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Dong Nai: Foreign investment attraction increased by 26% over the same period last year
Monday, September 20, 2021 08:49 (GMT+7)

(CPV) - According to the Department of Planning and Investment of Dong Nai province, despite being affected by the COVID-19 epidemic, since the beginning of this year, this locality has attracted 964 million USD in foreign direct investment capital. outside, an increase of 26% over the same period last year.
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Producing goods for export to Japan in Dong Nai. (Photo: Dong Nai Newspaper)

In which, there are 41 new projects with registered capital of more than 313.2 million USD, down about 18% in number of projects but registered capital increased by more than 50% over the same period in 2020. There are 82 adjusted projects. increased capital with additional capital of over $650.6 million.

Only in August 2021, although Dong Nai province has to implement social distancing to ensure the prevention and control of the COVID-19 epidemic, it still attracts foreign direct investment capital into industrial parks. province still reached nearly 77 million USD.

Le Van Danh, Deputy Head of the Dong Nai Industrial Zones Management Board, said that the COVID-19 pandemic is complicated in the country as well as in many countries around the world, but foreign-invested corporations are still very active. attach importance to Dong Nai's investment environment. Therefore, many corporations have poured capital into new projects and supplemented capital for ongoing projects in the province's industrial parks. Foreign-invested enterprises mostly invest in supporting industries, deep processing, suitable for industries that Dong Nai province is calling for priority to increase the localization rate of products, increase prices. increased value.

Many foreign investment projects with large capital have been granted investment certificates in the first 6 months of the year and July and August 2021. In which, there are projects with investment capital from several tens to hundreds of millions of USD.

It is known that the total number of foreign investment projects in Dong Nai province currently valid is 1,559 projects with a total registered capital of over 32.4 billion USD. Foreign-invested enterprises investing in Dong Nai disburse capital quite quickly, so far it has reached over 80%. Dong Nai is one of six leading provinces and cities nationwide in attracting foreign direct investment.

During the 4th COVID-19 epidemic, in order to maintain production, Dong Nai had 1,143 businesses registered to implement the "3 on-site", "1 road, 2 locations" option, accounting for 73.3%. total number of foreign-invested enterprises in the province.

Currently, Dong Nai province has sent a written request to the Government to continue giving priority to vaccines for Dong Nai to inject 100% of people of the age group to reopen the economy to normal. The province assigned the Department of Transport and the Provincial Police to guide the trade of goods, without causing obstacles to businesses. The province will also quickly handle the entry of foreign experts, if any departments cause difficulties, businesses can directly contact the provincial leaders.

The issue proposed by businesses for workers from yellow, orange, and red areas to return to the factory for production or return to their place of residence, the province will consider and quickly expand the green area and narrow the area. yellow, orange, red, so that businesses recover production better. The opening and approval of businesses to handle the number of workers coming and going must increase gradually, in order to ensure disease safety, the province wants businesses to share and cooperate.

According to Mr. Nguyen Hong Linh, Secretary of the Dong Nai Provincial Party Committee, businesses need to actively develop production recovery plans to suit the new situation. Currently, the provinces and cities in the Southeast have established a working group to remove difficulties for businesses, so when businesses encounter difficulties and problems in Dong Nai or other provinces in the region, they can directly contact the leaders. province to be promptly removed.

It is estimated that in 2021, Dong Nai will attract over 1 billion USD in foreign investment. If the situation of the COVIV-19 epidemic is well controlled, the possibility of investment capital in the province can increase quite high compared to the annual plan. In addition, foreign-invested enterprises will also quickly disburse registered capital to put projects into operation and meet orders from domestic and foreign partners. Currently, there are more than 100 foreign-invested projects being built factories, installing machinery lines and preparing to go into production. The early completion of the above projects will contribute to boosting the index and industrial production value of Dong Nai. Increased industrial production will help the province's export turnover increase and state budget revenue more.
 

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PM calls for int't support in Việt Nam's green development efforts on sidelines of COP26​

Update: November, 01/2021 - 22:09
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PM Phạm Minh Chính Chính witnessed the exchanges of memoranda of understanding with a total capitals of US$8.5 billion for three Vietnamese businesses to help with sustainable development projects. — Photo from the Việt Nam Government Portal
GLASGOW — Prime Minister Phạm Minh Chính along with many foreign investors and business executives attended a forum on the prospects of business and sustainable development in Việt Nam held on the sidelines of 26th United Nations’ Conference of Parties (COP26).
The dialogue, themed prosperous and sustainable future through private sector investment, was held by Standard Chartered Bank, the Ministry of Planning and Investment, and the Vietnamese embassy in the UK.
Under the chair of Jose Vinals, Chairman of Standard Chartered Bank, the conference drew the participation of more than 300 senior leaders of businesses and foreign investors who are customers of Standard Chartered and businesses that are members of the British Chamber of Commerce in Việt Nam (Britcham).
At the meeting, PM Chính discussed in detail the major policies of Việt Nam, the prospects of doing business and investing in Việt Nam, Việt Nam’s goals at COP26 and sustainable development objectives it sets sight out as well as the opportunities and challenges Việt Nam is facing in the context of global shift in supply chains.
The Prime Minister emphasised that Việt Nam was steadfast in its foreign policy of independence, self-reliance, diversification and multilateralisation; proactive and active integration into the world in a comprehensive and profound manner, and that the country wanted to be a friend, a reliable partner and an active and responsible member of the international community.
Việt Nam was currently focusing on restructuring the economy, with a focus on restructuring investment (public investment, promotion of public-private partnership, etc.), restructuring the banking system towards increasing the scale and quality, and national restructuring the country’s growth model towards sustainable development and green growth.
The Vietnamese Government leader held firm that peace, cooperation, sustainable development and green growth are global issues that affect all people, so a global and all-people approach is needed to address them.
On climate change, "Việt Nam is one of the countries most heavily affected due to its geographical location and natural conditions," PM Chính stressed.
Việt Nam started out as a poor country, experienced consecutive wars and then a prolonged economic embargo, and was still suffering from many socio-economic difficulties. Therefore, the PM called for fairness and justice in climate change response, developing green economy, and sustainable growth.
Việt Nam’s efforts at green development would require support in climate technology and green finance from developed countries, he underlined.
The country could make strong commitments on emission targets, especially methane gas, he noted.
Chính said in the first months of 2021, Việt Nam still managed to keep its macroeconomy stable, ensuring balances in state budget revenues and expenditure, export-import, energy, and food.
The PM said that another opportunity of Việt Nam was the human factor.
Many investors in Việt Nam believe that the people are the decisive factor in attracting investment.
“Việt Nam sees people as both the actor, the centre, the goal and the driving force of development, and would not sacrifice social progress and justice in pursuit of unabated economic growth," he said.
He stressed that "the more difficulties Vietnamese people face, the more they unite and strive to overcome all problems and move forward".
"We are never confused or afraid of any enemies or difficulties, but naturally, we seek the support and help of international partners in the current integration trend," he said, reiterating how Việt Nam has shifted from a place of poverty with an average GDP per capita less than US$100, to its current $3,500 level after 35 years of đổi mới (renewal).
At the conference, PM Chính witnessed the exchanges of memoranda of understanding with a total capital of US$8.5 billion for three Vietnamese businesses to help with sustainable development projects.
In a separate meeting with PM Chính, Standard Chartered Bank leader Jose Vinals expressed his gratitude for the support that the Vietnamese Government had provided for the bank, and reiterated the commitment to accompany Việt Nam in its sustainable development efforts.
He proposed a number of cooperation initiatives, including ways for Việt Nam to participate more deeply in the fields of insurance, commerce, services and retail; measures on promoting foreign direct investment attraction; contributing to sustainable growth and respond to climate change through multi-billion dollar cooperation agreements and technology support with Vietnamese partner.
PM Chính appreciated various cooperation initiatives that the bank had made in Việt Nam, especially in green development.
He noted that previously when renewable, clean energy was not developed enough, Việt Nam had to go with coal power to boost the economy as a developing nation, so the country’s transition to clean energy now would need a lot of help from developed nations.
PM Chính said that Việt Nam was currently focusing on restructuring the economy, including encouraging foreign banks to participate in restructuring banks that are weak in human resources, capital resources and management capacity.
Việt Nam was also continuing to improve the investment and business environment, including promoting digital transformation in the banking system to attract more foreign investment.
VIệt Nam also needed cooperation in the field of insurance and construction of large financial centres, he suggested to the Standard Chartered Bank leader. — VNS


Despite low GPD in Q3 (-6,17%) , VN still would not sacrifice social progress and justice in pursuit of unabated economic growth,
 
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Year-end sprint: Not worry about missing orders, just afraid of lack of workers​

11/2/2021 06:00 GMT+7
Enterprises are producing 3 shifts / day to keep up with exports to Europe and the US. Many partners continued to place orders, but the company stopped accepting them because the order lasted until the end of April next year, the number increased by 30%.

