Vietnams foreign policy

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

National Assembly Chairman Vuong Dinh Hue (centre) speaks at the Vietnam - UK high-level forum on economy and trade in London on June 29. (Photo: VNA) Rome (VNA) – Some media agencies in Italy higlighted Vietnam’s economic links with Europe and achievements in ensuring human rights when covering a recent tour of some European countries by National Assembly Chairman Vuong Dinh Hue . In an article about Vietnam’s trade and investment links with Italy and Europe, the La Città Futura newspaper said Vietnam is effectively implementing the commitments in the free trade agreements with the EU ( EVFTA ) and the UK (UKVFTA). So far, key farm produce of Vietnam like peppercorn, cashew nut, vegetables, fruit, tea, and rubber have benefited from preferential tariffs in the EU, which is one of the five largest markets of Vietnam’s fishery products. La Città Futura noted Vietnam is a leading partner of Italy in Southeast Asia and also a helpful bridge linking the EU, including … [Read more...] about Italian media spotlight Vietnam’s economic ties with Europe, human rights achievements

Illustrative image (Photo: VNA) Dak Lak (VNA) - Vietnam aims to replant or transplant about 107,000ha of coffee in the 2021 – 2025 period, according to the Ministry of Agriculture and Rural Development (MARD). According to a project approved recently by the ministry, the productivity is expected to rise to 3.5 tonnes of coffee bean per ha, with an income 1.5-2 times higher than before, the ministry said. The combined area in the five Central Highland provinces is projected at around 91,000ha, with Lam Dong making the largest share (36,000ha), followed by Dak Lak (24,000ha), Dak Nong (18,000ha), Gia Lai (11,000ha) and Kon Tum (5,000ha). Other localities like Son La, Dien Bien, Quang Tri, Binh Phuoc, Dong Nai and Ba Ria-Vung Tau will together contribute 16,000ha. The ministry attention will be paid to stepping up scientific and technological application, as well as technological transfer , while building standardised irrigation systems. Harvesting coffee (Photo: VNA) … [Read more...] about Vietnam to replant 107,000ha of coffee by 2025

A corner of the Vietnam-Singapore Industrial Park 1 (VSIP1) in Thuan An, Binh Duong. (Photo: VNA) Binh Duong (VNA) – Binh Duong posted a highest-ever trade surplus of around 6.3 billion USD in the first half of 2022 as its foreign trade has witnessed quick recovery since the beginning of this year on the back of the recovery of global production and supply chains. The southern province generated nearly 19 billion USD from exports and spent some 12.7 billion USD on imports, according to head of the provincial Statistics Office Ngo Van Mit. Its largest market in H1 was the US which imported about 6.4 billion USD worth of goods and services from Binh Duong, followed by the EU (2.2 billion USD), the Republic of Korea and Japan (over 1.8 billion USD), and Taiwan (China) (over 1.4 billion USD). Binh Duong reported a quite impressive growth of 6.84% in Gross Regional Domestic Products (GRDP) during the period; with industry and construction expanding 7.58%; services 6.60%, and … [Read more...] about Binh Duong enjoys record-high trade surplus in H1

Any foreigner who can unscramble the rich tapestry of the Vietnamese language deserves the keys to the city, a Nobel Prize, a Golden Buzzer from Simon, and, while we’re at it, let’s toss in an honorary ambassadorship. The plethora of homonyms, at least to the Western ear, is an exciting feature, as there is nothing more catastrophic than calling someone a horse’s ass when you simply want to wish them a nice day. It’s not as if the language had a few ups and downs here and there as does every tongue, but conveying even the simplest sentiments can be precarious. How about the infamous ‘em yêu anh, anh yêu em, em thương anh’ and ‘anh thương em” jigsaw puzzle? It’s damn good that most people know ‘I love you’ in English, for sorting the ‘em’s’ from the ‘anh’s’ and the north from the south is quite a hurdle. Let’s look at personal pronouns in Vietnamese because addressing people is the first and most basic step in any relationship, thus a logical starting point. That innocent … [Read more...] about Vietnamese language torture

Illustration. (Photo: VNA) Hanoi (VNA) – Deputy Minister of Transport Le Anh Tuan has asked the Civil Aviation Authority of Vietnam (CAAV) to promptly tackle flight delays and cancellations after latest data shows that up to 5,602 flights by domestic carriers were delayed in June (May 19 – Jun 18), accounting for 18.2%. The figure was 15.9 percentage points higher than the same period last year and 9.4 percentage points higher than may, according to the report by CAAV. The report indicates that six domestic airlines – Vietnam Airlines, Vietjet Air, Pacific Airlines, Vasco, Bamboo Airways, and Vietravel Airlines – operated total of 30,808 flights in June, up 528.7% compared to the same period last year and 18% against the previous month. National flag carrier Vietnam Airlines and low-cost airline Vietjet Air outperformed the others, running 11,106 and 12,008 flights, respectively. It showed that Vietjet Air was the least punctual with 2,885 flights delayed, … [Read more...] about CAAV asked to tackle high rates in flight delays, cancellations