Screening proposed for improved foreign investment

Screening proposed for improved foreign investment

(VEN) - Foreign direct investment (FDI) has contributed significantly to the Vietnamese economy since the Law on Foreign Investment in Vietnam was promulgated in 1987. However, Vietnam is mulling effective screening tools to enhance FDI quality.
Wanted: Foreign investors for Nghe An

Wanted: Foreign investors for Nghe An

(VEN) - The north-central Vietnamese province of Nghe An is creating favorable conditions to attract investment especially foreign direct investment (FDI) in industrial development in order to fulfill its targets.
Foreign investment continues to spike

Foreign investment continues to spike

(VEN) - In the first 10 months of 2022, foreign direct investment (FDI) flows into Vietnam continued growing, reflecting foreign investor trust in the Vietnamese economy and investment environment.
RoK investors eye expanded Vietnam presence

RoK investors eye expanded Vietnam presence

(VEN) - According to the Ministry of Planning and Investment, the Republic of Korea (RoK) remained Vietnam’s second largest foreign investor with 9,400 projects and accumulated registered capital of US$80.5 billion as of the end of September 2022. In the first nine months of this year, the RoK ranked 2nd among 97 countries and territories having investment projects in Vietnam with 290 projects and total registered capital of more than US$3.8 billion.
Viet Nam calls for more investment in green growth

Viet Nam calls for more investment in green growth

Deputy Prime Minister Tran Hong Ha called on foreign businesses to boost investment, support Viet Nam in green growth, and well implement international commitments on sustainable development and climate change, including UNCOP26 commitments to achieving net-zero emissions by 2050.
Hanoi attracts nearly US$1.7 billion in FDI in 2022

Hanoi attracts nearly US$1.7 billion in FDI in 2022

Hanoi attracted US$1.69 billion in foreign direct investment (FDI) last year, still among the localities leading the nation in this field.
FDI disbursement exceeds US$20 billion

FDI disbursement exceeds US$20 billion

(VEN) - Foreign direct investment (FDI) disbursement reached more than US$20 billion in 2022 - the highest level in five years, aiding post-pandemic recovery.
Hanoi, a leading FDI attractor

Hanoi, a leading FDI attractor

(VEN) - The development of a network of industrial parks and clusters as well as efforts to accommodate investors have maintained Hanoi’s top standing in attracting foreign direct investment (FDI).
Vietnam diversifies investment attraction

Vietnam diversifies investment attraction

(VEN) - While the global economy is falling into a recession and many countries are facing high inflation and negative growth, Vietnam has maintained positive economic growth which enables it to attract foreign direct investment (FDI) in a wide range of fields.
Boosting investment among Mekong Delta countries

Boosting investment among Mekong Delta countries

(VEN) - According to data from the Foreign Investment Agency of the Ministry of Planning and Investment, in the first nine months of 2022, four Greater Mekong Sub-region (GMS) countries invested US$13.23 billion in Vietnam through 707 projects. Thailand topped the list with 668 projects worth US$13.1 billion.
MoiT boosts capital disbursement

MoiT boosts capital disbursement

(VEN) - Vietnam Economic News’ Viet Nga spoke with Ngo Quang Trung, Director of the Ministry of Industry and Trade’s (MoIT) Agency for Regional Industry and Trade (ARIT) about industry promotion cooperation with provinces/cities.
Son La Province enhances capital disbursement

Son La Province enhances capital disbursement

(VEN) - The Industry Promotion Center of the northern mountainous province of Son La is accelerating the disbursement of capital allocated for industry promotion projects in the province.
Foreign investors expand retail industry

Foreign investors expand retail industry

(VEN) - Many foreign retail groups have announced plans to expand their investment in supermarket chains and convenience stores in Vietnam.
Red River Delta attracts logistics investment

Red River Delta attracts logistics investment

(VEN) - Localities in the Red River Delta have been attracting growing investment in logistics facilities, transport infrastructure, warehousing and port services catering for import-export activities.
Vietnam draws increased foreign investment

Vietnam draws increased foreign investment

(VEN) - Vietnam has become an increasingly attractive destination for foreign investors amid unpredictable fluctuations in the global economy.
Transparency needed to attract Fortune-500 firms

