UAE, Egypt launch 20-billion-USD strategic investment platform

11:28 | 20/11/2019 Cooperation Follow Ven.vn on

The United Arab Emirates (UAE) and Egypt on November 14th launched a joint strategic investment platform worth 20 billion USD, official news agency WAM reported.

UAE, Egypt launch 20-billion-USD strategic investment platform

Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed Al Nahyan and Egyptian President Abdel-Fattah al-Sisi

Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed Al Nahyan and visiting Egyptian President Abdel-Fattah al-Sisi attended the launch ceremony in Abu Dhabi.

The project is funded equally by the Abu Dhabi Development Holding company and the Misr Fund, Egypt's sovereign fund, the report said.

The partnership aims to establish joint strategic investment projects, as well as specialist funds and investment tools in several key sectors, including manufacturing, conventional and renewable energy, technology, food, real estate, tourism, health care, logistics, financial services and infrastructure.

The agreement was signed by UAE Minister of State Sultan Ahmed Al Jaber and Egyptian Minister of Planning Hala Al Saeed.

"This agreement reflects the strong ties binding Egypt and the UAE since the era of late Sheikh Zayed bin Sultan Al Nahyan that are based on prioritizing development and social services and achieving the Sustainable Development Strategy 2030 in line with the vision of President Sisi and his support for this partnership," Saeed said.

She added that this partnership is set to increase the participation of the private sector in the Egyptian economy as a key driver of economic growth.

Xinhua

See more news

Efforts underway to boost trade with UK

06:00 | 29/12/2022 Vietnam and other regions

(VEN) - Both capital and production technology of domestic enterprises remain modest, it is necessary to connect resources in order to help businesses efficiently take advantage of the UK-Vietnam Free Trade Agreement (UKVFTA), said Ngo Chung Khanh, Deputy Director of the Ministry of Industry and Trade’s (MoIT) Multilateral Trade Policy Department in a talk with Vietnam Economic News’ Hoa Quynh.

Potential remains for Vietnam’s exports to EU

10:49 | 28/12/2022 Vietnam and EU

The Ministry of Industry and Trade (MoIT) on December 27 organized a conference to review the implementation of the EU-Vietnam Free Trade Agreement (EVFTA) over the last two years.

FTAs boost Vietnam-Latin America trade

06:00 | 27/12/2022 Vietnam and other regions

(VEN) - Trade between Vietnam and Latin America has experienced impressive growth thanks to efficient implementation of free trade agreements (FTAs).

Key milestones in Vietnam-Indonesia strategic partnership

13:09 | 24/12/2022 Infographic

Below is key milestones in the Vietnam-Indonesia diplomatic relations.

EVFTA: Opportunities and challenges

06:00 | 19/12/2022 Vietnam and EU

(VEN) - Since the EU-Vietnam Free Trade Agreement (EVFTA) came into effect in August 2020, the economic-trade relations have become a bright spot of bilateral cooperation between Vietnam and the EU with remarkable results.

Saskatchewan enhances cooperation with Vietnam

16:14 | 16/12/2022 Vietnam and other regions

Trade and Export Development Minister Jeremy Harrison led Canada's Saskatchewan’s delegation to Vietnam to discuss trade and economic partnerships.

Key timelines of ASEAN-EU diplomatic ties

13:00 | 14/12/2022 Vietnam and EU

Leaders of the European Union and ASEAN member States will gather in Brussels on Wednesday for a summit commemorating the 45th founding anniversary of the ASEAN-EU relations.

Vietnam, Philippines boost economic cooperation

06:00 | 14/12/2022 Vietnam and other regions

(VEN) - National Assembly (NA) Chairman Vuong Dinh Hue led a high-ranking delegation to visit the Philippines from November 23-25, promoting legal policies for increased economic cooperation between the two countries.

Business awareness of EVFTA advantages grows

06:00 | 05/12/2022 Vietnam and EU

(VEN) - The EU-Vietnam Free Trade Agreement (EVFTA) has significantly contributed to promoting Vietnam’s exports to the international market over the past two years. However, the business community is urged to be more proactive in seeking information about the EU market to maximize the advantages of the agreement.

Vietnam, Cambodia create new impetus for relations

13:00 | 24/11/2022 Vietnam and other regions

(VEN) - Prime Minister Pham Minh Chinh recently led a high-ranking Vietnamese delegation to visit the Kingdom of Cambodia. The visit is expected to create new impetus for comprehensive bilateral cooperation.

