NDO/VNA – The Chairwoman of the National Assembly of Vietnam left the Russian city of Saint Petersburg, on October 16, as she travelled to the Republic of Kazakhstan, beginning her official visit to the country. The visit is being made at the invitation of Chairman of the Senate of the Parliament Kassym Zhomart Tokayev and Chairman of the Mazhilis (lower house) of the Parliament Nurlan Nigmatulin. The senior Vietnamese legislator earlier undertook a series of activities at the 137th Inter-Parliamentary Union Assembly (IPU-137) held in Saint Petersburg. Vietnam and Kazakhstan are members of the Vietnam-Eurasian Free Trade Agreement which came into force in October 2016. The two countries have signed numerous cooperation agreements in the fields of economy, trade and investment promotion, along with a number of memoranda of understanding. The Vietnamese and Kazakh legislative bodies have also maintained their collaboration, both bilaterally and … [Read more...] about NA Chairwoman begins official visit to Kazakhstan
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Hanoi works to attract more investment
Seminar on strengthening economic partnership between Hanoi and British enterprises Hanoi has attracted US$5.2 billion in the last two years thanks to its strengthened investment promotion activities. So far this year, investment for development has totaled US$8.6 billion. On October 10, Hanoi debuted a startup portal at Startupcity.vn as a platform to connect startups and mobilize resources from domestic and foreign investors. Chairman of the Hanoi Municipal People’s Committee Nguyen Duc Chung said “Hanoi has improved its business environment to promote startups and entrepreneurship. Tourism investment programs have been boosted. Hanoi’s Provincial Competitiveness Index has increased 10 levels to 14th out of 63 cities and provinces.” In the next three years, state budget … [Read more...] about Hanoi works to attract more investment
Ha Tinh green lights 76 investment projects
Thien Cam Beach in the central province of Ha Tinh. — Photo dttravel.com.vn Central Ha Tinh Province approved in principle 76 projects over the past nine months, including three foreign-invested projects, with combined investment capital of over US$330 million, local authorities said. Among these projects is a $55.3 million-maritime tourism complex, developed by An Giang Dragon Ha Tinh Co; a $54 million hotel and trade centre complex, financed by Viet Trung Investment Co; and another eco-tourism project, valued at $13.4 million. So far, the province is home to 740 projects, capitalised at $4.38 billion. Of them, 69 were financed by foreign investors from 15 countries and territories with capital totaling more than $11.63 billion. Japan, South Korea, Brunei and Australia, as well as the US, Thailand, Philippines and Laos, along with Singapore, Taiwan and Hong Kong, are the province’s leading sources of … [Read more...] about Ha Tinh green lights 76 investment projects
HCM City wants investment in transport infrastructure, hi-tech industry
Ho Chi Minh City prioritises investment in green hi-tech industries, urban development and transport infrastructure, said Vice Chairman of the municipal People’s Committee Tran Vinh Tuyen at an investment promotion conference held in the city on October 11. Metro line 1 Ben Thanh-Suoi Tien is one of the city's strategic projects. (Photo: tuoitre.vn) At the event, the city called for investment in 133 projects, including 73 in transport, 21 in urban improvement and resettlement housing construction, 11 in education and seven in flood reduction. Of those, the metro line 1 Ben Thanh-Suoi Tien, metro line 2 Ben Thanh-Tham Luong, a science and technology park in District 9, and the Thu Thiem 2 urban area are billed as strategic projects. In addition, export processing zones and industrial parks in the city are inviting investment in electronics, information technology, mechanical engineering, medical equipment, pharmaceutical chemistry and food. Ho Chi Minh City is targeting an … [Read more...] about HCM City wants investment in transport infrastructure, hi-tech industry
Vietnam’s 2017 GDP growth target of 6.7 percent in sight: NFSC
An electronic parts production chain at Anam Electronics Vietnam Co., Ltd (Photo: VNA) Hanoi (VNA) - The National Financial Supervisory Committee (NFSC) has anticipated that Vietnam's gross domestic product (GDP) in 2017 will be more than 6.7 percent. NFSC said the Government’s policies to improve investment climate and promote businesses posted positive results and fuelled GDP growth through increasing demand. Consumption and investment demand will increase significantly in the fourth quarter of this year once the disbursement of construction capital was stepped up, together with anticipated improving exports thanks to advantageous developments in global trade. “Following impressive growth in the second and third quarters, GDP growth will touch 7.5-7.5 percent in the fourth quarter of this year,” NFSC said in the report, adding that growth … [Read more...] about Vietnam’s 2017 GDP growth target of 6.7 percent in sight: NFSC
