Workers manufacture electric components at a fully Korean-invested firm, located in Quang Minh Industrial Park in Ha Noi. — VNA/VNS Photo Viet Nam is one of the countries that has effectively used the official development assistance (ODA) provided by South Korea over the past few years. This was revealed by Chairwoman of the Korea International Co-operation Agency (KOICA) Lee Mi-kyung, at a meeting with head of the Central Economic Commission Nguyen Van Binh on Tuesday. Binh emphasised that Korea is one of the most important economic partners of Viet Nam, the largest foreign investor with more than US$50 billion and the fourth largest trading partner. The Viet Nam–Korea Free Trade Agreement, which came into force on December 20, 2015, has created a new impetus for the achievement of the goal of increasing bilateral trade between the two countries to $100 billion by 2020. Appreciating the effective co-operation of the government of Korea and KOICA in contributing to the overall development of relations between the two countries, Binh asked the Korean government, including KOICA, to continue to expand its co-operation with Viet Nam in all areas, especially vocational training and management capacity projects, in order to support the country in sustainable development and to implement the five-year socio-economic development plan in the 2016-20 period. Binh also asked South Korea to share its experiences with Viet Nam over financial and capital market development, industrial development, and tax and fiscal policies. Meanwhile, Mi-kyung affirmed that the agency would continue to support Viet Nam… [Read full story]
Vietnam will continue completing mechanisms and policies to effectively use official development assistance (ODA) sources and speed up the disbursement of ODA projects. Prime Minister Nguyen Tan Dung made the affirmation at the Consultative Group (CG) Meeting of international donors, which took place in Hanoi on December 6. According to the Government leader, Vietnam ’s macro economy has seen positive developments with inflation gradually put under control and consumer price index (CPI) slowing down over recent months. “We believe that Vietnam is likely to cap its inflation rate at 9 percent in 2012,” he stressed, adding that the country will…... [read more]
HA NOI (VNS) — The first Vietnamese Film Festival in South Korea begins today in Seoul. The four-day festival entitled Asian Film's Rising Star is being promoted by Vietnamese artress Van Trang and South Korean actor Yeo Jin-goo. Five movies will be screened at the festival, Ao Lua Ha Dong (White Silk); Thien Menh Anh Hung (Blood Letter); Choi Voi (Adrift); Am Muu Giay Got Nhon (How to Fight in Six-Inch Heels) and the blockbuster, Scandal. The opening ceremony will feature Blood Letter. Actor Yeo is known in Viet Nam from the television drama Moon Embracing the Sun. Last year,…... [read more]
Clothes being produced at Hue Textile Garment Company at Phu Bai Industrial Zone in Thua Thien Hue Province - VNA/VNS Photo Danh LamSince 2014, the locality has implemented 16 ODA projects worth over 3 trillion VND (138 million USD), about 60.6 percent of which has been disbursed. A technical assistance project to improve the planning of Hue city through 2030 funded by the Korea International Cooperation Agency (KOICA) is currently a provincial highlight. The municipal authorities also have approved a number of projects related to medical service improvement, disaster adaptation and sustainable tourism development, which received financial aid from the…... [read more]
PM Dung expressed his pleasure at the development of the strategic partnership between the two countries, especially after the official visit to Vietnam by Prime Minister Naoto Kan. He stressed that the visit brought the two countries’ ties to a new height. PM Dung expressed his wish that the two sides would soon accelerate the implementation of the agreements reached during PM Naoto Kan’s visit, including the bilateral economic partnership agreement and ODA projects. He affirmed that Vietnam will effectively use ODA to promote socio-economic development in Vietnam as well as investment and trade between the two countries and to…... [read more]
A technical assistance project to improve the planning of Hue city through 2030 funded by the Korea International Cooperation Agency (KOICA) is currently a provincial highlight. The municipal authorities also have approved a number of projects related to medical service improvement, disaster adaptation and sustainable tourism development, which received financial aid from the International Organisation for Migration (IOM), the Asia Development Bank (ADB), the Italian Government, the Japan International Cooperation Agency (JICA), the International Labour Organisation and KOICA. Japan is one of the locality’s largest ODA providers, focusing on water supply, electricity, transport, irrigation and forestation. Meanwhile, the country’s non-refundable capital to…... [read more]
