Deputy Minister of Foreign Affairs Ha Kim Ngoc (Photo: VNA) Hanoi (VNA) - After a year implementing the strategy on cultural diplomacy to 2030, issued by the Prime Minister in November 2021, Vietnam has achieved marked results in the field, helping promote its relations with other countries across all channels of the Party, Government, National Assembly, and people, affirmed Deputy Minister of Foreign Affairs Ha Kim Ngoc. In an interview granted to the Vietnam News Agency, the official noted that Vietnam has focused on including the cultural content into the activities of high-ranking leaders during their overseas trips and the country’s reception of foreign leaders; and on promoting deep and wide integration in the fields of culture, science and education at international forums. According to him, Vietnam hosted significant regional and international conferences and events last year, including the 31st SEA Games and the Vietnam day programme in the Republic of Korea, … [Read more...] about Cultural diplomacy raises Vietnam’s position worldwide
Su jin kim
Debt buries farmers trying to flip property in frozen market
Like so many others in Lam Dong Province and other rural areas of southern Vietnam, Toan saw the value of his agricultural land skyrocket in 2020-2021. He took it as an opportunity to start flipping properties for profit. But the market froze last year and short-term loans at high interest rates have now sunk him and many other farmers-turned-inexperienced-traders in impossible debt instead. The veteran coffee grower sold his land 7 km from the center of Di Linh District for several billions of dong in profit during a property price bubble in 2021. He then took out short-term, high-interest loans and used them plus money he made from his land sale to by several more plots he planned to resell for profit in what he thought would be at most 1-2 months. He said he thought he’d be able to sell some of the land back in even just a couple of weeks. But the properties still haven’t sold. In early 2022, Toan poured another VND15 billion ($635,600), including VND6 billion from another … [Read more...] about Debt buries farmers trying to flip property in frozen market
Vietnam’s FDI projected to reap up to 38 bln USD in 2023
Vietnam remains an attractive destination for foreign investors (Photo: VNA) Hanoi (VNA) - According to the Foreign Investment Agency under the Ministry of Planning and Investment (MPI), Vietnam is likely to attract 36-38 billion USD in foreign direct investment (FDI) in 2023. The figure was nearly 22.4 billion USD in 2022. Deputy Director of the FIA Do Van Su said disbursement of foreign investment this year is expected to hit 22-23 billion USD,. 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 … [Read more...] about Vietnam’s FDI projected to reap up to 38 bln USD in 2023
Mekong Delta – An ideal destination for foreign visitors
A boat carries tourists on a sightseeing tour of the Tram Chim National Park in the Mekong Delta province of Dong Thap. (Photo: VNA) Can Tho (VNA) – Boasting a network of canals, immense rice fields and fruit orchards, the Mekong Delta has become a favourite destination for foreign visitors who wish to explore the life on the water and the original culture of the southwestern region . Located on the lower part of the Mekong River with rich alluvial soil, interlacing canal networks, and temperate climate, the region has the best conditions for growing fruit trees. It is the country’s largest fruit growing area with fruits such as rambutan, mango, durian, longan, guava, orange, and plum. Many orchards in the Mekong Delta are known nationwide, including Cai Be, Vinh Kim and Cho Gao in Tien Giang province; Cai Mon in Ben Tre; Cu Lao An Binh in Vinh Long; and My Khanh in Can Tho city. These orchards have not only brought in agricultural income, but have become … [Read more...] about Mekong Delta – An ideal destination for foreign visitors