The Foreign Investment Agency said that the figure includes newly registered capital, capital contributed, and shares purchased by foreign investors, a rise of 69.1 per cent over last year’s corresponding period. Accordingly, the country has granted new investment licenses to 1,363 projects with a total of newly registered capital amounting to US$6.46 billion, an increase of 38.7 per cent in comparison to the same period last year. As many as 505 projects registered to inject additional capital totaling US$2.63 billion, up 5.5 per cent on-year. The value of capital contribution and share purchases by foreign investors reached US$7.65 billion, 2.8 times higher than seen during the same period in 2018 and accounting for 45.7 per cent of total registered capital. Notably, FDI projects were estimated to have disbursed US$7.3 billion, a slight rise of 7.8 per cent. GM_EN_PC_ARTICLE_Native_ads Foreign investors have injected their money into 19 different sectors, with the … [Read more...] about FDI in Vietnam hits record high during five month period
Support given to Vietnamese Cambodians in Kampong Chhnang
At a working session between the delegation and the Khmer-Vietnamese Association in Kampong Chhnang (Photo: VNA) Hanoi (VNA) – An inter-sectoral working delegation led by Deputy Foreign Minister and head of the State Committee for Overseas Vietnamese Affairs Nguyen Quoc Cuong has visited Vietnamese Cambodians in Phsar Chhnang ward and Chnoc Trou temporary resettlement area in Boribour district of Cambodia’s Kampong Chhnang province. The Vietnamese Cambodians are facing a range of difficulties, especially during the implementation of the Cambodian Government’s policy to relocate households living in floating houses in Tonle Sap Lake. Cuong presented gift packages, including rice and cash, to about 600 Vietnamese Cambodian households in the areas. He encouraged them to abide by the law of Cambodia, while discussing measures to seek new livelihoods for them as well as education for their children. According to the Khmer-Vietnamese Association in Kampong … [Read more...] about Support given to Vietnamese Cambodians in Kampong Chhnang
Viettel group establishes seventh subsidiary
Le Dang Dung, acting Chairman cum General Director of theViettel Military Industry and Telecoms Group, at the launching ceremony of the Viettel High Technology Industries Corporation. (Photo: VNA) Hanoi (VNA) – The Viettel Military Industry and Telecoms Group (Viettel) on May 24 established Viettel High Technology Industries Corporation (VHT), its seventh subsidiary. It focuses on the two core areas of national defence and electronics and telecommunications. The move affirmed Viettel’s development into a hi-tech industrial group with three key sectors including the defence industry, the telecommunications industry and network security. It should help the group become leader in the "Make in Vietnam" movement and in bringing technology products to the international market. Le Dang Dung, acting Chairman cum General Director of Viettel, said it targeted being in the top 10 biggest telecommunications and information businesses in the world by 2030. … [Read more...] about Viettel group establishes seventh subsidiary
Vietnamese PM meets with top Norwegian legislator
Prime Minister Nguyen Xuan Phuc (L) meets President of the Norwegian Parliament Tone Troen (Photo: VNA) Oslo (VNA) – Vietnamese Prime Minister Nguyen Xuan Phuc had a meeting with President of the Norwegian Parliament Tone Troen on May 24 (local time) as part of his official visit to Norway. Both leaders expressed their delight at the positive development of relations between Vietnam and Norway as well as between the parliaments in particular over the years. They held that Vietnam and Norway boast great potential for stronger cooperation in various areas. PM Phuc conveyed Vietnamese National Assembly Chairwoman Nguyen Thi Kim Ngan’s greetings and invitation to the Norwegian leader to visit Vietnam. Troen lauded Vietnam’s completion of the Millennium Development Goal in poverty reduction ahead of schedule, pledging that Norway will continue supporting Vietnam in the field. She said that in the coming time, the two parliaments should increase the exchange of … [Read more...] about Vietnamese PM meets with top Norwegian legislator
Korean artists present traditional lacquer art at exhibition
Black Hole, 112cm by 83cm, mother-of-pearl on Ottchil wood canvas, by Kim Sung-soo. — Photo courtesy of the artist HÀ NỘI — Sparkling lacquer paintings showing the traditional art of South Korea are on display in Hà Nội. The exhibition "Ottchil Contemporary Art" features the work of 15 contemporary Korean artists. Ottchil is the art of creating lacquer paintings with natural materials including paint and mother-of-pearl. The themes are varied including still life, landscape and abstract. The exhibition is being co-organised by the Việt Nam National Institute of Arts and Culture Studies (VICAS) and Ottchil Tongyeong Museum in South Korea. “This exhibition aims to provide an art exchange between Korea and Việt Nam,” said Bùi Quang Thắng, director of the institute. “The artists are displaying 47 ottchil works which are based on the materials, techniques, production and craftsmanship … [Read more...] about Korean artists present traditional lacquer art at exhibition