Transparency needed to attract Fortune-500 firms

(VEN) - Vietnam is fully capable of attracting the largest Fortune-500 corporations if the country exploits its potential and makes good use of opportunities. Nguyen Van Toan, deputy chairman of Vietnam’s Association of Foreign-Invested Enterprises, talked about the issue with Vietnam Economic News’ Nguyen Hoa.
Hanoi industrial zones draw foreign capital

Hanoi industrial zones draw foreign capital

(VEN) - The Hanoi Industrial and Export Processing Zones Authority plans to establish a new industrial zone and complete investment procedures for other industrial zones and high-tech parks in the second half of 2022.
Changes required for Vietnam to lure more foreign capital

Changes required for Vietnam to lure more foreign capital

(VEN) - Vietnam has done well in attracting foreign direct investment (FDI), but the country needs to make changes to lure more high-quality foreign capital.
Officials urge greater state investment in industry promotion

Officials urge greater state investment in industry promotion

(VEN) - State capital for industry promotion remains modest, while funding for industry promotion in general has decreased considerably due to COVID-19 over the past two years.
KOTRA Hanoi holds over 40 meetings between Vietnamese and RoK firms

KOTRA Hanoi holds over 40 meetings between Vietnamese and RoK firms

On June 9, KOTRA Hanoi held over 40 meetings between Vietnamese companies and enterprises from the Republic of Korea (RoK).
Vietnam’s renewable energy sector lures foreign investors

Vietnam’s renewable energy sector lures foreign investors

(VEN) - Vietnam’s goal of raising renewable power sources to 45 percent of the national power generation capacity by 2030 requires US$14 billion, offering opportunities for both domestic and foreign investors.
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Lao mission in Geneva joins Vietnamese counterparts on Lunar New Year festival

Lao mission in Geneva joins Vietnamese counterparts on Lunar New Year festival

Ambassador Latsamy Keomany, Head of the Lao Permanent Mission to the UN, WTO and other international organisations in Geneva, has extended best wishes to Vietnamese Ambassador Le Thi Tuyet Mai and staff on the occasion of Tet (Lunar New Year) festival.
Intertwined opportunities, challenges for Vietnam’s economy in 2023

Intertwined opportunities, challenges for Vietnam’s economy in 2023

With certain headwinds predicted for the global economy in 2023, Vietnam too, faces considerable challenges. But opportunities are also significant if concerted and appropriate solutions are taken, an expert has said.
Tourism is back, big time

Tourism is back, big time

(VEN) - Although it failed to achieve the goal of welcoming five million foreign tourists in 2022, major tourism sector efforts have resulted in its strong recovery during the final months of the year, promising even more positive changes in 2023.
Việt Nam supports expansion of UN Security Council

Việt Nam supports expansion of UN Security Council

Addressing the first meeting of the Intergovernmental Negotiations on Security Council reform at the 77th UN General Assembly on January 26 (local time) in New York, Ambassador Nguyễn Phương Trà also emphasised improving the working method of the UNSC and limiting the use of veto power.
Trang A Chu’s unique homestay

Trang A Chu’s unique homestay

(VEN) - The A Chu Homestay in Son La Province’s Hua Tat Village welcomes as many as 3,000 foreign visitors annually, but it did not start out that way. In fact, it was on the verge of shutting down just a few years ago.
Norwegian Ambassador experiences Vietnamese Tet traditions

Norwegian Ambassador experiences Vietnamese Tet traditions

Norwegian Ambassador to Vietnam Hilde Solbakken and her family are enjoying a lot of Vietnamese traditions during their first Tet (Lunar New Year) in the country, including “xin chu” (asking for calligraphy from scholars).
Fireworks soar across Vietnam ringing in Year of the Cat

Fireworks soar across Vietnam ringing in Year of the Cat

Colourful fireworks lit up major cities across Vietnam Sunday night in an exuberant celebration of the Lunar New Year.
The cat in Vietnamese culture

The cat in Vietnamese culture

(VEN) - The new lunar year (2023) is designated the Year of the Cat, one of the 12 Vietnamese zodiac animals and a strong favorite on the list that also includes the Rat, Buffalo, Tiger, Dragon, Snake, Horse, Goat, Monkey, Rooster, Dog, and Pig). Unlike most of the other animals, in modern society the cat has become a close friend of both children and adults.
Sa Dec Flower Village, an attractive destination in Tet

