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At the reception for Boeing leaders (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh hosted separate receptions in New York on September 21 for leaders of several US corporations as part of his trip to attend the high-level week of the UN General Assembly’s 78th session . During separate meetings with representatives from Apple Inc., Boeing Company, Google, Siemens Healthineers, the PM reiterated his commitment to create favourable conditions for US enterprises to operate effective business in Vietnam. Chinh suggested that Apple continue to expand investment in Vietnam, increase the local content and work as a bridge for US firms and Apple's partners to invest ịn Vietnam. He hoped that Apple will turn Vietnam into an important link in its supply and production chain. Meanwhile, he asked Boeing to expand its manufacturing and supply chain in Vietnam and early build its maintenance facility in the country while supporting Vietnamese partners in … [Read more...] about PM receives leaders of US enterprises in New York

Prime Minister Pham Minh Chinh (L) meets Brazilian President Luiz Inácio Lula da Silva in Hiroshima, Japan on March 21, 2023 (Photo: VNA) Pretoria (VNA) – The official visit to Brazil by Prime Minister Pham Minh Chinh is expected to contribute to lifting the relations between Vietnam and the Latin American country to a new height, stated Vietnamese Ambassador to Brazil Pham Thi Kim Hoa in an interview granted to Vietnam News Agency (VNA). According to the diplomat, Brazil is the number one partner in the Latin American region of Vietnam. With a population of more than 211 million, Brazil is a promising market for Vietnam. The country is also the gateway for Vietnam to enter the Latin American market, she said, adding that Vietnam is also a door for Brazil to ASEAN and other Asian countries. Ambassador Hoa said that PM Chinh is the first leader of Vietnamese Party and Government to pay an official visit to Brazil since the trip by Party General Secretary Nong Duc Manh in … [Read more...] about PM’s visit hoped to lift Vietnam-Brazil ties to new height: Ambassador

The 172-room hotel – HIIVE by Fusion Binh Duong – is located in Vietnam-Singapore Industrial Park 1 in Thuan An of Binh Duong province. Created for business travellers around industrial and logistic hubs, the hotel is near AEON Mall, Song Be Golf Resort, and just an hour from Ho Chi Minh City’s international airport. The opening of HIIVE by Fusion Binh Duong will mark the new brand’s Southeast Asia debut With interiors and facilities to support both work and leisure travel, the HIIVE hotel features spacious rooms for longer stays, flexible meeting rooms, coworking spaces, an all-day dining restaurant, a sports bar, a golf simulator, a 24-hour fitness centre, and guest laundry facilities on every floor. “There has been a steady increase in foreign investment and business travel into Vietnam, with Binh Duong quickly emerging as a main manufacturing hub located just outside Ho Chi Minh City,” said Christopher Hur, president of Lodgis Hospitality, the parent company of … [Read more...] about Fusion Hotel Group launches business hotel brand

Prime Minister Pham Minh Chinh has a seminar and a working dinner with leaders of multinational businesses and leading US investment funds in New York on September 21 (local time) (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh, who is in the US for the high-level week of the UN General Assembly’s 78th session, had a seminar and a working dinner with leaders of multinational businesses and leading US investment funds in New York on September 21 (local time). At the seminar, leaders of businesses and investment funds as well as Vietnamese State management agencies discussed measures and orientations to attract more financial resources for socio-economic development, especially the building and development of financial centres in Vietnam. Leaders of US investment funds held that amid fluctuations in the world geo-political and economic situation, Vietnam has been evaluated by international organisations as a bright spot in investment attraction with many … [Read more...] about US investment funds appreciate potential of Vietnam

