Australia vietnam business council

Illustrative image (Source: VNA) Hanoi (VNA) – Foreign investors have poured 15.27 billion USD of investment in Vietnam so far this year, equivalent to 97.4 percent of the amount recorded in the same period last year, according to the Ministry of Planning and Investment (MPI). The ministry reported that as of June 20, 9.55 billion USD had been injected into 804 newly-licenced projects, up 13.2 percent year on year. Meanwhile, 4.12 billion USD had been added into 460 underway projects, a year on year rise of 10.6 percent. Foreign investors also poured 1.61 billion USD in share purchase deals in Vietnam, according to the ministry. Meanwhile, the disbursement of FDI in the period rose 6.8 percent year on year to 9.24 billion USD. Among the 18 sectors attracting FDI, manufacturing-processing lured the highest amount at 6.98 billion USD, accounting for 45.7 percent of the total investment, followed by power production and distribution with 5.34 billion USD, making up … [Read more...] about Vietnam attracts over 15 billion USD of FDI in six months

With the COVID-19 situation under control, the People's Committee of Ha Tinh Province allowed the resumption of business, commercial and service establishments and tourism sites starting from Tuesday. Barber shops on sidewalks are allowed to re-open in Hai Phong City. VNA/VNS Photo An Dang The establishments include wholesale stores, retail stores, lottery ticket sellers, accommodation facilities, restaurants, cafeterias and hair salons. Tourism sites, relic areas, scenic spots, indoor and outdoor sport training spaces, and public places are allowed to reopen, though pandemic prevention and control measures are required. If businesses or their customers violate regulations on pandemic prevention and control, their operations will be stopped and strictly handled. Inter-provincial and intra-provincial public passenger transport services, excluding pandemic-hit localities and areas, can resume if they ensure measures to ensure safety such as collecting passengers' … [Read more...] about Ha Tinh, Hai Phong, Hai Duong re-open some businesses

The 1.16 billion shares were issued to pay dividend to its shareholders. The issuance hiked its charter capital by nearly 35 percent to VND44.7 trillion($1.9 billion). The group’s charter capital has risen by 34 percent since its initial public offering on the Ho Chi Minh Stock Exchange (HoSE) at the end of 2007. It is also the enterprise with the fourth largest market capitalization on HoSE at VND230 trillion and, the highest among steel enterprises. Its HPG ticker is among the best performing stocks this year, having risen 68 percent so far. For this year, the group targets selling five million tons of steel and steel billet. It is also targeting a 33 percent year-on-year growth in both revenue and post-tax profit this year to VND120 trillion and VND18 trillion respectively. … [Read more...] about Hoa Phat charter capital highest on Vietnam stock exchange

Hanoi said freedom of expression in Vietnam is demonstrated through the media diversity and the high rate of netizens. Spokesperson Le Thi Thu Hang of Vietnam’s Ministry of Foreign Affairs affirmed that in Vietnam no one is arrested or tried just for expressing their opinions or protecting human rights. Spokesperson Le Thi Thu Hang of Vietnam’s Ministry of Foreign Affairs at the press conference on June 24. Photo: MoFA Hang made the statement at the press conference on June 24 in response to the European External Action Service (EEAS)’s Annual Reports on Human Rights and Democracy in the World in 2020 that describes Vietnam’s poor freedom of expression. She said that freedom of expression in Vietnam is clearly demonstrated through the diverse channels and the media. "In fact, more than 70% of Vietnam’s population use the Internet, domestic and international social networks." But Vietnam, like other countries, resolutely fights against acts abusing … [Read more...] about Nobody in Vietnam suppressed for protecting human rights: Spokesperson

Minister of Planning and Investment Nguyen Chi Dung (right) and EuroCham chairman Alain Cany Yesterday afternoon (June 23), an EuroCham delegation headed by chairman Alain Cany visited the headquarters of the Ministry of Planning and Investment (MPI) to discuss cooperation plans in the time to come. Cany highlighted this as an important time for Vietnam and the EU to boost the implementation of the EU-Vietnam Free Trade Agreement (EVFTA), adding that the agreement would benefit both sides. European businesses that are working in Vietnam can mobilise more investment from their partners, suppliers, and other European investors into the country, while Vietnamese businesses can approach the European and global market. The EuroCham chairman highly commended the Vietnamese government for managing the COVID-19 pandemic and believed that Vietnam would remain the leading destination for foreign investors in the time coming. However, he said that as vaccination in the country has … [Read more...] about EuroCham supports Vietname to improve competitiveness