Tien Giang collects toll fees on new bypass

Mekong Delta provinces are on the right track to lure more holidaymakers and turn tourism into a spearhead industry after Prime Minister Nguyen Xuan Phuc approved a master plan to develop tourism in the region by 2020 with a vision to 2030. A corner at Cai Rang Floating Market in the Mekong Delta City of Can Tho. Kien Giang is among Vietnam’s top tourist destinations, blessed with many must-see attractions, particularly Phu Quoc Island. The province welcomed more than 3 million visitors in the first half of 2017, bringing in some 2.24 trillion VND (98.6 million USD) in revenue, up 20 percent from the same period last year. The number of visitors included about 201,000 foreigners and 1.5 million accommodated travellers, up 22 percent and 6 percent, respectively. According to Chairman of the provincial People’s Committee Pham Vu Hong, the increased tourist arrivals were due to the province’s efforts to improve local infrastructure and facilities at tourist spots and beaches and stimulate investment in high-class leisure centres and hotels.  Kien Giang has also connected tours with destinations in neighbouring localities and in other countries like Thailand and Cambodia and ramped up tourism promotion activities, he said. Can Tho received more than 4.5 million holidaymakers in the first seven months of this year, a year-on-year surge of 36 percent, helping the city earn about 1.3 trillion VND (57.73 million USD), up 15 percent. Most of the visitors took tours to Cai Rang Floating Market, eco-tours and sightseeing tours on rivers or…... [read more]

A corner at Cai Rang Floating Market in the Mekong Delta City of Can Tho. (Photo: VNA) Hanoi (VNA) – Mekong Delta provinces are on the right track to lure more holidaymakers and turn tourism into a spearhead industry after Prime Minister Nguyen Xuan Phuc approved a master plan to develop tourism in the region by 2020 with a vision to 2030. Kien Giang is among Vietnam’s top tourist destinations, blessed with many must-see attractions, particularly Phu Quoc Island. The province welcomed more than 3 million visitors in the first half of 2017, bringing in some 2.24 trillion VND (98.6 million USD) in revenue, up 20 percent from the same period last year. The number of visitors included about 201,000 foreigners and 1.5 million accommodated travellers, up 22 percent and 6 percent, respectively. According to Chairman of the provincial People’s Committee Pham Vu Hong, the increased tourist arrivals were due to the province’s efforts to improve local infrastructure and facilities at tourist spots and beaches and stimulate investment in high-class leisure centres and hotels. Kien Giang has also connected tours with destinations in neighbouring localities and in other countries like Thailand and Cambodia and ramped up tourism promotion activities, he said. Can Tho received more than 4.5 million holidaymakers in the first seven months of this year, a year-on-year surge of 36 percent, helping the city earn about 1.3 trillion VND (57.73 million USD), up 15 percent. Most of the visitors…... [read more]

Viet Nam has become known for its remarkable feat in becoming an agricultural powerhouse in a relatively short time, but it seems that the benefits accrued to farmers are not commensurate with the country’s comparative advantages and efforts. Ba Vi Hightech dairy farm in Ba Vi District, Ha Noi.  Far reaching agricultural reforms over the past 30 years have provided farmers with ‘catalysts’ and motives to produce and earn their living in a market-driven, open economy, becoming self-reliant in the process. These reforms have enabled significant achievements in export, food security and poverty reduction. However, recent studies have shown that agricultural growth has been slowing down and that added value created in the sector as well as benefits to farmers do not match the efforts made. About 24 million workers, i.e. 25 per cent of the country’s population or about 45 per cent of the country’s labour force, are engaged in agricultural production, but the sector has only contributed roughly 17 per cent of the nation’s gross domestic product (GDP) and this has been decreasing for many years now. The number of agricultural businesses makes up less than 1 per cent of total businesses in Viet Nam (4,000 out of 420,000 businesses nationwide). Loans provided to agricultural businesses also account for just 10 per cent of total outstanding loans in the banking system. These figures show agriculture has become significantly less attractive for investment. While the gap between the current status of agricultural production and the new requirements for development…... [read more]

