Raising investment capital

Delegates cut ribbon to open Hue Festival Trade Fair (Photo: VNA) Thua Thien-Hue (VNA) – A trade fair within the framework of the 2022 Hue Festival opened in the central province of Thua Thien-Hue on June 24 evening, offering a good chance for businesses in the province and other localities nationwide to step up trade promotion and investment cooperation . Vice Chairman of the provincial People's Committee Phan Quy Phuong said that, after 10 editions since 2000, the Hue Festival Trade Fair has gradually affirmed its position and professionalism and improved in terms of quality and the number of participants. It has created a change in the “Vietnamese people prioritise Made-in-Vietnam product” movement and created a push to promote and expand export markets, and increase competitiveness in the international economic integration, added Phuong. This year’s fair comprises over 350 booths of more than 200 enterprises showcasing agro-forestry-aquatic products, … [Read more...] about Hue Festival Trade Fair connects Vietnamese localities

The president of the Korean Chamber of Commerce in Vietnam (KOCHAM) has asked the Ho Chi Minh City government to assist South Korean enterprises in alleviating their cost burden in the current difficult period. KOCHAM President Shon Young Il made the request at a dialogue session between the city government and South Korean enterprises, held on Friday by local authorities in coordination with the Consulate General of South Korea in the southern metropolis. Speaking at the event, chaired by the municipal People’s Committee chairman Phan Van Mai, the KOCHAM leader said Korean businesses are facing a lot of pressure while trying to recover from the COVID-19 pandemic and cope with impacts caused by the ongoing Russian-Ukraine military conflict and the inflation risk. Therefore, he hopes that the Ho Chi Minh City administration can support Korean businesses in reducing their cost burden in this tough period. Specifically, local authorities should assist Korean businesses in solving … [Read more...] about S. Korean firms in Ho Chi Minh City seek help to ease rising cost burden

At the event (Photo: VNA) HCM City (VNA) – Investors from the Republic of Korea (RoK) in Ho Chi Minh City are facing a number of bottlenecks related to labour regulation and administrative procedures that need to be promptly removed, heard a June 24 dialogue between the municipal leaders and the business community. The collection of seaport infrastructure fees was also pointed to by many participating businesses. From April 1, 2022, all container vehicles entering and leaving the city’s Cat Lai port have to pay an additional fee for using seaport infrastructure. Korean firms proposed the establishment of a monthly gross payment process and a reduction of the fee, given their difficulties from increased logistics costs. Phan Van Mai , Chairman of the municipal People’s Committee, said the southern economic hub is working to recover after two years affected by the COVID-19 pandemic. Such recovery sees a significant contribution of the business communities, including … [Read more...] about HCM City works to clear hurdles for RoK investors

Dong Nai province currently has three enterprises investing in five projects in Cambodia. Since 2021, Dong Nai has provided 36 full-ride scholarships for Cambodian students. Every year, the province conducts meaningful activities to celebrate the Chol Chnam Thmay Festival for Cambodian students, among others. At the reception, Consul General Sok Dareth spoke highly of the investment efficiency of Dong Nai’s firms in Cambodia, hoping that the province will continue coordinating closely with Cambodia’s provinces in various fields, particularly agriculture, industry, culture, education, and promoting exchange programs among the two countries’ students and youths. The consul general asked Dong Nai province to enhance all-level delegation exchanges to further tighten the solidarity and friendship between Vietnam and Cambodia in the coming time. Translated by Quynh Oanh … [Read more...] about Dong Nai boosts cooperation with Cambodia’s provinces

Khai congratulated the Cambodian Government on the important achievements obtained under PM Hun Sen’s leadership, especially the success in COVID-19 containment and socio-economic reopening and recovery. Men Sam An, who is also Minister of the National Assembly - Senate Relations and Inspection of Cambodia, Vice President of the Cambodian People’s Party, and Chairwoman of the Cambodia - Vietnam Friendship Association, expressed her honor to represent the Cambodian Government to attend and deliver remarks at the ceremony marking the 55th founding anniversary of the countries’ diplomatic ties held in Hanoi earlier the same day. Saying she is impressed with Vietnam’s all-round attainments over the past years, she expressed her belief that under the clear-sighted leadership of the Communist Party of Vietnam, the Vietnamese Government and people will continue reaping more successes in national reforms and development and unceasingly promoting Vietnam’s stature in the international … [Read more...] about Deputy PMs agree on measures for strengthening Vietnam-Cambodia links

