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
Renewable energy lesson plan
HCMC, three localities strengthen coordination to promptly implement Ring Road 3
Chairman of Ho Chi Minh City People's Committee Phan Van Mai signs a regulation on the construction coordination of the Ring Road 3 Project in Ho Chi Minh City with leaders of three provinces of Long An, Binh Duong and Dong Nai at the conference. Regarding the investment capital, the HCMC People’s Committee submitted to the Prime Minister an adjustment of the central budget capital of VND17,146 billion (US$734.5 million) from the Ministry of Transport and allocated the unallocated central budget capital of VND 14,233 billion (US$610 million) to the provinces and HCMC for timely project implementation. Speaking at the conference, Director of Ho Chi Minh City Department of Transport Tran Quang Lam said that the People's Committees of three provinces and HCMC have directed departments, relevant agencies and units to implement component projects according to the assigned timelines under the direction of Deputy Prime Minister Le Van Thanh. Specifically, the Ring Road 3 investment and … [Read more...] about HCMC, three localities strengthen coordination to promptly implement Ring Road 3
Hanoi seeks to develop night economy
With the recent inauguration of many pedestrian streets, themed spaces, and night tours, authorities in Hanoi hope to give the city’s night economy a major boost. Every evening at about 7:00 pm, Hanoi’s Old Quarter begins to bustle with tourists rushing between shops, food stalls, and entertainment venues. The Old Quarter’s evening rush holds such a footing in Hanoian culture that nicknames have even been given to certain areas. The intersection of Ta Hien and Luong Ngoc Quyen Streets, for example, is affectionately called 'International Intersection' while Ta Hien Street is known as 'Beer Street,' Gam Cau Street is known as 'BBQ Street,' To Lich street is called 'Mixed Fruit Street,' and Tong Duy Tan Street is dubbed 'Food Street.' Weekends in the Old Quarter are especially busy, with groups of tourists and locals gathering in the area for entertainment and food, art performance venues, and karaoke parlors. The pedestrian street around Hoan Kiem Lake has also been a major … [Read more...] about Hanoi seeks to develop night economy
Ha Noi, HCM City foster tourism links with north-central region
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
Public urged to get booster shots against Omicron subvariants
The booster shots are expected to help extend protection against subvariants BA.4 and BA.5. Vietnamese Prime Minister Pham Minh Chinh has urged localities and organizations to accelerate the delivery of booster doses of Covid-19 vaccines to all adults and children to prevent infection of the disease. In a document sent to localities and organizations on July 2, Chinh said the new sub-variant of Omicron (BA.5) has been detected in Vietnam, increasing the risk of the disease outbreaks again, emphasizing that the administration of the booster shots has been slow, and action must be taken to speed up the process. An old woman is vaccinated against Covid-19 in Hanoi. Photo: Chi Kien "Vietnam's vaccination campaign has been basically successful, but the speed of the injection of booster doses for adults has been slow recently. There is no shortage of Covid-19 vaccines, so provinces and cities should accelerate vaccinations following the prime minister's … [Read more...] about Public urged to get booster shots against Omicron subvariants
HCM City’s CPI picks up 0.91% in June
Illustration. (Photo: VNA) HCM City (VNA) – Ho Chi Minh City ’s Consumer Price Index ( CPI ) edged up 0.91 percent in June , with nine out of 11 groups of goods and services recording an increase in prices, the municipal Statistics Office reported. Prices of transport services soared 3.89%, largely due to a 7.18% spike in petrol prices after they were revised up three times in June. Those of gas and other energy products, meanwhile, declined 6.09%, the office said. Prices of food and dining services picked up 1.05% during the month. Those of rice, a major component of food, grew 0.57% on the back of low supply as the Winter-Spring harvest nears end. Prices of foodstuff surged 1.27% last month, with the growth seen in various products, such as fresh, dried and processed vegetables (4.47%), eggs (2.59%), confectionery (1.65%), poultry meat (1.58%), and fresh and processed fruits (1.54%). House rental rates went up 1.64% while construction materials and water … [Read more...] about HCM City’s CPI picks up 0.91% in June