What is An Giang expecting from the upcoming conference? Chairman of the An Giang People’s Committee Vuong Binh Thanh This is the largest investment promotion conference of its kind to ever be held in An Giang, and local leaders have thus set a very clear goal. It will be the place to showcase the potential of the province, as well as preferential funding policies, serving as a basis for upcoming activities. The conference will create a direct channel for international investors and organisations to meet provincial leaders. It will also help support and promote activities through collaboration and connection between the province and domestic and foreign enterprises, as well as provide these businesses with information and lists of projects seeking investment in An Giang. Along with this, we will consider to grant in-principle approvals to a number of large-scale investment projects. Most of these will be implemented in 2019, as they have met the conditions. The projects … [Read more...] about An Giang opens the doors to attract further investment
Open the doors
Vietnam ready to open its door for Belgian and EU investors
Prime Minister Nguyen Xuan Phuc gives a speech at the Vietnam EU-Belgium Business Forum. The event, jointly held by the Vietnam Chamber of Commerce and Industry (VCCI), Belgian Vietnamese Alliance, embassies and trade offices of Vietnam and Belgium, brought together Chairman of the Belgium – Vietnam Friendship Alliance Andries Gryffoy, leaders from several Vietnamese ministries and sectors along with nearly 200 business representatives from both nations. In his remarks, Andries Gryffoy said the involvement of roughly 200 Belgian, Vietnamese and EU businesses in the forum showed their intense interest in seeking opportunities for business cooperation. The participating businesses- are seen as potential investors for Vietnamese enterprises- operate in a wide range of areas such as health, real estate, green energy, food, beverages, and seaport infrastructure. Belgium has a business-friendly government, dynamic research environment, international standard education system … [Read more...] about Vietnam ready to open its door for Belgian and EU investors
FDI gives wings to the banking sector
Local banks’ attractiveness to investors remains limited due to strict FOLs, Photo: Le Toan FDI and its magic wand Pham Hong Hai Vietnam has been welcoming foreign direct investment (FDI) inflows since 1988, following the issuance of the Law on Foreign Investment by the National Assembly at the time – a time when foreign investment was a rather effective form of international economic co-operation for developing countries. The law created an improved legal framework and opened the doors to foreign funds. After some 30 years of rises and falls, the country has indeed succeeded in attracting FDI, despite the fact that there has been a time when foreign investments did not live up to their full potential. Take a closer look at the backbone of the economy: in the finance and banking sector, we see an area that is growing more and more important and, with the potential of an economy consisting of over 96 million people, it has caught the attention of many foreign … [Read more...] about FDI gives wings to the banking sector
Residents of hurricane-hit US town start to pick up the pieces
At the confluence of the Neuse and Trent rivers, where several hundred people were rescued from flood waters, uniformed national guardsmen tour an area to provide assistance. "Do you need anything?" one asks. "Power!" a weary young woman replies. Clint Hawkins and Jenny Baras accept food and water. They did not imagine living such a "nightmare" when they moved from New York to North Carolina. "It's our first hurricane. The wind was quite strong, some branches went down. But we were mainly affected by the flooding. The water started to rise even before the hurricane was here," Baras said. She shows photos taken the day before on her phone: "Do you see the red car over there? It was completely covered with water." Debris litters the ground around their modest red brick home and neighbors have left wet mattresses and sofas on the sidewalk, but the young couple had time to climb upstairs before the water came. "We're now waiting for the power to come back to give it a deep clean," said … [Read more...] about Residents of hurricane-hit US town start to pick up the pieces
Passenger fined for opening plane emergency exit
A Vietnamese male passenger has been fined for VND2 million (USD90.87) for opening the exit door of an aircraft. The incident happened on a flight of budget carrier Jetstar Pacific on the Dalat-Hanoi route. The man opened the door when the flight was going to take off. This was detected by the flight crew thanks to warning lights. An aircraft of Jetstar Pacific The carrier had to arrange technicians to check the aircraft to avoid possible issues, which caused the flight to be 40 minutes late. Many passengers have opened emergency exit doors on Vietnamese airlines’ flights, including those who did it by mistake. For instance, a Taiwanese passenger on Vietnam Airlines’ flight on Kaohsiung-HCM City route attempted to open an emergency exit door when he wanted to go to the toilet. But that was by mistake. The highest fine for the violation is VND15 million (USD660). … [Read more...] about Passenger fined for opening plane emergency exit