Socio economic recovery and development

Cooperation between Hanoi and Vientiane remains an example of the long-standing and special relations Vietnam-Laos. Hanoi and Vientiane have been taking steps to bolster economic ties during the Vietnam-Laos 2022 Solidarity and Friendship Year. Overview of the “Hanoi-Vientiane Cooperation for Development” investment, trade, and tourism conference. Photo: The Hanoi Times At the investment, trade, and tourism conference titled “Hanoi-Vientiane Cooperation for Development” on August 10, Vice Chairman of the Hanoi People’s Committee Nguyen Manh Quyen noted the cooperation between Hanoi and Laos’ provinces in general, and with Vientiane in particular, have been progressing in all spheres, including priority fields of economy, healthcare, education, agriculture, military, and people-to-people exchange. Echoing Quyen’s view, Vice Director of the Hanoi’s Department of Planning and Investment Nguyen Ngoc Tu added since 2004, Hanoi has been funding several projects to … [Read more...] about Hanoi – Vientiane bolster economic ties

The Strategic Framework for Sustainable Development Cooperation 2022-2026 (CF) guides and steers the government of Vietnam and the UN in Vietnam’s collaboration on accelerating progress to achieve its Sustainable Development Goals. It highlights the joint commitment to deliver sustainable development for all. Speaking at the signing ceremony on August 11, MPI Minister Nguyen Chi Dung emphasised that the CF will be implemented at a time when Vietnam has been synchronously implementing solutions to strengthen economic recovery after the pandemic, respond to climate change, and transition to a green, circular economy. "The government has been working to improve institutions and policies in order to mobilise resources from all economic sectors to develop the country. Together with other development partners, the UN plays an important role in supporting Vietnam in its development, integration, and strong participation in global development through policy advice, sharing Vietnam’s … [Read more...] about Strategic framework for sustainable development between UN and Vietnam

Moc Bai International Border Gate in Tay Ninh Province. The province was urged to focus more on infrastructure development and policies to attract investment into the Moc Bai border economic zone. — Photo thanhnien.vn Tay Ninh Province needs to focus more on developing the Moc Bai border economic zone’s infrastructure and investment to help it reach its economic potential, experts have said. During a recent conference in Tay Ninh, Nguyen Manh Hung, deputy party secretary of the province, said that Tay Ninh plays a key role in connecting southern provinces to Cambodia, the Greater Mekong Sub-region, and other ASEAN countries, which lends strategic importance to its Moc Bai border gate. Nguyen Thanh Tam, party secretary of Tay Ninh Province, said that the over 21,000 hectares Moc Bai border economic zone is one of the first of its kind in Viet Nam, and the central government pays a great deal of attention to it. Nguyen Xuan Thang, chairman of the Central Theory Council, said, … [Read more...] about Moc Bai border economic zone needs more investment to reach potential: experts

A corner of Phu Quoc (Photo: VNA) Hanoi (VNA) – Attracting large capital for urban development is essential for Phu Quoc city, which houses Phu Quoc island – Vietnam's largest off the southern province of Kien Giang, serving its diverse and sustainable growth after years of investing in the entertainment-resort tourism industry. A survey by the Vietnam Institute of Real Estate Studies ( VIRES ) showed that, in the past 3-5 years, over 90% of investors participated in the market’s tourism-resort realty segment. However, at the moment, the focus of investment has shifted to urban projects boasting transparent legality, with over 60% of investors interested in this segment. The vast majority of them chose long-term investment, expecting that the projects’ prices will increase many times in the coming years. Vice president of VIRES Pham Nguyen Toan noted Phu Quoc is gradually transforming itself into a profitable investment and settlement destination. He also singled out … [Read more...] about Phu Quoc welcomes increasing investment in urban development

Hanoi – More than 100 businesses and 43 investors of industrial clusters and nearly 20 commercial banks participated in a conference on August 15 to connect local firms of Hanoi with commercial banks and the Hanoi Development Investment Fund (HANIF). An overview of the conference. (Photo: VNA) The event was jointly held by the city's Department of Industry and Trade, the Hanoi Branch of the State Bank of Vietnam, and the Hanoi Association of Main Industrial Products (HAMI). Addressing the event, Tran Thi Phuong Lan, Acting Director of the Hanoi Department of Industry and Trade, said that the conference aimed to provide a chance for banks and investment funds to introduce soft loans and support programmes to businesses, helping them overcome difficulties and develop. In order to promptly launch infrastructure projects in industrial parks and clusters in the city, the Hanoi Department of Industry and Trade suggested that businesses should coordinate closely with credit … [Read more...] about Hanoi connects commercial banks with local businesses

Viet Tri city of Phu Tho province (Photo: phutho.gov.vn) Phu Tho (VNA) – Phu Tho province’s efforts to improve its business and investment environment have paid off evidenced by the fact that the northern midland locality has attracted many important projects which are expected to help open up more socio-economic development opportunities. Phan Trong Tan, Vice Chairman of the provincial People's Committee, said to promote socio-economic development , the Party Delegation to the provincial People's Committee proposed 19 key projects for 2022, of which 15 are transited and four are new; and at the same time set out specific tasks and solutions for each project in the coming time to ensure their progress. To that end, right from the beginning of this year, the committee started directing departments and localities to work out specific plans, consider and fulfil procedures related to investment, land and construction. Developed transport infrastructure in Viet Tri … [Read more...] about Phu Tho’s efforts to better business, investment climate pay off