Investing

Viet Tri city of Phu Tho province (Photo: phutho.gov.vn) Phu Tho (VNA) – Phu Tho province’s efforts to improve its business and investment environment have paid off evidenced by the fact that the northern midland locality has attracted many important projects which are expected to help open up more socio-economic development opportunities. Phan Trong Tan, Vice Chairman of the provincial People's Committee, said to promote socio-economic development , the Party Delegation to the provincial People's Committee proposed 19 key projects for 2022, of which 15 are transited and four are new; and at the same time set out specific tasks and solutions for each project in the coming time to ensure their progress. To that end, right from the beginning of this year, the committee started directing departments and localities to work out specific plans, consider and fulfil procedures related to investment, land and construction. Developed transport infrastructure in Viet Tri … [Read more...] about Phu Tho’s efforts to better business, investment climate pay off

A corner of Phu Quoc (Photo: VNA) Hanoi (VNA) – Attracting large capital for urban development is essential for Phu Quoc city, which houses Phu Quoc island – Vietnam's largest off the southern province of Kien Giang, serving its diverse and sustainable growth after years of investing in the entertainment-resort tourism industry. A survey by the Vietnam Institute of Real Estate Studies ( VIRES ) showed that, in the past 3-5 years, over 90% of investors participated in the market’s tourism-resort realty segment. However, at the moment, the focus of investment has shifted to urban projects boasting transparent legality, with over 60% of investors interested in this segment. The vast majority of them chose long-term investment, expecting that the projects’ prices will increase many times in the coming years. Vice president of VIRES Pham Nguyen Toan noted Phu Quoc is gradually transforming itself into a profitable investment and settlement destination. He also singled out … [Read more...] about Phu Quoc welcomes increasing investment in urban development

An express train in Europe. (Photo: VietnamPlus) Hanoi (VNA) – The Ministry of Transport will submit to the Politburo for consideration an investment policy for the construction of a North-South express rail link, which would cost up to 58.71 billion USD, this September. The ministry has been conducting numerous studies on the scheme since 2005. The ministry has consulted various ministries, central organisations, experts and scientists to develop and revise the pre-feasibility report for the project. It has asked for written agreement from 20 cities and provinces where the railway will pass through. A State Appraisal Council has also been established by the Government in 2019 to assess the pre-feasibility report, given that it is an unprecedentedly large project. The 1,435mm dual gauge railway will be around 1,545km in length, running through 20 cities and provinces, including Hanoi, Da Nang and Ho Chi Minh City. It will start at Hanoi’s Ngoc Hoi Station and … [Read more...] about North-South express railway to seek Politburo’s approval

Double digit export growth According to the Hanoi People’s Committee, the export turnover of goods in June 2022 reached about US$1.517 billion, up 6.8 percent from May 2022 and 17.5 percent from June 2021. In the first half of this year, the commodity exports turnover reached US$8.3 billion, up 17.1 percent over the first half of 2021. Some key items with increased export turnover in this period included textile and garment, reaching US$1.22 billion, up 29.6 percent; computer components and peripherals, US$1.072 billion, up 20.2 percent. The total import turnover of goods hit US$3.675 billion in June and US$20.5 billion in the first six months of 2022, the latter of which is 24.5 percent higher than the same period in 2021. Among the items of highest value were machinery, equipment and spare parts reaching US$2.996 billion, down 5.6 percent; petroleum US$2.934 billion, 2.8 times higher than the same period in 2021; computers, electronic goods and components at US$1.535 … [Read more...] about Hanoi helps firms implement trade deals

The Association of Vietnamese in Malta will contribute to developing friendship and cooperation between the two countries. The Association of Vietnamese in Malta was established on August 14, debuting its executive committee. Vietnamese in Malta. Photo: Vietnamese community in Malta Speaking at the ceremony, Vietnamese Ambassador to Italy Duong Hai Hung expressed his pleasure to join and witness the establishment of the Association of Vietnamese in Malta, an important event in the life of the Vietnamese community in that country. The ambassador affirmed the policy of the Vietnamese Party and State to pay attention to Vietnamese abroad. Guidelines and policies aimed at Vietnamese abroad have been increasingly improved, especially Politburo Conclusion No. 12 on work related to Vietnamese expatriates in the new situation. Ambassador Hung said the association will gather the Vietnamese community in Malta, and protect their legitimate rights and interests. It … [Read more...] about The Association of Vietnamese in Malta established

Cooperation between Hanoi and Vientiane remains an example of the long-standing and special relations Vietnam-Laos. Hanoi and Vientiane have been taking steps to bolster economic ties during the Vietnam-Laos 2022 Solidarity and Friendship Year. Overview of the “Hanoi-Vientiane Cooperation for Development” investment, trade, and tourism conference. Photo: The Hanoi Times At the investment, trade, and tourism conference titled “Hanoi-Vientiane Cooperation for Development” on August 10, Vice Chairman of the Hanoi People’s Committee Nguyen Manh Quyen noted the cooperation between Hanoi and Laos’ provinces in general, and with Vientiane in particular, have been progressing in all spheres, including priority fields of economy, healthcare, education, agriculture, military, and people-to-people exchange. Echoing Quyen’s view, Vice Director of the Hanoi’s Department of Planning and Investment Nguyen Ngoc Tu added since 2004, Hanoi has been funding several projects to … [Read more...] about Hanoi – Vientiane bolster economic ties