Lam Nguyen Hoang Thao, senior associate at law firm Russin & Vecchi The central provinces of Thanh Hoa and Nghe An are looking for the government’s green light to convert some coal-fired power projects into liquefied natural gas (LNG) -to-power one. How do you think this trend is panning out in Vietnam so far? I believe that the trend of converting coal-fired power to LNG-to-power plants in Vietnam is a very positive development. The Power Development Plan VIII (PDP8) called for a reduction in the use of coal and an increase in the use of cleaner fuels. The nation’s goal is to make the transition to green, renewable energy including solar, wind, biomass, ammonia, hydrogen, and nuclear energy. However, the road to reach these goals is still long and uncertain. Vietnam still has limited ability to supply energy from biomass and green ammonia due to the limitation of technology, expertise, and due to the related high production costs. Similarly, with hydrogen, the … [Read more...] about The key factors to take into account for switch to LNG

Foreign Minister Bui Thanh Son (Photo: VNA) New York (VNA) – Foreign Minister Bui Thanh Son joined nearly 150 ministers and representatives from UN member countries at a preparatory ministerial meeting for the 2024 Summit of the Future in New York on September 21 (local time). At the meeting, ministers pointed to major difficulties and challenges currently, especially those related to climate change, environment, food security, energy, water resources as well as the decline in trust and multilateral cooperation. They were especially concerned as the Sustainable Development Goals (SDGs) have been completed by 14%, and believed that the 2024 Summit of the Future is significant in creating new catalysts to promote the implementation of the 2030 Agenda . The ministers shared their countries' vision and priorities for the summit, and reaffirmed their commitment to strengthening global governance and multilateralism, calling for respect for the basic principles of … [Read more...] about Vietnamese FM attends preparatory meeting for 2024 future summit, holds bilateral meetings

Vietnam’s JETP plan must cover energy efficiency, storage, and more, photo Le Toan European Investment Bank (EIB) vice president Kris Peeters told VIR when he visited Vietnam last week that the non-profit credit institution and lending arm of the EU is eager to meet with partners in Vietnam to provide more green loans for environmentally friendly projects in various sectors from transport, water treatment, and smart urban development to renewable energy and infrastructure. “We have been providing loans for seven projects in Vietnam with total loans of €561 million ($602.8 million), and we hope the figure will double in the coming time,” Peeters said. Last year, the EIB invested over €70 billion ($75.2 billion) in many green projects worldwide. “We want to increase our investment portfolio and Vietnam is also on our priority list, as the country’s economy is going green, meaning the growing need for relevant projects in many sectors,” Peeters said. “Vietnam is an important … [Read more...] about Development banks extend role in green-related loans

The Toronto-based Avison Young announced its expansion into the Vietnamese market on September 20 through a strategic affiliation agreement with the Ho Chi Minh City- and Hanoi-based D&P Company. The commercial real estate company is establishing a presence in Southeast Asia for the first time. Its services include valuations and advice, industrial and office leasing, as well as property and asset management. The offices in Hanoi and Ho Chi Minh City will be led by David Jackson (right) and Peter Dinning (left), who will be joining as principals, with Jackson taking on the role of CEO and Dinning acting as chairman Mark E. Rose, chairman and CEO of Avison Young, said that, with the fast growth in Vietnam, the company is incredibly excited to expand the Avison Young network into the Asia-Pacific real estate market through this affiliation with D&P. “Vietnam's robust economy and dynamic real estate sector offer tremendous opportunities for us to deliver … [Read more...] about Avison Young enters Vietnam’s real estate market

Vietnamese Prime Minister Pham Minh Chinh during his receptions for leaders of several global and U.S. corporations on Thursday afternoon (local time), such as Apple, Boeing, Google, and Siemens proposed them to expand their businesses in Vietnam. Nick Ammann, vice president for global government affairs at Apple, and an Apple high-ranking delegation said Vietnam is an important market and has much potential for cooperation. Apple is interested in clean energy strategies and the approach to clean energy for Apple contract manufacturers in Vietnam, Ammann said. The Apple representative also wanted to jointly organize training programs for software personnel in Vietnam, which has developed strong human resources in the digital economy. PM Chinh congratulated Apple on its achievements in Vietnam and around the world, adding that he welcomes businesses that enhance the use of clean energy and training for human resources in the hi-tech sector to invest in Vietnam. The Vietnamese … [Read more...] about PM Pham Minh Chinh calls on US enterprises to expand business in Vietnam