Vietnam foreign policy

Meanwhile, the EVIPA is now waiting for the approval of the parliaments of EU member states to take effect. Its contents concerning investment are also mentioned in the EVFTA, however. Apart from that, more than 20 member states of the EU have already exercised their bilateral investment protection agreements with Vietnam. This is an encouraging start, making favorable conditions for foreign businesses to invest in Vietnam. … [Read more...] about EVFTA and EVIPA help attract more investment in Vietnam

When EVFTA was about 10 days to become effective, the Copenhagen Infrastructure Partners (CIP) of Denmark, on behalf of the New Market Fund I, together with Asiapetro and Novasia Energy, signed a Memorandum of Understanding (MOU) with the People's Committee of Binh Thuan Province to develop La Gan offshore wind power projects. With an estimated total capital of US$10 billion, the project with a capacity of 3.5GW can enhance the position of Vietnam in the field of renewable energy in the world. And the successful cooperation between CIP, Asiapetro, Novasia Energy, and Binh Thuan in this project will be a foundation to attract other foreign investors to offshore wind power projects across the country. Earlier, Tesa announced that it would invest about 55 million euros, approximately $60.3 million, to open a high-tech adhesive factory specializing in serving for the electronics and automotive industries. According to the plan, Tesa will start production in 2023 with about 140 employees … [Read more...] about Opportunities to welcome high-quality FDI capital with EVFTA

Tran Quoc Phuong, Deputy Minister of Planning and Investment A number of challenges were raised at the Ministry of Planning and Investment’s (MPI) online meeting with all cities and provinces on July 28 amid the new developments of COVID-19 in the country. What are the MPI’s policy scenarios for the upcoming months to ensure economic recovery, thus meeting the highest possible economic growth for 2020? Recent COVID-19 cases in the central city of Danang have made people concerned. At present, ministries and agencies at all levels, especially the National Steering Committee on COVID-19 Prevention and Control, have taken bold actions to effectively control the situation to prevent a new outbreak of the health crisis in the community, thus easing negative impacts of the pandemic on the ongoing economic recovery for the second half of the year. … [Read more...] about Decisive actions to achieve goals