Just reopened the factory, the creditor blocked the door and demanded immediate payment
A battle of 'cannon bullets' and a dream of 1.3-1.5 million enterprises by 2025
Conditions to increase support for businesses and people

Abundant orders

According to the General Statistics Office, the industrial production index in October 2021 is estimated to increase by 6.9% compared to the previous month. Exports were estimated at USD 27.3 billion, up 1% over the previous month and up 0.3% over the same period last year. Domestic consumption in October also increased again with the total retail sales of consumer goods and services estimated at VND 357,900 billion, up 18.1% compared to September...

After the distance measures were gradually eased, ministries, branches and localities made efforts to focus on implementing solutions and removing obstacles, production and business activities began to prosper, especially in the area. southern area.

Ho Chi Minh City, the locality hardest hit by the 4th Covid-19 epidemic, is now on the verge of recovering production.

Returning to operation from the beginning of October, Dony Garment Co., Ltd. is increasing production to promptly pay orders to partners. The good news is that, as soon as it resumes operations, enterprises have signed a series of export orders to Europe, the Middle East, the US and Japan, with a total value of about 2 million USD. With a scale of nearly 100 employees, businesses have to work continuously from now until the end of the Lunar New Year, a company representative said.
Nước rút cuối năm: Không lo thiếu đơn hàng, chỉ sợ thiếu người làm
Textile enterprises began to recover production, orders were abundant.
Viet Thang Jean Company (Thu Duc City) also resumed operations from the beginning of October, with nearly 600 workers. Enterprises are making efforts to ship 1.2 million products to 8 European countries. Currently, Viet Thang Jean's clothes are on shelves all over Europe for sale on Christmas and New Year's Eve through air transportation. The company has received orders until the end of June 2022.

Nam Hoa Company, specializing in the production of wooden toys for export with prices ranging from a few million to tens of millions of dong, located in Binh Chanh district, said that it is producing 3 shifts per day to export goods to Europe and the US. Many partners continue to place orders for Christmas and New Year, but the company stopped accepting because the order has lasted until the end of April next year, the number increased by 30%.

According to Ms. Le Bich Loan, Deputy Head of the Management Board of Ho Chi Minh City High-Tech Park, currently, 100% of enterprises in the zone have resumed production with a scale of 50-75%. Businesses have planned to restore all operations in mid-November.

Meanwhile, according to Ho Chi Minh City Customs Department, in October 2021, import and export activities of enterprises showed clear signs of recovery. Import-export turnover reached 11.7 billion USD, up 25.8% compared to September 2021. This contributes to the budget revenue of more than 800 billion VND.

Simultaneously increase capacity

According to the Dong Nai Industrial Zones Management Board, from the beginning of October 2021, the locality has returned to the 'new normal' state. Over 92% of enterprises in industrial zones have restored production, including many factories operating at full capacity.

Enterprises are constantly adding workers to put production lines into operation. At the same time, enterprises also organize for workers to go and return every day, leaving the implementation according to the "3 on-the-spot" option.


Some enterprises said that if the epidemic is controlled stably and F0 cases do not occur in the factory, the production recovery time will only take 2-3 months. Many businesses have the advantage of being a partner to extend the delivery time and place new orders.
Nước rút cuối năm: Không lo thiếu đơn hàng, chỉ sợ thiếu người làm
Over 92% of enterprises in industrial zones have restored production.
At Fujitsu Vietnam Computer Products Co., Ltd (Bien Hoa Industrial Park 2), when the province moved into the "new normal", the company brought more than 1,000 workers back to the factory.

Lixil Vietnam Global Manufacturing Co., Ltd (Long Duc Industrial Park, Long Thanh District) also registered for all "green zone" workers to return to the factory. Because partners share difficulties by extending delivery time and keeping orders intact, when returning to production, the company must increase capacity immediately. It is estimated that in 2021, the company's revenue will reach 120 million USD.

Data from the Management Board of Industrial Zones of Binh Duong province shows that, as of October 28, 1,968 enterprises in industrial zones of the province have restored production activities, reaching over 96%. The number of workers returning to work is nearly 373,000 people, reaching nearly 76.4%. In which, many companies have the rate of employees returning to work near 100% and production fully restored.

After about a month, enterprises quickly reorganized production and business activities, ensuring safety in epidemic prevention and control. In particular, enterprises are empowered to take the initiative in production models and methods. In case there is F0 within a narrow range of a separate line, workshop or department, do not extreme blockade or close the whole enterprise.

A representative of Minh Long 1 Co., Ltd. said that, after a week of operation, the number of employees has reached nearly 100%, with 1,200 people. Enterprises' top priority is to increase capacity to meet orders.

Meanwhile, Vitaly Joint Stock Company, which specializes in manufacturing ceramic tiles in Binh Chuan Industrial Park (Binh Duong), reopened production from October 20. According to Ms. Vu Trang Nhung, Sales Manager, in addition to manufacturing according to the orders of partners in Malaysia and Yemen, Vitaly also produces new products for the domestic market. Because of the shortage of labor, it will only produce about 40% of the factory's capacity in the short term. In early November, the company will accelerate and expand production at full capacity to meet market demand.

In Long An, up to now, about 50% of enterprises in the province have returned to work in the "new normal" condition with over 150,000 employees. Duc Hoa district alone has more than 900 enterprises in production, with about 60,000 employees.

Economic experts said that, in October 2021, production and business activities have recovered significantly, enterprises have many orders. However, it is worrisome that the risk of inflation will increase due to high input material prices, labor costs, and epidemic prevention and control costs... Therefore, the financial support package at this time is very much needed. necessary, in order to help businesses recover better, only then will they ensure rapid growth in the last months of the year and also for 2022.

 
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Nikkei: Samsung Electronics' new ambitions in home appliances and affirms its plan for 'mother factory' in Vietnam​

01-11-2021 - 06:35 AM | Kinh tế vĩ mô - Đầu tư



Nikkei: Tham vọng mới trong mảng điện gia dụng của Samsung Electronics và khẳng định kế hoạch cho 'mother factory' Việt Nam

"Vietnam is a 'mother factory', we continue to grow there and have no plans to downsize production," said Samsung Electronics CEO and President Kim Hyun-suk.​


Samsung Electronics executives say that every future home will have a robot that runs around the kitchen, prepares dinner, knows what to cook based on user preferences, and is aware of any risks. any health risk of the employer.

It sounds far-fetched, but Samsung predicts it will soon become a reality.

Kim Hyun-suk, CEO and President of Consumer Electronics, who oversees AI research and development, said in an interview with Nikkei that the group plans to manufacture electrical devices. smart home electronics, creating a service that connects diverse products, from smartphones and TVs to home appliances.

Mr. Kim said: "Around 25% to 30% of the world's population uses Samsung products every day, and this presents us with a great opportunity. Connecting products will allow the company to provide delivering exceptional experiences [to customers] in a completely different field from Apple."

Last year, Samsung Electronics posted sales of 48.17 trillion KRW ($41.3 billion) with the world's leading TV market share.

For example, with advanced connectivity, Samsung TVs can display a fitness program and built-in sensors will track the user's movements, working with wearables to track vital health metrics. their. Then, an AI-powered system will use the big data to recommend a most suitable exercise program.

The service will go even further, suggesting a recipe for a healthy meal based on what the AI detects in the fridge.

At CES 2021 in the US, one of the world's leading technology exhibitions, Samsung presented a vision of a robot-assisted home. They launched a robot that performs household chores such as controlling dishwashers and washing-dryers that automatically set the time to wash clothes. The company predicts that, with advancements in image recognition technology and control chips, robots will soon become part of families.

"Personalization and automation will be achieved at the same time thanks to AI," Kim said, pointing out that devices will even perform tasks one step ahead of users, based on their preferences. .

"Today, instead of letting viewers scroll through channels, TVs choose the programs they want. This technological advancement will spread to other electronic devices," Kim added.


This year, Samsung established a division that promotes multi-device experiences, where the leaders of the smartphone, TV, and home appliances industries work together to drive connectivity. between products, seeking to develop new services quickly through close collaboration.

With Chinese rivals making strides, Samsung is under pressure to reach the future as soon as possible.
Nikkei: Tham vọng mới của Samsung Electronics và khẳng định kế hoạch cho mother factory Việt Nam - Ảnh 1.
Kim Hyun-suk, CEO and President of Consumer Electronics, believes that the key to attracting young consumers is new features and experiences. (Photo: Kotaro Hosokawa)

"Chinese companies are completely superior in hardware and we can't beat them with specs alone," Kim admitted. But Samsung is tapping into its strengths in offering a wide range of products, and Kim said Samsung can provide new experiences by connecting a wide range of products.

Samsung is focusing on experience and generational differences between older and younger customers. "Compared to consumers aged 40 and over, those belonging to 'Gen MZ' (the Korean term for people in their 20s and 30s) are less loyal to brands," he said. "They make decisions based on whether they can get a new experience."

"Young people also regularly share content on platforms like Netflix and Instagram. Differences between people in different countries and regions are narrowing, their consumption preferences are quite similar to those of each other," Kim said. "This is why it is essential to develop products and services aimed primarily at these young people over the next five to 10 years."

