Vietnam life southern japan earthquake injures 13

Illustrative image. (Photo: VNA) Localities in the region have also organized investment promotion workshops to popularize Vietnam’s investment environment and its advantages and potential. In mid-May, Pandora, a Danish jewelry manufacturer, announced that it will invest US$100 million to build a new facility in the Vietnam Singapore Industrial Park (VSIP) in the southern province of Binh Duong under a memorandum of understanding signed between two sides. Jeerasage Puranasamriddhi, Chief Supply Officer of Pandora group, said they have chosen Binh Duong province for the availability of skilled workforce, its infrastructure and proximity to international airports, adding that the enthusiasm, support and strong commitment the group receives from the local administration was also a reason. According to the provincial People’s Committee, in the first four months of this year, Binh Duong attracted a total of $2.35 billion in 16 new projects, nine existing ones, and from the … [Read more...] about Key southern economic region a magnet for FDI

Kang GewWon, General Director of Shinhan Bank Vietnam (left) and Lee Euichul, General Director of Shinhan Life (right), signed an insurance business partnership on May 24. — Photo Shinhan Bank Vietnam Shinhan Life Insurance Vietnam Limited Liability Company (Shinhan Life Vietnam) and Shinhan Bank Vietnam Limited (Shinhan Bank) officially signed a strategic cooperation agreement on implementing the bancassurance business model on May 24. The agreement marks a new chapter full of expectations for two financial organisations with mutual plans to bring living improvement solutions to a million Vietnamese people. Under the framework of the new agreement, Shinhan Bank Vietnam will consult and introduce life insurance products of Shinhan Life to the bank's customers nationwide. The first product developed through this distribution channel is Shinhan – Credit, a protection product for borrowers. “In recent years, customers' demand for insurance products at the bank has expanded … [Read more...] about Shinhan Life Vietnam, Shinhan Bank Vietnam sign partnership

Indonesian Minister of Trade, Muhammad Lutfi (R) shakes hands with Japanese Minister of Economy, Trade and Industry Hagiuda Koichi after a meeting in Thailand (Photo: Indonesian Ministry of Trade) Jakarta (VNA) – Indonesia appreciated Japan 's desire to discuss the 'Asia Japan Investing for Future Initiative', Indonesian Minister of Trade Muhammad Lutfi said during his recent meeting with Japanese Minister of Economy, Trade and Industry Hagiuda Koichi. Lutfi said Indonesia welcomed the discussion to prepare this initiative for the benefit of the region. He revealed that there are at least three things that are of concern to Indonesia regarding this initiative. These things are related to the expected results, funding mechanisms, and the planned implementation time. The Indonesian minister also appreciated Japan's support for this year's G20 Presidency, hoping that the support will help G20 member countries generate useful achievements and priority agendas. … [Read more...] about Indonesia, Japan discuss regional economic development

Female workers make shoes at Song Than Industrial Park in Binh Duong province’s Di An city. (Photo: VNA) Sydney (VNA) – The Vietnamese Embassy in Australia, the People’s Committee of Binh Duong province and the Victoria state government jointly held a Vietnamese business forum on May 24, aiming to introduce the potential and investment opportunities in the southern Vietnam province. Binh Duong province in particular, particularly those on support for small and medium enterprises. Business Forum in Melbourne, Victoria. Australia 's second largest trading partner with bilateral turnover reaching 113.7 billion AUD (more than 80 billion USD) in 2019-2020. Investment from both sides hit over 259 billion AUD and 242 billion USD in 2019 and 2020, respectively. VNA … [Read more...] about Forum seeks to promote investment from Australia into Vietnam

Jose Mestre, a representative of the Central Retail Group in Vietnam, speaks at the conference (Photo: VNA) Bac Giang (VNA) – The northern province of Bac Giang, in collaboration with the ministries of Industry and Trade, and Agriculture and Rural Development, held an online conference on litchi sales for nearly 80 target markets at home and abroad. The conference provided an opportunity for Bac Giang to promote litchi sales in domestic and export markets; and strengthen its coordination with centrally-run agencies, domestic and foreign provinces and cities, and overseas Vietnamese economic, trade and diplomatic agencies. It also served as a forum for domestic and foreign businesses to find partners and sign contracts for litchi and litchi-based products in this year. Speaking at the event, Vice Chairman of the People’s Committee of Bac Giang province Phan The Tuan said that thanks to the favourable weather and the close control of growing area codes, the … [Read more...] about Bac Giang promotes litchi sales at home and abroad

