The ceremony was jointly held by the Standing Committee of the Vietnam Fatherland Front Central Committee and the Ministry of Labor, Invalids and Social Affairs on the evening of 15 October. Over the past 17 years, the movement to assist the poor in escaping poverty has been widely expanded in society. PM Nguyen Xuan Phuc (C) at the event. Photo: VNA So far, more than VND 13 trillion has been donated to the “For the poor” fund at all levels while social welfare programs in localities nationwide have received VND 36 trillion. The money has contributed to building and repairing more than 1.4 million “Great unity” houses for the poor. Furthermore, millions of poor households have received financial assistance and production means and dozens of welfare facilities have been upgraded, making contributions to effectively meeting the national goals of sustainable poverty reduction and new-style … [Read more...] about PM calls for joined hands for the poor
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Hong Kong businesses eye VN opportunities
Photo: vietnamnet.vn In addition to traditional fields, such as clothing, real estate, agro-forestry-fisheries, Hong Kong investors are looking to fund infrastructure and waste treatment in the form of public-private partnership (PPP) models, the Voice of Vietnam cited Tina Phan, Director of Indochina at HKTDC, as saying. The director said she hoped when the ASEAN-Hong Kong Free Trade Agreement goes into effect, it will open up huge opportunities and her council will send more business delegations to Vietnam to study opportunities. Vietnam is the six largest exporter to Hong Kong and a major trade partner. Over the past nine months, Vietnam exported 5.5 billion USD worth of goods to Hong Kong, up 23.4 percent year-on-year, while its imports rose 25 percent to 1.3 billion USD. Hong Kong is also among Vietnam’s leading sources of foreign direct investment (FDI). From January to September, FDI … [Read more...] about Hong Kong businesses eye VN opportunities
Vietnam steps up relations with Japanese localities
Tokyo, October 16 (VNA) – Vietnamese Ambassador to Japan Nguyen Quoc Cuong visited Mie and Shiga prefectures from October 11-13 to promote relations between Vietnam and Japanese localities. In Mie, he met with Governor of Mie Prefecture Eikei Suzuki, the mayors of Yokkaichi and Matsuzana cities, head of the Federation of Mie Prefecture Chambers of Commerce and Industry and some local businesses. Suzuki informed the Vietnamese diplomat of the sound relations between Mie and Vietnam, particularly after Prime Minister Nguyen Xuan Phuc’s visit to the locality while attending the expanded Group of Seven (G7) Summit in Japan in May. As Vietnam has surpassed China and Thailand to become the top market of Mie enterprises, he said he will lead a delegation of more than 90 firms to Vietnam in November to seek business opportunities. Ambassador Cuong pledged to support the … [Read more...] about Vietnam steps up relations with Japanese localities
Vietnam strives for equal treatment of religions, ethnic groups: top lawmaker
Saint Petersburg, October 16 (VNA) –Vietnam has adopted policies to enable ethnic minority groups to develop equally, helping to gradually bridge development gaps with the rest of the population, said National Assembly (NA) Chairwoman Nguyen Thi Kim Ngan. She was addressing the opening of the 137th Inter-Parliamentary Union (IPU) Assembly’s general debate in Saint Petersburg, Russia, on October 15, which was themed “Promoting cultural pluralism and peace through inter-faith and inter-ethnic dialogue.” In 2013, Vietnam’s NA approved a new Constitution which phrohibits any discrimination against any of the country’s many ethnic groups, the top Vietnamese legislator said. The State has devised policies that create conditions for ethnic minority groups to contribute to national development. The NA passed the Law on Belief and Religion in 2016, … [Read more...] about Vietnam strives for equal treatment of religions, ethnic groups: top lawmaker
Hong Kong business eye VN opportunity
The Hong Kong Trade Development Council (HKTDC) will send two delegations to Viet Nam between now and January 2018 to explore investment opportunities. — Photo vinacorp.vn The Hong Kong Trade Development Council (HKTDC) will send two delegations to Viet Nam between now and January 2018 to explore investment opportunities. In addition to traditional fields, such as clothing, real estate, agro-forestry-fishery, Hong Kong investors are looking to fund infrastructure and waste treatment in the form of Public-Private Partnership (PPP) models, the Voice of Vietnam cited Tina Phan, Director of Indochina at HKTDC, as saying. The director said she hoped when the ASEAN-Hong Kong Free Trade Agreement goes into effect, it will open up huge opportunities and her council will send more business delegations to Viet Nam to study opportunities. Viet Nam is the sixth largest exporter to Hong Kong and a major trade partner. Over the … [Read more...] about Hong Kong business eye VN opportunity