Like other manufacturers, Samsung's supply chain has been hit hard by challenges such as the pandemic and global chip shortages. Factories producing smartphones, electronics and home screens in Vietnam are still limited because of Covid-19. However, Mr. Kim pointed out that Samsung is very committed to Vietnam.

"Vietnam is a 'mother factory', we continue to develop there and have no plans to downsize production," - Director Kim Hyun-suk confirmed.

*Mother factory" is a term widely used in industry in Japan.Every year, more and more articles referring to "mother factory" appear in the Japanese mass media. Furthermore, academic research, especially in the field of international business, also uses this term.

However, the term has never been clearly defined and is used in many ways. For example, articles in the Japanese mass media have described different ways of "mother factory", some of the common interpretations are:

- A factory acts as a parent company to develop production technology and human resources and strengthen the function of guiding and controlling overseas factories.

- A factory engaged in product development or product prototyping, creating prototypes of new products and leading other mass production plants to develop the latest production technologies.

- A factory develops new technologies and transfers them abroad.

- Meaning varied, it can be used differently in Japanese mass media, academic research and non-academic research in Japan.

 
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Recruiting laborers to 'sprint' year-end orders
November 3, 2021 -

According to the Management Board of Dong Nai Industrial Parks, by October 31, in 31 industrial parks in Dong Nai, there were nearly 1.6 thousand businesses operating with 520,000 workers returning to factories. In the fourth quarter of this year, businesses are in dire need of labor to produce sprints and serve year-end orders.

Mr. Le Van Danh, Deputy Head of the Management Board of Industrial Parks (MBC) of Dong Nai said: “Before the fourth wave of COVID-19 epidemic, there were 1,713 enterprises operating in industrial parks in the province. with more than 615 thousand domestic workers and more than 7,000 workers from other countries. To date, about 110 businesses are still temporarily suspending operations, but many are expected to resume operations in early November 2021.

According to the Industrial Zone Management Board, implementing social distancing for more than 2 months, more than 500 businesses in industrial zones had to suspend operations. At the end of September 2021, when Dong Nai province gradually returned to the "new normal" state, many businesses quickly recovered, racing with the year-end production schedule and continuing to sign new production contracts.

Mr. Wu Minh Ying, Chairman of the Taiwan Trade Association in Dong Nai, General Director of Boss Industry Co., Ltd. said: “Many Taiwanese businesses in Dong Nai have been severely affected by the COVID-19 pandemic. production must be stopped. Therefore, after Dong Nai reopened, businesses have registered to operate again, supplement workers, increase factory capacity to promptly retain year-end orders signed with partners.

General Director of Dong Nai Garment Corporation (Bien Hoa 1 Industrial Park) Bui The Kich said that up to now, the company has had more than 90% of workers return to work and is urgently working overtime, speeding up production to serve orders. and will meet nearly 90% of the plan. “The company has to negotiate with the partner about the delivery plan. Although it was quite difficult, the company's operation was stable. In addition to the number of employees who have not yet worked, the company is recruiting 500 new employees, "said Mr.

Many options for workers

In industrial zones in Dong Nai province, hundreds of businesses are recruiting workers for production plans, especially to increase capacity for year-end orders and ensure the capacity to sign new production contracts.


As soon as Dong Nai province ended social distancing, Dami Stes Prefabricated House Company in Bien Hoa City quickly recruited more than 300 welders, technicians, and unskilled workers with salaries ranging from 6 million to 12 million dong (280 usd to 500 usd per month). In addition to salary, the company commits that employees will enjoy additional benefits of the company, 13th month salary bonus, child support allowance under 18 years old with 100,000 VND (4,5usd)/child/month…

Ms. Nguyen Thi Ha, in charge of recruitment of this enterprise, said: "Currently, businesses are in need of more factories to expand production, so contracts to build factories are many, so enterprises need to recruit many workers to meet the job requirements”.

Meanwhile, at Sansel Vietnam Industry Company in Amata Industrial Park (Bien Hoa City) is recruiting many workers for many positions with a salary of 7.2 to 12 million VND/month and other benefits.

Choosing through many recruitment information at Amata Industrial Park, Ms. Hoang Thi Hue, a native of Dak Nong, said that she called to apply for a job at this company and was guided by the company to submit a job application. Mr. Nguyen Van Tho, a qualified and experienced welder, said he was called for an interview by the recruitment company. Mr. Tho is confident that he will meet the job with a salary of 12 million VND/month. “In the past, I followed the company to work on projects away from home, now I decided to apply for a company in Bien Hoa city to go home during the day,” said Mr. Tho.

Chairman of Dong Nai Provincial People's Committee Cao Tien Dung said: "Currently, the province has more documents to promptly remove obstacles for businesses to resume production and business. Some of the major issues businesses are concerned about, which are being focused on by the province, are giving workers enough COVID-19 vaccines and bringing them back to the factory."

In the recent meeting between the leaders of Dong Nai province and businesses, many businesses affirmed that, if the epidemic is well controlled, employees will be vaccinated with 2 doses of COVID-19 vaccine and the province will relax all restrictions. According to regulations on anti-epidemic, factories will be able to restore their capacity as at the beginning of the year in about 2-4 months. Thus, businesses will be able to meet orders for the end of the year and negotiate more new orders for 2022.

 

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The world's largest wind power corporation proposes to invest more than 11 billion USD in an offshore project in Hai Phong​

03-11-2021 - 09:04 AM |


Tập đoàn điện gió lớn nhất thế giới đề xuất đầu tư hơn 11 tỷ USD làm dự án ngoài khơi tại Hải Phòng

Orsted Group (Denmark) - the world's largest corporation in the field of wind power proposes to research in Hai Phong an offshore wind power project with a total capacity of 3,900 MW, estimated investment of 11.9 to 13,​


Orsted Group (Denmark) - the world's largest corporation in the field of wind power proposes to research in Hai Phong an offshore wind power project with a total capacity of 3,900 MW, estimated investment of 11.9 to 13, 6 billion USD.

On November 2, 2021, Vice Chairman of Hai Phong City People's Committee Nguyen Duc Tho hosted and worked with the delegation of the Danish Embassy in Vietnam, led by Mr. Troels Jakobsen, Commercial Counselor.

The meeting with the content of the offshore wind power project in Hai Phong city, proposed to research and survey by Orsted Group.

The project proposed by this enterprise has a total capacity of 3,900 MW, divided into 3 phases; wind output is expected to be about 13,665,600 MWh/year; Wind turbine is expected to be installed with a capacity of about 20 MW, tower height from 150 - 200 m.

The project location is in the offshore sea, the southeast is 14 km from Bach Long Vy island; The northwest is 36 km from Long Chau archipelago, 88 km from Cat Ba island, 76 km from Tien Lang district, 74 km from Kien Thuy district, 70 km from Do Son district. Total investment is estimated at 11.9 to 13.6 billion USD.

The project is evaluated in line with the orientation of Vietnam's National Energy Development Strategy, with the view of prioritizing the exploitation and use of renewable energy sources.

Mr. Troels Jakobsen expressed his wish that the friendly cooperation between Denmark and Hai Phong in the coming time would continue to be promoted in such fields as economy, trade, investment, education, tourism, and economic transformation. green economy.

Appreciating Orsted Group's capacity in offshore wind power development, Hai Phong Vice Chairman Nguyen Duc Tho affirmed that he would pay attention and create favorable conditions for investors.


In order to ensure the feasibility in the process of implementing and studying the plan later, Mr. Nguyen Duc Tho suggested that the investor provide more documents and supplement the issues raised by the departments and agencies at the meeting. working, completing documents to make the project highly feasible.

The Vice Chairman of Hai Phong also requested the group to review and clarify the contents related to the survey location, the appropriate spacing of wind turbines to combine, and rationally develop the marine space. science. At the same time, ensure compliance with current regulations, the investment divergence, do not affect the navigation channel, security and defense issues.

Orsted is currently a leading enterprise in the field of offshore wind power controlled by the Danish Government.

In 2020, the revenue of this business is 8.6 billion USD, profit is 3 billion USD. Orsted currently supplies more than 15 million people with green energy worldwide, and is expected to double that number by 2025.

In June 2021, Ms. Louise Holmsgaard, Chargé d'affaires, Embassy of Denmark in Vietnam had a meeting with Hai Phong city to discuss and introduce the offshore wind power project by the National Gas Group. Wind Orsted wishes to invest in Hai Phong.

At the meeting, Ms. Louise Holmsgaard informed that Orsted Group of Denmark is the world's largest corporation in the field of offshore wind power, a long-term, capable and experienced investor in the field of wind power. .

The Chargé d'affaires, the Embassy of Denmark, affirmed that if the project is invested in Hai Phong, the project will make many contributions to the city's socio-economic development, contributing to green development goals. in the National Energy Security Strategy.

