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Hanoi (VNA) – The inflow of foreign investment into Vietnam experienced a year-on-year drop of 23.6 percent in the first two months of the year to 6.47 billion USD, according to a report from the Ministry of Industry and Trade’s Foreign Trade Agency. Disbursement of foreign capital declined 5 percent to 2.45 billion USD in the period. As many as 500 new projects received investment licenses, with total registered capital of 5 billion USD, doubling the amount recorded the same time last year. Singapore’s Delta Offshore Energy Pte Ltd Co was the largest investor with its liquefied natural gas-fired (LNG) power plant valued at 4 billion USD in the Mekong Delta province of Bac Lieu. There were 151 projects registering to adjust their capital. Total additional capital fell nearly 25 percent to 638.1 million USD. Capital contributions and share purchases by foreign investors fell substantially by 84 percent to 827.3 million USD. From January-February, most foreign … [Read more...] about Foreign investment falls 23.6 percent in first two months

Ninh Thuan (VNA) – The central province of Ninh Thuan is taking measures to solve difficulties in sending workers abroad amid the novel coronavirus (SARS-CoV-2) outbreak. This year, the province has set a target of sending 150 workers overseas. Tran Van Trua, deputy head of the provincial Department of Labour, Sports and Tourism, said most workers opted for Malaysia, the Republic of Korea, Japan, and several Middle East countries, However, the disease outbreak and security uncertainties in the Middle East are making the goal difficult to achieve. To address the issue, the department is planning to contact domestic businesses with high recruitment demands so that workers can find jobs in other provinces and cities. Efforts are also made to inform people about the labour market and manage those who go overseas to work under legal contracts to prevent fraud and protect labourers’ interests. Last year, Ninh Thuan had 210 labourers working in several nations and … [Read more...] about Ninh Thuan removes employment difficulties

It also regulates advertising alcohol on radio, television, newspapers, social media, and others. Billboards advertising alcohol must be at a distance of at least 200 meters from educational and recreational establishments for people under 18 and at least 100 meters from universities. … [Read more...] about New alcohol decree requires beer establishments to display health warnings

“The health sector is carrying out heavy tasks amid the challenges. Thus, we are encouraging private investors to join to fulfill our targets,” a senior MoH official told VIR. “We are considering and appraising procedures for some public-private partnership (PPP) projects in healthcare infrastructure and medical equipment. We are willing to welcome private investors to join.” … [Read more...] about Fresh policies to foster private health funding

Despite enjoying a number of benefits, only firms that have a large production scale, experience, and financial capacity are able to make inroads into these supply chains due to small and medium-sized businesses facing a number of hurdles when it comes to grasping the requirements set out on technical standards and product quality by the purchasing units. … [Read more...] about Businesses urged to shift from direct to indirect exports