Liem said that over the past years, the city has paid great attention to fostering partnership between the city and Australian states. To date, HCM City has set up friendly ties with Australia’s Northern Territory, and signed a memorandum of understanding on cooperation with New South Wales, he noted. Liem briefed the guest on the city’s socio-economic situation, saying that Australia is the 17th largest foreign investor in HCM City with 182 projects worth nearly US$200 million and two-way trade reaching nearly US$980 million. In 2018, HCM City welcomed nearly 310,000 Australian visitors, he said, stressing that potential for trade cooperation between the city and Australia and West Australia in particular remains huge. Vietnam opened a Consulate General in Perth city of West Australia, which will help connect the city and West Australia, Liem said. Noting that many Vietnamese people are living, studying and working in West Australia, Liem expressed his hope that the local … [Read more...] about HCM City, West Australia seek closer partnership
Vietnam seeks closer ties with australia
Ten most significant world events in 2018
1. Opportunity for peace on the Korean PeninsulaDPRK leader Kim Jong-un (left) and US President Donald Trump in a summit in Singapore on June 12th, 2018 (Photo: Xinhua)Moon Jae-in and Kim Jong-un have met three times in 2018 amid warming ties between the two Koreas. The two leaders met each other two times in the Truce Village of Panmunjom, on April 27th and May 26th. The third inter-Korean summit took place at Pyongyang on September 20th. At the events, the two leaders signed the Panmunjom and Pyongyang Declaration in which RoK President Moon Jae-in and top DPRK leader Kim Jong-un agreed to end hostile relations, increase cooperation and exchanges, and denuclearize the Korean Peninsula. Earlier, DPRK leader Kim Jong-un on April 27th officially stepped over a cracked slab of concrete, the world’s most heavily armed border, to greet the RoK’s President Moon Jae-in. The two leaders met at the Demilitarised Zone that divides the two countries for a historic summit, the … [Read more...] about Ten most significant world events in 2018
BUSINESS NEWS IN BRIEF 15/12
Firms should seek to grow stronger in global economy: experts Vietnamese businesses need to urgently adapt their management methods and bravely step out into the world in order to survive and develop in the context of global integration, said experts at a workshop held Ho Chi Minh City on December 13. Vu Thi Thuan, Chairwoman of Traphaco JSC, said Vietnam is going through an extensive and intensive integration process by engaging in groups such as the Asia-Pacific Economic Cooperation (APEC) Forum, the Association of Southeast Asian Nations (ASEAN), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and the EU-Vietnam Free Trade Agreement (EVFTA). This allows businesses to expand their markets but also presents a lot of challenges and competition, she said, adding that the development of technology and artificial intelligence requires enterprises to map out sustainable development strategies. Businesses should make plans to maintain comprehensive … [Read more...] about BUSINESS NEWS IN BRIEF 15/12
BUSINESS NEWS IN BRIEF 31/8
Mitsubishi plans to make electric cars in Viet Nam Japan’s Mitsubishi Corporation plans to invest in an electric automobile manufacturing factory in Viet Nam, said Executive Vice President Hiroshi Sakuma during a meeting with Vietnamese Deputy Prime Minister Vuong Dinh Hue in Ha Noi on Wednesday. At the meeting, Sakuma said his firm was evaluating the feasibility of the project and look forward to new regulations on environmental protection taxes to promote investment in the country. Hue said Viet Nam’s National Assembly would soon discuss and pass the Law on Environmental Protection Tax. There would be incentives commensurate with environmentally friendly products. The Mitsubishi Corporation is currently investing in two BOT (Build-Operate-Transfer) projects in Viet Nam, namely the Vung Ang 2 Thermal Power Plant (1,200 MW) and Vinh Tan 3 (1,980 MW) Power Plant. The corporation and Viet Nam’s Ministry of Industry and Trade signed an investment … [Read more...] about BUSINESS NEWS IN BRIEF 31/8