PM Nguyen Xuan Phuc and his spouse (Photo: VNA) Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc, his spouse and entourage on October 7 left Hanoi for Tokyo to attend the 10th Mekong-Japan Summit Meeting and visit Japan from October 8-10. He was accompanied by Minister, Chairman of the Office of the Government Mai Tien Dung, Minister of Planning and Investment Nguyen Chi Dung, Minister of Industry and Trade Tran Tuan Anh, Minister of Natural Resources and Environment Tran Hong Ha, Minister of Finance Dinh Tien Dung, and Governor of the State Bank of Vietnam Le Minh Hung, among others. The 10th Mekong-Japan Summit Meeting marks ten years of the Mekong-Japan cooperation mechanism, and three years of carrying out the Tokyo Strategy 2015. Vietnam’s attendance at the event aims to affirm the country’s commitment to this cooperation mechanism. Also, the meeting will also offer an opportunity for relevant sides to review experience in the past ten years, map out major … [Read more...] about Prime Minister leaves for 10th Mekong-Japan Summit Meeting
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Mayor-level dialogue on low carbon emission policy held
At the event (Source: VNA) HCM City (VNA) –A mayor-level policy dialogue on low carbon emission city development took place in Ho Chi Minh City on September 6. Vice Chairman of the municipal People’s Committee Huynh Cach Mang said the Japanese city of Osaka boasts advanced technology and experience in addressing environmental issues and coping with climate change. Via a low carbon emission city development scheme, Osaka has assisted Ho Chi Minh City in building an action plan in response to climate change for the 2017-2020 period with a vision to 2030, in particular offering technical support in building a forecasting model for greenhouse gas emission, he said. Vice Mayor of Osaka city Seigo Tanaka said the project will help the two cities reduce carbon emission effectively, contributing to sustainable socio-economic development. Akikazu Ikegami from Osaka’s Department of Environmental Engineering said the city has chosen Ho Chi Minh City for a joint … [Read more...] about Mayor-level dialogue on low carbon emission policy held
Garment-textile sector regains confidence of foreign investors
Workers at a garment-textile company in Vietnam (Photo: VNA) Hanoi (VNA) – Vietnam has been considered an attractive destination for investors who are keen on the garment and textile sector, thanks to benefits brought about by the bilateral and multilateral free trade agreements (FTAs) that the country has signed and is about to sign. Looking back more than one year ago, many domestic garment firms were facing significant hardships as orders were being shifted to countries with low labour costs and tariffs, such as Cambodia, Myanmar, and Bangladesh. However, in just a short period of time, after investing in technology and adjusting costs and inappropriate policies, Vietnam regained investors’ confidence, with a lot of large orders now returning to the country. The Vietnam Textile and Apparel Association (VITAS) explained that Vietnam is well-known for its high quality of garment and textile products and quick delivery turnaround for sophisticated products. Therefore, … [Read more...] about Garment-textile sector regains confidence of foreign investors
Lao airport can receive 2.3 million foreign tourists annually
Wattay International Airport (Source: internet) Vientiane (VNA) – The Wattay International Airport in the Lao capital of Vientiane is now able to accommodate as many as 2.3 million foreign travellers a year, roughly nine times the original terminal’s capacity, according to the Nikkei Asian Review’s edition published on August 10. Japanese construction company Hazama Ando, which managed the expansion project at the airport, officially passed the terminal over the Lao Airports Authority on August 9. The same day, Japanese aviation services provider Jalux and trading house Toyota Tsusho agreed to a 10-year extension of their management of the terminal in a joint venture with local concerns. Laos is keen to become a travel destination and the expanded terminal plays a key role. The Lao government expects the number of people arriving in the country on international flights to reach 1.51 million in 2023. The expansion project helped double the size of the … [Read more...] about Lao airport can receive 2.3 million foreign tourists annually
Japan’s Sojitz buys Vietnam’s Saigon Paper
Saigon Paper, which sells tissues under the Bless You brand, also produces toilet paper and cardboard components. (Source: Saigonpaper.com) Tokyo (VNA) - Japanese trading house Sojitz has purchased Vietnam's Saigon Paper for about 10 billion JPY (91.2 million USD), inking a deal to tap the fast-growing demand for cardboard and tissue paper in the Southeast Asian country, according to Nikkei Asian Review. Sojitz acquired more than 90 percent of Vietnam's largest maker of tissue paper from the company's founders. Saigon Paper, which sells tissues under the Bless You brand, also produces toilet paper and cardboard components. Yearly sales top 100 million USD on production capacity of 40,000 tonnes of residential-use paper as well as 230,000 tonnes of industrial paper. Cardboard demand in Vietnam surged more than tenfold over the past decade, benefiting from the rise of online shopping and the move of textile and electronics … [Read more...] about Japan’s Sojitz buys Vietnam’s Saigon Paper