Rescue work continues in search for missing sailors Bad weather is hindering rescue efforts to save four missing sailors from a fishing boat which capsized two days ago in the sea between Hai Phong City and Quang Ninh Province. The boat, captained and owned by Hoang Van Tuyen, 34, capsized at about 4am on Saturday morning due to big waves, throwing all nine members on board at the time into the sea. Two of the sailors were saved by a foreign freight ship passing by the area while a Vietnamese ship nearby had rescued another three after receiving the SOS call from Hai Phong Coast Station. Four remain missing so far, including the youngest one Pham Van Tung, 22, together with Pham Van Hai, 47, Nguyen Van Duong, 43 and Bui Van Thuong, 32. All the ship members come from Hau Loc District in Thanh Hoa Province. Thanh Hoa's Disaster Prevention and Rescue Office Deputy Chief of Staff, Colonel Hoang Minh Luyen said that the Viet Nam Maritime Search and Rescue Coordination Centre had deployed … [Read more...] about Social News 7/12
Xerox sustainability report
January FDI surges on manufacturing growth
Total foreign direct investment (FDI) in Vietnam surged 67.1 percent to 664 million USD in January, up from a year ago, the Foreign Investment Agency reported on January 26.Of the total, 505 million USD has been disbursed, reflecting an 8.6 percent year-on-year growth. During this period, the country also licensed 44 new FDI projects worth a registered capital of 392.18 million USD, up 85.5 percent against the same period last year. Another 19 existing projects were also licensed to add a registered capital of 271.26 million USD, up 45.8 percent. Foreign investors in January poured capital into 11 industries, of which processing and manufacturing were considered the most attractive, with 18 projects drawing a total of 605.69 million USD. The industry accounted for up to 91.3 percent of the country's total FDI in January. Retail and repairing; and water and power production and distribution industries followed with 30.79 million USD and 10.44 million USD, respectively. In January, 15 … [Read more...] about January FDI surges on manufacturing growth
Hai Phong Boosts Business Environment Improvement
Hai Phong Boosts Business Environment Improvement By constantly improving the business environment and diversifying investment promotion activities, Hai Phong City has attracted considerable resources for socioeconomic development. Vietnam Business Forum has an interview with Mr Le Trung Kien, Director of the Department of Planning and Investment of Hai Phong City, on this issue. Song Uyen reports. Hai Phong City ranked first in the country in new investment projects attracted in the first eight months of 2016; and first out of 63 provinces and cities as of August 31, 2016. What do you think of these results? As a transport hub of the region with important seaport, overland, inland waterway, seaway and airway traffic systems, Hai Phong City is one of a few localities in Vietnam to receive the first foreign direct investment (FDI) flow. The city attracted 31 new FDI projects with a total registered capital of US$1.86 billion in the first 8 months of 2016, ranked first among 63 … [Read more...] about Hai Phong Boosts Business Environment Improvement