Bac ninh

Vietnam continues to remain an attractive investment destination in the long term. Foreign Direct Investment (FDI) commitments during the first nine months of 2021 rose by 4.4% year-on-year to US$22.15 billion, a report of the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment has shown. Production at YPE VINA in Binh Xuyen 2 Industrial Park, Vinh Phuc Province. Photo: Hoang Hung Meanwhile, the serious Covid-19 situation in southern provinces/cities has led to temporary disruption of production and a reduction of 3.5% year-on-year in FDI disbursement to around $13.28. billion. Principal Country Economist of the ADB in Vietnam Nguyen Minh Cuong said the pandemic and subsequent restriction measures are wreaking havoc on businesses as a whole, including foreign companies. Cuong, however, noted for foreign businesses, any investment decision into a country would take into account long-term considerations, and they are rarely fazed by … [Read more...] about FDI commitments to Vietnam rise nearly 5% in 9-month period

Vietnam’s tuna exports to EU see strong surge thanks to EVFTA Vietnam exported 15,870 tonnes of tuna worth 73.33 million USD to the European Union in the first half of 2021, up 39.3 percent and 31.6 percent, respectively, against the same period last year, according to a journal published by the Ministry of Industry and Trade (MoIT). The tuna shipments accounted for about 15.1 percent of Vietnam’s total seafood export value to the EU. In the second quarter of 2021, the country shipped 9,360 tonnes of tuna to this market, raking in 45.05 million USD, up 43.9 percent in volume and 59.3 percent in value from the previous quarter. The surges were attributed to tariff reductions granted to Vietnam’s tuna products under the EU-Vietnam Free Trade Agreement (EVFTA), which took effect on August 1, 2020. According to the MoIT, Vietnamese tuna was sold at 4.62 USD per kg on average to the EU in the first six months of the year, down 0.27 percent year on year. The global tuna prices … [Read more...] about VIETNAM BUSINESS NEWS SEPTEMBER 25

Ca Na Port is important for Vietnam's energy development As Vietnam has yet to deploy any liquefied natural gas (LNG) power project, Ninh Thuan has been greenlighted to select investors for its LNG Ca Na Power Centre project through international bidding. In light of the decision of Ninh Thuan People’s Committee, the provincial Department of Industry and Trade has been tasked with inviting bidders and holding the bidding to select an investor to implement the first phase of the 1,500MW LNG Ca Na Power Centre in accordance with existing regulations on bidding, particularly Article 10 of governmental Decree No.25/2020/ND-CP dated February 28, 2020. During implementation, it needs close cooperation and reach a consensus with relevant state bodies, including the Ministry of Industry and Trade, Ministry of Planning and Investment, and Electricity of Vietnam, in regards to criteria on choosing investors to ensure bonafide competition and the chosen investor can best implement the … [Read more...] about Ninh Thuan to select investors for LNG power project via international bidding

According to the organizing panel, the entries sent to the contest have comprehensively reflected activities of all walks of life of the province in 2020. Particularly in early May, when the fourth wave of the pandemic began in the province, hundreds of reporters and journalists from central and local press agencies stood side by side with the local authorities in the disease prevention and control. The organizing panel of the “Bac Giang in the front-line of the COVID-19 fight” awards received 200 entries reflecting the province’s COVID-19 fight from individuals and groups of 20 press agencies. At the ceremony, the organizing panel presented 31 “Than Nhan Trung” press awards, including two A, six B, eight C and 15 consolation prizes, to winners. In addition, the organ handed over 34 “Bac Giang in the front-line of the COVID-19 fight” prizes, including two first, four second, eight third, and 20 consolation prizes, to winning individuals and groups. Translated by Chung Anh … [Read more...] about Bac Giang authorities honor winners of local press awards

Speaking at the handover ceremony, General Dung shared difficulties of the Tay Ninh provincial authorities and people, stressing that the military will always accompany the local authorities and people in the COVID-19 fight. On behalf of the local authorities, Deputy Standing Chairman of the Tay Ninh provincial People’s Committee Vo Duc Trong thanked the Central Military Commission and the MND for the meaningful gifts. He affirmed that the gifts will be delivered to needy people, contributing to helping them stabilize their life soon. Previously, the Central Military Commission and the MND provided 20,000 sets of gifts, worth VND 6 billion in total, to the province. Translated by Trung Thanh … [Read more...] about MND supports pandemic-hit people in Tay Ninh

Preparation, communication, and execution will be key for the success of any tourism revival efforts in Vietnam, according to foreign experts. The northern province of Quang Ninh has reopened its door to domestic visitors after 84 days without any new locally Covid-19 infected cases. The move is seen as a start marking the recovery of the country's tourism service after Quang Ninh Province has completed the delivery of the first shot of the Covid-19 vaccine to all the residents while preparing the second jab program, which will be conducted soon. It will also be a steppingstone to helping the country welcome visitors from foreign countries in the future. According to Secretary of the Quang Ninh Provincial Party Committee Nguyen Xuan Ky, the province has planned to welcome back domestic visitors from other localities without reporting local transmissions within 14 days, in the last two months of this year. They are required to be fully vaccinated and take PCR tests 48 hours … [Read more...] about Vietnam to gradually reopen tourism