1H FDI disbursement at $8.37 bn FDI projects were estimated to have disbursed $8.37 billion in the first half of this year, up 8.4 per cent year-on-year. Vietnam had 25,953 valid projects as at the end of the first half, with total registered capital of $331.24 billion. Total disbursed FDI capital was estimated at $180.74 billion, or 54.6 per cent of total registered capital in valid projects. Foreign investors have invested in 19 out of the 21 sectors in Vietnam to date, in which processing and manufacturing accounted for the highest proportion, with $189.13 billion, or 57.1 per cent of total investment capital, followed by real estate with $56.2 billion, or nearly 17 per cent, and the production and distribution of electricity, water and gas, with $21.92 billion, or 6.6 per cent. Valid projects come from 128 countries and territories. South Korea ranks first, with total registered capital of $61.67 billion, accounting for 18.6 per cent of the total. Japan ranked second, with $55.45 … [Read more...] about BUSINESS IN BRIEF 5/7
Institutional improvement must for effective disaster prevention Workers fix an irrigation project damaged by floods in northern mountainous Lai Châu Province’s Than Uyên District. Việt Nam should improve the country’s institutions and legal documents to enhance efficiency in natural disaster prevention and control, said Hoàng Văn Thắng, deputy minister of agriculture and rural development. He said this during the second consultation meeting in Hà Nội on Wednesday mainstreaming the content of the Sendai Framework for Disaster Reduction in the context of the national strategy for natural disaster prevention and control till 2030, with a vision to 2050. The meeting was co-organised by the Central Steering Committee for Natural Disaster Prevention and Control and the Japanese International Cooperation Agency (JICA). Thắng said disaster management should have integrated solutions and that disaster risk management should be a … [Read more...] about Social News 5/7
VietNamNet Bridge - Scientific research remains one of the weakest points of Hanoi and HCMC National Universities, which appeared in the QS 2019 ranking. Vietnam's universities are weak at scientific research In the QS World University Ranking 2019 that ranks 1,011 leading universities in the world (QS World), HCMC National University appears in the group of schools ranked from 701st to 750th, while the Hanoi National University was in 801st-1,000th. In the QS World University Ranking 2019 that ranks 1,011 leading universities in the world (QS World), HCMC National University appears in the group of schools ranked from 701st to 750th, while the Hanoi National University was in 801st-1,000th. Also according to Tuan, among the best known rankings, QS is the most criticized, especially for its methodology. RELATED NEWS Two Vietnam’s universities listed in QS top 1,000 schools University accreditation: ‘a game of the rich’? Kim Nam … [Read more...] about How do Vietnam’s two schools in the QS ranking fare in research capacity?
About 80km from Hanoi, Tam Dao in the northern province of Vinh Phuc is known as the ‘Da Lat in the north’ thanks to its year-round cool climate with average temperatures of 18 degrees Celsius and stunning natural scenery. About 80km from Hanoi, Tam Dao in the northern province of Vinh Phuc is known as the ‘Da Lat in the north’ thanks to its year-round cool climate with average temperatures of 18 degrees Celsius and stunning natural scenery. It is easy to travel to Tam Dao by motorbike or car. Accommodation is rather cheap with scenic views and many comforts for travelers. Tam Dao Television Tower is situated at a height of 1,375 metres on the top of Thien Nhi Mountain. Scenic views on the way to the Television Tower. The Old Stone Cathedral in Tam Dao was built in 1906 and has become a must-see destination for visitors. Thac Bac (Silver) Waterfalls. Ba Chua Thuong Ngan temple high among the clouds. Dantri/VOV … [Read more...] about Tam Dao
VietNamNet Bridge - A conventional wind turbine (> 1 MW) comprises 8,000 components, many of which Vietnam could manufacture. A conventional turbine comprises 8,000 components Although many wind power projects have been registered in Vietnam, only four plants with total capacity of 160 MW have become operational. Under the national strategy on developing renewable energy by 2030, 30 percent of value of the devices used in renewable energy will be manufactured in Vietnam by 2020 and 60 percent by 2030. It is expected that by 2050, domestic production will be enough for domestic consumption and for export. Localizing the production of wind turbines will help settle the problems. RELATED NEWS Wind power projects still struggling to take off Vietnam wants to develop high-tech wind power plants Mai Thanh … [Read more...] about Developing a domestic wind turbine industry