Nguyen Anh Duong, Director of the Hanoi Promotion Agency (HPA) – the organiser of the event (Photo: VNA) Hanoi (VNA) - A festival promoting the sale of farm produce and handicrafts, recognised by the One Commune One Product (OCOP) programme, in association with tourism opened in Hanoi on June 24 evening. Speaking at the opening ceremony, Nguyen Anh Duong, Director of the Hanoi Promotion Agency (HPA) – the organiser of the event, said that the festival is an opportunity for businesses to popularise their brands, products, and agricultural models associated with ecotourism to visitors and consumers in the capital city, thus contributing to improving brand value, preserving traditional craft villages, and diversifying OCOP products associated with local tourism. Delegates cut ribbon to kickstart the festival (Photo: VNA) The festival comprises 73 booths, including 20 of businesses from other localities across the country. Many activities held on the … [Read more...] about Festival on OCOP products associated with tourism underway in Hanoi

The black-and-white photos capture Minh’s impression of the people, rhythms of life and unique cultural features of Hanoi. Readers will feel his sense of humor through his unique perspectives and witty captions accompanying each photo. Minh returned to live in the capital city a year and a half ago and has since taken more photos of local life. The photos in the book were taken entirely with Minh's iPhone. The book is available in three languages, Vietnamese, English and Italian, with writer Paola Boncompagni doing the Italian translation. Minh is a Vietnamese-American who served as a diplomat for the United Nations. He used to work in Madagascar, Bhutan, Nepal, Siri Lanka, Madrid, Myanmar, and Laos. He currently lives in Hanoi. All proceeds from Hanoi Hanoi will be presented to Agent Orange/dioxin victims in Vietnam./. VNA … [Read more...] about Daily life in Hanoi captured by former UN diplomat

Van Don - Mong Cai Highway under construction (Source: baoquangninh.com.vn) Quang Ninh (VNA) – The Van Don - Mong Cai highway, which is scheduled for completion and operation on June 30, aims to create favourable conditions for the northeastern province of Quang Ninh to make breakthrough developments and promote economic links in the region. Nguyen Tien Oanh, Director of the Executive Board of the highway project (the Tien Yen - Mong Cai section), said it has taken time to complete this section – which extends from Bach Dang bridge to the Mong Cai international border gate , because of difficulties caused by the COVID-19 pandemic and other reasons. However, the foundation of the sector has been basically completed and is entering the finishing stages, he said. According to representatives from the Ministry of Transport, the Van Don - Mong Cai highway, which is part of the Hanoi - Quang Ninh highway, plays a strategic role for the socio-economic development of Quang … [Read more...] about Van Don – Mong Cai highway: new launch pad for Quang Ninh’s economic growth

As more Vietnamese are seeking air travel services this summer, air ticket prices have increased as airlines are grappling with surging fuel costs and staffing challenges. Prices for flight tickets on many domestic routes operated by Vietnam’s five major carriers went up 20-40 percent for the last week of June compared to two months ago, according to an analysis by Tuoi Tre (Youth) newspaper. Airfares for international flights to and from Vietnam also soared 20-35 percent compared to pre-pandemic rates, according to a representative of Transportation Services Company (Worldtrans), a Vietnamese air charter provider. Dang Anh Tuan - head of communications of Vietnam Airlines, Vu Duc Bien - general director of Vietravel Airlines and other airline representatives all blamed rising fuel prices for the airfare spike. Fuel costs account for 30-40 percent of an airline’s total expenses, according to the International Air Transport Association (IATA). As fuel prices rise, airlines … [Read more...] about Airfares surge as domestic and int’l travel rebounds, fuel prices skyrocket