Sa Dec Flower Village, an attractive destination in Tet

Sa Dec Flower Village in Dong Thap Province has been well-known for a long time as the flower capital of the Mekong Delta and one of the country's largest suppliers of flowers for cities and provinces nationwide and even abroad.
Da Nang tops Vietnam

Da Nang tops Vietnam's tourism competitiveness rankings

It attributed the result to the city's strengths in transport and tourism service infrastructure, readiness to apply advanced information and technology as well as environmental sustainability.
Việt Nam supports expansion of UN Security Council

Việt Nam supports expansion of UN Security Council

Addressing the first meeting of the Intergovernmental Negotiations on Security Council reform at the 77th UN General Assembly on January 26 (local time) in New York, Ambassador Nguyễn Phương Trà also emphasised improving the working method of the UNSC and limiting the use of veto power.
Prime Minister assigns tasks to Deputy Prime Ministers

Prime Minister assigns tasks to Deputy Prime Ministers

Prime Minister Pham Minh Chinh has signed decision 19/QD-TTg assigning tasks to the Deputy Prime Ministers.
Taking advantage of growth opportunities: Party leader

Taking advantage of growth opportunities: Party leader

Party General Secretary Nguyen Phu Trong suggested promoting national digital transformation, digital economy and digital society in association with environmental protection while attending the teleconference between the Government and 63 provinces and cities.
Financial mobilization for development of circular economy

Financial mobilization for development of circular economy

As one of the countries heavily affected by climate change, the development of a circular economy is an important solution for Vietnam, towards the development of a green and low-carbon economy.
Binh Lieu mountain region powers up

Binh Lieu mountain region powers up

(VEN) - The mountainous border district of Binh Lieu in the northeastern province of Quang Ninh is changing rapidly due to investment in infrastructure of roads, electricity and schools, greatly improving the lives of the predominantly ethnic minority population.
Steel industry to gradually recover in 2023

Steel industry to gradually recover in 2023

HCM CITY — Domestic steel demand is expected to keep falling due to the property market slump and tightened monetary policy, economic downturn in many export markets and a rise in supply making the outlook for the industry in 2023 poor, analysts said.
Quang Ninh ships first tonne of coal on first day of Lunar New Year

Quang Ninh ships first tonne of coal on first day of Lunar New Year

The northern coastal province of Quang Ninh shipped the first tonnes of coal on January 21, the first day of the Lunar New Year, from the Cam Pha port.
Support industries vital for global integration

Support industries vital for global integration

(VEN) - “Entering 2023, Vietnam needs to promote the development of support industries to help the country’s industrial sector effectively participate in the global supply chain,” said Deputy Director of the Industry Agency under the Ministry of Industry and Trade (MoIT) Ngo Khai Hoan in an interview with Vietnam Economic News’ Lan Anh.
Viet Nam calls for more investment in green growth

Viet Nam calls for more investment in green growth

Deputy Prime Minister Tran Hong Ha called on foreign businesses to boost investment, support Viet Nam in green growth, and well implement international commitments on sustainable development and climate change, including UNCOP26 commitments to achieving net-zero emissions by 2050.
Hanoi attracts nearly US$1.7 billion in FDI in 2022

Hanoi attracts nearly US$1.7 billion in FDI in 2022

Hanoi attracted US$1.69 billion in foreign direct investment (FDI) last year, still among the localities leading the nation in this field.
FDI disbursement exceeds US$20 billion

FDI disbursement exceeds US$20 billion

(VEN) - Foreign direct investment (FDI) disbursement reached more than US$20 billion in 2022 - the highest level in five years, aiding post-pandemic recovery.
Screening proposed for improved foreign investment

Screening proposed for improved foreign investment

(VEN) - Foreign direct investment (FDI) has contributed significantly to the Vietnamese economy since the Law on Foreign Investment in Vietnam was promulgated in 1987. However, Vietnam is mulling effective screening tools to enhance FDI quality.
Positive 2023 securities market forecasts

