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
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BUSINESS NEWS IN BRIEF 16/8
Vietnam firms join Tamil Nadu food expo in India Seven Vietnamese enterprises are showcasing their products at Vibrant Tamil Nadu - Global Expo & Summit 2018 in the Indian state of Tamil Nadu, which runs from August 12-15. The food and beverage expo also features nearly 200 Indian firms and representatives from 29 other nations. Several workshops on food, processed food and beverages and measures to boost the sector’s development have been held at the event, along with meetings between participating firms and state authorities. The Vietnamese enterprises discussed the possibility of signing some memoranda of understanding on cooperation in food production and processing and on investment in industrial zones with Indian partners. Bui Trung Thuong, Chief of the Vietnam Trade Office in India, briefed Indian partners on Vietnam-India economic and trade ties, the prospects of the Vietnamese food sector and opportunities for the two countries’ businesses. India ranks 27th … [Read more...] about BUSINESS NEWS IN BRIEF 16/8
Việt Nam LGBTQ visibility
Viet Nam News March 2018 was a big month for LGBTQ visibility in Việt Nam. Singer Nguyễn Hương Giang was crowned Miss International Queen at the world’s largest and most prestigious pageant for transgender women. Then the drag queens who have recently started performing at regular drag nights in Hà Nội’s Tây Hồ District made headlines around the world. “If we dare to be pioneers, soon this art will be accepted in Việt Nam,” a drag queen named Betty told Agence France-Presse. Today, it can be difficult to appreciate just how unthinkable this kind of public celebration of queerness was a decade ago. VietPride, Hà Nội’s pride festival, took place for the first time only in 2012. As recently as 2002, state-run media described homosexuality as a “social evil”. As Việt Nam’s economy has grown and globalised, attitudes have changed: while in 2001 over 80 per cent … [Read more...] about Việt Nam LGBTQ visibility
Divorce of Vietnam’s coffee royalty gives rise to a new ‘king’
Social media was abuzz in early April when the estranged wife of Vietnam’s 'Coffee King' spoke to the press for the first time about their lengthy divorce. Before the relationship took an ugly turn in 2015, Dang Le Nguyen Vu, founder and chairman of Trung Nguyen, had the country and international media in awe as his coffee brand became a household name and subsequently conquered 60 international markets. Little did the public know about Vu’s wife, Le Hoang Diep Thao, who stayed out of the limelight as she ran the company as its deputy director and minority shareholder, until Vu ousted her in 2015. What ensued has become a costly legal battle over Trung Nguyen Group’s ownership, and with charter capital of VND1.5 trillion ($65.85 million), each side is accusing the other of obstructing the company’s operations. A shot of Dang Le Nguyen Vu, CEO of Trung Nguyen Coffee. Photo courtesy of Dang Le Nguyen Vu's official Facebook fanpage The rise of Vu and Trung … [Read more...] about Divorce of Vietnam’s coffee royalty gives rise to a new ‘king’
Vietnam commits to realising GMS high-tech agriculture priority
Hanoi (VNA) – The Government of Vietnam is committed to implementing initiatives of the Greater Mekong Sub-region (GMS), including those on high-tech organic agriculture, said Prime Minister Nguyen Xuan Phuc. Prime Minister Nguyen Xuan Phuc addresses the plenary meeting of the GMS Business Summit in Hanoi (Photo: VNA) Addressing the plenary meeting of the GMS Business Summit in Hanoi on March 30, Prime Minister Phuc also pledged to create a favourable environment and put in place preferential regulations for investment in advanced technology, supporting industries and hi-tech organic agriculture. Taking advantage of Industry 4.0 Science-technology is a path to green and high-value agricultural development, Vietnamese Minister of Agriculture and Rural Development Nguyen Xuan Cuong said in his speech at an agricultural session in the framework of the GMS Business Summit. The fourth industrial revolution (Industry 4.0) presents an opportunity for … [Read more...] about Vietnam commits to realising GMS high-tech agriculture priority