VietNamNet Bridge - Vietnam is still the Number 1 cashew exporter in the world with 65 percent of market share, but cashew companies are facing problems such as lack of raw materials. Vietnam is still the Number 1 cashew exporter Dang Hoang Giang, deputy chair of the Vietnam Cashew Industry (Vinacas), said by the end of May, Vietnam had exported 141,000 tons of cashew nuts, worth $1.396 billion, an increase of 21.4 percent in quantity and 25.35 percent in value. It is expected that total export turnover would reach $3.7 billion in 2018, an increase of $80 million over 2017. With the figure, Vietnam will still be the biggest processor and exporter in the world for the 13th consecutive year. However, the profits Vietnam make are unsatisfactory. In the global value chain, farmers and processors pocket 30-35 percent of profits, while the remaining belongs to foreign roasters and traders. It is expected that total export turnover would reach $3.7 billion in 2018, an increase … [Read more...] about Vietnam cashew industry: the more exports, the bigger losses
Digiworld targets revenue of $206 million in 2018 More Vietnamese companies keen on Dubai marketHaiphong boosts FDI attraction through key infrastructure connectivityVinh Tan 1 thermal plant to reduce power thirst in southern provincesThaco transfers bus manufacturing technology to KazakhstanAppworld nursery launched to support mobile startup appsMWG counting on Bach hoa Xanh chainShinhan Bank partners with MoMo to launch overseas remittancesVIISA invests $60,000 in four startupsBusinesses requested to comply with software copyright lawsExports of textiles and garments up stronglySilt buildup, high logistics costs hinder Mekong Delta’s exportNew incentive policies for agriculture and rural development projectsCountries plan Asia-Europe railway systemBusiness environment still needs further improvingNokia cuts deal with Thegioididong to boost phone salesTalanx eyes controlling stake in PVI … [Read more...] about BUSINESS IN BRIEF 30/4
Irrationalities in urban planning and management have led to an overly dense urban population and an overloaded transport infrastructure in the capital city of Hà Nội, affecting the lives of local residents. An snapshot of Trung Hòa – Nhân Chính urban area in Hà Nội’s Thanh Xuân District. Irrationalities in urban planning and management have led to an overly dense urban population and an overloaded transport infrastructure. More than ten years ago, an apartment in the Linh Đàm urban area was the dream of many middle and low-income families in the capital. But now, it has been degrading and disappointing. Bùi Quang Đông, who lives in the HH4C Apartment Building, said he borrowed money from his friends and relatives to buy an apartment here with the hope that his family would enjoy a good atmosphere and service. However, it didn’t meet his expectations. The thing that made him dissatisfied the most … [Read more...] about Inadequate urban planning stresses residents
VietNamNet Bridge - Twenty-one tons of coffee in Dak Nong province made of battery powder have been seized as ‘dirty coffee’. However, no one can define what ‘clean coffee’ means. According to Nguyen Viet Vinh, secretary general of the Vietnam Cocoa and Coffee Association (Vicofa), one of the hottest issues now is the absence of national standards for roasted coffee. As a result, roasters add non-coffee elements into real coffee and sell their products as ‘genuine coffee’. “The lack of national standards for roasted coffee places difficulties on agencies to control coffee quality in the market, while ‘mixed’ coffee is labeled as genuine coffee,” he commented. The Ministry of Agriculture and Rural Development (MARD) has set up two standards related to coffee processing. These include national standards for coffee processing units and national standards for coffee beans. In principle, coffee roasters must declare … [Read more...] about What is the standard for ‘safe roasted coffee’?
A sacred ceremony that is organised every five years in Hanoi’s Xuan Dinh village is dedicated to a local woman who brought prosperity to the locality in the 17th century. Que palace is dedicated to Queen Vu Thi Ngoc Xuyen, wife of Trinh Tac Lord, and their daughter Princess Trinh Thi Ngoc Cang. Que Phu, or Que palace, is a traditional architectural work built towards the end of the latter Le dynasty. Located in the Loc hamlet of Hanoi’s Xuan Dinh ancient village, located by West Lake, the palace is dedicated to Queen Vu Thi Ngoc Xuyen, wife of Trinh Tac Lord, and their daughter Princess Trinh Thi Ngoc Cang. The palace is medium-sized but its scientific, historical, artistic and architectural values have made it famous in Vietnamese history. Trinh Tac was one of the most successful of the Trinh Lords who ruled northern Vietnam. He took control of the Vietnamese government at a time when things looked bleak as the 1627-1673 Trinh-Nguyen war was waged between the two … [Read more...] about Flying on air