Positive 2023 securities market forecasts

(VEN) - Vietnam’s securities market experienced strong volatility in 2022, stemming from investor caution in the face of global economic and political uncertainties.
Banking sector stable, but challenges abound

Banking sector stable, but challenges abound

(VEN) - The banking sector will confront challenges in 2023 both from the international and domestic economies, requiring stabilized macroeconomic conditions and balances.
PM directive to ensure payment demands during Tet

PM directive to ensure payment demands during Tet

The State Bank of Vietnam (SBV) must direct commercial banks to meet all payment and cash demands of individuals and firms during Tet (Lunar New Year).
Green finance puts down roots in Vietnam

Green finance puts down roots in Vietnam

(VEN) - The development of green finance is an important foundation for sustainable business growth.
Vietnam looks ahead to 2023 climate summit

Vietnam looks ahead to 2023 climate summit

(VEN) - World leaders are hoping the COP28 Climate Change Summit, scheduled for November 30 to December 12, 2023, in the UAE will achieve expectations not met at the COP27 summit held in Egypt in November 2022.
Preserving nature, facilitating business

Preserving nature, facilitating business

(VEN) - In the past few years, the natural resources and environment sector of Hung Yen Province has advised authorities on state management of natural resources and the environment, contributing to provincial economic growth, industrialization and modernization.
AkzoNobel Vietnam protects Cu Lao Xanh lighthouse against harsh weather

AkzoNobel Vietnam protects Cu Lao Xanh lighthouse against harsh weather

AkzoNobel, a leading global paints and coatings company and the major producer of Dulux brand, has completed repainting the Cu Lao Xanh Lighthouse project with Dulux Weathershield®. It is the third lighthouse in Vietnam recoated under the “Lighthouse Protection Campaign” of AkzoNobel.
JTI Vietnam commits to net zero greenhouse gas emissions

JTI Vietnam commits to net zero greenhouse gas emissions

Climate change is the most urgent issue of our time, and to limit its impact on life on earth, the rise in mean global temperature should not exceed 1.5°C above pre-industrial levels. The private sector plays a huge role in helping to achieve this goal, and companies must commit and take concrete action in accordance with the Paris Agreement.
Welcoming the year of digital data for Vietnam

Welcoming the year of digital data for Vietnam

(VEN) - In 2022, the government assigned more important functions and tasks in digital transformation, government, economy, society, technology, and electronic transactions to the Ministry of Information and Communications.
Vietnamese animation studio won legal case on copyright infridgement in Russia

Vietnamese animation studio won legal case on copyright infridgement in Russia

In the case of the copyright dispute between two animators Wolfoo and Peppa Pig in the Russian Federation, the Moscow City Court recently issued a decision to order Entertainment One UK Limited (eOne or EO – Peppa Pig’s owner) must compensate Sconnect Vietnam (Wolfoo’s owner) RUB 240,000, which is roughly $4000.
Top 10 ICT developments in 2022

Top 10 ICT developments in 2022

(VEN) - Vietnam's information and communications technology (ICT) industry entered a post-COVID development phase in 2022, with the Party and government adopting policies to promote the development of the technology sector and businesses. Following are 10 outstanding ICT developments of 2022 as voted by the journalists of the ICT Press Club.
First retrofitted Emirates A380 enters service

First retrofitted Emirates A380 enters service

The first Emirates A380 to be completely refurbished under the airline’s US$2 billion retrofit program has been deployed on the Dubai-London Heathrow service, operating as EK003.
Prime Minister launches New Year tree planting festival

Prime Minister launches New Year tree planting festival

Prime Minister Pham Minh Chinh offered incense to President Ho Chi Minh and launched the annual New Year tree planting festival at K9-Da Chong relic site, Hanoi’s outlying district of Ba Vi, on January 27, the sixth day of the Year of the Cat.
Party General Secretary extends greetings for Year of the Cat

Party General Secretary extends greetings for Year of the Cat

On the occasion of the Year of the Cat 2023, Party General Secretary Nguyen Phu Trong has delivered remarks offering the best wishes to the Vietnamese at home and abroad as well as people around the world.
Strong recovery of capital