 

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Prime Minister witnessed Vietnamese and French businesses sign cooperation agreements of billions of EUR​

04-11-2021 - 08:42 AM


Thủ tướng chứng kiến doanh nghiệp Việt Nam và Pháp ký các thỏa thuận hợp tác hàng tỷ EUR

The two Prime Ministers witnessed the signing ceremony of agreements between Vietnamese and French businesses.

On the evening of November 3, Paris time, after concluding talks within the framework of his official visit to the French Republic, Prime Minister Pham Minh Chinh and French Prime Minister Jean Castex witnessed the signing ceremony of cooperation agreements. between agencies and businesses of the two countries.​

Documents signed between the authorities of the two countries include:
- Cooperation agreement between the Ministry of Justice of Vietnam and the Political Consultative Assembly of the French Republic for the period of 2021-2026;

- Administrative agreement between the Vietnamese Ministry of Education and Training and the French Ministry of Higher Education, Research and Innovation on the recognition of degrees and training processes;

- Loan agreement and aid agreement for the multi-disaster management project of Nam Rom river basin to protect people's lives, adapt to climate change and develop socio-economic in Dien Bien province;

- Letter of intent to cooperate in implementing Earth observation satellite projects between the Vietnam Academy of Science and Technology and the French National Center for Space Research.

The signed documents in the field of economy - commerce include a memorandum of understanding between Vietnamese airlines, including:


- Vietjet Air and Bamboo Airways with Safran - the world's leading high-tech corporation of France;

- Memorandum of Understanding on cooperation in the fields of satellites, smart cities, digital identity and cyber security between Vietnam Posts and Telecommunications Group and Thales Group.

Also on this occasion, the Ministry of Industry and Trade also handed over the decision on investment policy of Son My 1 power project.

In particular, according to the comprehensive strategic cooperation agreement signed by Vietjet and Safran, from cooperation in the supply and use of aircraft engines and services through CFM International, Safran's joint venture company with CFM International. With sales of 10 billion USD already, Vietjet and Safran continue to expand their cooperation to a long-term strategic level.

Meanwhile, Bamboo Airways and Safran signed a memorandum of understanding on the selection of engines and aircraft equipment for Bamboo Airways' order of 50 A321NEO and 30 Boeing 787-9 aircraft. The total value of agreements in the Memorandum of Understanding is estimated at EUR 2 billion.

Thales and VNPT signed a strategic memorandum of understanding to cooperate in the fields of telecommunications satellites, smart and secure cities, digital identity and biometrics, 5G & IoT, and cybersecurity.

 

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Outpacing China, the US becomes Vietnam's largest trading partner
03/11/2021 06:30 GMT+7

Overcoming China and Cambodia, the US becomes the largest trading partner of Vietnam's agricultural industry in the first 10 months of 2021.


The import-export report of the Ministry of Agriculture and Rural Development shows that in the 10 months of 2021, the total import-export turnover of Vietnam's agricultural, forestry and fishery products reached over 74.3 billion USD, up 24.2% over the same period last year. 2020. In which, exports (exports) reached nearly 38.75 billion USD, up 13.1%; import (import) was about 35.56 billion USD, up 39.1% over the same period last year.

Notably, the US becomes the largest trading partner of Vietnamese agriculture in the first 10 months of 2021.

Specifically, in the export segment, with a turnover of 10.8 billion USD (accounting for 27.9% of the market share), the US far surpassed China to become the largest customer. Accordingly, the group of wood and wood products accounted for 68.4% of Vietnam's export turnover to this market.

Similarly, the US also surpassed Cambodia to become the largest agricultural export market to Vietnam, reaching nearly $3.3 billion, accounting for 9.2% of the market share (of which cotton accounted for 36.4% of the value).

Vượt xa Trung Quốc, Mỹ trở thành bạn hàng lớn nhất Việt Nam
Export of wood and wood products to the US has grown strongly in recent years (photo: TL)
According to industry experts, thanks to the control of the epidemic and the reopening of activities, the US becomes a potential market for Vietnamese agricultural exports. Not only in the interior wood segment, in recent months, seafood exports to this market have also increased sharply.

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), by the end of September 2021, Vietnamese seafood exports to the US reached US$1.45 billion, up 24% over the same period last year.



Shrimp, pangasius and tuna are the three main product lines exported to the US. In which, shrimp exports to the US increased by 22% to 775 million USD. The US is currently Vietnam's largest shrimp export market, accounting for 28% of the shrimp industry's export turnover.

In tuna, the US is also the largest market, accounting for 43.5% of the proportion, with 226 million USD in the first 9 months of this year, up 8% over the same period last year.

Pangasius exports to the US reached 248 million USD, up 43%. Notably, Vietnamese pangasius accounted for 93% of the catfish that the US imported in the three quarters of 2021.

According to the Department of Agricultural Product Processing and Market Development, a number of Vietnamese products may be strong and the US has import demand to meet domestic consumption such as vegetables, tubers, fruits, coffee, tea, pepper, etc. rubber, cashew nuts, seafood. If technical barriers can be overcome, exports to the US will continue to grow strongly in the coming time.

 

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An US semiconductor company "poured" 1.6 billion USD to build a super factory in Bac Ninh​

05-11-2021 - 17:44 PM |



Một doanh nghiệp sản xuất vật liệu bán dẫn Hoa Kỳ 'rót' 1,6 tỷ USD xây dựng siêu nhà máy tại Bắc Ninh

Recently, Bac Ninh Provincial People's Committee has coordinated with Amkor Technology, Inc (Amkor) to organize the signing ceremony of agreement to develop the project of Semiconductor Manufacturing, Assembly and Testing Factory in Yen Phong II Industrial Park. -C with a total investment of up to 1.6 billion USD for the whole project.​

At the signing ceremony, Chairman of Bac Ninh Provincial People's Committee Nguyen Huong Giang and Mr. JONGRIP JI, Chairman of Amkor Company signed an agreement to develop the project of manufacturing, assembling and testing semiconductor materials at Yen Phong II Industrial Park. C, has a total investment capital of 1.6 billion USD by 2035 with an area of about 23 hectares. In which, the first phase of the project invests about 520 million USD and will be disbursed within 5 years from the date of issuance of the Investment Registration Certificate.

This will be a smart, modern factory in Bac Ninh province. Expected to start the first phase in the first quarter of 2022, the project will focus on providing advanced System in Package (SiP) assembly and test solutions for electronics and semiconductor manufacturing companies. Top of the world.

Speaking at the ceremony, Mr. JONGRIP JI, Chairman of Amkor Company emphasized, by studying the investment environment in Bac Ninh province, he was impressed by his diligence, passion, enthusiasm, high sense of responsibility. Inquisitiveness and bravery, industriousness and flexibility of Bac Ninh people. Especially, the attention and support of the leaders of Bac Ninh province together with modern infrastructure and abundant human resources are the foundation for the Company to choose to invest in the province.

Mr. JONGRIP JI committed his best efforts to create the success of the semiconductor industry in Bac Ninh province by successfully building Amkor factory in Yen Phong II-C Industrial Park; at the same time, wishes to continue to receive the attention, support and companionship of the Government of Vietnam as well as Bac Ninh province during the investment period, so that the project can develop stably and produce long-term in the province.

On behalf of the provincial leaders, Secretary of the Bac Ninh Provincial Party Committee Dao Hong Lan welcomed and highly appreciated Amkor Company's research, research and investment cooperation in Bac Ninh province, at the same time, briefly introduced the achievements. prominent in the province's socio-economic development in recent years. With many open and attractive investment policies, stable political security, social order and safety, Bac Ninh province has become an attractive destination for many investors from 37 countries and regions. territory.

Secretary of the Bac Ninh Provincial Party Committee Dao Hong Lan affirmed that the company's goals are in line with the orientation of Bac Ninh province in prioritizing the selection of investors according to the criteria "2 less, 3 high". ensure sustainable development. At the same time, it is expected that with famous customer partners, products manufactured in Bac Ninh will be available in many countries around the world.

Immediately after the signing ceremony, Secretary of the Bac Ninh Provincial Party Committee Dao Hong Lan also suggested that Amkor Company and provincial departments, agencies and branches, according to their functions and tasks, urgently implement the agreed contents so that the project can be completed soon. Investment certificates. Bac Ninh province is committed to creating all favorable conditions for the project to soon come into operation in the province, ensuring the progress of the Company.

Also at the Signing Ceremony, Amkor Company signed a land lease contract with Viglacera Corporation.
 

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The Prime Minister's visit brought many contracts up to 30 billion USD
07/11/2021 02:39 GMT+7
During his business trip to the UK and France, Prime Minister Pham Minh Chinh witnessed nearly 60 cooperation memorandums between Vietnamese enterprises and European countries with a total investment value of more than 30 billion USD.

Busy days of Prime Minister Pham Minh Chinh in Paris
Deputy Foreign Minister To Anh Dung shared with the press many impressive results from Prime Minister Pham Minh Chinh's working trips to Britain and France.

