Investments best australia

ASEAN Secretary-General Dato Lim Jock Hoi (R) and Australian Ambassador Will Nankervis show the signed MoU. (Photo: asean.org) Jakarta (VNA) - ASEAN Secretary-General Dato Lim Jock Hoi and Australian Ambassador to ASEAN Will Nankervis have signed a memorandum of understanding on the Australia for ASEAN Futures Initiative (Aus4 ASEAN Futures Initiative). In his remarks at the signing ceremony, Lim said not only does it intend to address complex regional challenges such as health security, along with promoting the circular economy, the Aus4ASEAN Futures Initiative will also support the practical implementation of the ASEAN Outlook on the Indo-Pacific and enable greater support for cross-sectoral initiatives across all three ASEAN Community pillars. This expansion includes the ASEAN Political Security and the Socio-Cultural Communities, as well as the ASEAN Economic Community supported under Australia for ASEAN – Economic and Connectivity, the successor programme to the … [Read more...] about MoU on Australia for ASEAN Futures Initiative signed

Representatives of the three provinces sign agreement at the conference The conference was organized to further promote cooperation in investment, trade, tourism, labor and communication among the three provinces in the new situation. At the same time, it also tightened the friendship and cooperation for mutual development between the three provinces in particular and the three countries in general; thereby, contributing to promoting the development of the East-West Economic Corridor and building a stronger and stronger ASEAN community. At the conference, the parties signed the Memorandum of Understanding on cooperation between the three provinces between 2022 through 2023 in all fields of trade, investment, tourism, labor and communication particularly focusing on strengthening the implementation of the agreement. At the same time businesses and investors in their provinces are encouraged to connect for finding investment opportunities and implementing development programs and … [Read more...] about Conference on trade, investment, tourism cooperation between VN, Lao, Thailand

Strong recovery According to data from the Hanoi Statistics Office, the index of industrial production (IIP) in the first five months of 2022 grew an estimated 6.4 percent over the same period last year. Realized investment capital from the state budget managed by localities during the reviewed period was estimated at VND15.5 trillion, up 2.3 percent over the same period last year and reaching 30.5 percent of the year plan. Hanoi’s industrial production increased in the first five months of 2022 In the first five months, the city attracted US$703 million from foreign-invested enterprises, up 35.4 percent year on year. Of these, the city granted certificates to 129 newly registered projects with capital of US$96 million; 69 other projects added investment capital of US$216 million; while 146 foreign investors contributed capital and bought shares worth US$391 million. Export turnover of commodities during this period was estimated at US$6.908 billion, up 18.8 … [Read more...] about Hanoi strives to speed up investment disbursement to fuel recovery

Defence Minister Gen. Phan Van Giang (fifth from right), Australian Ambassador Robyn Mudie (fourth from left), and other officials at the meeting on June 24 (Photo: VNA) Hanoi (VNA) – Minister of National Defence Gen. Phan Van Giang received outgoing Australian Ambassador to Vietnam Robyn Mudie in Hanoi on June 24, highly valuing the latter’s contributions to the two countries’ strategic partnership in multiple aspects, including defence cooperation. He thanked the Australian Government and people for donating over 22 million COVID-19 vaccine doses to Vietnam, and the Australian Department of Defence for providing medical supplies worth 1.5 million AUD (1 million USD) for its Vietnamese counterpart to support the pandemic fight. The host official also appreciated Australia’s assistance for Vietnam’s UN peacekeeping force, especially in the transportation of level-2 field hospitals to the mission in South Sudan. Such flights not only helped Vietnam deploy its … [Read more...] about Minister appreciates ambassador’s contributions to Vietnam-Australia defence ties

Volunteers picked up trash, mostly plastic-based, on the beach of Giao Hải Commune, Giao Thuỷ District, the northern province of Nam Định. — VNA/VNS Photo Văn Đạt HÀ NỘI — Australian scientists will deliver new innovations to tackle plastic waste in the Indo-Pacific, with a Plastics Innovation Hub being launched in Việt Nam , according to the Australian Embassy in Việt Nam. Globally, 75 per cent of plastic produced becomes waste. To help address this, the Plastics Innovation Hub Việt Nam aims to significantly reduce plastic waste through key stakeholder collaborations and science and innovation excellence. It is an initiative of Aus4Innovation Program, an official development assistance programme sponsored by Australia’s Department of Foreign Affairs and Trade, managed and co-funded by CSIRO, Australia’s national science agency, out of the Australian Embassy in Hanoi, and delivered in strategic partnership with Việt Nam's Ministry of Science and Technology. The hub is … [Read more...] about Australia to launch new Plastics Innovation Hub in Việt Nam

