Illustrative image (Source: VNA) HCM City (VNA) – Promoting investment in green growth was the focus of a forum on sustainable finance in Ho Chi Minh City on May 28. Participants at the event, who included experts from management agencies like the Ministry of Planning and Investment, the State Bank and the State Securities Commissions, commercials banks and international and domestic investment funds, discussed measures to push the implementation of green growth strategy targets. They also looked for ways to mobilise investment capital for climate change adaptation projects as Vietnam is facing increasing challenges from climate change. The International Financial Corporation (IFC) forecasted that from now until 2030, investment in climate-related projects in Vietnam could amount to 753 billion USD, including 59 billion USD in renewable energy and 80 billion USD in green works. Experts said that investment flow and funding from the private economic sector has a crucial role … [Read more...] about Forum seeks to promote investment in green growth
Promote investment
Hanoi promotes investment-tourism cooperation with Japan
At the event (Photo: kinhtedothi.vn) Hanoi (VNA) – The Hanoi People’s Committee organised a conference to promote investment and tourism cooperation with Japan in the capital city on March 29. According to Vice Chairman of the Hanoi People’s Committee Nguyen Doan Toan, Japan’s foreign direct investment (FDI) in the city exceeds 10 billion USD, accounting for 25.5 percent of its total FDI value. Japanese-funded projects, like Nhat Tan-Noi Bai road, Nhat Tan Bridge, and the building of a smart-city area, have played an important role in the capital’s growth. Meanwhile, as Hanoi’s third biggest tourism partner, Japan had 303,000 tourists visiting the city last year. Director of the municipal Department of Planning and Investment Nguyen Manh Quyen said Japanese firms have been investing in various projects with effective operations in the city. Hironobu Kitagawa, a representative from the Japan External Trade Organisation (JETRO), informed the … [Read more...] about Hanoi promotes investment-tourism cooperation with Japan
Vietnam wishes to promote investments in Bangladesh
President Tran Dai Quang addressing the forum - Credit: VNA The President made the remarks while attending the Vietnam - Bangladesh Business Forum, held in Dhaka on March 6, on the last day of his State visit to Bangladesh from March 4-6. President Quang noted that the economies of Vietnam and Bangladesh share many similarities which can supplement each other and create favorable conditions for the business communities of the two countries to increase their cooperation. The State leader expressed his belief that the bilateral trade volume between the two countries would exceed US$1 billion this year and US$2 billion by 2020. He also emphasised that Vietnam will create favorable conditions for the business communities of both countries to promote investment and trade activities for the sustainable development of both sides. President Quang also introduced the delegates to the outstanding achievements of Vietnam after more than 30 years of renewal, including the GDP growth, FDI … [Read more...] about Vietnam wishes to promote investments in Bangladesh
Promoting investment and trade between Vietnam and Chile
Deputy Minister Vuong Dinh Hue speaking at the forum The Vietnam-Chile Investment and Trade Forum took place on July 5 in Santiago, Chile with the participation of over 100 representatives of the Vietnamese and Chilean business communities. The forum was expected to open a brighter future for bilateral co-operation. In order to strengthen bilateral relations on economics, trade, and investment, along with the opportunities and challenges of Industry 4.0, Deputy Prime Minister Vuong Dinh Hue proposed the two countries to further strengthen discussion and communication on investment policies, priority sectors for co-operation, as well as carry out co-operation programmes so that the businesses of the two countries can familiarise themselves with the investment climate and opportunities at each side. The two countries’ government should strengthen linkages between their businesses and the global market by building value chains, especially in the fields that the two countries … [Read more...] about Promoting investment and trade between Vietnam and Chile
Industrial explosive materials: Promoting investment in science and technology
(VEN) - Industrial explosive materials play an important role in mining, building materials and construction. Therefore, units have promoted investment in science and technology in order to develop the sector and improve product quality. Promoting investment According to the Industrial Safety Techniques and Environment Agency under the Ministry of Industry and Trade, before 2009, production lines of industrial explosive materials used mainly outdated Chinese technologies. During the 2009-2014 period, it was replaced by advanced production lines with higher automation and safety. Thanks to replacement, the working conditions of workers have improved, while product quality has been more stable. Scientific and technological officials in the sector have completed many topics for new product development. Most of the topics are highly practical, bringing greater economic efficiency in production and use. For example, the Vinacomin - Mining Chemical Industry Holding Corporation Limited with … [Read more...] about Industrial explosive materials: Promoting investment in science and technology