Open up many opportunities to strengthen cooperation with other countries

The COP 26 conference is one of the important contents of the Prime Minister's visit this time. So, can the Deputy Minister summarize the results as well as the significance of attending the COP26 Conference of the Vietnamese delegation led by Prime Minister Pham Minh Chinh?

The conference attracted the participation of nearly 200 member countries, including 120 heads of state and prime ministers and about 36,000 delegates. Therefore, the participation of Prime Minister Pham Minh Chinh and the Vietnamese delegation at the conference is of great significance and has achieved many practical results.

This is a specific high-level implementation of the policy and foreign policy of the 13th Party Congress on "continuing to promote and improve the efficiency of foreign affairs and international integration" and Directive 25 of the Party Congress. Secretariat on "Strengthening and Raising the Level of Multilateral External Relations to 2030".

By participating in the Conference, we have reaffirmed the strong message to all international friends about a responsible, proactive and active Vietnam in handling one of the common challenges. The biggest and most concerned global issue today is climate change. Thereby demonstrating the foreign policy of independence, self-reliance, diversification and multilateralisation, and being an active and responsible member of the international community.

The Prime Minister's visit brought many contracts up to 30 billion USD
Prime Minister Pham Minh Chinh meets US President Joe Biden on the sidelines of COP26
Through active and active participation with the profound messages expressed in the speeches of Prime Minister Pham Minh Chinh at the conference, especially the commitment related to achieving net emissions of "zero" by By 2050, by joining the commitment to reduce global methane emissions and the Glasgow Declaration of Forest and Land Use Leaders, the international community has more clearly seen Vietnam's policy, determination, efforts and political commitment. South in response to climate change.

During the bilateral contact on the occasion of the conference, the leaders of the countries shared the serious impacts of climate change as well as the difficulties and challenges we are facing. Leaders of other countries also consider Vietnam as a model of a developing country that still faces many difficulties but has made leading contributions to climate change response.

The Prime Minister's proposals are welcomed and supported by all countries. This opens up many opportunities for us to strengthen cooperation with other countries and partners in finance, technology transfer and capacity building to support our efforts to respond to climate change. .

On the occasion of attending COP26, the Prime Minister and the Vietnamese delegation had more than 20 meetings and bilateral contacts with senior leaders of countries on all continents, including strategic partners, major partners and partners. leaders of international financial institutions, new energy, environment...

Thereby promoting cooperation between Vietnam and partners, deepening and effective cooperation relations, actively contributing to consolidating a solid and favorable external situation to maintain peace and stability. and develop the country.

This is also an opportunity for us to deploy vaccine diplomacy, health diplomacy, mobilize resources including finance and technology, actively contribute to the prevention of Covid-19 epidemic and recovery and development. socio-economic development.

So what are the results of vaccine diplomacy and medical cooperation through this trip, sir?

Other countries shared Vietnam's difficulties and responded positively to our request. Specifically, France announced an additional aid of nearly 1.4 million doses of anti-Covid-19 vaccines through bilateral channels and the COVAX mechanism, bringing the total number of doses of vaccines France supported to Vietnam to more than 2 million doses.

He affirmed that he will help Vietnam improve its medical capacity and transfer Covid-19 vaccine production technology.

The Prime Minister's visit brought many contracts up to 30 billion USD
Prime Minister Pham Minh Chinh witnessed the signing ceremony of cooperation agreements between AstraZeneca and Vietnamese partners
The domestic company and AstraZeneca Company signed a contract to buy 25 million doses, bringing the total number of agreements to more than 55 million doses and committed in November and December 2021 all vaccines will be brought to Vietnam, in time. to quickly implement the Government's goal of universal vaccination.

Countries attach importance to Vietnam's role and position

What are the outstanding results of the Prime Minister's bilateral activities in the UK and the official visit to France by the Prime Minister, Deputy Minister?

Britain and France are both big countries in the world, a permanent member of the United Nations Security Council, a member of the G-7 Group and a strategic partner of Vietnam. France will assume the role of rotating EU Chair in the first half of 2022. Both countries are adjusting their policies towards the Asia-Pacific region, in which ASEAN and Vietnam are attached. In that context, the working visit to the UK and the official visit to France achieved many important goals, substantive results and strategic significance.

Both countries gave the Prime Minister and delegation a very respectful and warm welcome. Despite having to focus highly for the COP26 Conference, welcoming hundreds of heads of state, both the Royal Family and the British Government attach great importance to Vietnam's participation.

Prime Minister Boris Johnson, Prince Charles, Prime Ministers of Scotland, Wales and Northern Ireland" all took time, including holidays to meet and interact with the Prime Minister. In Vietnam, the rituals are more than usual, respectful and very friendly: both the President and Prime Minister hold talks and solemn receptions, the President of the National Assembly and the President of the Senate have a meeting with our Prime Minister.

France gives Prime Minister Pham Minh Chinh and the Vietnamese delegation official ceremonies, more than usual
During talks and meetings, leaders of countries expressed their importance to Vietnam's role and position, agreed on major orientations, and assigned ministries and branches to implement specific cooperation measures to increase strengthen strategic trust, determined to bring cooperation frameworks with Vietnam in all fields to further deepen, substantive and effective.

Discussing multilateral issues, the leaders of Britain and France shared and supported Vietnam in international issues such as climate change response, security and safety, freedom of navigation and aviation on the basis of respect for the law. international law, including the 1982 United Nations Convention on the Law of the Sea (UNCLOS).

Can you give some specific numbers from the Prime Minister's trip?

The impressive results of trade and investment promotion activities during the trip were that, with the witness of the Prime Minister, nearly 60 cooperation memorandums were agreed upon by Vietnamese enterprises and other countries, with a total investment value of about 60 million USD. The investment is committed to more than 30 billion USD, focusing on the fields of renewable energy, digital economy, digital transformation, environment, infrastructure development, planning, aerospace industry, medicine. economy and epidemic prevention, education, agriculture, tourism... are priority orientations to attract investment of Vietnam.

The Prime Minister's visit brought many contracts up to 30 billion USD
The Prime Minister witnessed the signing of an agreement on the implementation of the contract for 119 aircraft
Nearly 450 leading businesses from the UK, France and Europe who attended in person and online 2 business forums in the UK and France expressed their encouragement by the Prime Minister's message that Vietnam has moved to the stage of adaptation. Safe, flexible, effective disease control, accompanying and creating all favorable conditions for businesses to feel secure to invest and do long-term business in Vietnam.

In addition, the Prime Minister had nearly 40 meetings and exchanges with more than 60 leaders of leading corporations, banks and universities in the UK, France and Europe. Leaders of the Ministries of Planning and Investment, Industry and Trade, Agriculture and Rural Development, Information and Communication, Natural Resources and Environment, and Health also worked separately with about 50 corporations and large enterprises. to discuss specific investment projects and cooperation directions in the near future.
 

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France gives Prime Minister Pham Minh Chinh and the Vietnamese delegation official ceremonies, more than usual
-------------

Seem like after Australia canceled the nuclear submarine agreement, France begin to understand that white friends aren't good friends anymore. :)
 

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Japanese newspaper: Vietnam leads the race to restore supply chains in Southeast Asia, the auto industry "breathes a sigh of relief"
11-11-2021 - 08:35 AM |
Báo Nhật: Việt Nam dẫn đầu cuộc đua phục hồi chuỗi cung ứng ở Đông Nam Á, ngành sản xuất ô tô thở phào

Japanese newspaper: Vietnam leads the race to restore supply chains in Southeast Asia, the auto industry "breathes a sigh of relief"

In the context of the decreasing number of Covid-19 cases in Vietnam, companies producing essential electrical and electronic components for the auto industry are also making a strong comeback, global manufacturers such as burden is relieved.

As Covid-19 cases plummet across Southeast Asia, supply chains in the region are racing to recover to full capacity, after months of shutdowns and shutdowns, Nikkei Asia reports. capacity reduction.

Vietnam in particular, is quickly returning to normal, after easing restrictive measures. About 200 domestic factories contracted to produce sportswear for Nike have resumed operations, according to local media reports.

An industrial park in Ho Chi Minh City, home to factories operated by Samsung Electronics and Intel, will "support so that factories of both companies can resume operations this month", an executive said. industrial park operator said.

Starting from July, factories in the South of Vietnam had to implement strict restrictive measures to prevent disease. Obstacles due to the epidemic have caused a series of factories to shut down and cut output.

In the context of the decreasing number of Covid-19 cases in Vietnam, companies producing essential electrical and electronic components for the auto industry are also making a strong comeback, global manufacturers such as burden is relieved.

Japan's Furukawa Electric, is expected to return to full capacity at its factories in Vietnam. The company's 3 factories here produce wires for cars, and the facility in Ho Chi Minh City has about 8,000 workers.

"Factory lines are back at a level that can meet customer requirements," Furukawa Electric President Keiichi Kobayashi told Nikkei Asia.

The impact of restrictions to combat the Covid-19 epidemic has been particularly damaging to Southeast Asia's auto industry. Vietnam has many conductor factories, while Malaysia is a center for manufacturing semiconductors for cars.


