Post-pandemic cooperation prospect of Vietnam, Hong Kong The Vietnamese Ministry of Industry and Trade and the Commerce and Economic Development Bureau of the Hong Kong Special Administrative Region Government (China) jointly held a teleconference on post-pandemic economic recovery – Vietnam-Hong Kong partnership on September 20. Speaking to Vietnam News Agency's correspondents, Anthony Lam, Executive Deputy Chairman of the Federation of Hong Kong Industries (FHKI) and CEO and Vice Chairman of the Golden Resources Development International Ltd., said a number of Hong Kong manufacturers have recently expanded production out of Hong Kong and to ASEAN, including Vietnam, for different reasons. About the potential of cooperation between Vietnamese and Hong Kong firms, Lam said Hong Kong is focusing resources on health care and pharmaceuticals so its businesses could consider investment in those fields in Vietnam. He stressed that Vietnam boasts a young, hardworking, …
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Vietnam, US businesses sign contracts worth over US$2.2 billion
The contracts will contribute to a balanced bilateral trade and economic relations for sustainable and mutual benefits. Vietnam's budget carriers Vietjet and Bamboo Airways have signed contracts worth over $2.26 billion with CFM International and GE Aviation. General Director of Bamboo Airways Dang Tat Thang and AVIAWORLD CEO Leslie J. Machado sign the contract with the attendance of State President Nguyen Xuan Phuc. Photo: VGP The signing ceremony took place on September 21 (local time) during State President Nguyen Xuan Phuc’s trip to the US to attend the 76th UN General Assembly in New York from September 21 to 24. Budget carrier Vietjet Air signed a contract of $260 million with CFM International for aircraft engine maintenance services, taking the total contract value between the two sides to $18.5 billion. Under a long-term and strategic partnership, both Vietjet and CFM International would continue to cooperate in aircraft engine maintenance, …
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Vietnam may attract 30 billion USD in FDI this year: experts
At an assembly workshop of Ford Vietnam CO., Ltd in Hai Duong province.(Photo: VNA) Hanoi (VNA) – Vietnam may attract about 30 billion USD in foreign direct investment (FDI) in 2021, posting a year-on-year rise of 2 percent, economists forecast , pointing to positive signs in FDI attraction in the first eight months of 2021 despite the complexities of COVID-19. According to the Ministry of Planning and Investment, foreign investors channelled 19.12 billion USD into the country in January-August, equalling nearly 98 percent of the same period last year, with several multi-billion USD projects. Singaporean investors poured over 3.1 billion USD into the Long An LNG power plants No 1 and 2 while the O Mon 2 thermal power plant in Can Tho city invested by Japan received 1.31 billion USD in the period. The LG Display project in Hai Phong city has received additional investment twice this year, with 750 million USD in February and 1.4 billion USD in August. Despite social …
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Bamboo Airways to purchase USD billion GE aircraft engines under witness of president
The signing ceremony took place on September 21 in New York, USA, under the witness of Vietnamese President Nguyen Xuan Phuc. During his visit to the US on September 21-24, President Phuc will attend the High-Level Meeting of the 76th United Nations General Assembly and conduct a number of bilateral activities. Promoting international routes The GE agreement is the largest deal in this signing series of Bamboo Airways. According to the agreement, GEnx engines delivered in 2022 will be used for the wide-body Boeing 787-9 Dreamliner fleet of Bamboo Airways. This is the main fleet to operate on nonstop routes between Vietnam and the US in the future. The GEnx is a high-thrust jet engine developed for the Boeing 787 Dreamliner and B747-8 aircraft, which has the advantage of low fuel consumption and reduced CO2 emissions up to 15 per cent. Representing a giant leap forward in propulsion technology, GEnx uses lightweight durable materials and advanced design processes to reduce …