According to the Ministry of Planning and Investment, as of 2015, Belgium ran 59 valid investment projects in Vietnam in 2015 with total registered capital of 421.66 million USD, ranking 27th among 105 nations and territories investing in Vietnam. Last year, the European country counted four newly-licensed investment projects and two registering to increase capital. Belgian Ambassador to Vietnam Jehanne Roccas said the number of projects invested by Belgian businesses is quite modest compared to other foreign investors in Vietnam. However, with Belgium, this is a considerable figure as the country typically only runs about 2-3 investment projects in a host country. She said Vietnam constitutes the brightest spot in Asia, adding that with FTAs, the country’s export potential will increase in the future. Vietnam is also expected to become a manufacturing hub in the world, so Belgian enterprises will consider increasing their presence and activities in the Southeast Asian … [Read more...] about Belgian businesses expand investment in Vietnam – News – Investment
Vietnam news 2015
Plan to get people back on to the rails – English Through the News – Vietnam News Politics, Business, Economy, Society, Life, Sports
The more Viet Nam's roads get better, the less people want to travel by train. Plans are therefore being made to get more trains and make the railway system more modern. There is also talk of the railways allowing train passengers travelling between China and Viet Nam to have their passports stamped on the train. Another is to offer special deals for people who want to send large amounts of cargo by rail. HCM CITY (VNS) — The modernisation of Viet Nam's railway system is projected to cost about US$5.1 billion, experts said during an event on detailed plans to upgrade the 1,726 km stretch of the North-South railway from Ha Noi to HCM City. The plan, introduced to the public on September 18 by the Viet Nam Railway Authority (VNRA), outlined major projects to be carried out until 2030. The plan aims to eliminate bottlenecks, such as the tunnels of Khe Net and Hai Van, and move the Da Nang Train Station out of the city, as well as more than 90 other infrastructure upgrades to the … [Read more...] about Plan to get people back on to the rails – English Through the News – Vietnam News Politics, Business, Economy, Society, Life, Sports
Channel NewsAsia celebrates official opening of its Vietnam news bureau in Hanoi
The event in Hanoi was attended by government officials, business leaders and partners.Channel NewsAsia’s Correspondent based in Hanoi, Tan Qiuyi, who has been based there since last year, will file first-hand reports on the developments in a country that has one of the fastest growing economies in the region. Some of her more recent reports of Vietnam include the country’s territorial conflict with China in the South China Sea, the opening up of the real estate market and Vietnam’s athletes who scored gold and glory at the 2015 Southeast Asian Games. The opening of the bureau was announced by Ms Debra Soon, Head of MediaCorp’s News and Premier Segment, last year at Channel NewsAsia’sVietnam Business Insights forum. Ms Soon said, "With our bureau in place here in Hanoi, we are extending our capability to report with depth and integrity.This is what the channel stands for, to create better understanding of Asia and what it has to offer the world." The … [Read more...] about Channel NewsAsia celebrates official opening of its Vietnam news bureau in Hanoi
Foreign institutions predict high economic performance for Vietnam in 2015
VietNamNet Bridge – The most prestigious financial institutions believe that Vietnam's economy will see a strong recovery in 2015 and that the drop in crude oil prices, though lowering revenue for the state, will help foster production and consumption. The General Statistics Office (GSO) has announced that the gross domestic product (GDP) grew by 5.98 percent in 2014. Though the figure represents the highest GDP growth rate since 2011, Vietnamese economists think it was still too low. They said the GDP growth rate did not exceed the 6 percent threshold over the last four years. Some economists think the 6.2 percent GDP growth rate target in 2015 may be unattainable. The oil price has dropped by 50 percent over the last six months and could decrease further. Crude oil production contributes 8 percent of Vietnam’s GDP. An MPI report showed that if Vietnam cuts oil output by 30 percent because of oil price falls, the GDP growth rate would lose 1.2 percentage … [Read more...] about Foreign institutions predict high economic performance for Vietnam in 2015
Vietnam News Agency chief reflects on 70 years of growth
General Director Nguyen Duc Loi reflects on the path of the Vietnam News Agency (VNA), the official State news provider, since its establishment 70 years ago. On September 15, 2015, the VNA turns 70, marking a constant growth in stature of a national media agency named by late President Ho Chi Minh. Thanks to the tireless dedication and high sense of responsibility borne by generations of VNA staff, flows of mainstream news have not been interrupted in all those years. Less than two weeks after President Ho Chi Minh delivered the Declaration of Independence declaring the birth of the Democratic Republic of Viet Nam, on September 15, 1945, the VNA published to the world the full text of the document in Vietnamese, English and French. During the struggle for national independence, generations of VNA reporters and technicians went out to the battles, even to the fiercest fighting sites. More than 260 of them laid down their lives. When the country embarked on an era of … [Read more...] about Vietnam News Agency chief reflects on 70 years of growth