Vsip

PM Pham Minh Chinh (R) meets with Speaker of Singaporean Parliament Tan Chuan-Jin in Hanoi on May 20 (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh received visiting Speaker of the Singaporean Parliament Tan Chuan-Jin in Hanoi on May 20, emphasising that Singapore is always one of the leading partners of Vietnam in the region. The host described his guest’s official visit as highly important to promoting the two countries’ strategic partnership. He expressed his delight that despite the COVID-19 pandemic’s impacts, bilateral trade has still been on the rise, and Singapore is the largest ASEAN investor in Vietnam with 2,866 valid projects worth 67.56 billion USD. The two sides should increase all-level mutual visits and effectively implement bilateral cooperation mechanisms and agreements, especially the Vietnam - Singapore ministerial meeting on economic connectivity. Besides, their parliaments should continue supporting connections in post-pandemic … [Read more...] about PM Pham Minh Chinh welcomes Speaker of Singaporean Parliament

Hanoi, (VNA) – The following is a brief review of the day’s events as reported by the Vietnam News Agency on May 13. -President Nguyen Xuan Phuc hosted visiting Secretary of the Lao People’s Revolutionary Party (LPRP)’s Central Committee and President of the Lao People’s Supreme Court Viengthong Siphandone in Hanoi on May 13. President Phuc affirmed that the Party, State and people of Vietnam always attach great importance to preserving and developing the special Vietnam-Laos ties, including the cooperation between the two Supreme People’s Courts. Read full story - Prime Minister Pham Minh Chinh and leaders of other ASEAN countries had a working lunch with US lawmakers in Washington D.C. on May 12 (local times), ahead of the ASEAN-US Special Summit. Participants discussed issues related to cooperation in trade, investment, people-to-people exchange, science-technology, renewable energy development, and the response to security challenges in the region and the world. Read … [Read more...] about ☕ Afternoon briefing on May 13

The 60 million pieces of jewellery will be built to LEED gold standards and the facility will be powered by 100 per cent renewable energy, creating jobs for more than 6,000 craftspeople. According to Jeerasage Puranasamriddhi, chief supply officer at Pandora Production Co., Ltd., Pandora will invest $100 million to build this new factory, which will be the company’s third manufacturing site and its first outside Thailand. “The development in Vietnam is very important for Pandora’s investment strategy,” Puranasamriddhi told VIR . The MoU will realise the goal of Pandora's $100 million crafting facility in Binh Duong province Together with the new facility in Vietnam, Pandora is also expanding its current site in Lamphun, Thailand, bringing the total investment to $160 million over the next four years. This will allow Pandora to grow its total capacity by around 60 per cent and support the company’s long-term growth ambitions. By diversifying its geographical … [Read more...] about Pandora announces plans to build $100 million facility in Vietnam

Global private equity firm Warburg Pincus has set up a joint venture with major Vietnamese real estate and infrastructure firm Becamex IDC Corp. (Becamex) to create the largest logistics and industrial real estate developer in the country, according to a statement. The JV will be called BW Industrial Joint Stock Company (BWID) and will focus on developing institutional-grade logistics and industrial properties across Vietnam. Both firms have committed US$200 million to the platform. Warburg Pincus joins Vietnamese logistics and property market. Nguyen Van Hung, Chairman of Becamex, believed that the co-operation with Warburg Pincus, a best-in-class private equity firm with deep experience in Asia, is a great opportunity, according to the company's statement. "With the transformative shift of the manufacturing base from markets like China to Vietnam as well as with the rapid rise of domestic consumption, the logistics and industrial real estate market in … [Read more...] about Warburg Pincus joins Vietnamese logistics and property market

President Nguyen Xuan Phuc (R) and Speaker of the Singaporean Parliament Tan Chuan-Jin (Photo: VNA) Bilateral trade is growing positively, with more and more Singaporean-invested projects in Vietnam, Phuc said, considering the Vietnam-Singapore Industrial Park (VSIP) model a symbol of economic collaboration between the nations. He said he wishes for further bilateral cooperation in the field of human resources training, which serves as a firm foundation for both nations’ socio-economic development. Speaker Tan, who is paying an official visit to Vietnam, said special celebration activities are earmarked for 2023, which marks the 50th founding anniversary of the countries’ diplomatic relations. On the occasion, the Singaporean Prime Minister wants to visit Vietnam, he added. Expressing impressions on Vietnam's hosting of SEA Games 31, Tan said the organisation of the region's largest sport tournament helps boost people-to-people exchange among participating nations. Telling … [Read more...] about President wishes for more Vietnam-Singapore cooperation projects

