There should be special mechanisms for economic ties between the two countries. The governments of Vietnam and Laos are closely working on the construction of the Hanoi-Vientiane expressway project that will facilitate sea access to land-locked Laos. Chairman of Vietnam’s National Assembly Vuong Dinh Hue speaks with Vietnamese businesses in Laos on May 15. Photos: Quochoi The information was released by Chairman Vuong Dinh Hue of Vietnam’s National Assembly who is on his three-day visit to Lao starting on May 15. Hanoi-Vientiane expressway, which is being built with funding from Japan, will enable Laos to access the sea in Vung Ang Seaport, Vietnam’s central province of Ha Tinh. Launched in 2016, the 725-km project, with an estimated investment of US$4.5 billion, is expected to boost economic connectivity between the two countries and Thailand’s northeast. Hue said the two countries' economic ties need to be boosted to become commensurate to the strong … [Read more...] about Vietnam, Laos boost construction of road linking two capital cities
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The Japanese retailer plans to build 16 more shopping malls in Vietnam by 2025. AEON Mall Vietnam, the Japanese retailer, wants to invest in three or four more projects in Hanoi by 2025. AEON Mall shopping mall in Long Bien District. Photo: AEON Mall This plan was proposed by General Director of AEON Mall Vietnam Nakagawa Tetsuyuki at a recent meeting with Hanoi Party Secretary Dinh Tien Dung on May 13. By 2025, the Japanese retailer wants to build 16 more shopping malls in Vietnam. It is currently operating six department stores in Vietnam, including two commercial centers in Hanoi’s Long Bien and Ha Dong districts. As investment procedures for its project in Hoang Mai District is being finalized, the General Director of Aeon Mall Vietnam hoped Hanoi will continue to support and remove obstacles so that the execution of the project could kick off in the third quarter of this year. The Japanese business also asked the city to support the research and … [Read more...] about AEON Mall wants to invest in four more projects in Hanoi
LVB was established on June 22, 1999 and had charter capital of 791.3 billion LAK (100 million USD at the date of capital contribution). Present in nine of the 18 provinces and cities in Laos, it is Vietnam’s leading commercial bank and also one of the three largest financial institutions in the country, with total assets currently approximating 1.1 billion USD - ranking third in the local banking system. Speaking highly of the bank’s development over the last 23 years, Chairman Hue, who is paying an official visit to Laos, said BIDV should help promote investment and give advice to Vietnamese firms planning to invest and do business in Laos. As bilateral trade stands at only 1.3 billion USD at present, much lower than the target of 2 billion USD, enterprises should make use of the Lao market, which is in close proximity to Vietnam. Aside from credit services, BIDV and its LVB need to develop non-credit ones so as to help achieve that target, he went on. The great friendship, … [Read more...] about N.A. Chairman visits Lao – Viet Bank in Vientiane
The welcoming ceremony for the Cambodian delegation, led by Cambodian Deputy Prime Minister and Defense Minister Samdech Pichey Sena Tea Banh, was held at Hoa Lu International Border Gate under the chair of Vietnamese Defense Minister General Phan Van Giang. After the welcoming ceremony, Cambodian Defense Minister Tea Banh witnessed his Vietnamese counterpart saluting the national marker at Hoa Lu International Border Gate. The two defense ministers then planted trees and observed joint patrol of the border defense forces of the two countries. After that, the two delegations visited and presented gifts to Loc Tan A Primary School. Speaking at the gift presentation ceremony, Cambodian Deputy Prime Minister and Defense Minister Tea Banh complimented the school’s teachers on their teaching efforts, especially during the COVID-19 pandemic. He strongly believed that in the coming time, with the care and support of the Party, Government, and people as well as teachers’ high … [Read more...] about First Vietnam – Cambodia border defense friendship exchange held in Binh Phuoc
Prime Minister Pham Minh Chinh attended the opening ceremony of FPT Software's new office in New York City Speaking at the ceremony, Prime Minister Pham Minh Chinh stressed the importance of the event in the context of Vietnam’s rapid recovery after the pandemic, showing the country’s sustainable socioeconomic development with a focus on technology and innovation. The PM believed that FPT would develop faster and stronger, contributing to the development of science and technology among Vietnam’s businesses. Dang Tran Phuong, CEO of FPT Americas said, “This is a milestone asserting our rapid and strong growth in the world's largest economy. In the next three years, we expect the new office to contribute 20 per cent of FPT Software's total revenue in the US, with the number of employees working directly with US reaching 5,000 people." This is FPT Software's 10 th office in the US and the company's 58 th worldwide. The new office is located at 295 Madison Avenue in New York … [Read more...] about FPT Software opens 10th office in the US
The following is the full text of the speech. “SINCERITY, TRUST AND RESPONSIBILITY FOR A BETTER WORLD” Dear Dr. John Hamre, President and CEO of the Center for Strategic and International Studies, Ladies and gentlemen, I am very happy to visit the Center for Strategic and International Studies for the first time today, though this is far from the first time I hear of the CSIS, a top American think tank in the field of foreign strategies and policies and international issues. Seventy-seven years ago, President Ho Chi Minh, the national hero of Vietnam and great man of culture, prefaced the Declaration of Independence establishing the Democratic Republic of Vietnam with this untarnishable fact, “All men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are Life, Liberty and the Pursuit of happiness.” This was the spirit enshrined within the 1776 Declaration of Independence of the United States of America; it … [Read more...] about Remarks by PM Pham Minh Chinh at CSIS in Washington D.C.