Invest in infrastructure

Deputy Prime Minister Pham Binh Minh (R) receives Chairman of Daewoo E&C Group Jung Won-ju (Photo: VNA) Hanoi (VNA) - The Vietnamese Government is willing to create favourable conditions for foreign enterprises, including those from the Republic of Korea (RoK), to expand investment and business in Vietnam, Deputy Prime Minister Pham Binh Minh told Chairman of Daewoo E&C Group Jung Won-ju. During a reception for Jung on June 22, the Vietnamese leader expressed his belief that the two countries' relations will continue to develop more intensively and substantively in various fields, especially trade and investment. Deputy PM Minh highly valued investment of RoK enterprises in Vietnam, including Daewoo E&C Group. He said that Starlake Tay Ho and Meyhomes Capital Phu Quoc projects invested by the firm have contributed to creating a spacious and modern urban landscape, and improving the value of the Vietnamese people's lives. He expected Daewoo E&C Group to … [Read more...] about Vietnam welcomes RoK firms’ investment expansion: Deputy PM

In late March, Japan’s Sumitomo Corporation and local BRG Group worked with Danang’s leaders to discuss projects both groups want to deploy in the city. In 2020, Chairman of Danang People’s Committee Le Trung Chinh handed over MoUs on investment cooperation to Sumitomo Corporation and BRG Group to promote investment in a wide range of urban and infrastructure development projects in Danang. According to BRG chairwoman Nguyen Thi Nga, Danang has the full potential for a leading global player like Sumitomo to weigh over opportunities for investment and business expansion. “The board of directors at Sumitomo is solid with their investment orientation in Danang as they have sent several working groups to the city to shape an iconic regional-level project in Danang,” said Nga. Beyond Japanese groups, international investors from various other countries have expressed the desire to make forays into Danang. In a meeting with the city’s management at the end of April, Park In Sung, … [Read more...] about Danang becoming focal point in Central Vietnam investment

AVBC President Kiem Dinh speaks at the a conference in Sydney on June 23. (Photo: VNA) Sydney – The Australia-Vietnam Business Council (AVBC) held a conference in Sydney on June 23 to promote trade and investment partnerships through the strengthening of the Australia-Vietnam Enhanced Economic Engagement Strategy that was reached between the two countries in late 2021. Addressing the event, which drew nearly 100 businesses from a variety of sectors, AVBC President Kiem Dinh said that the conference marked a commitment from Vietnam and Australia to promote their partnership in many areas, heading to sustainable and inclusive economic growth in both countries. He said that in 2022, the AVBC and its members are focusing on implementing activities as part of the strategy. For his part, Vietnamese Consul General in Sydney covering New South Wales, Queensland and South Australia Nguyen Dang Thang affirmed that Vietnam-Australia relations are growing based on the foundation of … [Read more...] about Vietnam, Australia promote trade, investment partnership

The main goal is for Hanoi to achieve the highest possible disbursement rate during the last six months of 2022, with the city continues focusing on addressing the concerns of districts and wards in public investment. Hanoi’s authorities identify the realization of the public investment target in 2022 as a key priority for socio-economic development, according to Director of the Hanoi’s Department of Planning and Investment Do Anh Tuan. A corner of Hanoi. Photo: Pham Hung/ The Hanoi Times In 2022, Hanoi allocated a total of over VND51 trillion (US$2.2 billion) in public investment, of which VND34 trillion ($1.46 billion) are for city-level projects and VND16 trillion ($688 million) for district-level ones. An estimate of VND10.2 trillion ($443.2 million) would be assigned to rural and urban districts for developing their respective infrastructure projects, including the construction of new schools, upgrading healthcare facilities, and preserving historical … [Read more...] about Hanoi identifies public investment central to economic recovery

Prime Minister Pham Minh Chinh speaks at Da Nang 2022 Investment Forum Da Nang (VNA) – Prime Minister Pham Minh Chinh on June 25 attended the Da Nang 2022 Investment Forum held in both online and in-person formats in the central city of the same name with the participation of a total of 900 delegates. The forum was held to popularise the potential, advantages and chances of investment of the city; and to attract both domestic and foreign investment . Participants spoke highly of the city’s business and investment environment and expressed their hope that Da Nang will pay attention to the strategic infrastructure and concertedly implement the laws related to investment so as to create favourable conditions for firms in their investment, business and production. The PM thanked the international community for its support to and positive assessments of Vietnam in the pandemic fight, and stressed his government is committed to continuing the building of an investment … [Read more...] about PM attends Da Nang 2022 Investment Forum

The forum aims to promote the potential, advantages and investment opportunities of Da Nang city to domestic and foreign investors as well as international organizations. Speaking at the Forum, PM Chinh affirmed that the Vietnam ese Government is committed to continuing to build a fair, open and transparent investment and business environment, in the spirit of harmonious interests, shared risk and win-win target. The PM expects Da Nang and investors to focus on developing priority areas such as information technology, digital transformation infrastructure, climate change, green energy, and industries that promote innovation, among others. The Prime Minister also witnessed the awarding ceremony of investment cooperation agreements and certificates for 27 projects with a total capital of nearly 5.6 billion USD./. VNA … [Read more...] about PM attends Da Nang Investment Forum 2022