Viet Nam needs breakthrough reforms in the national foreign direct investment (FDI) approach to sustain the country’s rapid economic development, competitiveness and inclusive prosperity. – VNA/VNS Photo Viet Nam needs breakthrough reforms in the national foreign direct investment (FDI) approach to sustain the country’s rapid economic development, competitiveness and inclusive prosperity, according to a report launched by the International Finance Corporation (IFC) and the Ministry of Planning and Investment (MPI) yesterday. The Recommendations on Viet Nam Next Generation FDI Strategy and Vision 2020-30 report says Viet Nam has been an attractive destination for FDI for about 30 years. FDI capital has become a major driver of Viet Nam’s economic development and international integration, creating large numbers of jobs, diversifying exports, improving technology and facilitating economic restructuring. In the last decade, annual FDI inflows shot up by a factor … [Read more...] about Viet Nam needs reforms for new FDI strategy
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Thailand’s SCG says Viet Nam its new manufacturing hub
Viet Nam will become its second manufacturing hub after Thailand, South-east Asian conglomerate SCG has announced. — VNS Photo Viet Nam will become its second manufacturing hub after Thailand, South-east Asian conglomerate SCG has announced. On the sidelines of an interaction with the media in HCM City, Marty Lin Mahaplerkpong, vice president of SCG Vietnam Company Ltd, told Viet Nam News: “It means that we will invest more in the Vietnamese market.” SCG, which has been in Viet Nam since 1992, had 22 operations with more than 8,600 employees in this country as of the first quarter of last year. Its core businesses are cement-building materials, chemicals and packaging. At the beginning of this year it invested $5.4 billion in its flagship project, Long Son Petrochemicals. The Thai company has consistently undertaken community programmes as part of its corporate social responsibility. They include “sharing the dream playground” under which it installed … [Read more...] about Thailand’s SCG says Viet Nam its new manufacturing hub
Viet Nam climbs up on UL safety index
Representatives of UL speak about the latest safety index in Việt Nam.-- VNS Photo Viet Nam is becoming a safer nation relative to many others, and once again improved its safety ranking in 2017, according to the latest report released by Underwriters Laboratories (UL), a global safety science company. In the latest UL Safety Index, Viet Nam moved up 11 places to 76th. The overall injury rates in the country decreased sharply last year, with drowning deaths falling by 15 per cent, poisoning by 14 per cent and transport deaths by 8 per cent, according to the report. “Our mission is to help advance safe living and working environments for people in Việt Nam and around the world, and contribute to the discourse on public health and safety,” David Wroth, director, Data Science– UL, said. “The findings from the study this year illustrate that Việt Nam is performing better in its overall efforts to improve safety.” The index attributes the … [Read more...] about Viet Nam climbs up on UL safety index
Viet Nam imports flowers worth $18m for Tet
Red apricot blossom from Taiwan. Viet Nam imported flowers and ornamental plants worth US$18 million for the Lunar New Year 2018. — File Photo Viet Nam imported flowers and ornamental plants worth US$18 million from December 1, 2017, to January 31, 2018, for the Lunar New Year. This is a sharp increase of 46.8 per cent against last year, according to the General Department of Customs. The countries witnessing a high surge in export value of these products to Viet Nam included the Netherlands (up 76 per cent to $5 million compared to before Tet last year) and China (up 80.8 per cent to $3.6 million). This year’s imported products included fresh flowers and living ornamental plants reaching $7.9 million, accounting for 43.8 per cent of the total import value. They included orchids, rhododendron, dumb cane plants and cedrus bonsai trees. Of these, flowers and plants worth $3.3 million, including orchids reaching over $2 million, were imported from mainland China, while the … [Read more...] about Viet Nam imports flowers worth $18m for Tet
19th Annual Charming Viet Nam Charity Show to Open HCMC New Year
The 19th annual Charming Viet Nam (Duyen Dang Viet Nam) show, Thanh Nien newspaper’s fundraising musical and fashion show, is be held at the Hoa Binh Theater, January 3-6.The usual suspects from the local scene are to perform, Ta Minh Tam, Thanh Lam, My Linh, My Tam, Phuong Thanh, Dam Vinh Hung, Quang Dung, Ha Anh Tuan, Phuong Linh, Anh Khoa, Ho Ngoc Ha, Nguyen Thao, Duc Tuan, the Five Dong Ke girl band and others. Source: SGGP Top models will take part in the 19th annual Duyen Dang Viet Nam show. (Photo: TNO) … [Read more...] about 19th Annual Charming Viet Nam Charity Show to Open HCMC New Year
The 2007 Viet Nam Cultural Heritage Day Opens
