 participants including experts and representatives of corporates, startups, universities, incubators and accelerators, venture capital firms, and business associations from Vietnam and neighbouring countries and territories including Cambodia, Singapore, Japan, South Korea, China, and Hong Kong. Vietnam has seen significant improvements in developing a dynamic and open business environment. In the post-pandemic period, the country stands firm as one of the most attractive destinations in the Southeast Asian region for foreign investors and businesses including venture capital firms and startups. Realising an increasing need from overseas startups and supporting organisations to explore and gain footholds in the market, Sunwah Innovations organised the Vietnam Market Entry Opportunities and Strategy webinar. It was … [Read more...] about International webinar on Vietnam’s Market Entry Opportunities and Strategy

Vietnam remains a favorite destination for foreign firms seeking to shield from a combination of geopolitical tensions, rising operational costs thanks to the country’s strong economic performance in recent years. Foreign Direct Investment (FDI) commitments in the first half of 2022 reached over US$14.03 billion, equivalent to 91.1% of the same period last year, a report of the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment has shown. Production at Rhythm Precision in the Noi Bai Industrial Park, Hanoi. Photo: Pham Hung In the six months, 752 new projects have been approved with total registered capital of $4.94 billion, down 6.5% in the number of projects and 48.2% in capital year-on-year, while 487 existing projects have been injected an additional $6.82 billion, up 5.9% in number and 65.6% in capital. Meanwhile, 1,7077 projects had nearly $2.27 billion contributed by foreign investors, which was down 8% in several … [Read more...] about FDI commitments to Vietnam reach over US$14 billion in H1 2022

Minister of Foreign Affairs Bui Thanh Son and Omani counterpart Sayyid Badr bin Hamad bin Hamood Al Busaidi had talks on Wednesday. — VNA/VNS Photo Son praised the remarkable developments in cooperation between the two countries over the past three decades in politics, diplomacy, economy and trade, saying they have maintained delegation exchanges and mutual support at international forums, and in natural disaster response and the fight against Covid-19. He views economic cooperation as a bright spot in the bilateral ties, with two-way trade hitting US$338.1 million last year, nearly doubling the figure in the previous year. The Vietnam-Oman Investment (VOI) fund has operated effectively, with an array of projects rolled out in essential fields in Vietnam like water management, agriculture, health care and renewable energy, the minister continued. For his part, the Omani minister lauded the achievements Vietnam has recorded in politics, external relations, economy and social … [Read more...] about Vietnam forges multi-faceted cooperation with Oman, UAE

Hanoi (VNA) – The following is a brief review of the day’s events as reported by the Vietnam News Agency June 23. - Party General Secretary Nguyen Phu Trong and National Assembly (NA) deputies of Hanoi met voters in Ba Dinh, Dong Da and Hai Ba Trung districts on June 23 to inform them of the outcomes of the 15th NA’s third session and gather their opinions and requests. The meeting was held both in-person and online formats, drawing 1,225 local voters. Read full story -  Vietnam and Cambodia must further strengthen solidarity, cooperation and mutual assistance to deserve the contributions and sacrifices of previous generations and meet the aspirations and interests of their people, Minister of Foreign Affairs Bui Thanh Son has stated. Talking to the media on the occasion of the 55th anniversary of the establishment of the two countries’ diplomatic ties (June 24), Son said that the celebration of the anniversary is an opportunity for the two countries' people to review the … [Read more...] about ☕ Afternoon briefing on June 23

Role of press highlighted in promoting development Nguyen Thu Lan, a consultant from a Hanoi-based US-invested investment consultancy firm, two weeks ago completed a digital transformation report for the firm’s three potential American clients, who are exploring Vietnam’s investment climate. Lan had to seek information from many sources for the report, including local newspapers. She also found detailed information on Vietnam’s macroeconomic situation and digital transformation in VIR, which features a new hallmark scheme from the government on supporting industrial enterprises in smart production development. Lan said, “I am very happy as I had been seeking such information for months. More importantly, such information was cited from an original source,” she said. Under the draft scheme, expected to be enacted by the government soon, just over one-third of Vietnamese businesses will implement digital transformation effectively by 2025, and the rate will increase to 85 per … [Read more...] about Role of press highlighted in promoting development

Danang is now ripe for 5-star hospitality success The 16th edition of the Asian Route Development Forum (Routes Asia 2022) was held in Danang on June 6 for the first time. Routes Asia brings together policymakers from the world’s leading airlines, airports, destinations and aviation suppliers, and this time around the event wants to realise action plans and accelerate Asia-Pacific economic recovery. “We see this as a significant opportunity to exchange information and seek partnership, as well as to invest in the development of aviation, tourism, and logistics,” Chairman of Danang People’s Committee Le Trung Chinh stated at the event. “This is also an opportunity for the city to showcase our natural beauty, people, and socioeconomic achievements and the tourist industry in particular, to investors and visitors from across the world.” According to research by Savills World Research last year, the coastal city is one of the leading destinations for major international brands in … [Read more...] about Second-home market blossoms in Danang