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Accordingly, the total investment is estimated at roughly VND32.5 trillion ($1.4 billion). The two thermal projects will be built in Ong Keo Industrial park, Phuoc Khanh commune, Nhon Trach district, Dong Nai province. With its favourable location and solid infrastructure of the Southern key economic zone, the province of Dong Nai has become the focus of attention of property developers for years. … [Read more...] about PV Power to invest and build Nhon Trach 3 and Nhon Trach 4 thermal power plants

This allows holders to remain in the country if they have no other visa options and are unable to depart due to COVID-19 travel restrictions. Applicants must demonstrate why they can’t meet the requirements for another visa, according to the Australian Department of Home Affairs. … [Read more...] about Young people involved in Vietnam’s fight against COVID-19

Hanoi (VNA) – The EU-Vietnam Free Trade Agreement (EVFTA) strengthens EU economic links with Southeast Asia and will potentially contribute to its recovery after the coronavirus crisis, moderndiplomacy.eu quoted an EU official as saying in a story published on August 3. The EVFTA, which took effect on August 1, will not only ultimately scrap duties on 99 percent of all goods traded between the two sides but also make it easier for European companies to do business in Vietnam, according to the site. They will now be able to invest and pitch for government contracts with equal chances to their local competitors, it said. Under the new agreement, the economic benefits go hand in hand with guarantees of respect for labour rights, environment protection and the Paris Agreement on climate, through strong, legally binding and enforceable provisions on sustainable development. “The European economy needs now every opportunity to restore its strength after the crisis triggered by … [Read more...] about EVFTA expected to contribute to EU recovery after coronavirus crisis

“All the sectors of the national economy, including the agricultural sector, are taking steps to prevent damage from the downpour,” state news agency KCNA said on Tuesday, saying that some areas were predicted to receive as much as half a metre (20 inches) of rain. … [Read more...] about Hundreds of Koreans flee as floods trigger landslides, sweep away cars

Hanoi (VNA) - Deputy Minister of Industry and Trade Do Thang Hai on August 4 held a virtual meeting with Rodrigo Yáñez Benitez, Under-Secretary for International Economic Relations at the Chilean Ministry of Foreign Affairs, to boost economic and trade cooperation between the two countries. The meeting aimed at promoting bilateral collaboration amid COVID-19, taking full advantage of the Vietnam-Chile Free Trade Agreement and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Both sides expressed their delight at growth in bilateral trade in 2019, as Chile became Vietnam’s fourth-largest partner in Latin America with revenue of 1.23 billion USD, up 12.95 percent year-on-year. Notably, two-way trade then reached nearly 568 million USD in the first half of 2020 despite the serious impact of COVID-19, down just 1.04 percent year-on-year. The two officials proposed intensifying supply chains as well as the production and export of face … [Read more...] about Vietnam, Chile seek to foster economic, trade cooperation