Direct routes between vietnam and germany

President of the Ho Chi Minh National Academy of Politics (HCMA) Prof. Dr. Nguyen Xuan Thang meets State Secretary at the German Federal Ministry for Economic Affairs and Climate Action Patrick Graichen. (Photo: VNA) Berlin (VNA) – President of the Ho Chi Minh National Academy of Politics (HCMA) Prof. Dr. Nguyen Xuan Thang has been busy on his visit to Germany from May 14 – 19, with renewable energy and climate action high on his working agenda. Thang co-chaired the seventh theory dialogue between the Communist Party of Vietnam (CPV) and the Social Democratic Party of Germany (SDP), during which the two parties exchanged views on a number of both theoretical and practical matters. Discussions have placed an emphasis on Vietnam’s energy transition strategy to ensure national energy security and fulfil international commitments; developing green agriculture in Vietnam in the era of the Fourth Industrial Revolution; green growth and climate resilient models in some … [Read more...] about Renewable energy, climate action prioritised in Party official’s visit to Germany

Thang co-chaired the seventh theory dialogue between the Communist Party of Vietnam (CPV) and the Social Democratic Party of Germany (SDP), during which the two parties exchanged views on a number of both theoretical and practical matters. Discussions have placed an emphasis on Vietnam’s energy transition strategy to ensure national energy security and fulfill international commitments; developing green agriculture in Vietnam in the era of the Fourth Industrial Revolution; green growth and climate resilient models in some Vietnamese localities; and the path towards an eco-social market economy and advantages and challenges to energy transition and green agriculture development in Germany. The Vietnamese official also had a meeting with SPD Co-leader Lars Klingbeil. He spoke highly of the long-standing friendship between the two parties and the SPD’s efforts in co-hosting the seventh dialogue, and proposed both sides to further expand their relations in the coming time, contributing … [Read more...] about Renewable energy, climate action prioritized in Party official’s visit to Germany

The deal value in Vietnam by Japanese investors last year was more than triple the figure of 2020. Why has there been a sharp increase in Japanese mergers and acquisitions (M&A) deals? Masataka “Sam” Yoshida, head of the Cross-border Division of RECOF Corporation and CEO of RECOF Vietnam Co., Ltd This rise was due to an exceptional deal done by SMBC Consumer Finance, in the amount of nearly $1.38 billion, which acquired FE Credit from VP Bank. In fact, there have been several relatively big deals by Japanese investors ranging from $50-100 million every two years during the last 10 years – however, this one was by far the largest. Apart from this one, we recognise that most of the Japanese-related deals were around $5-30 million in size, which did not show any big difference from before 2020. What is M&A activity like so far in 2022 for Japanese groups here? Despite the aforementioned mega deal by SMBC, most Japanese investors had to wait until travel … [Read more...] about Japanese M&A in Vietnam on a steady track to bigger deals

Prime Minister Pham Minh Chinh meets Vietnamese in San Francisco . (Photo: VNA) San Francisco (VNA) – Prime Minister Pham Minh Chinh has lauded overseas Vietnamese ( OVs ) in general and those in the US in particular for their contributions to the homeland as well as the Vietnam-US ties. At a meeting with representatives of the Vietnamese community in San Francisco on May 17 (local time) as part of his trip to the US, Chinh noted that OVs have engaged in 376 projects in the form of foreign direct investment (FDI) with total registered capital amounting to 1.72 billion USD. Remittances to Vietnam exceed 10 billion USD each year, hitting 12.5 billion US D last year, he said, stressing that the capital has played a role in the country’s socio-economic development. The leader reiterated that the Party and the State have always regarded OVs as an integral part and an impulse for national development, which has been reflected in the institutionalisation of … [Read more...] about Prime Minister meets Vietnamese in San Francisco

Well-known groups are continuing to pour money into Vietnam specifically for research and development, Photo: Le Toan LEGO Group COO Carsten Rasmussen last week arrived in Vietnam to speed up the preparation of a $1 billion complex in the southern province of Binh Duong. At last week’s meeting with the Danish toymaker, Deputy Prime Minister Pham Binh Minh said, “This is the largest capital from a Danish group investing in Vietnam, confirming the faith and optimism of Lego, as well as the interest of other Danish investors in this country.” Fresh updates recently revealed by the Ministry of Planning and Investment that the total newly-registered foreign direct investment (FDI) into Vietnam last year amounted to $38.85 billion, up 25.2 per cent on-year, thanks to two billion-dollar projects registered at $7.7 billion and both licensed on the last day of 2021. An annual report on FDI in Vietnam released last week by the Vietnam Association of Foreign-Invested Enteprises … [Read more...] about FDI quality in need of fresh policy boost

The United Nations Development Programme (UNDP) last week again warned that the ocean is faced with increasing threats and multiple risks posed by climate change, natural disasters, environmental pollution, over-exploitation of natural resources, and unsustainable economic activities. “Global warming and marine litter are threatening marine resources, including widespread bleaching of coral reefs. Globally, an estimated 8-20 million tonnes of plastic enter the ocean every year. In Vietnam, around 2,000 tonnes of plastic waste leaks from the country into the ocean every day. It is estimated that there will be more plastic than fish in the ocean by 2050,” said Caitlin Wiesen, resident representative in Vietnam of the UNDP. The global ocean economy contributes an estimated $3 trillion per year, or about 5 per cent of the world’s GDP and comprises industries ranging from oil and gas, shipping and ports to renewable energy, fisheries, marine ecosystems and tourism. The value of the … [Read more...] about Blue economy model gathering pace