USAID supports flood-affected people in Quang Ngai province. - Illustrative image (Photo: VNA) Hanoi (VNA) – As many as 456 households in Nghia Hanh district of the central province of Quang Ngai will benefit from financial support funded by the US Agency for International Development (USAID) for repairing and reinforcing their houses damaged by typhoons and floods last year. Under a decision issued on March 4 by the provincial People’s Committee, 11.6 billion VND (503,745 USD) will be distributed directly to the households in the two phases. The funding is part of the 12.3-billion-VND aid package pledged by USAID to support flood-affected people in the district. The remaining amount will be used to overcome consequences of natural disasters and repair and consolidates houses for local residents./. VNA … [Read more...] about USAID supports flood-affected people in Quang Ngai province
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VIETNAM NEWS HEADLINES MARCH 5 (updated hourly)
Many elderly people join 2nd stage of Nano Covax vaccine trials A total of 367 volunteers, including 30 aged over 60, have been injected with Nano Covax, Vietnam’s first homegrown COVID-19 vaccine candidate, in the second phase of its human trials, according to the Military Medical University. The second stage has been conducted by the university and the Ho Chi Minh City-based Pasteur Institute since February 26. It has been carried out at the university in Hanoi and the medical centre of Ben Luc district in the southern province of Long An, with the participation of 560 volunteers aged from 12-75, including 80 aged over 60. They will receive two doses of either the vaccine or the placebo AIPO4, with an interval of 28 days. Each volunteer will be monitored for 12 months after the first dose. Volunteers receiving shots on the morning of February 26 will receive the second doses in late March. Lieutenant-General Do Quyet, Director of the Military Medical University, said since … [Read more...] about VIETNAM NEWS HEADLINES MARCH 5 (updated hourly)
VIETNAM BUSINESS NEWS MARCH 5
Vietnamese and Japanese firms receive support to expand operations The Japan Trade Promotion Organisation (JETRO) will host an online scheme on March 3 in Hanoi aimed at connecting Japanese businesses in the field of manufacturing and production, known as Monozukuri in Japanese term to facilitate co-operation amid the negative impacts caused the COVID-19 pandemic. According to a representative from the JETRO, the business matching programme will see the participation of 40 Japanese companies for the purpose of accelerating the development of the country’s supporting industry. At present, the scheme has received registration for 50 negotiations from enterprises from Japan, Vietnam, and Taiwan (China), whilst it is still receiving registration from businesses wishing to purchase and seek Japanese suppliers in the Monozukuri field until March 1. A recent survey conducted by the JETRO unveiled that Japanese businesses remain keen on the Vietnamese market as the … [Read more...] about VIETNAM BUSINESS NEWS MARCH 5
Southern provinces attract FDI as existing investors vote with their feet
Provinces such as Đồng Nai and Bình Duơng are seeing more and more investment from existing investors who have had a good run there. – Photo baotintuc.vn HCM CITY – The southern key economic zone is increasingly attracting investments from foreign investors who have already tasted success there. Most of the investment is in hi-tech and supporting industries. In Đồng Nai Province, dozens of foreign businesses have been expanding or investing in new projects. Some of the notable ones approved this year include two electronic part and component factories by Korean companies Hansol Electronics Việt Nam and Platel Vina at a cost of US$100 million and $30 million. The two already have successful projects in HCM City and Đồng Nai. Cao Tiến Dũng, chairman of the Đồng Nai People’s Committee, said there are around 372 projects from Korea and 253 from Japan in local industrial parks. Companies from the two countries have been investing anew and expanding in the … [Read more...] about Southern provinces attract FDI as existing investors vote with their feet
The North-South high-speed railway should be for both passengers and freight
Former Deputy Minister of Transport Lã Ngọc Khuê. Photo laodong.vn Former Deputy Minister of Transport Lã Ngọc Khuê spoke to Lao động (Labour) newspaper about the feasibility of options to develop a North-South high-speed railway in Việt Nam. The Ministry of Transport has submitted a pre-feasibility study for the North-South high-speed railway project to Prime Minister Nguyễn Xuân Phúc. According to the option proposed by the ministry, the railway would have a designed speed of up to 350km per hour and a practical speed of 320km per hour. The railway would be for carrying passengers only. What do you think about this? I don’t think this option is technically and economically feasible, plus it could pose risks to the North-South high-speed railway project. First of all, in terms of economics or investment efficiency, the transport ministry proposed the project with a total investment of about US$60 billion – a huge investment. The project will take a long time, which … [Read more...] about The North-South high-speed railway should be for both passengers and freight