(VEN) - According to the Japan External Trade Organization (JETRO), Japanese companies invested more than US$8.6 billion in Vietnam in 2017, a sevenfold increase compared with 2016. This accounted for more than one third of total foreign investment in Vietnam last year, placing Japan at the top of the list of foreign investors. Japanese investment in Vietnam is concentrated in retail and real estate Higher profit The results of a recent survey carried out among 652 of the 2,540 Japanese companies currently operating in Vietnam show that 88 percent of these companies run profitable businesses, while more than 70 percent intend to expand operations in the future. Chief Representative of JETRO in Ho Chi Minh City, Takimoto Koji, attributed the growth of Japanese investment in Vietnam to projects in the field of infrastructure for power generation, electronics, real estate and fiber production. Investment in other areas, such as warehousing, transportation, … [Read more...] about Japanese investors optimistic about Vietnam
Vietnam politics
Japan, Vietnam Deepening Bilateral Relationship
In 2017, the strengthening of ties between Vietnam and Japan was reflected in events such as the visit of their majesty Emperor and Empress of Japan to Vietnam, proactive visits by the government leaders of both Vietnam and Japan to each others’ countries, the cooperation from Japanese local authorities and universities, and a variety of interactions among people in both countries. Expanded economic relations led Japan to rank first among countries with foreign direct investment in Vietnam. Political and social aspects of Vietnam were stable last year. In terms of the economy, the real economic growth rate last year was recorded as high as an estimated 6.81 per cent, a great achievement after 10 years of slower growth, while prices and the exchange rate were stabilised. On the other hand, issues including stagnation of productivity, environmental pollution, inequality, disaster mitigation, and corruption were more clearly identified. Some projects achieved steady … [Read more...] about Japan, Vietnam Deepening Bilateral Relationship
Vietnam, US to promote cooperation relationship
Vice President and General Secretary of the Vietnam Union of Friendship Organisations (VUFO) Don Tuan Phong made the remarks at a reception in Hanoi on Monday for a delegation from the American Council of Young Political Leaders (ACYPL). The guests expressed their hope for more activities to bolster bilateral relations.During the visit, the delegation will visit the Vietnam Friendship Village, learn about Vietnam’s efforts to mitigate war consequences, and hold working sessions with the Ministry of Foreign Affairs, the Hanoi municipal People’s Committee and the Vietnam Chamber of Commerce and Industry (VCCI). … [Read more...] about Vietnam, US to promote cooperation relationship
Moroccan President of House of Representatives to visit Vietnam
The visit is to be made at the invitation of National Assembly Chairwoman Nguyen Thi Kim Ngan, stated the National Assembly’s Committee for External Affairs.Vietnam and Morocco first established diplomatic ties in 1961.The two countries have witnessed strong growth in their bilateral ties across the fields of politics, economy, commerce and culture. The two countries have held regular exchanges of delegations at all levels, signed and brought into force a number of cooperation and partnershipagreements, and increased their bilateral trade volumes. Theo NDO/VNA … [Read more...] about Moroccan President of House of Representatives to visit Vietnam
American young political leaders council delegation visits Vietnam
Hanoi (VNA) - Vice President and General Secretary of the VietnamUnion of Friendship Organisations (VUFO) Don Tuan Phong hosted a reception inHanoi on November 11 for a delegation from the American Council of YoungPolitical Leaders (ACYPL).The delegation includes seven ACYPL members who arepolitical leaders and business owners aged from 31-42.At the meeting, Phong briefed the guests on Vietnam’ssituation and its relations with the US, saying that Vietnamese people want toboost cooperation with the US, particularly in the fields of education,economics, and trade.The guests showed their hope for more activities to bolsterthe bilateral relations.During its visit, the delegation will visit the VietnamFriendship Village, learn about Vietnam’s efforts to address war consequences,and hold working sessions with the Ministry of Foreign Affairs, the Hanoimunicipal People’s Committee and the Vietnam Chamber of Commerce and Industry(VCCI).-VNA … [Read more...] about American young political leaders council delegation visits Vietnam
Qatar values ties with Vietnam: State Minister for Foreign Affairs