Feasibility study to acquire land for Long Thanh airport construction submitted
Long Thanh international airport in the southern province of Dong Nai. More than 15,000 residents will be affected by the airport. — Photo baochinhphu.vn The Government has submitted to the National Assembly a feasibility study to acquire land for the construction of Long Thanh international airport in the southern province of Dong Nai and pay compensation to land owners. The study, which was completed by the Ministry of Transport and assessed by the Ministry of Planning and Investment, calls for speeding up site clearance and compensation to ensure the project’s progress while ensuring legitimate interests of the affected households. According to the report, Dong Nai Province’s People’s Committee was assigned to be the investor of the land acquisition, compensation and resettlement project of Long Thanh airport. The project has a total land area of about 5,585.14 ha (excluding the … [Read more...] about Feasibility study to acquire land for Long Thanh airport construction submitted
Steel sector grows 24 per cent
Steel consumption in the first nine months of the year rose by 20.5 per cent from the same period last year. — Photo vsteel.vn The local steel sector saw a high growth rate in the first nine months of the year, despite difficulties, said Viet Nam Steel Association (VSA). Association data showed that from January to September, steel output was 15.4 million tonnes, posting a 24.2 per cent year-on-year increase. Steel consumption also rose by 20.5 per cent from the same period last year. The steel output in September alone reached 836,624 tonnes, increasing 19 per cent from the corresponding period last year and 18 per cent from the previous month. The steel consumption last month dropped 6.5 per cent from the previous month to 740,565 tonnes, but represented a 16.5 per cent year-on-year rise. Therefore, steel inventories in September rose 28 per cent from the previous month to 579,342 … [Read more...] about Steel sector grows 24 per cent
Đà Nẵng should leverage APEC Summit: PM
Prime Minister Nguyen Xuan Phuc speaks at the business forum, Invest in Da Nang, a prelude to the 2017 APEC Summit, in Da Nang City on October15. — VNS Photo Lam Le While successfully hosting the upcoming 2017 APEC summit, Da Nang should spare no effort to become the most livable city in the country, a must-visit tourism destination and a major investment attraction, Prime Minister Nguyen Xuan Phuc said on Sunday. Phuc was addressing a business forum, Invest in Da Nang (October 14-15), held in the central city as a prelude to APEC Summit (November 5-11). The summit is expected to be the largest event of its kind in the city’s history. Phuc said the summit should be an unforgettable memory for APEC member economies, emphasising that it was a great opportunity for the city to promote itself and the country as a whole. “The 2017 APEC Summit will be a positive introduction of Da Nang as … [Read more...] about Đà Nẵng should leverage APEC Summit: PM
Growth up, inflation too: VERP research
According to Nguyen Duc Thanh, VEPR Director, quarterly growth for the third quarter gross domestic production was 7.46 percent, an improvement of 0.27 percentage points from the second quarter, with a forecast of 7.12 percent for the fourth quarter, bringing the expected annual growth rate to 6.64 percent. In particular, agricultural and service sectors have improved their performance, with construction and manufacturing industries growing 12.77 percent quarter on quarter. Other industrial productivity indicators were also positive. Production chain at the Kien Giang Import & Export Joint Stock Company in Kien Giang province. (Photo for illustration: VNA/VNS) In the fourth quarter, consumer demand and investment demand is expected to increase sharply as the pace of construction investment disbursement is accelerated. At the same time, exports will likely continue to rise sharply due to favorable developments in the world … [Read more...] about Growth up, inflation too: VERP research
Mid-priced flats in vogue in Ho Chi Minh City
A report from market researcher CBRE Vietnam said the segment, with prices ranging from USD 800 to USD 1,500 per square meter, accounted for 60 percent of third quarter launches. (Photo for illustration: laodong.com.vn) The Ho Chi Minh City Real Estate Association had predicted at the beginning of this year that the property market would see a strong restructure, with developers switching from luxury to mid-priced apartments. It had explained that the rebalancing would take place to resolve the mismatch between demand, which was overwhelmingly for cheaper units, and supply, which was skewed in favour of high-priced ones. Dau Tu newspaper (Vietnam Investment Review) quoted Vinh Kiem, an investor in Ho Chi Minh City, as saying that mid-range apartments built by prestigious developers bring solid returns to buyers. Since prices are not high, an investor can buy several at a time, according to Kiem. … [Read more...] about Mid-priced flats in vogue in Ho Chi Minh City
