Deputy PM asks US state to increase investment in Vietnam

PM Nguyen Xuan Phuc welcomed the U.S. oil and gas group ExxonMobil to launch investment activities in Vietnam, asserting that the Vietnamese Government will facilitate the ExxonMobil to successfully operate cooperative programs and projects in Vietnam. The PM made that statement at his reception for ExxonMobil Vice President of Asia Pacific and Middle East Jon Gibbs on August 29 in Ha Noi. Mr Jon Gibbs expressed his hope that the Vietnamese PM and Government will create favorable conditions for its cooperative projects with the Vietnam National Oil and Gas Group (PetroVietnam), bringing benefits for both. He suggested the Government consider and facilitate cooperative projects to build power plants in Vietnam to shorten the implementation period. The PM said the Government approved the planning scheme for the Gas Treatment and Power Centre in the central region, including projects in the central provinces of Quang Nam and Quang Ngai, asking to ensure environmental protection and local people’ welfare. He demanded ExxonMobil continue close coordination with the Electricity of Vietnam and the Ministry of Industry and Trade to guaranty the rate of progress of these projects. Established in 1859, ExxonMobil is the largest refiner in the world, with 37 oil refineries in 21 countries with a combined daily refining capacity of 6.3 million barrels. The same day, PM Nguyen Xuan Phuc met with former Governor of the Republic of Korea’s Osan city Park Shin Won in HaNoi. VGP ... [read more]

Deputy PM asks US state to increase investment in Vietnam

Deputy Prime Minister Vuong Dinh Hue (right) shakes hands with EuroCham’s Chairman Jens Ruebbert at their Tuesday meeting in Ha Noi. — Photo baochinhphu.vn Deputy Prime Minister Vuong Dinh Hue met with Chairman of The European Chamber of Commerce in Vietnam (EuroCham) Jens Ruebbert yesterday to discuss bilateral trade and upcoming economic co-operation. Hue praised EuroCham’s efforts in advocating trade collaboration between Viet Nam and the European Union (EU). The Deputy PM stressed the effectiveness of EuroCham’s policy suggestions, notably in increasing business competitiveness and improving corporate legal framework. These propositions coincide with the Vietnamese government’s commitment to enhancing the business environment and national competitiveness. Namely, EuroCham published their 2017 Whitebook to detail issues affecting European businesses in Viet Nam and participated in dialogues and policy consultation with the Vietnamese government, especially during the recent biannual 2017 Vietnam Business Forum. ‘The Vietnamese government considers EuroCham the driving force behind Viet Nam – European Union trade and investment collaboration,’ said Hue. Deputy MP Hue and Ruebbert discussed issues relating to Vietnamese animal quarantine regulations, as well as rules and standards for dairy products exported to Europe, as well as pharmaceutical products and alcohol and spirits tariffs from the EU to Viet Nam in the future. The Vietnamese government plans to instruct the corresponding departments to cut customs inspections procedures by half, as well as publicise the procedures, standards and requirements for European firms as well as other foreign businesses operating in…... [read more]

Prime Minister Nguyen Xuan Phuc (R)receives Jon Gibbs, ExxonMobil Vice President of Asia Pacific and Middle East.— VNA/VNS Photo Thong Nhat The Government of Viet Nam will create favourable conditions for ExxonMobil to implement projects in the country, Prime Minister Nguyen Xuan Phuc has said. During a reception yesterday for Jon Gibbs, ExxonMobil Vice President of Asia Pacific and Middle East, PM Phuc applauded the US oil and gas group’s investment projects in Viet Nam, particularly projects undertaken in cooperation with the Vietnam National Oil and Gas Group (PetroVietnam). For his part, Gibbs expressed his hope that the PM and the Vietnamese Government would facilitate the group’s projects with PetroVietnam so that they could be implemented soon, benefiting both sides. He also suggested the Vietnamese Government complete its plans to build power plants in Viet Nam in order to shorten the implementation time. PM Phuc said the Government had approved the planning scheme for the Gas Treatment and Power Centre in the central region, including projects in Quang Nam and Quang Ngai provinces, in which environmental protection and welfare of the people are the biggest requirements for approval. He also urged ExxonMobil to continue working closely with the Electricity of Vietnam (EVN) Group, PetroVietnam and the Ministry of Industry and Trade to ensure the progress of the projects. Established in 1859, ExxonMobil is a multinational oil and gas corporation headquartered in Irving, Texas. ExxonMobil is the largest refiner in the world,…... [read more]

