At the opening ceremony of Vietnam - Japan cultural exchange festival 2018 (Source: VNA) In his opening remark, Deputy Foreign Minister Bui Thanh Son highlighted the fruitful development of the Vietnam-Japan diplomatic ties in all spheres over the past 45 years, affirming that the two countries have created mutual trust among their senior leaders, ministries, sectors and peoples. The recent State-level visit to Japan by President Tran Dai Quang has contributed to the ushering in a new development period for the friendship and cooperation between the two nations. Son stressed that Japan is now the largest provider of official development assistance (ODA), and a top partner of Vietnam in accelerating industrialization and modernization. Japan is also the second largest investment, third biggest tourism and fourth trade partner of Vietnam now, he added, noting that Vietnam is an attractive destination for Japanese investors. People-to-people exchanges … [Read more...] about Da Nang hosts Vietnam – Japan cultural exchange festival
Why culture is important in international business
The leaders agreed that businesses play the decisive role in the city’s future sustainable development and sought their ideas and measures to address current problems facing the city. Representatives of businesses pointed out insufficient infrastructure at industrial parks, saying it has yet met the demand of investors, especially small and medium-sized ones. They also mentioned the lack of labour force in industrial production, inadequate investment in public transport, and the need to speed up the administrative procedures in the field of land, taxation and customs. They proposed developing specialized industrial clusters, attracting investment into hi-tech industrial park, boosting environmentally friendly tourism, and contributed ideas relating to healthcare, education, high technology, trade, hi-tech agriculture, and start-up. Truong Quang Duoc, Secretary of the municipal Party Committee, spoke highly of the business community’s contributions to … [Read more...] about Da Nang seeks to businesses’ ideas for growth
Hefty investments Among 70 countries and territories in which Vietnamese have investments, Laos, Cambodia and Myanmar are the three biggest target markets. Laos is the biggest FDI recipient from Vietnam, having accepted $5 billion worth of registered investments. In January 2017, Viettel received an investment license for setting up a telecom network in Myanmar – Mytel. BIDV in 2016 got a license to set up a branch in Myanmar – BIDV Yangon with charter capital of $85 million. The dairy factory Vinamilk built in Cambodia became operational in 2016, while the Vietnam Rubber Group began processing rubber latex in 2015. Hoang Anh Gia Lai Group is one of the biggest outward investors. In addition to a series of projects on agriculture production in Laos, in 2015 built the Attapeu international airport worth $36 million and HAGL Center worth $550 million in Myanmar. In 2016, it kicked off the second phase of HAGL Center and joined forces with Melia Hotel to run a … [Read more...] about How are Vietnamese businesses performing in Laos, Cambodia, Myanmar?
Thu Thiem church complex on Thu Thiem peninsula in HCM City’s District 2 (Photo: VNA) HCM City (VNS/VNA) - The Thu Thiem Catholic Church complex will be preserved as a national relic under the Cultural Heritage Law, an official said at a meeting in Ho Chi Minh City on November 12. The complex, which includes a number of buildings, will be protected in accordance with the 2001 Cultural Heritage Law and other related legal documents, according to Huynh Thanh Nhan, Director of the municipal Department of Culture and Sports. Speaking at the meeting on historic preservation held by the municipal People’s Council, Nhan said the decision would affect the city’s planning of the Thu Thiem new urban area project in District 2 since the complex is located within the area. Previously, the city government had planned to clear all of these works to build a functional area in the new urban area, but decided to preserve them in early February. But it did not issue a detailed … [Read more...] about Thu Thiem Catholic Church to be preserved as national relic
Illustrative photo (Photo: VNA) HCM City (VNA) – The atmosphere of a traditional Tet (Lunar New Year) will be nudged closer to both Vietnamese and foreigners at the Tet Festival, which is scheduled to take place in Ho Chi Minh City from January 3-5, 2020. The municipal Department of Tourism said at a press conference on November 13 that the festival, the first of its kind in the city so far, will feature important rituals of the Vietnamese traditional Tet, including a ceremony to erect Cay Neu (a tall bamboo tree), making offerings to ancestors, a ceremony to welcome Giao Thua (New Year’s Eve), and “Chuc Tet” (New Year greeting). Visitors to the festival will have the chance to experience Tet typical dishes as well as staples of the northern, central and southern regions, while engaging in several folk games such as tug of war and can knockdown. Trays of traditional dishes for Tet will be prepared by talented chefs who attended the Top Chef Vietnam 2019. … [Read more...] about Ho Chi Minh City to hold first-ever Tet festival