The host official applauded Hyundai’s fruitful investment and business activities in Vietnam over the past few years, including its cooperation with the Truong Hai and Thanh Cong groups to manufacture, assemble, and distribute automobiles. He affirmed that developing the auto industry is a core policy in Vietnam’s industrialisation strategy with priorities given to the domestic industry to serve the local market. New policies that are consistent with one another, transparent, forecastable, and attractive will be made to ensure the sustainable development of the auto industry, Dung noted. Deputy Prime Minister Trinh Dinh Dung (R) receives Vice Chairman of Hyundai Engineering & Construction Co. Chung Jin-haeng. The Deputy PM hoped that Hyundai would continue cooperating with and transferring technologies and management skills to its Vietnamese partners, and raise the rate of locally-made components in its automobiles to at least 40 percent. Hyundai and … [Read more...] about Hyundai asked to make Vietnam its strategic production center
Da Nang to build horse racing center
Deputy Director of the city’s Investment Promotion Agency (IPA) Huynh Thi Lien Phuong, said an investor – Maxtrix Holdings – had asked the city to allocate 100ha for a race track and 200ha for a farm and training facilities. Lien said the city had chosen an appropriate area for the project. The project has the biggest investment of 44 plans approved by the municipal People’s Committee last month. Photo: zing.vn The city is also looking to develop the Da Nang Software Park No.2 on 5.26ha with an estimated USD 91.6 million, and the Pegasus University urban zone with an investment of USD 15 million. It said the project would include a software park, a 26-storey apartment building and offices. Da Nang will reserve land for building a financial center, casino and resort projects along Vo Van Kiet and Vo Nguyen Giap streets in Son Trà district. According to the IPA, Da Nang has granted 322 new licences for domestic investors worth VND 97 … [Read more...] about Da Nang to build horse racing center
VN launches IMC for DPRK-USA Ha Noi Summit
From right to left: Deputy Foreign Minister Le Hoai Trung (1st), Chairman of the Ha Noi Municipal People's Committee Nguyen Duc Chung (3rd), Deputy PM, FM Pham Binh Minh (5th), Minister-Chairman of the Government Office Mai Tien Dung (7th) at the inauguration of the IMC. Photo: VGP/Nhat Bac … [Read more...] about VN launches IMC for DPRK-USA Ha Noi Summit
Ha Noi prepares for DPRK-USA Summit
As the host of the second DPRK-USA Summit, Hanoi is trying its best to prepare for the upcoming event, which is under international focus. Day and night, Giang Vo street is busier than ever as workers are planting flowers and bushes in the lane separators. Local authorities hope the flowers will add a nice touch to the streets of Hanoi. Locals are excited to witness the summit. Other than carefully trimmed bushes and flowers, boards and public announcements for the summit are on display on every corner of the street. The summit takes place on the occasion of 20 years Hanoi received the City for Peace title from the UNESCO. Hanoi is working hard to promote an image of a peace loving city, with a thousand years of history.-VNA … [Read more...] about Ha Noi prepares for DPRK-USA Summit
HCM City focuses on industrial products
An exhibition on HCM City’s key industrial and agricultural product groups (Source: VNA) HCM City (VNS/VNA) – The HCM City People’s Committee will offer more support such as workforce training and financial assistance to companies that make key industrial products. Favourable loans policies and trade facilitation will also provide to businesses that make key industrial products, which include moulded metallic products such as high-precision moulds, steels and machine parts, electronic goods and cables, plastic and rubber, processed foodstuff, drinks, IT and clothing. Medicine, medicinal chemistry and pharmacognosy (study of plants and natural sources for use as drugs) are classified as product groups with high potential. The city will help businesses invest and expand their activities, as well as give priority to land for companies operating in key industrial product groups and groups with high potential. These businesses will receive favourable investment … [Read more...] about HCM City focuses on industrial products
Experts call for high-speed railway to ease Mekong Delta congestion