Both divisions suffered from supply shortages - the main reason why Toyota Motor and seven other Japanese automakers were forced to cut production by half in September compared with the same period a year ago.

Vietnam was the source of about 40% of Japan's conductor imports last year. Japanese suppliers such as Yazaki and Sumitomo Electric Industries are also restoring production at their Vietnamese factories. This trend is expected to support a comeback in the Japanese auto sector.

In Malaysia, more than 90% of adults are fully vaccinated, bringing new life to the factory operations.

"Although 99% of Unisem's factory workers are vaccinated, all of them are tested for Covid-19 on a weekly basis," said John Chia, head of Malaysia's Semiconductor Assembly and Tester Unisem. Globally, the company can't keep up with semiconductor orders and is building a third factory in Chengdu, China."

Malaysia responded to the surge of Covid-19 with nationwide social distancing in June. Unisem was ordered to temporarily close its Ipoh factory in September. That, along with the shutdown. factory activity at STMicroelectronics, has impacted the semiconductor supply crisis, which has in turn led to production cuts at major automakers.

Jean-Marc Chery, CEO of Geneva-based STMicroelectronics, said: "Our factory has gone through a period of partial or complete closure, with the ability to return to 100% of capacity. production in the third quarter".

 

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Vietnam's canvas shoe exports far exceed China's
Vu Khue -

The proportion of Vietnam's footwear export turnover in the 2016-2020 period tends to increase from 10.3% in 2016 to 13.6% in 2020. Vietnam ranks second in the world in footwear exports. in general but is the largest exporter of canvas shoes (in terms of value).

Việt Nam là nước xuất khẩu giày vải lớn nhất


Vietnam is the largest exporter of canvas shoes




According to statistics of the General Department of Customs, Vietnam's footwear export turnover in the third quarter of 2021 reached $2.925 billion, down 47.7% compared to the second quarter of 2021, down 26.9% over the same period. term 2020.

In terms of absolute numbers, among export industries, footwear is the item with the largest decrease in turnover compared to the second quarter of 2021, when it decreased by 2.67 billion USD; compared to the same period in 2020, it ranked second (after gems, precious metals and products), with a decrease of 1.08 billion USD.

However, due to the high increase in footwear exports in the first months of the year, in the first nine months of 2021, the total export turnover of this item reached US$13.31 billion, up 9.7% over the same period in 2020. – lower than the 12.8% increase of the first 9 months of 2019 (when there was no Covid-19 epidemic).

Analysis by the Center for Industry and Trade Information (Ministry of Industry and Trade) shows that, due to the influence of the Covid-19 pandemic, the total number of world footwear exports in 2020 reached 12.1 billion pairs, a decrease of 19. % year over year, reaching 12.1 billion pairs – the lowest level in the past 10 years.

In 2020, Vietnam's footwear exports reached 1,233 billion pairs, down 9.1% compared to 2019. However, it was the first year that Vietnam surpassed 10% of the world's total footwear exports ( accounting for 10.2%), an increase of 4.4 times compared to 2011 (accounting for 2.3%, with 316 million pairs of shoes exported).

The average growth rate of the industry in the period 2016 - 2019 increased by 12.1%/year, Vietnam ranked second in the world in terms of footwear exports (after China). Notably, Vietnam is the largest exporter of canvas shoes (in terms of value), outstripping China.

In general, in the period 2016-2020, Vietnam's footwear exports grew by an average of 6.4% per year. The proportion of Vietnam's footwear export turnover in the 2016-2020 period tends to increase from 10.3% in 2016 to 13.6% in 2020.

Vietnam's footwear products have been exported to more than 150 markets around the world, mainly in the main markets such as the US, EU, China, Japan, UK...


In which, the US is the largest importer of Vietnamese footwear of all kinds, accounting for more than one third of the total export turnover of the whole industry. Before 2020, footwear exports to the US market maintained a good growth rate in turnover with an average growth rate in the period 2015 - 2019, reaching 13%/year.

In 2020, the impact of the Covid-19 epidemic should reduce footwear exports to this market, but increased sharply in the first months of 2021.

It is said that, with the US lifting preferential policies for footwear exports from China, India is creating more favorable competitive opportunities for Vietnam's footwear exports.

As for the EU market, the EU-Vietnam Free Trade Agreement (EVFTA) which took effect from August 1, 2020 is considered the biggest driving force for the growth of Vietnam's footwear industry in recent years. .

After the EVFTA Agreement officially took effect, Vietnam's footwear exports to the EU market gradually recovered. Vietnamese footwear in the EU currently has an advantage over competing countries such as China, Myanmar, India and Cambodia.

In the coming time, forecasts show that the world economy will continue to prosper again, especially the world's major economies such as the US and EU will reopen, the consumer market will recover strongly. ... is an opportunity for Vietnam's leather and footwear exports to regain growth momentum.
 

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KURZ Group to develop a $40 million factory in Becamex VSIP Binh Dinh​

November 09, 2021 | 10:58
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KURZ Group will develop a coating and thin film technology factory in Becamex VSIP Binh Dinh with the total registered capital of $40 million.
KURZ Group to develop a $40 million factory in Becamex VSIP Binh Dinh
KURZ Group is the first project to be licensed in Becamex VSIP Binh Dinh
The project is deployed on an area of 12 hectares, slated to be put into operation in the second quarter of 2023. Once completed, the project will have a capacity of 15 million square metres per year of film, decorative decal, and hot stamping foil, as well as related tools and application machines and plastic parts.
The group was awarded an investment certificate by Binh Dinh People's Committee on November 8. This will mark the first project that has been licensed in Becamex VSIP Binh Dinh and the fourth foreign direct investment (FDI) project invested in the central province of Binh Dinh since the beginning of the year.
Nguyen Phi Long, Chairman of Binh Dinh People's Committee, affirmed the importance of the high-tech project by the German firm, which paves the way for attracting similar investments to Becamex VSIP Binh Dinh and the province.
The move follows the Investment Cooperation Minute signed between Becamex VSIP Binh Dinh JSC and KURZ Group in December 2020. Overcoming the difficulties caused by the COVID-19 pandemic, Becamex VSIP Binh Dinh JSC has completed site clearance and infrastructure development to hand over the land site to KURZ Group on schedule.
Becamex VSIP Binh Dinh Industrial, Urban and Service Park officially started construction in September 2020. The master plan covers an area of 1,425ha in subdivision 07 of Nhon Hoi Economic Zone.
Becamex VSIP Binh Dinh investors would have access to the integrated industrial park and township's synchronised, modern, and competent management. Becamex VSIP Binh Dinh is prepared to meet the most stringent criteria of both domestic and international businesses.
With a wealth of experience in industrial park development, Becamex VSIP Binh Dinh JSC affirms its willingness to accompany and support investors who are looking for investment opportunities in Vietnam with the motto "Invest now, firmly step forward to the future".
 

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Brands regain confidence when Vietnam reopens, textile exports will reach $38 billion
11/16/2021

According to VITAS, in the last two months of the year, textile and garment exports will reach about 3 billion USD/month when there are signs that orders have returned. Accordingly, bringing the total turnover of the industry in 2021 to about 38 billion USD.

At the introduction of Cotton Day Vietnam 2021 - A special forum on sustainable cotton that will take place on December 1, Mr. Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association (VITAS), informed Nike and Adidas moving its factory out of Vietnam in August and September is incorrect.


In fact, these brands have production systems in Vietnam in two fields of garment and leather shoes, but they have not invested in factories.

"As of October, when we reopened, at Viet Tien Garment Corporation, Nike had not shipped any orders because we could not choose a manufacturer that could meet their requirements. about time, quality, evaluation system like in Vietnam", Mr. Vu Duc Giang informed.

According to the President of VITAS, during the recent social distancing period, Vietnamese textile and garment enterprises could not meet the delivery schedule, so a certain number of orders for November and December delivery and for the 2022 New Year were delivered. go, estimated at 13-14%.

However, there are signs that orders have returned since the Government issued Resolution 128 on controlling and living with COVID-19 in a new situation.

Brands regain confidence when Vietnam reopens, textile exports will reach $38 billion - Photo 1.
Mr. Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association (VITAS) shared at the introduction of Cotton Day Vietnam 2021 taking place on the afternoon of November 15. (Photo: Nhu Huynh)

The VITAS representative emphasized that brands now have confidence when Vietnam reopens the economy, so only when the pressure on delivery time is too urgent and it is impossible to calculate the balance of sales time, the brands will Just ship the order to any country that meets the requirements.

"Because when shipping orders abroad, it costs a lot of transportation, production organization, and system evaluation, and only factories that meet the standards will be produced," added Mr. Giang.

Although Ho Chi Minh City and the southern provinces were severely affected by the prolonged COVID-19 epidemic, the country's textile and garment export turnover in the first 10 months of this year still achieved a growth rate of nearly 11% over the same period last year. last year.

Specifically, the total textile and garment export turnover of the country in the first 10 months of the year reached more than 32 billion USD, up 10.8% over the same period last year.