The $348-million pulp mill invested by Hong Kong-based Lee&Man Paper Group has been warned to have its investment certificate withdrawn due to violations of the Law on Land and the Law on Investment. Lee&Man's pulp mill has been lying idle since 2007, missing deadline after deadline The Hau Giang People’s Committee has proposed the Ministry of Planning and Investment to revoke the investment certificate of the Lee&Man pulp mill due to its long delay in construction, a violation of the Law on Land and the Law on Investment. The project was licensed in mid-2007 and was adjusted in June 2011. It has a total investment capital amount of $348.7 million with the annual capacity of 330,000 tonnes of pulp. According to the initial plan, the construction would be implemented in October 2013 so that the mill could come into operation at the end of 2015. However, due to the long delay, in mid-2016, the investor asked the province to extend the deadline to start construction to May 2017 and complete it in August 2018. However, the investor still missed the May 2017 deadline. To date, after holding the investment certificate for 11 years, the date to implement the construction is still unknown. The investor’s reason for the delay is that it had registered to develop two projects in Hau Giang, a paper manufacturing and a pulp mill. At present, Lee&Man is focusing on the test operations of the paper mill and is researching the market demand, leaving…... [read more]

At the event (Photo: VNA) Hanoi (VNA) – Deputy Prime Minister Vuong Dinh Hue said that policy recommendations in the EuroCham’s White Book, especially those pertaining to improving competitiveness and legal frameworks, have important value. The Vietnamese Government is determined to reform comprehensively the business environment and raise the national competitive edge, Hue stressed at his reception for Chairman of the European Chamber of Commerce in Vietnam (EuroCham) Jens Ruebbert in Hanoi on August 29. He spoke highly of EuroCham’s efforts in boosting the economic cooperation between Vietnam and the European Union (EU), as well as in publishing the White Book 2017 and its enthusiastic involvement in dialogues and policy-making consultancy with the Vietnamese Government. He showed his delight that the EuroCham’s members are upbeat and have belief in the business and investment environment in Vietnam, suggesting the agency to listen carefully to its members’ voice and promptly convey them to the Vietnamese Government for proper responsive adjustments. EuroCham Chairman Jens Ruebbert said apart from publishing the White Book 2017, European businesses are interested in green and sustainable growth and continue building and publishing the Green Book in the coming time. EuroCham opinioned that the EU and Vietnam should soon finalize the signing work for the EU-Vietnam Free Trade Agreement (EVFTA) to be enforced and it will spare no effort to urge the EU to ratify the agreement “as soon as possible” for the interests of businesses and people, he said. …... [read more]

PM Nguyen Xuan Phuc (R) receives Jon Gibbs, ExxonMobil Vice President of Asia Pacific and Middle East (Source: VNA) Hanoi (VNA) – The Government of Vietnam will create favourable conditions for the US oil and gas group ExxonMobil to successfully implement cooperation programmes and projects in Vietnam, Prime Minister Nguyen Xuan Phuc has said. During a reception in Hanoi on August 29 for Jon Gibbs, ExxonMobil Vice President of Asia Pacific and Middle East, PM Phuc applauded investment projects of ExxonMobil in Vietnam, particularly cooperation projects with the Vietnam National Oil and Gas Group (PetroVietnam). For his part, Gibbs expressed his hope that the PM and the Government of Vietnam will facilitate the group’s cooperation projects with PetroVietnam so that they could be soon implemented, benefiting both sides. He also suggested the Vietnamese Government support its projects to build power plants in Vietnam in order to shorten the implementation time. PM Phuc said the Government has approved the planning scheme for the Gas Treatment and Power Centre in the central region, including projects in Quang Nam and Quang Ngai provinces, in which environmental protection and welfare of the people are the biggest requirements. He also urged ExxonMobil to continue working closely with the Electricity of Vietnam (EVN) Group, PetroVietnam and the Ministry of Industry and Trade to ensure the progress of the projects. Established in 1859, ExxonMobil is a multinational oil and gas corporation headquartered in Irving, Texas. ExxonMobil is the largest refiner in the world,…... [read more]

Prime Minister Nguyen Xuan Phuc (R) and former Governor of the RoK’s Osan city Park Shin Won Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc stated that the Vietnamese Government always provides all possible conditions for foreign investors, including those from the Republic of Korea (RoK), when hosting former Governor of the RoK’s Osan city Park Shin Won in Hanoi on August 29. He gave high estimations to Park’s dedicated efforts to promoting investment and cooperative activities with Vietnamese localities, especially central Quang Nam province, noting the efforts have positively helped spurring the strategic partnership between the RoK and Vietnam. The Government leader showed his delight to see the two countries’ growing cooperation and its important outcomes over the past 25 years and the presence and efficient operation of big RoK groups in Vietnam. He spoke highly of the cooperation between Quang Nam province and Osan city since they formed friendship and cooperative relations in 2004, wishing both would press ahead with cooperative projects and expand their collaboration in all fields. Park informed his host of the productive visit to Vietnam and said RoK businesses highly valued the Vietnamese Government’s determination to eliminate bottlenecks in business and production of businesses, including FDI ones. He said the Korean businesses hope that the Government will continue fine-tuning policies and mechanisms more efficiently to enable them and other foreign ones to expand production and do more for Vietnam’s socio-economic growth.-VNA... [read more]