Strong recovery of capital's economy

(VEN) - According to a report by the Hanoi People's Committee, the capital experienced a strong economic recovery in 2022 and maintained its leading position among the provinces and cities nationwide in attracting foreign direct investment (FDI).
Animated morning at Nghi Thuy fishing port, Cua Lo Town

Animated morning at Nghi Thuy fishing port, Cua Lo Town

Nghi Thuy fishing port (in Cua Lo Town) is crowded, animated from early morning everyday. Selling fresh seafood at reasonable prices, it is a seafood distribution hub of Nghe An and nearby provinces.
Nestlé Vietnam and the journey to sustainable development

Nestlé Vietnam and the journey to sustainable development

(VEN) - With nearly three decades of operation in Vietnam, Nestlé Vietnam has been implementing many initiatives to improve human health and protect the planet through its commitments and sustainable development strategy. Recently, the company has continued to be honored as the Most Sustainable Business in Vietnam.
VIMC embarks on strong recovery

VIMC embarks on strong recovery

(VEN) - In the context of the strong recovery of the maritime transport market, the Vietnam Maritime Corporation (VIMC) has brought into play its internal strength to achieve successful business results in 2022.
MM Mega Market launches a new modern Giá tốt business model

MM Mega Market launches a new modern Giá tốt business model

Recognizing changes in shopping behaviors, MM Mega Market has publicly launched its new business model – Giá tốt. Giá tốt is currently present in big cities and provinces in Vietnam with more than 250 Giá tốt partners, including Ho Chi Minh City, Hanoi, Da Nang, Binh Duong, Bien Hoa, Quy Nhon, Buon Ma Thuot, Rach Gia, etc.
PVCFC develops experts’ system

PVCFC develops experts’ system

(VEN) - The PetroVietnam Ca Mau Fertilizer Joint Stock Company (PVCFC) recently held its annual review on accreditation of professionals and on the competency gap for experts at its headquarters in Ho Chi Minh City and Ca Mau Province.
Norwegian Ambassador experiences Vietnamese Tet traditions

Norwegian Ambassador experiences Vietnamese Tet traditions

Norwegian Ambassador to Vietnam Hilde Solbakken and her family are enjoying a lot of Vietnamese traditions during their first Tet (Lunar New Year) in the country, including “xin chu” (asking for calligraphy from scholars).
Chau Ma brocade lives on

Chau Ma brocade lives on

(VEN) - The indigenous textile products of the Chau Ma ethnic group reflect experiences, religious beliefs, skillful techniques and an enduring passion for the traditional craft practiced for generations in the Central Highlands province of Lam Dong.
Bathing in coriander-filled water

Bathing in coriander-filled water

(VEN) - Boiling coriander and bathing in its fragrant water is a ritual cleansing for the Lunar New Year, which is believed to drown the misfortunates and impurities of the past.
Gongs keep ringing in Central Highlands

Gongs keep ringing in Central Highlands

(VEN) - Dak Lak Province strives to keep alive the sound of traditional gongs, 16 years after the cultural space of Central Highlands gongs was recognized by the United Nations Educational, Scientific and Cultural Organization (UNESCO) as an intangible cultural heritage of humanity.
Tourism is back, big time

Tourism is back, big time

(VEN) - Although it failed to achieve the goal of welcoming five million foreign tourists in 2022, major tourism sector efforts have resulted in its strong recovery during the final months of the year, promising even more positive changes in 2023.
Trang A Chu’s unique homestay

Trang A Chu’s unique homestay

(VEN) - The A Chu Homestay in Son La Province’s Hua Tat Village welcomes as many as 3,000 foreign visitors annually, but it did not start out that way. In fact, it was on the verge of shutting down just a few years ago.
Miss Tourism World contest promotes Vietnam

Miss Tourism World contest promotes Vietnam

(VEN) - The final round of Miss Tourism World 2022 has toured five Vietnamese provinces and cities, promoting Vietnam's tourism, culture, and heritage to the world and bringing the world to Vietnam.
Sa Dec Flower Village, an attractive destination in Tet

Sa Dec Flower Village, an attractive destination in Tet

Sa Dec Flower Village in Dong Thap Province has been well-known for a long time as the flower capital of the Mekong Delta and one of the country's largest suppliers of flowers for cities and provinces nationwide and even abroad.
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