Danish investors

Permanent Deputy Prime Minister Pham Binh Minh (right) hosts a reception for outgoing Ambassador of Denmark Højlund Christensen on July 5. (Photo: baochinhphu.vn) Hanoi (VNA) – Permanent Deputy Prime Minister Pham Binh Minh on July 5 hosted a reception for outgoing Ambassador of Denmark Højlund Christensen, speaking highly of the guest's contributions to bringing green projects to Vietnam. Ambassador Christensen has left an imprint in Vietnam by pushing for Denmark -based LEGO Group to invest in Binh Duong, Minh said, adding that what makes the LEGO project special is that it will use clean energy which is well aligned with Vietnam’s priorities. He further noted that following LEGO, another Danish renowned company – Pandora – has pledged to pour 100 million USD into a jewelry-crafting facility also using renewable energy at the Vietnam – Singapore Industrial Park 3 (VSIP3) in Binh Duong. Minh expected both projects will not only pave the way for a new wave of … [Read more...] about Deputy PM hosts outgoing Danish Ambassador

From the beginning of the trading session, financial stocks, such as banks and securities, gained positively, keeping the VN-Index from falling sharply even though many sectors were flooded in the red. Banking stocks that climbed the most on the floor at approximately 3 percent were VIB, BID, TCB, CTG, and MBB. Securities stocks, like VCI, HCM, and VND, also remained in an upward trend. Besides, penny-chip stocks, like HAG, AMD, ITA, and HNG, and steel stocks, including HPG, HSG, and NKG, also went up because of vibrant trading. In contrast, energy and seafood stocks dropped sharply. Specifically, VHC declined by 4.2 percent, ACL retreated by 5.1 percent, NT2 sank by 5.6 percent, VSH slumped by 4.9 percent, and REE slid by 3.5 percent. As a result, the market still dropped slightly. Closing the morning session, the VN-Index deleted 4.5 points, or 0.38 percent, to 1,191.03 points. On the Hanoi Stock Exchange, the HNX-Index also went down by 2.04 points, or 0.73 percent, to 279.15 … [Read more...] about VN-Index loses nearly 15 points on selling pressure

At the forum (Photo: baoquocte) Quang Nam (VNA) – The central province of Quang Nam has briefed overseas Vietnamese entrepreneurs in Thailand on its investment, trade and tourism incentives well as projects calling for investments at a forum in Hoi An city on July 5. Speaking at the event, Chairman of the provincial People’s Committee Le Tri Thanh said Quang Nam now counts 195 FDI projects with total registered capital of 6 billion USD, mainly focusing on processing-manufacturing, tourism and services. Of the 30 countries and territories investing in the province, Thailand contributes four projects worth some 43.4 million USD in the fields of agriculture and processing-manufacturing, he added, stressing that the Thai firms are operating effectively and significantly contributing to local development. Vietnamese Ambassador to Thailand Phan Chi Thanh said Thailand is a big economic partner and the ninth largest investor of Vietnam with more than 600 projects valued … [Read more...] about Quang Nam lures Vietnamese businesses in Thailand

As major cities of Vietnam, Hanoi and HCMC will promote tourism in the northern and central regions of the country. The six North Central provinces need to cooperate with key localities of Hanoi and Ho Chi Minh City (HCMC) to attract more tourists and increase revenue. Lan Chau Island in Cua Lo Town, Nghe An Province. Photos: nghean.gov.vn This is key content discussed by more than 500 delegates from various ministries, international organizations and tourism businesses at a tourism forum, with the theme “Convergence of Quintessence - Enhanced Destination Experience”, held in the central province of Nghe An early this month. Nguyen Duc Trung, Chairman of Nghe An Provincial People's Committee pointed out that the forum was an event marking an important and comprehensive turning point in the cooperation between Hanoi and HCMC with the provinces of Ninh Binh, Thanh Hoa, Nghe An, Ha Tinh, Quang Binh and Quang Tri, in which Nghe An played the role of a tourism … [Read more...] about Experts look for ways to bolster tourism in North Central region

It was reported at the meeting that 47 out of the total 80 sub-items in the joint initiative have been well implemented as scheduled so far, 15 are underway, six make no progress, and work will start on 12 others in the time ahead. Do Nhat Hoang, head of the Foreign Investment Agency under the MPI, said Vietnamese ministries and agencies have coordinated with the Japanese side to implement commitments in the action plan of the initiative. Vietnam’s commitment to materialising the joint initiative manifests the government’s resolve to improve the domestic investment environment, he said. Many legal documents have been amended and adopted within the framework of the initiative, he noted, adding that Vietnamese ministries and agencies have also taken into consideration many recommendations of Japan during the consolidation process of fine-tuning laws and policies, as well as law enforcement. Envoy Okabe Daisuke from the Japanese Embassy emphasised that the two sides will continue … [Read more...] about Vietnam, Japan review joint initiative

Vietnamese Prime Minister Pham Minh Chinh talked over the phone with his counterpart from the Republic of Korea (RoK) Han Duck-soo on July 5, during which the two leaders compared notes on measures to boost the bilateral relations. PM Pham Minh Chinh (right) holds phone talks with his Korean counterpart Han Duck-soo (Photo: VNA) This was the first phone talk by the RoK’s PM with a foreign leader since he took office. Congratulating Han on his appointment as the RoK's PM, Chinh said despite global and regional uncertainties, including COVID-19 impacts, the relationship between Vietnam and the RoK has maintained its stable development pace, and the two countries have become leading important partners of each other, especially in economy, trade and investment. He affirmed Vietnam’s consistent foreign policy of independence, self-reliance, multilateralisation and diversification of relations, and being a friend, a reliable partner and an active, … [Read more...] about Vietnamese, Korean Prime Ministers hold phone talks