Investment agreements

The market surveillance officers of Binh Thuan visited a restaurant in the south-central Vietnamese province’s tourist city of Phan Thiet on Wednesday morning to clarify a customer’s complaint about its hefty charge of VND4.5 million (US$192) for cooking service. The Hung Vuong restaurant in Phan Thiet City’s Phu Thuy Ward welcomed a group of 48 tourists and one tour guide around lunchtime on Sunday, the facility’s manager Nguyen Ngoc Phong said. Having ordered their meal in advance, the tourist group brought along 18 kilograms of raw seafood they had purchased outside upon their arrival. Although the restaurant rarely allowed customers to bring food outside into its premises, the two sides discussed and agreed on using the restaurant’s service to cook the raw seafood with a charge of VND250,000 ($10.7) per kilogram that day, according to Phong. Phong added the restaurant had given a discount on the cooking service charge versus the listed price of VND350,000 ($15) per … [Read more...] about Phan Thiet restaurant inspected after charging $192 for cooking service despite advance agreement with customers

The meeting between the Vietnam - Belgium and Belgium - Vietnam parliamentary friendship groups in Brussels on July 5 (Photo: VNA) Brussels (VNA) – A delegation of the Vietnam - Belgium Parliamentary Friendship Group is paying a four-day working visit to the European country during which the two sides will share lawmaking experience and discuss scientists’ role in legislative activities. The delegation, led by Nguyen Van Hien - Chairman of the group and Director of the National Assembly Standing Committee’s Institute for Legislative Studies, had a meeting with members of the Belgium - Vietnam Parliamentary Friendship Group in Brussels on July 5. Andries Gryffroy, First Vice President of the Belgian Senate and Chairman of the Belgium - Vietnam Parliamentary Friendship Group, said the visit will help intensify cooperation between the two parliaments as well as the two parliamentary friendship groups. The host official called on both sides to increase all-level mutual visits in … [Read more...] about Vietnamese, Belgian parliamentarians seek to boost relations

Vietnam and Russia affirmed the role of each country in the other’s diplomacy and in the global forums. Russian Foreign Minister Sergei Lavrov told Vietnamese top leaders that Vietnam is one of Russia’s important and trustworthy traditional partners in Asia-Pacific. General Secretary of the Communist Party of Vietnam Nguyen Phu Trong and Russian Foreign Minister Sergei Lavrov in Hanoi on July 6. Photos: VNA, Baoquocte Lavrov stressed the view at meetings with General Secretary of the Communist Party of Vietnam Nguyen Phu Trong, Prime Minister Pham Minh Chinh, and Foreign Minister Bui Thanh Son in Hanoi on July 6. “Naturally, our friendship and our solidarity are based on deep historical roots,” Lavrov said at the meeting with Prime Minister Pham Minh Chinh, Russia News Agency reported. The Russian FM expressed his hope that the two countries will continue making efforts for effective results of the Comprehensive Strategic Partnership which entered its … [Read more...] about Vietnam listed among Russia’s most trustworthy partners in Asia-Pacific: Sergey Lavrov

Part of the Vietnam - Singapore Industrial Park in Hai Phong city (Photo: VNA) Hai Phong (VNA) – For the last half of 2022, Hai Phong city will apply itself to flexibly and effectively fighting COVID-19 and shoring up business and investment activities so as to attract more foreign direct investment ( FDI ), a local official has said. Nearly 1.1 billion USD of FDI was poured into the northern port city in the first six months, falling by over 11% from a year earlier and equivalent to almost 44% of this year’s target. FDI inflows are expected to stand at 0.85 billion USD in the third quarter and 0.85 - 1.1 billion USD in the fourth quarter. Le Trung Kien, head of the Hai Phong Economic Zone Authority , said the city looks to surpass this year’s FDI attraction target of 2.5 billion USD. To that end, the authority will boost investment promotion and attraction for the three pillars of economic development, namely high-tech industry, seaports - logistics, and … [Read more...] about Hai Phong striving to attract over 2.5 billion USD in FDI this year

At the sixth plenary session of the 10th tenure People’s Council of HCMC The statement was made by deputy Tang Huu Phong , Editor-in-Chief of the Sai Gon Giai Phong (SGGP) Newspaper at the sixth plenary session of the 10th tenure People’s Council of HCMC on July 6. Vietnam Bank for Social Policies (VBSP) has temporarily suspended receiving loan application documents from disadvantaged borrowers because of the shortage of loan capital, he added. Deputy Tang Huu Phong, Editor-in-Chief of the Sai Gon Giai Phong (SGGP) Newspaper speaks at the meeting. Deputies at the meeting also suggested that the municipal government must strengthen public investment disbursement effectively to create jobs for people and socioeconomic impulse for the city as well as speed up investment promotion. Deputy Doan Thi Ngoc Cam, Standing Vice Secretary of the Party Committee of Can Gio District proposed the city give the authority to Chairpersons of the People’s Committees of districts … [Read more...] about Deputies concern with pandemic pushing needy people into extreme poverty

Projected GDPs for ASEAN+3 countries. Vietnam is forecast to be the second fastest-growing economy in the region this year. (Photo amro-asia.org) Hanoi (VNS/VNA) – Vietnam is expected to come out second only to the Philippines in terms of projected GDP for 2022 and on top for 2023, according to a recent Quarterly Update of the ASEAN + 3 Regional Economic Outlook. Specifically, the country was projected to achieve a growth rate of 6.3% this year and 6.5% next year, well above the region-wide figures which were estimated at 4.3% and 4.9% respectively. Compared to the previous update, Vietnamese growth rates were revised downwards to reflect the lower growth forecasts for China and the US, its major trade partners. The country was expected to top the list with growth rates of 6.5% and 7.0% in the April update. “Vietnam is a much more open economy and very exposed to the US and Chinese economies. Because we are expecting reductions in growth rates in these countries and … [Read more...] about Vietnamese economy to perform well: AMRO