Foreign investment in south africa statistics

A corner of the Vietnam-Singapore Industrial Park 1 (VSIP1) in Thuan An, Binh Duong. (Photo: VNA) Binh Duong (VNA) – Binh Duong posted a highest-ever trade surplus of around 6.3 billion USD in the first half of 2022 as its foreign trade has witnessed quick recovery since the beginning of this year on the back of the recovery of global production and supply chains. The southern province generated nearly 19 billion USD from exports and spent some 12.7 billion USD on imports, according to head of the provincial Statistics Office Ngo Van Mit. Its largest market in H1 was the US which imported about 6.4 billion USD worth of goods and services from Binh Duong, followed by the EU (2.2 billion USD), the Republic of Korea and Japan (over 1.8 billion USD), and Taiwan (China) (over 1.4 billion USD). Binh Duong reported a quite impressive growth of 6.84% in Gross Regional Domestic Products (GRDP) during the period; with industry and construction expanding 7.58%; services 6.60%, and … [Read more...] about Binh Duong enjoys record-high trade surplus in H1

According to Berly D. Alvarez, chairman of the Philippines’s Kaunlad Lending Investors Corporation and a speaker at the 2018 Horasis Asia Meeting held recently in Binh Duong province, Vietnam’s ability to attract FDI is due to its consistent economic reform, a young and increasingly urbanized population, affordable labor, constant improvements to its business climate, and political stability. The fact that it hosted the 2017 APEC meetings highlights its regional economic integration and steadily improving business climate, he added. Vietnam has been attracting investment in infrastructure, including power projects, road and rail construction and renewable energy. Don Lam, CEO of VinaCapital, said Vietnam’s economy remains strong with 6.6 percent growth targeted next year, inflation remaining under control and manufacturing expanding. “More foreign investment is expected to flow into Vietnam in the coming time.” Pakpoom Vallisuta, chairman of The Quant Group Corporation, a … [Read more...] about Vietnam a regional FDI magnet say experts

HCM City’s ports handled 164 million tonnes of goods in 2021, higher than the target for 2030. — Photo tuoitre.vn HCM City is seeking to build a US$6-billion international container terminal in its coastal Can Gio District. It plans to carry out the construction together with the Viet Nam Maritime Corporation (VIMC) and Mediterranean Shipping Company (MSC). VIMC and its subsidiary, Saigon Port, have tied up with foreign partners to concretize the contents of cooperation, investment and operation. Saigon Port and MSC have done studying the proposed site of around 570 hectares with a main wharf of 7.2km and capacity to berth ships of up to 250,000 tonnes. Located in the Thi Vai maritime channel, Can Gio has deep waters and is not seriously affected by waves or winds, and is ideal for international container transhipment. Along with natural and economic factors, the co-operation of large global shipping lines is also essential for success. VIMC has been working with MSC, … [Read more...] about HCM City eyes US$6b container port in Can Gio

Statistics showed that in the first five months of 2022, Vietnam shipped 2.38 million USD worth of the products to Algeria. Rice was the major export product of Vietnam to Africa, which accounted for 20 percent of total export revenue generated from the market, which is also a promising land for Vietnamese coffee and peppercorn. Each year, African countries spend about 750 million USD on importing coffee. Vietnam has been one of the five major suppliers of the product in Africa. Experts reminded Vietnamese exporters to pay greater attention to transport and preservation stages when exporting goods to Africa. They advised Vietnamese firms to carefully study the market as well as legal regulations in each country and information of its partners to avoid risks, while choosing safe payment methods. At the same time, they underlined the need for exporters to ensure that their products meet particular requirements in each market./. VNA … [Read more...] about Vietnam seeks ways to step up food exports to African market

Any foreigner who can unscramble the rich tapestry of the Vietnamese language deserves the keys to the city, a Nobel Prize, a Golden Buzzer from Simon, and, while we’re at it, let’s toss in an honorary ambassadorship. The plethora of homonyms, at least to the Western ear, is an exciting feature, as there is nothing more catastrophic than calling someone a horse’s ass when you simply want to wish them a nice day. It’s not as if the language had a few ups and downs here and there as does every tongue, but conveying even the simplest sentiments can be precarious. How about the infamous ‘em yêu anh, anh yêu em, em thương anh’ and ‘anh thương em” jigsaw puzzle? It’s damn good that most people know ‘I love you’ in English, for sorting the ‘em’s’ from the ‘anh’s’ and the north from the south is quite a hurdle. Let’s look at personal pronouns in Vietnamese because addressing people is the first and most basic step in any relationship, thus a logical starting point. That innocent … [Read more...] about Vietnamese language torture

Representatives of 29 tourism businesses from Ha Noi, HCM City and the north-central region signed agreements to link tourism development on July 1 in Nghe An Province. — VNA/VNS Photo Van Ty Tourism links would boost activity in each locality, contribute to the promotion of local tourism brands in the domestic market and enhance the competitiveness of Vietnamese tourism in the international market, vice chairwoman of the HCM City People's Committee Phan Thi Thang said at a recent forum on linking tourism development. The forum was held in Nghe An Province last Friday to foster tourism links between Ha Noi, HCM City and six north-central provinces of Nghe An, Ninh Binh, Thanh Hoa, Ha Tinh, Quang Binh and Quang Tri. Phan Thi Thang said besides tourism links within the north-central region, the six provinces needed to boost tourism cooperation with key tourism regions, and create unique tourism products. “With experience in developing tourism linkages with other regions, HCM … [Read more...] about Ha Noi, HCM City foster tourism links with north-central region