President Ho Chi Minh meets with Italian journalists from the Communist newspaper l'Unità in 1959. (Photo: VNA) Seoul (VNA) – The ideology of patriotic nationalism pursued by President Ho Chi Minh remains alive today amidst a rise in competition for power among major countries, Professor Choi Gyu Youb from the Republic of Korea’s Hanshin University told Vietnam News Agency. The Korean professor admired the the great personality of the late leader who was largely respected even by enemies. Under the wise leadership of President Ho Chi Minh, Vietnam defeated two major powers – French colonialists and American imperialists, Choi noted, quoting the late leader as saying Vietnam possesses a weapon more formidable than the most advance one of the Americans, which is people’s solidarity and patriotic nationalism . He praised President Ho Chi Minh as a brilliant strategist who had a historical vision and decisions, saying his strategies were flexible, depending on each … [Read more...] about President Ho Chi Minh’s ideology remains alive: Korean professor

The completion of these projects would help ensure Hanoi’s rapid and sustainable development towards green, smart, and modernization while maintaining the harmonization between rural and urban areas. The capital city has so far completed around 70% of the total area subject to site clearance under smart urban projects in the city. Overview of the smart city project in Dong Anh District. Photo: BRG To date, the progress has been encouraging as contractors are speeding up the completion of the site clearance process. According to a recent report, site clearance for the construction of the new residential project Tay Mo – Dai Mo – Vinhomes Park in Nam Tu Liem District has almost concluded, with the  70% of the work volume completed. Around 80% of the land for the projects in the communes of Xuan Canh, Dong Hoi, and Mai Lam (Dong Anh District) have been cleared, and the authorities are handing over clear sites to contractors. The local authorities are also … [Read more...] about Hanoi accelerates construction of smart urban projects

President Nguyen Xuan Phuc speaks at the meeting with the National Assembly deputies group of Ho Chi Minh City. (Photo: SGGP) According to the President, the economic indicators in the first five months of 2022 are encouraging, showing signs of growth in budget revenue, import and export, and agriculture. The macroeconomy has always been maintained and is the outstanding point in operating. Vietnam's vaccination strategy has been implemented drastically and is recognized by the world. However, the signs of inflation are clear, especially when Vietnam's economy has a fairly high openness. The stock market is an important capital mobilization channel, but billions of dollars have been evaporated recently. Therefore, it is necessary to have better measures and methods to support the stock market to stabilize, send capital flows to businesses, create jobs, and determine growth. State President Nguyen Xuan Phuc quoted an article "Not let inflation sweep away underprivileged people" … [Read more...] about President emphasizes importance of timely support for people, enterprises

Delegates attended to the factory's groundbreaking ceremony. — Photo baodautu.vn Kurz International Holdings GMBH from Germany held a groundbreaking ceremony to build a thin-film factory at the Becamex Viet Nam-Singapore Industrial Park (VSIP) in the south central province of Binh Dinh on Tuesday. Kurz International is the first European investor to invest in the 1,425-ha park as well as in the south central province. The US$40-million project covers 12,000sq.m. It is the third invested by Kurz International in Asia. The first phase of the project is expected to be operational in the third quarter of 2023, with a total production capacity of 15 million sq.m of hi-tech film and coating products a year. Depending on operations in Viet Nam, the total investment for the project is expected to be up to $100 million in 10-15 years. General Director of KURZ Vietnam Co, Cosima von Salis said the new factory in Binh Dinh Province will help strengthen the influence of KURZ Group in … [Read more...] about Work begins on $40-million thin film project in Binh Dinh

The tournament  will be divided into two stages. The first stage will take place from June 1 in Lam Dong province with five teams of Cao Bang, Hung Gia Khang Dak Lak, Quang Nam, Tan Hiep Hung, Vietfootball. They will compete in a round robin format to decide the four teams that will progress to the second stage. The second stage will witness the participation of the four winners in the first stage and the top six teams from last year’s National Futsal HDBank Championships, including Thai Son Nam, Sahako, Zetbit  Sai Gon FC, Thai Son Bac, Sanvinest Sanatech Khanh Hoa, and Hieu Hoa Da Nang. The ten teams will compete in two legs. The first leg will take place from June 13 to July 4 in Lam Dong province while the second leg will be held from November 5 to 26 in Can Tho City. The champions will receive gold medals and a VND 500 million award. They also will be Vietnam’s representatives to the AFC Futsal Club Championship. On the occasion, the organizing panel also announced the … [Read more...] about 11 teams to compete in 2022 National Futsal HDBank Championship