Illustrative image (Source: sggp) HCM City (VNS/VNA) - A high-speed rail route between HCM City and Can Tho will help smoothen passenger and cargo transport in the Mekong Delta, transportation experts have said. “The road network in the Mekong Delta can only meet 30 - 40 percent of transport demand while waterway transport from the Mekong Delta to HCM City is only possible through the Cho Gao Channel and dependent on the tide,” Bui Van Quan, chairman of the HCM City Cargo Transportation Association, told Sai Gon Giai Phong (Liberated Sai Gon) newspaper. … [Read more...] about Experts call for high-speed railway to ease Mekong Delta congestion
Annual traditional cake festival to return Can Tho city
The 8th annual Southern Traditional Cakes Festival will take place in the Mekong Delta city of Can Tho from April 12-16. (Photo: VNA) Can Tho (VNA) – The 8th annual Southern Traditional Cakes Festival will take place in the Mekong Delta city of Can Tho from April 12-16. The event is organised every year on the occasion of the Hung Kings’ death anniversary (10th day of the third lunar month). It aims to preserve the traditional culinary art, promote local cake trademarks, and expand markets for the local products. Themed “Taste of the southern region”, this year festival will feature 100 stalls displaying a wide range of cakes originated in Vietnamese southern localities while 100 others will showcase staples of other provinces and cities across the nation. According to Nguyen Khanh Tung, Director of Can Tho city Trade, Investment Promotion and Exhibition Centre-the organiser of the event, said that various activities will be held during the festival such as … [Read more...] about Annual traditional cake festival to return Can Tho city
Former information ministers put into custody
16:05 | 23/02/2019 VGP - Former Minister of Information and Communications Nguyen Bac Son and his successor Truong Minh Tuan were prosecuted and put into custody on February 23. Nguyen Bac Son (L) and Truong Minh Tuan (R) The pair were accused of violating provisions on the public investment capital management and use and causing serious consequences. The move was made at decisions and orders by the Ministry of Public Security and approved by the Supreme People’s Procuracy the same day. The ministry is currently accelerating the investigation into the case in line with the provisions of the law. Son has been disciplined by having his status as former Minister of Information and Communications of the 2011-2016 tenure erased. On October 6 last year, the Party Central Committee disciplined Son by stripping him of the status of a member of the Party Central Committee of the 11th tenure and the Secretary of the Party Committee of the ministry of the 2011-2016 tenure. … [Read more...] about Former information ministers put into custody
Int’l media centre for 2nd DPRK-USA Summit inaugurated
Inside the centre (Source: VNA) Hanoi (VNA) – Deputy Prime Minister and Foreign Minister Pham Binh Minh cut the ribbon to inaugurate an international media centre in service of the DPRK-USA Hanoi Summit Vietnam in Hanoi on February 23. Located at the Cultural Friendship Palace at No. 91 Tran Hung Dao street, the centre will officially start operation on February 26. Speaking at the event, Deputy PM Minh said work on the media centre has been completed after just over one week thanks to the close coordination of ministries and agencies. He affirmed that Vietnam is now ready for the second DPRK-USA Summit to be held in the capital city from February 27-28 as well as relevant bilateral activities. He assured the media that with state-of-the-art equipment, the centre will allow them to work in the fastest and most effective way. It will be open round-the-clock with dining, working and functional spaces. The Deputy PM took the occasion to stress that Vietnam always … [Read more...] about Int’l media centre for 2nd DPRK-USA Summit inaugurated
Indonesia foils terrorist attack plot
Illustrative image (Source: AFP) Hanoi (VNA) - Indonesian police announced on February 22 that they have thwarted a terrorist plan to attack police and seize a large volume of weapons in Yogyakarta province. National police spokesman General Dedi Prasetyo said the police arrested one plotter named Abu Hilwa, alias Andalus, and are hunting other suspects. Hilwa was arrested on February 14 in Temanggung of central Java province and is alleged to be a member of Jemaah Anshorut Daulah (JAD), which is an allegiance of the IS terrorist group in Syria. He admitted that he is plotting a terrorist act together with three others to attack police personnel in Yogyakarta. The spokesman said Hilwa along with his terrorist fellows also intended to conduct shootings at police personnel. Investigation is underway. Hilwa was deported from the Philippines after he joined a military exercise along with Adi Jihadi, a militant who channeled funds to finance the suicide bombings in Jakarta … [Read more...] about Indonesia foils terrorist attack plot