The Ministry of Natural Resources and Environment, the United Nations Development Programme (UNDP), the Nationally Determined Contributions Partnership (NDC-P) and Germany’s Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB) worked together to organise the event. Participants discussed the State management on climate change and Vietnam’s plan to implement the global climate change pact. They examined climate change scenarios and impacts on the northern region and the Red River Delta, and ways to mobilise financial resources to cope with climate change. The northern mountainous province of Bac Kan shared its experiences in coping with climate change and building a plan to carry out the Paris agreement. Deputy Minister of Natural Resources and Environment Vo Tuan Nhan said after approving the Paris agreement on October 31, 2016, the Government Prime Minister assigned ministries, sectors and localities to develop specific plans and actively integrate climate change response into socio-economic investment and development schemes. At the same time, the PM asked the Ministry of Natural Resources and Environment to organise training conferences on the agreement’s implementation for localities in the north, central and southern regions. The ministry is also tasked with studying new models and approaches to tackle climate change. Jenty Kirsch-Wood, a representative from the UNDP said the agency has launched some important projects to support the Vietnamese Government in implementing its action plan to realise the Paris Agreement. The UNDP is committed to supporting innovative measures that pave the…... [read more]

Vietnam Urban Development Technology Seminar for government authorities and Vietnamese businesses has shared innovative technologies and experiences in urban development, and acted as an important milestone of strengthening Vietnamese-Korean bilateral relationships. The seminar saw widescale participation from delegates and urban development experts of Vietnamese authorities Vietnam Urban Development Technology Seminar was co-organised by the Korea Trade-Investment Promotion Agency (KOTRA) and Heerim Architects & Planners Co., Ltd. (Heerim) on August 28, 2017. The seminar attracted the participation of delegates and urban development experts of Vietnamese government authorities, relevant universities and businesses, including Hanoi Department of Planning and Architecture, National University of Civil Engineering, and Housing and Urban Development Corporation (HUD Group), among others. Professor Yu Jai Deuk, Representative of ILLO Architecture Company and Professor of Satellite Cities Faculty at South Korea Hongik University Especially, the presentation of Professor Yu Jai Deuk, representative of ILLO Architecture Company and Professor of Satellite Cities Faculty at South Korea Hongik University, and Kim Young Hoon, senior vice president of Urban and Landscape Design Studio of Heerim, provided valuable knowledge and shared experiences of transportation, housing, open space, and housing planning in the cities of Korea. Besides, the seminar also introduced a wide range of innovative technologies that have been applied throughout Korea’s urban development. This new and useful knowledge is expected to contribute to the technical advancement in urban development…... [read more]

Deputy Prime Minister Truong Hoa Binh (R) receives RoK Chief Justice Yang Sung-tae (Photo: VNA) Hanoi (VNA) – Deputy Prime Minister Truong Hoa Binh highly valued the support of the Republic of Korea (RoK) Government and people to Vietnam’s national reform and development, including legal and judicial reforms, while meeting with RoK Chief Justice Yang Sung-tae in Hanoi on August 28. He thanked the RoK for assisting the implementation of a project to strengthen capacity of the School for Court Officials, which is now the Vietnam Court Academy, contributing to improving the quality and effectiveness of judicial training in the country. The Deputy PM expressed hope to learn more from the RoK Supreme Court’s experience in developing the electronic legal procedure model as well as the establishment of an Invention Court and courts for families and adolescents. He affirmed the support of the Vietnamese Government for the further enhancement of cooperation between the Supreme People’s Court of Vietnam (SPCV) and RoK partners, including the Supreme Court and the Korean International Cooperation Agency (KOICA). He also askedSPCV and KOICAto soon launch a project to improve the transparency and judgmentquality of courts in Vietnam. For his part, Yang Sung-tae said that he is pleased to be the first RoK Chief Justice to visit Vietnam when the two countries are celebrating the 25th anniversary of bilateral diplomatic ties. He said he hopes Binhwill continue backing the cooperation between the RoK Supreme Court and the Supreme …... [read more]


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