Us senate passes 60bn foreign development bill

Vietnam is achieving excellent results against the pandemic and should benefit with a V-shaped economic recovery as soon as the crisis is over, which should boost new foreign investments. One of the biggest challenges in the coming years for sustainable development remains in developing renewable energy at a fast pace and avoiding dependence on coal. … [Read more...] about VRDF highlights advantages of value chain development

“Generally, all foreign investors regardless of corporate or financial investors look for the same thing: supporting their investee to grow, adding value and synergies to their portfolio of investments, and strengthening and generating financial returns,” he said. “For most Thai buyers, our general observation is that they do understand the general business practices in an emerging country like Vietnam, as most of their countries underwent the same business trajectory before.” … [Read more...] about Long-term development commitments realised through strategic M&A moves

It was the first activity of the bloc this year to discuss orientations and priorities for 2021 as well as regional and global issues of shared concern. Representatives from participating countries congratulated Vietnam on successfully accomplishing its tenure as ASEAN Chair 2020, including leading the bloc in maintaining dialogues and timely and effective response to unprecedented challenges. They agreed to effectively realise reached priorities, initiatives and cooperation programmes, including accelerating the building of the ASEAN Community in response to the COVID-19 pandemic. They also expressed support to the Brunei’s theme of ASEAN Chairmanship 2021 “We Care, We Prepare, We Prosper”. Speaking at the event, Minh vowed to work closely with Brunei and other ASEAN member states to fulfill the targets and priorities set for the ASEAN Year 2021. Amid uncertain developments in the region and the world, he called on the bloc to effectively carry out initiatives as … [Read more...] about Vietnam attends ASEAN Foreign Ministers’ Retreat

Deputy Prime Minister and Foreign Minister Pham Binh Minh will attend the ASEAN Foreign Ministers’ Retreat (AMM Retreat) which will be held virtually on January 21, said Foreign Ministry’s Spokesperson Le Thi Thu Hang at a press briefing on January 14. … [Read more...] about Deputy PM to attend ASEAN Foreign Ministers’ Retreat

Hanoi (VNA) – Politburo member and Secretary of Hanoi’s Party Committee Vuong Dinh Hue asked foreign hi-tech groups to consider investing in the city’s existing industrial zones, including the Hoa Lac Hi-Tech Park, while receiving representatives from FDI enterprises operating in the high technology industry on January 19. Hue encouraged the Kinh Bac City Development Holding Corporation (KBC) to invest in industrial zones in Soc Son and Dong Anh districts to attract more foreign businesses. He expressed his hope that major technology groups will set up search and development (R&D) and innovation centres in Hanoi in the way the Republic of Korea’s Samsung Group has done. The official highlighted the fact that the capital city is home to 82 percent of universities, 65 percent of scientists and 80 percent of key scientific and technological research potential of the country. At the working session, leading officials of Heesung Electronics, Goertek … [Read more...] about Hanoi calls on foreign firms to invest in industrial zones