Prime Minister Phạm Minh Chính (right) meets with Speaker of the Singaporean Parliament Tan Chuan-Jin on Friday morning in Hà Nội. — VNA/VNS Photo Dương Giang HÀ NỘI — Singapore has always been one of Việt Nam's leading partners in the region. Prime Minister Phạm Minh Chính made the statement meeting with Speaker of the Singaporean Parliament Tan Chuan-Jin on Friday morning in Hà Nội. PM Chính said the visit of the Tan Chuan-Jin, which lasted from May 18 to 20, was very important, contributing to promoting the Việt Nam - Singapore Strategic Partnership to become more and more extensive and effective, especially while the two countries are looking forward to the 50th anniversary of the establishment of diplomatic relations and 10 years of Strategic Partnership in 2023. Chính congratulated Singapore on its outstanding achievements, including always leading the way in the region in catching new development trends of the world, especially in science and technology with its high … [Read more...] about Singapore one of Việt Nam’s leading partners in the region: PM Chính

Hanoi, (VNA) - The following is a list of selected news summaries last night by the Vietnam News Agency. – President Nguyen Xuan Phuc said he hopes to see more cooperation projects between Vietnam and Singapore while hosting visiting Speaker of the Singaporean Parliament Tan Chuan-Jin in Hanoi on May 19. Bilateral trade is growing positively, with more and more Singaporean-invested projects in Vietnam, Phuc said, considering the Vietnam-Singapore Industrial Park (VSIP) model a symbol of economic collaboration between the nations. Read full story – President Nguyen Xuan Phuc presented the Ho Chi Minh Awards in Science and Technology to 49 authors involved in two outstanding projects in the field of military-defence. The projects have been developed by the Military Telecommunications & Industry Corporation (Viettel). They have been recognised internationally, comprising two inventions receiving international patents, eight others patented in Vietnam and 15 reports released … [Read more...] about ☀ Morning digest on May 20

Bilateral trade is growing positively, with more and more Singaporean-invested projects in Vietnam, Phuc said, considering the Vietnam - Singapore Industrial Park (VSIP) model a symbol of economic collaboration between the nations. He said he wishes for further bilateral cooperation in the field of human resources training, which serves as a firm foundation for both nations’ socio-economic development. Speaker Tan, who is paying an official visit to Vietnam, said special celebration activities are earmarked for 2023, which marks the 50th founding anniversary of the countries’ diplomatic relations. On the occasion, the Singaporean Prime Minister wants to visit Vietnam, he added. Expressing impressions on Vietnam's hosting of SEA Games 31, Tan said the organization of the region's largest sport tournament helps boost people-to-people exchange among participating nations. Telling his host about a memorandum of understanding between the Vietnamese and Singaporean parliaments, the … [Read more...] about President wishes for more Vietnam – Singapore cooperation projects

The positive growth prospect of the Vietnamese economy after the pandemic attracted investors and created conditions for the industrial real estate market to be robust in the first months of this year. - VNA/VNS Photo VSIP Group, at the end of March, started the construction of the VSIP 3 Industrial Zone, which covered more than 1,000 hectares in Hoi Nghia Commune, Tan Uyen Town and Tan Lap Commune, Bac Tan Uyen District, Binh Duong Province To date, the industrial zone attracted more than 30 companies, both domestic and foreign, to study the production opportunity, with an expected total investment of around US$1.8 billion. Recently, the Dai An Urban – Industrial Zone Development Corporation Joint Stock Company and Indian partners signed a cooperation agreement for developing a 960-hectare pharmaceutical park project worth around $10-12 billion in Hai Duong Province. The park was expected to be where famous pharmaceutical companies in the world gathered for research and … [Read more...] about Large industrial zones set up to attract FDI