The 2007 Viet Nam Cultural Heritage Day have been taking place at the Van Ho Culture and Art Exhibition Center in Ha Noi on November, 21.The Vietnam Heritage Festival this year opened with the theme “Ha Long – World Heritage” .Most activities of the weeklong festival will focus on honoring the beauty of Ha Long Bay, according to the Ministry of Culture, Information and Tourism.According to Deputy Minister of Culture and Sport, Tran Chien Thang, the festival aims to praise Vietnam’s cultural heritage. This year’s theme is focused on the Ha Long Bay, on the ocassion of the Bay’s nomination to be one of the world’s 7 natural wonders by the New Open World organisation, with the hope that the Bay will be selected as a world wonder. The festival has an exhibition named “Ha Long Bay – World Natural Heritage” introducing Ha Long Bay, a heritage site recognised by UNESCO. The exhibition focuses on Ha Long Bay’s special … [Read more...] about The 2007 Viet Nam Cultural Heritage Day Opens
PM Phuc attends Annual Viet Nam Business Forum 2017
The Annual Viet Nam Business Forum 2017. Photo: VGP Participants to the forum are expected to focus on figuring out measures to spur productivity and industrial development in the context of the 4th Industrial Revolution as well as the development of the private sector.Representatives of the Viet Nam Chamber of Commerce and Industry (VCCI) and Business Associations of the Republic of Korea, Japan, the European Union and the US are expected to roll out legal and policy recommendations for Viet Nam to further improve its business climate and boost sustainable development and international integration.Viet Nam’s GDP rose from US$27 billion in 1997 when the forum was established to about US$220 billion in 2017 partly thanks to the expansion of the Vietnamese business community./. By Ngoc Van … [Read more...] about PM Phuc attends Annual Viet Nam Business Forum 2017
Promoting tourism cooperation between Iran and Viet Nam
(TITC) - From 5 to 12 December 2017, accepting the invitation of Vietnamese Ambassador to Iran, the delegation of Viet Nam National Administration of Tourism (VNAT) and 14 Vietnamese tour operators have conducted the fam trip to Iran. On 6 December 2017, at the headquarters of the Vietnamese Embassy in Tehran, VNAT in coordination with Vietnamese Embassy in Iran organized the working meeting between Iranian and Vietnamese tour operators. At the meeting, Vietnamese Ambassador to Iran Nguyen Hong Thach and Deputy Chief of Office of VNAT Bui Duy Hung briefed on the tourism development of the two countries. They also expressed the hope that this meeting will be a new beginning for Viet Nam - Iran tourism cooperation. On this occasion, the tour operators of Iran and Viet Nam actively exchanged and looked for cooperation opportunities to promote and accelerate the visitor exchange between the two countries. Some photos at the meeting: Thu Giang … [Read more...] about Promoting tourism cooperation between Iran and Viet Nam
Viet Nam APEC 2017 proves success of national unity
Illustration photo The important diplomatic event brought together all leaders of 21 Asian-Pacific economic economies; inspired national pride in which Viet Nam enjoyed a chance to practically contribute to the development process of APEC and play the increasing role at the international arena. Viet Nam, one of the youngest members of the forum, was honored to become the chair of APEC for the second time. The country early set up a national steering committee, aide groups, and personnel to prepare for the APEC Year. The 2017 APEC National Committee was founded on July 16, 2015 and led by Deputy PM Pham Binh Minh. It comprised 26 ministerial, sectoral, and local leaders.Deputy FM Son stressed that the most outstanding success of the 2017 APEC Year was collective factors especially the sound and excessive interests of the Party, State, and Government; especially the top leaders, positive participation and support of ministries, agencies, localities, … [Read more...] about Viet Nam APEC 2017 proves success of national unity
Viet Nam establishes its first National Committee on Children to advance child rights
The Government of Viet Nam launched the first National Committee on Children on December 6th 2017 in Ha Noi. On this occasion, reporter of the Communist Party of Viet Nam Online Newspaper interviewed Mr. Youssouf Abdel-Jelil, UNICEF Representative in Viet Nam, about his opinion on the establishment of the first National Committee on Children as well as his assessment on Vietnamese Government's efforts to boost implementing child rights. Reporter: What do you think about the legal reform that Viet Nam has undertaken recently to advance child rights? Viet Nam has undertaken significant legal reform in recent years. Indeed, the Constitution, which was approved by the National Assembly in 2013, has a chapter on human rights with a specific provision on children’s rights and the role of the State in ensuring the protection of children. Importantly, the recently enacted Law on Children further articulates these Constitutional provisions by providing the legal … [Read more...] about Viet Nam establishes its first National Committee on Children to advance child rights