Slovakia’s 25th Constitution Day marked in HCM City
Participants attend the 25th anniversary of teh Constitution Day of Slovakia (Photo: VNA) HCM City (VNA) – The Ho Chi Minh City Vietnam-Slovakia Friendship Association (VSFA) and the Ho Chi Minh City Union of Friendship Organisation (HUFO) held a gathering in the city on October 8 in celebration of the 25th anniversary of the Constitution Day of Slovakia (September 1). President of the HCM city's VSFA Bui Quang Hai congratulated Slovakia on the Day and thanked the Slovakian Embassy and Consulate General in HCM City for supporting his association to promote its role of connecting local people with Slovakians. The construction of the Friendship Tower invested by the CZ Slovakia Vietnam Co., Ltd will be one of the unique symbols for the sound traditional friendship between the people of Vietnam and Slovakia. A representative of the Slovakian Embassy in … [Read more...] about Slovakia’s 25th Constitution Day marked in HCM City
Samsung looking to branch out into Vietnam’s telecoms industry
South Korean giant Samsung Electronics has expressed interest in investing in Vietnam's telecommunications industry. The electronics company's president and CEO Shin Yong-Kyun revealed the company's plan at a meeting with Prime Minister Nguyen Xuan Phuc on Friday. Since entering Vietnam 10 years ago, Samsung's total investment in the country has risen to $17 billion and it now has 29 Vietnamese partner suppliers, according to Shin. The company's factories in Vietnam are also among its largest and most modern. Samsung will export over $50 billion worth of products from Vietnam in 2017, making up more than 20 percent of the country's exports, and aims to become partners with up to 50 Vietnamese companies in the next three years, Shin said. President and CEO of Samsung Electronics Shin Yong-Kyun (L) and Prime Minister Nguyen Xuan Phuc. Photo courtesy of Vietnam Government Portal During their meeting, Prime Minister Phuc said the government … [Read more...] about Samsung looking to branch out into Vietnam’s telecoms industry
Vietnam, Algeria promote trade, investment in Biskra workshop
Algiers (VNA) – Over 50 local enterprises in tourism, and palm, rice, beverage, building materials and machinery production and business attended a workshop for Vietnam-Algeria trade and investment promotion in Biskra province on October 5. The event was jointly held by the Trade Office of Vietnam in Algeria and the chamber of commerce and industry in Biskra to give local businesses more information about Vietnam’s key export products and boost cooperation in trade and investment between the two countries. In his remarks at the conference, Vietnamese Trade Counsellor Hoang Duc Nhuan gave the attendees an overview of Vietnam’s economy and key export earners, including seafood, garment and textiles, footwear, rice, coffee, peppercorns, fruits, cashew nuts and more. He invited the local companies to join upcoming expos in Vietnam, such as MTA Vietnam Hanoi … [Read more...] about Vietnam, Algeria promote trade, investment in Biskra workshop
Can Tho to upgrade Cai Rang floating market
Can Tho City's Cai Rang Floating Market will be upgraded, with better power grid infrastructure and more piers and public restrooms (Source: VNA) Can Tho (VNA) – The Mekong Delta city of Can Tho plans to upgrade the Cai Rang Floating Market with total investment of 8 billion VND (351,840 USD), according to Pham Van Luan, deputy director of the city’s Department of Culture, Sports and Tourism. The project, which involves upgrading the power grid infrastructure on the river, building piers and public restrooms, and collecting garbage, aims to boost tourism and attract more visitors to the floating market. [Cai Rang Floating – A must-see place in Mekong Delta] In the long term, the city will call for investment in new hotels near the market. It is important to upgrade the floating market since 70 to 80 percent of domestic and … [Read more...] about Can Tho to upgrade Cai Rang floating market
Conference discusses solutions in making HCM City smart city
A corner of Ho Chi Minh City (Photo: VNA) HCM City (VNA) - The difficulties involved in developing smart cities and possible solutions were on the agenda of a conference on “General Solutions for Smart City” (Smart City 360 Degrees) held in HCM City on September 19. Speaking at the opening, Prof Dr Nguyen Ky Phung, deputy director of the city’s Department of Science and Technology, said in general a smart city is a city that uses information and communication technology to enhance quality, performance and interactivity of urban services, reduce cost and resource consumption, improve contact between citizens and the government and ensure sustainable development. In the technology-driven trend of connectivity and interaction, many technologies of Industry 4.0 have become the core technologies for a smart city, Phung, who is also director of … [Read more...] about Conference discusses solutions in making HCM City smart city