In which, garment export reached more than 23.8 billion USD; fabric reached more than 2 billion USD, textile materials more than 1 billion USD, nonwoven fabric was 636 million USD. Notably, the export turnover of fiber products reached nearly 4.5 billion USD, up more than 52% over the same period last year.

With the above export results, the President of VITAS forecast that in the last two months of the year, the industry's export will reach about 3 billion USD/month, bringing the total turnover of the industry to about 38 billion USD by the end of the year. While at the end of 2020, the export turnover of the industry reached about 35 billion USD, down 9.8% compared to 2019.

At the same time, VITAS leaders believe that the export turnover of Vietnam's textile and garment industry will continue to increase in 2022.

Mr. Vu Duc Giang also said that American cotton is one of the choices that makes a great contribution to meeting the needs of expanding Vietnam's textile industry, creating favorable conditions for garment production and export. wear.

Vietnam is currently the largest importer of US cotton in the world. Mr. Vo Manh Hung, the representative of Cotton USA in Vietnam, said that the world textile and fashion industry is making strong changes towards environmental protection and sustainable development. Brands are increasingly focusing on materials that are both fashionable and environmentally friendly.

 

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Vietnam - US trade turnover can reach 100 billion USD
Vietnam - US trade turnover increased hundreds of times, from 451 million USD in 1995 to 90.8 billion USD in 2020 and is expected to reach 100 billion USD this year.



At a forum to promote Vietnam-US trade in new circumstances on November 16, Hoang Quang Phong, Vice President of the Vietnam Chamber of Commerce and Industry (VCCI), said that it has been 25 years since the two countries established foreign relations. Two-way trade turnover between Vietnam and the US has increased hundreds of times, from 451 million USD in 1995 to 90.8 billion USD in 2020.



In the first 8 months of this year, the total two-way trade turnover between Vietnam and the US reached 73 billion USD. It is forecasted that this year, this turnover will reach 100 billion USD, an increase of more than 200 times compared to 1995.



In the last five years, the average annual growth of Vietnamese goods exported to the US increased by 230%, from the US to Vietnam increased by 175%. Vietnam has become the 10th largest trading partner of the US, while the country is also the largest trading partner of Vietnam.



Under the impact of Covid-19 causing the global economy to wobble, the supply chain was continuously broken, but many US businesses tend to step up negotiations to invest in projects in Vietnam in many fields such as: : manufacturing, processing, clean energy, aviation, healthcare, pharmaceutical...

Toàn cảnh diễn đàn Thúc đẩy giao thương Việt Nam- Hoa Kỳ trong hoàn cảnh mới. Ảnh: Ngọc Minh


In the fields of traditional exports to the US, wood, footwear, textiles... are industries that have recorded strong growth in import and export turnover in recent years.



Mr. Ngo Sy Hoai, Vice President and General Secretary of the Vietnam Timber and Forest Products Association said that Vietnam is currently the country that exports the most wood products to the US market. In the opposite direction, Vietnam is also the country behind China in importing wood materials from the US.

 
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VinFast's President revealed a plan to invest 5-6 billion USD in the US
11/19-2021

In an interview with Bloomberg, Ms. Le Thi Thu Thuy, President of VinFast, revealed an investment plan of up to 6 billion USD for the first phase in the US, after the launch of two models VF e35 and VF e36 at the exhibition. Los Angeles car.

vinfast-phong-van.png



Entering the US and Canadian markets is a bold move. What makes you think VinFast will achieve this goal?

President Le Thi Thu Thuy: First of all, we planned this 4 years ago. Since we had the idea to start a car company, we believed we could succeed in America. Like other markets, like Vietnam, we prioritize focusing on the quality of our products.

We showed two SUV models VF e35 and VF e36 at the Los Angeles auto show. These are good quality cars with a warranty period of up to 10 years. Second, our electric vehicle prices are also very competitive in today's market.

So can you reveal the price of VinFast electric cars?


President Le Thi Thu Thuy: We are still trying our best to research to come up with the most reasonable price. The price will be very competitive compared to internal combustion vehicles and this will motivate consumers to switch from internal combustion engine vehicles to electric vehicles easily. As everyone knows, not everyone can afford to buy an electric car for hundreds of thousands of dollars.

You're talking about Tesla, right?

President Le Thi Thu Thuy: And other electric car companies too. I mean electric car lovers will be attracted to electric car products. However, the majority of mass-market buyers are less able to pay, and we target these audiences. And we don't want to compete with any electric vehicle manufacturers, we just want to take market share from the internal combustion engine car segment. Anyway, that is the general trend in the world today.

As I know in my hometown of Vietnam, VinFast is a key player in the electric vehicle segment. How much market share will VinFast aim to hold in markets like the US and Canada?

President Le Thi Thu Thuy: We spent 2 years researching the domestic market with 3 models. And the car models are holding the leading position in Vietnam. We also want to go global by 2022. In the US, even if we can get 0.5% market share, 1% or 2% in the future, this is already a lot.

So is VinFast also planning to open a factory in the US? So where and when will VinFast build the factory?

Chairwoman Le Thi Thu Thuy: Currently, we have narrowed our scope from more than 50 locations to 5-6 locations. We are still in the process of reviewing locations and may make an announcement early next year. As expected, we will open the production complex in the US in the second half of 2024.

So how will VinFast invest?

Chairwoman Le Thi Thu Thuy: We are considering to invest about 5-6 billion USD in the first phase and in the first two years we will spend about 1.5-2 billion USD for a car factory, a gigafactory. (super-factory) for the production of battery cells and vehicle batteries, as well as an electric bus factory.

Before that, there was also a lot of information about the plan to list in the US. So where did that plan go?

Chairwoman Le Thi Thu Thuy: We plan to list in the US, maybe this will happen in the next 1-2 years. We are still researching and implementing this goal. The sooner the better, of course. But I think it depends on many other factors, such as waiting to launch electric cars in Vietnam first or VinFast receiving pre-orders for about 25,000 cars that we need to deliver this year and early next year.

We are working on a portfolio of a wide range of cars, along with two VinFasts on display at the Los Angeles Auto Show. These vehicles will be offered for sale in the US and will be available for pre-order in the first half of 2022 and delivery in the second half of 2022.

So why isn't now the time for an IPO when the euphoria about electric car stocks is huge? For example, Rivian had a huge IPO recently.

Chairwoman Le Thi Thu Thuy: This can happen. I think the possibility of an IPO depends a lot on the market. Rivian had a great IPO. But I see that the market is looking for more players and more possibilities to perform in the electric vehicle sector. And I think we already have a good opportunity in the future.
So what about the plan in Vietnam's hometown, VinFast will build a battery factory in Vietnam, right?

President Le Thi Thu Thuy: 1 month ago, we announced that we would build a factory to manufacture battery cells and battery packs in Vietnam. VinFast is also establishing the most self-driving features, smart features and connectivity, and also a test facility.

Currently, VinFast is in the process of researching and testing many of its products. Besides, we will also focus on developing new features such as self-driving, other intelligent services.

 

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Export of living room, dining room furniture increased by more than 13% in 10 months
11/21/2021

According to the Import-Export Department, the export value of living room and dining room furniture will be better in the last two months of 2021 when market demand will continue to increase after a long time of being suppressed by the epidemic.
The Import and Export Department (Ministry of Industry and Trade) estimates that the export of living room and dining room furniture in October 2021 will reach 120 million USD, bringing the export value in the first 10 months of 2021 to 2.46 billion USD. up 13.3% over the same period in 2020.

In the world market, the global economy recorded positive developments in the context that the epidemic was gradually under control, most of the economies were gradually returning to normal, removing control measures and reopen.
Xuất khẩu đồ nội thất phòng ngủ sang Mỹ tăng gần 70% - Ảnh 1.
Vietnamese bedroom furniture products have met the requirements of American consumers

This promotes a sharp increase in consumer demand, in which living room and dining room furniture is the item whose consumption demand often increases sharply in the last months of the year, meeting the finishing and remodeling construction market. , decorate the house when the new year is approaching.

In the Vietnamese market, from the end of September 2021, many provinces and cities have reopened when the epidemic situation is under control, production activities gradually recover, but capacity is still low, due to That said, the export of living room and dining room furniture in October 2021 has not yet improved.

Currently, wood industry enterprises are rushing to mobilize workers and increase capacity to keep up with the delivery schedule in the near future. Besides, market demand continued to increase after a long time of being suppressed by the complicated development of the epidemic. Therefore, the export value of living room and dining room furniture will be better in the last two months of 2021.

Export of living room and dining room furniture increased by more than 13% in 10 months - Photo 1.
(Source: General Department of Customs-estimated October 2021/Ministry of Industry and Trade)

Living room and dining room furniture was mainly exported to the US market in the first nine months of 2021, reaching 1.73 billion USD, up 31.3% over the same period in 2020, accounting for 74.1% of the total value. export furniture for living room and dining room.