He made the statement at a meeting with Deputy Prime Minister and Foreign Minister Pham Binh Minh in Hanoi on December 11, as part of his three-day official visit to the country starting on December 10.At the reception, Minh expressed his delight at robust growth of bilateral relations and put forth a number of measures to step up the engagements, particularly in economy and trade.He suggested a bilateral trade goal of US$1 billion, asking Qatar to facilitate Vietnam’s export of farm produce, food, and construction materials to the country.He proposed Qatar create conditions to receive more Vietnamese workers.He said Vietnam expects to welcome high-ranking delegations from Qatar in 2018, as the year marks the 25th anniversary of bilateral diplomatic relations.Earlier the same day, the Qatar official held talks with Deputy Foreign Minister Vu Hong Nam, during which both sides agreed to enhance bilateral friendship and exchange of delegations, particularly high-ranking ones.They … [Read more...] about Qatar values ties with Vietnam: State Minister for Foreign Affairs
Tourists change destination from Thailand to Vietnam
Tourists change destination from Thailand to VietnamDao Loan By Dao Loan - The Saigon Times Daily HCMC – Some travel firms say they have recently received requests about fees and contracts to serve international tourists who previously planned to visit Thailand but then decided to come to Vietnam instead. Nguyen Duc Chi, deputy head of the travel division under the HCMC Department of Culture, Sports and Tourism, said that a travel firm in HCMC was preparing to serve around 1,400 American tourists in April. Those tourists at first planned to travel to Thailand, but have later changed decision to avoid political chaos there. According to other travel firms in HCMC, foreign partners now ask for information about service fees more frequently and make more bookings. Some partners said they wanted to find new destinations to replace Thailand. Tu Quy Thanh, director of Lien Bang Travelink, said that his company has received requests for information about service fees for 14 … [Read more...] about Tourists change destination from Thailand to Vietnam
Communist Party chief laments political apathy among ‘a segment’ of young Vietnamese
Vietnam’s top leader took the stage on Monday to address the fading interest in politics among the younger generation and call for increased efforts to protect them from “bad and hostile” forces on the internet. Nguyen Phu Trong, General Secretary of the ruling Communist Party, said: “A segment of young people have lost trust in our revolutionary ideals.” “They have been manipulated by hostile forces to do things that run counter to the Party and the country’s direction,” Trong said in a 20-minute televised speech at the National Congress of the Ho Chi Minh Communist Youth Union, the largest social-political organization for Vietnamese youth. The event, which began Sunday in Hanoi with around 1,000 participants, is held every five years. It will conclude Wednesday. He criticized the Youth Union for failing to keep track of changes in young people’s awareness. He said that the union, as well as schools and families, need to make … [Read more...] about Communist Party chief laments political apathy among ‘a segment’ of young Vietnamese
Skyjacking in Vietnam – P6: The fate of Vietnam’s plane hijackers
One of the conspirators was given the death sentence while others received 20-35 year jail terms. >> Skyjacking in Vietnam: P5 – Hijacking military planes in broad daylight >> Skyjacking in Vietnam: P4 – Downing four hijackers >> Skyjacking in Vietnam: P3 – Tracking down perpetrators of 1978 DC4 hijack >> Skyjacking in Vietnam: P2 – 52-minute life-and-death ordeal >> Skyjacking in Vietnam: P1 – First hijackers While Mig fighter jets scoured Vietnam’s airspace in search of UH1 chopper number 576, Second Lieutenant Kieu Thanh Luc was landing the stolen helicopter in China.Luc was serving Regiment 917 when he was given a flight ban for violating military regulations. The resentment triggered by the ban eventually led the disgraced pilot to hijack a chopper at Bach Mai Airport in Hanoi on September 30, 1981.According to Duong Van Loi, an aviation officer under the former Saigon … [Read more...] about Skyjacking in Vietnam – P6: The fate of Vietnam’s plane hijackers
Vietnam attends political parties’ conference in Russia
Deputy head of the CPV Central Committee’s Commission for External Affairs Nguyen Tuan Phong leading the Vietnamese delegation The conference was attended byrepresentatives from political parties of ASEAN member nations and the URP.Acting General Secretary of the International Conference of Asian PoliticalParty Jeon Jae-man was present at the event as an observer. Delegates discussed topics relatedto dialogue among parties as a mechanism for enhancing relations between Russiaand ASEAN members. They highlighted the role played bypolitical parties, especially ruling parties, in promoting ties amongcountries. They also strongly opposed external intervention in countries’internal affairs. The Vietnamese delegates, led bydeputy head of the CPV Central Committee’s Commission for External AffairsNguyen Tuan Phong, contributed to the conference’s agenda. On the sidelines of the event, theVietnamese officials held a working session with representatives from the … [Read more...] about Vietnam attends political parties’ conference in Russia