According to ICAEW, Vietnam was able to bounce back quite quickly in 2021 as compared to the rest of the region. With the easing of restrictions from last year’s fourth quarter that carried over to this year’s first quarter, there has been a significant recovery in its services sector driven by domestic tourism. Additionally, there should be a boost on the international tourism front as travellers return to Vietnam. Realised foreign direct investments inflow into Vietnam this year should provide support for construction and labour and also improve export capacity, which still remains healthy. It was noted that Vietnam was not particularly affected by the Delta variant wave, and hence did not experience large lockdowns that impacted its economy as much as Malaysia and the Philippines did. The economic recovery path chartered across Southeast Asia has been uneven and must now contend with rising external headwinds from outside the region. Despite that, an average … [Read more...] about Vietnam’s GDP growth forecasted to hit 6.5 per cent in 2022

In the framework of the conference, investors raised many questions about the procedures for receiving investment licences, investment opportunities, and solutions to deal with difficulties, and all of them received satisfactory answers. The organising board also organised two press corners to clarify more information about the strengths of the provinces and the efforts to reform policies. Speaking at the conference, Hoang Thi Thuy Lan, Secretary of Vinh Phuc Party Committee said that direct investment projects and projects from Japanese investors contributed an important role in fostering the province’s socioeconomic growth, simultaneously laying the foundation for tightening the relationship between the two countries. “The investments of Toyota and Honda in Vinh Phuc, which were two of the first Japanese investors, established a solid foundation for the economic cooperation between the province and Japan. The two parties expanded the cooperation to other sectors, such as trade, … [Read more...] about Vinh Phuc attracted 700 delegates to conference on Vietnam-Japan ties

An automobile assembly line of Toyota Vietnam in the northern province of Vĩnh Phúc. Vĩnh Phúc is an important part of the global supply chain of Japanese enterprises. — Photo baovinhphuc.com.vn VĨNH PHÚC — Vĩnh Phúc Province always views Japanese localities and businesses as leading partners in its development progress, said Hoàng Thị Thúy Lan, Secretary of the provincial Party Committee. Lan made the statement at a conference held in the northern province of Vĩnh Phúc on Thursday with a view to reinforcing the northern province’s cooperation with Japanese localities and investors. The conference attracted the participation of nearly 700 delegates both online and offline from the two countries. Highlighting their long-standing and expanding cooperation, she said Vĩnh Phúc's official co-operative relations were set up with Japan’s Akita prefecture in March 2015, and Tochigi prefecture in December 2021, which have created important prerequisites for boosting bilateral … [Read more...] about Vĩnh Phúc Province seeks stronger links with Japan

Vietnam has high regional growth prospects, predicted at more than 6.5% in 2022. (Infographic by Oxford Economics) Hanoi (VNS/VNA) - The economic recovery across the South-East Asian region has been uneven and must now contend with rising external headwinds from outside the region. Vietnam is predicted with a high growth prospect in the region, at more than 6.5% in 2022, 0.7% higher than the average growth of 5.8% for the whole region. This was a key finding from the Economic Forecast presented by the experts at the Institute of Chartered Accountants in England and Wales (ICAEW) Economic Insight Forum Q2. Vietnam was able to bounce back relatively quickly in 2021 compared to the rest of the region. With the easing of restrictions from last year’s Q4 that carried over to this year’s Q1, there has been a significant recovery in its services sector driven by domestic tourism. With the current endemic phase, there should be a boost on the international tourism front as … [Read more...] about Vietnam’s growth to rise by 6.5% in 2022: ICAEW

An automobile assembly line of Toyota Vietnam in the northern province of Vinh Phuc. Vinh Phuc is an important part of the global supply chain of Japanese enterprises. — Photo baovinhphuc.com.vn Vinh Phuc Province always views Japanese localities and businesses as leading partners in its development progress, said Hoang Thi Thuy Lan, Secretary of the provincial Party Committee. Lan made the statement at a conference held in the northern province of Vinh Phuc on Thursday with a view to reinforcing the northern province’s cooperation with Japanese localities and investors. The conference attracted the participation of nearly 700 delegates both online and offline from the two countries. Highlighting their long-standing and expanding cooperation, she said Vinh Phuc's official co-operative relations were set up with Japan’s Akita prefecture in March 2015, and Tochigi prefecture in December 2021, which have created important prerequisites for boosting bilateral partnerships in many … [Read more...] about Vinh Phuc Province seeks stronger links with Japan