Prime Minister Nguyen Xuan Phuc has called on Chinese businesses to increase their investment in important sectors in Vietnam, with attention paid to technological and environmental issues.  Prime Minister Nguyen Xuan Phuc (R) and Chen Yilong, Chairman of Sunshine Kaidi New Energy Group Co Ltd.  He made the appeal at a reception for Chen Yilong, Chairman of Sunshine Kaidi New Energy Group Co Ltd., and Jiang Rongjian, Deputy Director of China Huarong Asset Management Co Ltd. in Hanoi on July 31. The PM suggested the two companies establish cooperation to carry out joint projects.  Chen Yilong said Kaidi, Huarong and Hanoi General Import and Export JSC (Geleximco) of Vietnam set up an international investment fund worth 15 billion USD.  Kaidi is keen on investing in thermo-electric plants in Vietnam and commits to building environmentally-friendly factories with cutting-edge equipment and technologies and highest environmental standards, helping the country meet its energy demands, he said.  He added that the company is also interested in investing in Vietnam’s major infrastructure projects like airports, seaports, logistics services and urban expressways, thus contributing to the country’s development.   For his part, Jiang Rongjian said Huarong is China’s largest unit in asset, finance and monetary management with its assets valued at 220 billion USD in 2016.  Kaidi is Huarong’s long-term partner, he said, noting that his company hopes to participate in a number of big investment projects in Vietnam.  Applauding ideas raised by the two companies, PM Nguyen Xuan Phuc said with state-of-the-art technologies, high environmental…... [read more]

Saigon is revisiting a plan to change school and office hours in an attempt to stagger the amount of traffic hitting the city's streets during rush hours. At a meeting with Mayor Nguyen Thanh Phong on Monday, local residents complained that the city has spent a lot of time and money on improving traffic infrastructure, but chronic gridlock persists. They said the city's population has climbed to 13 million, but upgrades to traffic infrastructure have not kept pace with growing transport pressure, local media reported. In response, Phong said the city hall would revert back to the original plan of adjusting school and office hours, adding it would look at proposals from district-level authorities before coming up with a final solution. In May, the city assigned several agencies to develop a plan to be submitted before July 30. The city’s transport department first mooted the idea in 2001 and returned to it in 2007 and 2009, but it never got off the ground. Last year, the department put the plan forward again. Its details have remained unclear. Authorities are pushing ahead with two metro lines and a bus rapid transit (BRT) project along with new bus terminals in outlying areas in an attempt to reduce traffic jams. They are also looking at ways to cut private vehicles from downtown areas as another way of easing congestion, Bui Xuan Cuong, the director of the city’s transport department, said in April. As of April 15, the city has around eight million…... [read more]

He made the appeal at a reception for Chen Yilong, Chairman of Sunshine Kaidi New Energy Group Co Ltd., and Jiang Rongjian, Deputy Director of China Huarong Asset Management Co Ltd. in Hanoi on July 31. The PM suggested the two companies establish cooperation to carry out joint projects.  Chen Yilong said Kaidi, Huarong and Hanoi General Import and Export JSC (Geleximco) of Vietnam set up an international investment fund worth US$15 billion.  Kaidi is keen on investing in thermo-electric plants in Vietnam and commits to building environmentally-friendly factories with cutting-edge equipment and technologies and highest environmental standards, helping the country meet its energy demands, he said.  He added that the company is also interested in investing in Vietnam’s major infrastructure projects like airports, seaports, logistics services and urban expressways, thus contributing to the country’s development.   For his part, Jiang Rongjian said Huarong is China’s largest unit in asset, finance and monetary management with its assets valued at US$220 billion in 2016.  Kaidi is Huarong’s long-term partner, he said, noting that his company hopes to participate in a number of big investment projects in Vietnam.  Applauding ideas raised by the two companies, PM Nguyen Xuan Phuc said with state-of-the-art technologies, high environmental standards and on-schedule progress, the companies will actively contribute to the relations between Vietnam and China.  He emphasised the Vietnamese Government’s viewpoints on suitable structure of coal-fueled thermo electricity and renewable energy, saying that Kaidi-invested thermo…... [read more]

Prime Minister Nguyen Xuan Phuc (R) and Chen Yilong, Chairman of Sunshine Kaidi New Energy Group Co Ltd. (Source: VNA)   Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc has called on Chinese businesses to increase their investment in important sectors in Vietnam, with attention paid to technological and environmental issues.  He made the appeal at a reception for Chen Yilong, Chairman of Sunshine Kaidi New Energy Group Co Ltd., and Jiang Rongjian, Deputy Director of China Huarong Asset Management Co Ltd. in Hanoi on July 31. The PM suggested the two companies establish cooperation to carry out joint projects. Chen Yilong said Kaidi, Huarong and Hanoi General Import and Export JSC (Geleximco) of Vietnam set up an international investment fund worth 15 billion USD. Kaidi is keen on investing in thermo-electric plants in Vietnam and commits to building environmentally-friendly factories with cutting-edge equipment and technologies and highest environmental standards, helping the country meet its energy demands, he said. He added that the company is also interested in investing in Vietnam’s major infrastructure projects like airports, seaports, logistics services and urban expressways, thus contributing to the country’s development.   For his part, Jiang Rongjian said Huarong is China’s largest unit in asset, finance and monetary management with its assets valued at 220 billion USD in 2016. Kaidi is Huarong’s long-term partner, he said, noting that his company hopes to participate in a number of big investment…... [read more]