Latest Most Read

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

07:04 | 30/01/2023 Vietnam and ASEAN

Intertwined opportunities, challenges for Vietnam’s economy in 2023

07:00 | 30/01/2023 Economy

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

06:00 | 30/01/2023 Tourism

(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

06:00 | 30/01/2023 Policy

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

06:00 | 29/01/2023 Entertainment

(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.

Vietnam, Malaysia target trade growth

06:00 | 02/11/2022 Vietnam and other regions

(VEN) - The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will take effect for Malaysia on November 29, 2022. This significant event is expected to increase its bilateral trade with Vietnam.

Energy industry masters advanced technologies

06:00 | 09/11/2022 Energy

(VEN) - Enterprises and research units in the field of energy, especially in the electricity industry, have taken the lead in mastering advanced technologies, achieving practical results and ensuring energy security.

Shinhan Life Vietnam introduces flexible term life insurance product

14:45 | 03/01/2023 Companies

Shinhan Life Vietnam recently launched life insurance “Shinhan – Song Khoe with Fantastic Four S-Plus”. This is a flexible insurance solution that offers a wide range of options to optimize protection for each customer.

Surge in trade with New Zealand

06:00 | 07/11/2022 Vietnam and other regions

(VEN) - Vietnam's export value to New Zealand currently accounts for only 1.7 percent of that market's total import value, offering opportunities for increased Vietnamese sales.

Revision underway of e-transaction law

06:00 | 08/11/2022 Finance-Banking

(VEN) - Vietnam’s digital banking transactions have achieved an average annual growth of 40 percent, ranking it among the world’s top growers in this field.

Multimedia

Video Longform Infographic Photo

Norwegian Ambassador experiences Vietnamese Tet traditions

06:00 | 28/01/2023 Lifestyle

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

13:07 | 22/01/2023 Photo

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

The cat in Vietnamese culture

13:00 | 22/01/2023 Lifestyle

(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

16:11 | 11/01/2023 Tourism

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's tourism competitiveness rankings

15:37 | 11/01/2023 Longform

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.

Policy

Việt Nam supports expansion of UN Security Council

06:00 | 30/01/2023 Policy

Prime Minister assigns tasks to Deputy Prime Ministers

07:00 | 17/01/2023 Policy

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

09:18 | 04/01/2023 Policy

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

17:02 | 03/01/2023 Policy

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.

Industry & Trade

Binh Lieu mountain region powers up

06:00 | 28/01/2023 Province

(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

15:48 | 27/01/2023 Industry

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

18:16 | 23/01/2023 Energy

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

06:00 | 18/01/2023 Support industries

(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.

Investment

Viet Nam calls for more investment in green growth

16:52 | 22/01/2023 FDI

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

17:43 | 03/01/2023 Metropolis

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

06:00 | 01/01/2023 FDI

(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

06:00 | 21/12/2022 FDI

(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.

Finance-Banking

Positive 2023 securities market forecasts

06:00 | 20/01/2023 Stock Market

(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

06:00 | 16/01/2023 Finance-Banking

(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

17:55 | 03/01/2023 Finance-Banking

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

06:00 | 26/12/2022 Finance-Banking

(VEN) - The development of green finance is an important foundation for sustainable business growth.

Environment

Vietnam looks ahead to 2023 climate summit

06:00 | 25/12/2022 Environment

(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

06:00 | 10/12/2022 Environment

(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

11:40 | 24/11/2022 Environment

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

16:25 | 15/11/2022 Environment

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.

Science - Technology

Welcoming the year of digital data for Vietnam

16:57 | 22/01/2023 Digitalization

(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

11:14 | 11/01/2023 Startups

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

06:00 | 11/01/2023 Information technology

(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

17:41 | 10/01/2023 Science - Technology

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.

Society

Prime Minister launches New Year tree planting festival

15:36 | 27/01/2023 Society

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

12:19 | 22/01/2023 Metropolis

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's economy

06:00 | 17/01/2023 Metropolis

(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

10:48 | 16/01/2023 Photo

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.

Vietnamese Brands

Nestlé Vietnam and the journey to sustainable development

13:00 | 10/01/2023 Companies

(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

06:00 | 10/01/2023 Companies

(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

16:18 | 30/12/2022 Vietnamese Brands

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

08:00 | 25/12/2022 Vietnamese Brands

(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.

Culture

Norwegian Ambassador experiences Vietnamese Tet traditions

06:00 | 28/01/2023 Lifestyle

Chau Ma brocade lives on

06:00 | 27/01/2023 Lifestyle

(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

13:00 | 25/01/2023 Culture

(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

06:00 | 25/01/2023 Lifestyle

(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.

UAE, Egypt launch 20-billion-USD strategic investment platform

See also

See more news

Multimedia