Followed by the Japanese market with 97 million USD, down 4.7%; UK reached 82.6 million USD, up 24.1%; Canada reached 68.5 million USD, up 32.7%; France reached $46.1 million, up 22.5% over the same period in 2020.
 

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Established Vietnam - Korea Economic Cooperation Industrial Park
11/21/2021

Hung Yen Provincial People's Committee has just issued a decision to establish the Vietnam - Korea Economic Cooperation Industrial Park (also known as Clean Industrial Park) in the complex of Industrial Park and Service Urban Ly Thuong Kiet, Hung Yen Province. .
Chú thích ảnh

Standing Vice Chairman of the Provincial People's Committee Dang Ngoc Quynh handed over the decision to establish the Vietnam - Korea Economic Cooperation Industrial Park to TDH Ecoland Urban Development and Investment Joint Stock Company. Photo: hungyen.gov.vn

The project aims to invest in the construction and business of clean industrial park infrastructure, contributing to turning Hung Yen into a modern industrial province following the trend of green ecology.


The project with a scale of more than 140 hectares by LH Group in cooperation with TDH Ecoland Urban Development and Investment Joint Stock Company and a number of Korean investors is being implemented in the province. This is part of the core economic cooperation project that the Korean Government is promoting in Vietnam through the New Southbound Policy in the housing, real estate and industrial sectors.

The project has been approved by the Prime Minister for investment policy and added to the master plan on development of industrial parks in Vietnam until 2020. Currently, the investor is implementing withdrawal procedures. land and invest in infrastructure according to the approved planning, ensuring the ground to receive investors according to regulations. The project is divided into two phases with a total investment of more than 1,780 billion VND, equivalent to nearly 77 million USD.

Vice Chairman of Hung Yen Provincial People's Committee Dang Ngoc Quynh said that the province always accompanies businesses to promptly solve difficulties and problems; at the same time, creating all favorable conditions and supporting enterprises to accelerate research and investment implementation so that the first Korean-style clean industrial park project in Vietnam will soon come into operation. The Vietnam - Korea Economic Cooperation Industrial Park will be a symbol of Vietnam - Korea economic cooperation, aiming to celebrate the 30th anniversary of the establishment of diplomatic relations between Vietnam and Korea in 2022.

Previously, following the direction of the Government, Hung Yen province also built an orientation to attract investment in industrial parks, ensuring favorable conditions for the development and strengthening of production links in industrial parks. ; create conditions for investors to deploy projects on schedule, effectively use land resources and ensure the feasibility of the development planning of industrial parks in the area.
 

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Prime Minister urges Japan to invest and support Vietnam's economic recovery
11/23/2021
In the context of the need for quick socio-economic recovery due to the Covid-19 pandemic, Vietnam called on Japan to invest with a package large enough, preferential, flexible, and the procedure as simple as possible.

Prime Minister arrives in Tokyo, begins official visit to Japan
Important turning points in Vietnam - Japan relations
Vietnam wishes to work closely with the new Japanese Prime Minister

Answering the Japanese press about the first official visit to Japan from November 22-25, Prime Minister Pham Minh Chinh affirmed:
Vietnam consistently implements the foreign policy of independence, self-reliance, peace and friendship. consultation, cooperation and development; multilateralize, diversify, proactively and actively integrate into the world comprehensively, extensively and effectively; is a good friend, a reliable partner and an active and responsible member of the international community.

Let's open a new stage of development together

“Vietnam always attaches great importance to and wishes to join Japan in opening a new stage of development in the two countries' relations, deeper and more effective, for peace, stability, cooperation for development and prosperity in the region. and in the world”, emphasized the Prime Minister.

According to the head of the Government, through many ups and downs of history and predestined relationships, today, Vietnam and Japan are close friends and reliable partners in many fields. "It can be said that Vietnam - Japan relations are at the best stage of development."

Japan is currently the leading economic partner of Vietnam, ranking first in ODA, second in investment, third in tourism and fourth in trade.
Thủ tướng kêu gọi Nhật Bản đầu tư, hỗ trợ Việt Nam phục hồi kinh tế
A batch of Covid-19 vaccine was given to Vietnam by the Japanese Government in June 2021.
“The relationship of Japan and Vietnam is even more profound in times of difficulty and challenge. During the Covid-19 epidemic, the two countries have always shared and supported each other. We have received effective and timely help from Japan in disease prevention with donations of over 4 million doses of vaccines and many medical equipment and supplies," the Prime Minister said.

The head of the Government said that Vietnam is very interested in, supporting and creating favorable conditions for Japanese citizens and businesses in Vietnam to maintain and develop production and business activities, ensuring the supply chain. production and supply.

“Vietnam wishes to work with Japan to more effectively implement the current cooperation mechanism, and at the same time build a new cooperation mechanism to jointly open a new stage of development of the Vietnam-Vietnam extensive strategic partnership. South - Japan", emphasized Prime Minister Pham Minh Chinh.

In which, the Prime Minister mentioned strongly promoting bilateral relations in the following areas: Economic cooperation during the Covid-19 pandemic; bilateral trade, creating favorable conditions for the two countries' goods to enter each other's market.

In addition, Vietnam calls for and creates the most favorable conditions to attract from Japan financial capital, investment capital, and ODA capital with a package that is large enough, preferential, flexible, and simple as possible. , which is appropriate in the context of the need for rapid socio-economic recovery caused by the Covid-19 pandemic.

Vietnam is focusing on economic recovery, strategic infrastructure, health cooperation, high-quality human resource training, digital transformation, digital economy, response to climate change...

“The Vietnamese people always have great affection, respect, esteem and trust for the country and people of Japan. I believe that with the efforts, consensus and high trust of both sides, Vietnam and Japan will continue the good development momentum of the relationship of "Extensive Strategic Partnership for Peace and Prosperity". prosperity in Asia", actively contributing to peace, stability, cooperation and development in the region and in the world", the Prime Minister emphasized.

Commitment to protect the legitimate rights and interests of investors

Regarding the improvement of the business and investment environment so that foreign investors can consider Vietnam an attractive destination in the long-term, Prime Minister Pham Minh Chinh said that Vietnam has basically passed the phase of development. In the most difficult situation, proactively change the strategy from "no Covid" to "safely adapting, flexibly, effectively controlling the Covid-19 epidemic, recovering and developing socio-economically".

This is the right direction because economic indicators in the last 2 months after implementing the shift in disease control have shown positive results and clear economic recovery.

Vietnam identifies a people-wide approach and takes people and businesses as both the goal, the driving force, as well as the center, as the subject in epidemic response and socio-economic recovery. The Vietnamese government always understands and shares with the difficulties of businesses.

"Recently, I have had many working sessions and directly listened to the opinions and proposals of foreign businesses and business associations, including Japanese enterprises," the Prime Minister informed.

Currently, in order to attract international investors, including Japanese investors, to continue doing business and make new investments in Vietnam, the Prime Minister said, Vietnam is focusing on a number of policy directions. to improve the investment and business environment.

That is, continue to maintain political stability, social order and safety; ensure a peaceful and stable environment for cooperation and development. "Vietnam's consistent view is to manage the economy to create a stable macro environment for foreign investors to invest in Vietnam with peace of mind."

Along with that is to improve the quality of national and sectoral governance; improve institutions, amend legal regulations in the direction of increasing decentralization and decentralization, minimizing investment and business procedures of enterprises, reducing time, cost of carrying out administrative procedures
Thủ tướng kêu gọi Nhật Bản đầu tư, hỗ trợ Việt Nam phục hồi kinh tế
Chairman of the Japan-Vietnam Friendship Parliamentary Union Nikai Toshihiro presented the logo to Prime Minister Pham Minh Chinh.
At the same time, the Government should consider and immediately handle the current difficulties and problems of business associations, including the Japan Business Association, in order to restore the supply chain, ensure the circulation of goods and activities. production and business of enterprises in the new normal conditions.

"The Vietnamese government is committed to protecting the legitimate and legitimate rights and interests of investors and has established a special working group on solving difficulties for businesses," the Prime Minister said.

In addition, the head of the Government of Vietnam also made a commitment to support businesses and people to promote production and business and stabilize their lives. Specifically, implementing exemption and reduction of many taxes, fees, charges, electricity price reduction, telecommunications charges; promoting the reopening of international routes, completing the new entry process...

Along with that, drastically implementing investment programs for strategic infrastructure.

“We call for investment methods with the participation of foreign investors and private investors, especially promoting the effectiveness of the public-private partnership model in infrastructure investment, transforming digitalization, green development, combating climate change", the Prime Minister said.

In addition, Vietnam continues to promote human resource development, focusing on training digital human resources, skilled workers, and high technical qualifications.

On this occasion, the Prime Minister highly appreciated and thanked the Japanese Government, people and businesses for their efforts, consensus and sharing with Vietnam in disease prevention and control, and contributed to the Vaccine Fund. of Vietnam.

"With the spirit of "harmonious benefits, shared risks", this is a very valuable value in the trusting and sincere friendship between the two countries", the head of the Vietnamese Government shared.

 
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