Prime Minister Nguyen Xuan Phuc (second from left) shakes hands with a delegate at the second annual Vietnam Private Sector Forum held on Monday in Ha Noi. — VNA/VNS Photo Thong Nhat Prime Minister Nguyen Xuan Phuc urged private enterprises yesterday to expand their global reach, pledging to create favourable conditions for the development of the private sector as a major driver of economic growth. Phuc was speaking in Ha Noi at the second Viet Nam Private Sector Forum (VPSF), an initiative of the Viet Nam Young Entrepreneurs’ Association (VYEA) and the Mekong Business Initiative (MBI) of the Asia Development Bank (ADB). “It is vital to remove all the barriers and create conditions to boost the development of the private sector,” Phuc said. “The private sector should be encouraged to do what it does well. This is the right way for Viet Nam to follow in transforming the economic structure and encouraging innovation to exploit its potential.” Phuc said the private sector should contribute 60 per cent to the country’s gross domestic product (GDP), compard to 40 per cent at present. “As the Government is determined to be a constructive one, private enterprises must also keep innovating to improve their competitiveness and grasp opportunities,” Phuc stressed. “Twenty years from now you will be more disappointed by the things you didn’t do than by the ones you did. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in…... [read more]

Prime Minister Nguyen Xuan Phuc has called on Chinese businesses to increase their investment in important sectors in Vietnam, with attention paid to technological and environmental issues. He made the appeal at a reception for Chen Yilong, Chairman of Sunshine Kaidi New Energy Group Co Ltd., and Jiang Rongjian, Deputy Director of China Huarong Asset Management Co Ltd. in Hanoi on July 31. The PM suggested the two companies establish cooperation to carry out joint projects.  Chen Yilong said Kaidi, Huarong and Hanoi General Import and Export JSC (Geleximco) of Vietnam set up an international investment fund worth US$15 billion.  Kaidi is keen on investing in thermo-electric plants in Vietnam and commits to building environmentally-friendly factories with cutting-edge equipment and technologies and highest environmental standards, helping the country meet its energy demands, he said.  He added that the company is also interested in investing in Vietnam’s major infrastructure projects like airports, seaports, logistics services and urban expressways, thus contributing to the country’s development.   For his part, Jiang Rongjian said Huarong is China’s largest unit in asset, finance and monetary management with its assets valued at US$220 billion in 2016.  Kaidi is Huarong’s long-term partner, he said, noting that his company hopes to participate in a number of big investment projects in Vietnam.  Applauding ideas raised by the two companies, PM Nguyen Xuan Phuc said with state-of-the-art technologies, high environmental standards and…... [read more]

NDO – Mozambican Prime Minister Carlos Agostinho do Rosario has arrived in Hanoi, starting his four-day official visit to Vietnam per invitation of PM Nguyen Xuan Phuc, aiming to strengthen the traditional friendly relations between the two countries. Mozambique is a country in Southeast Africa. Over the past years, the Mozambican government has actively called for foreign investment, strengthening the upgrade of infrastructure, promoting internal power in national construction, focusing on reducing poverty and ensuring food security. Thereby, Mozambique has attained significant achievements in its economic reforms, reporting a gross domestic product (GDP) growth rate of 3.6% in 2016. The country has seen a lot of economic flourishes this year, with increasing agricultural outputs, strengthened production and exports, and stabilised domestic currency. Other nations have begun to resume their official development assistance (ODA) sponsorship for Mozambique, while foreign investment in the country rose sharply, primarily in the fields of gas and mining. Mozambique’s GDP growth in 2017 is predicted to reach 4.5%. The Southeast African country has been rated by the International Monetary Fund (IMF) as a nation with the fastest economic development outlook in the Southern Sahara region. After the armed conflict between the Government, led by the Mozambique Liberation Front (FRELIMO), and the Mozambican National Resistance (RENAMO) opposition party concluded in May 2017, FRELIMO has continued promoting its role as a ruling party on the national scale, guiding the country through the difficult phase. As a member of many international organisations, Mozambique has actively participated in addressing regional…... [read more]




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