Taipei 101 Looks to Cooperate with Landmark Buildings in Vietnam
The owners of Taipei 101, Taiwan's tallest skyscraper, on Thursday said they plan to visit Vietnam in late March to discuss deals involving landmark buildings in the country, according to Focus Taiwan.
The visit will be part of the government's "new southbound" policy, an initiative it hopes will bolster tourism between the two countries, the company said.
The Blue Circle Starts Construction of 40-MW Wind Project in Vietnam
Singapore-based renewables developer The Blue Circle has initiated construction of its 40-MW Dam Nai wind farm in the central province of Ninh Thuan, according to industry media.
The company announced in a statement last week that it had signed a turbine supply deal and a 10-year maintenance contract with Spain’s Gamesa. The latter will deliver the first G114-2.625 MW turbines for the project this summer.
Dak Lak to Seek Investment at Upcoming Conference
The Central Highlands province of Dak Lak will announce 15 key projects that need investment from domestic and foreign investors at a conference to be held in Buon Me Thuot city on March 11, the Vietnam News Agency (VNA) reported.
These projects, expected to cost some 22.7 trillion dong ($1 billion), will cover a wide range of sectors, including hi-tech agriculture, industry, construction and tourism, baodautu.vn quoted the provincial Investment Promotion Center as saying.
International Mekong Delta Agriculture Festival Opens
The International Agriculture Festival and Fair of the Mekong Delta region opens in Can Tho city on March 9, featuring nearly 150 domestic and international exhibitors.
The five-day event includes 300 booths displaying agriculture-related products and technologies.
Economic Challenges also Create Opportunities for Vietnam
Despite facing challenges, Vietnam has great opportunities to sustain its high economic growth rate, said Dinh La Thang, Secretary of the HCM City Party Committee at a seminar in the city on March 9.
He said the basis for his optimism include the government’s program to restructure the economy and renovate its growth model, its determination to act as a constructive, truthful government to serve the people and consider the private sector an important driving force of the economy.
Coffee Fair Attracts 234 Domestic, Foreign Exhibitors
As many as 234 domestic and foreign enterprises are showcasing their top-quality products at a coffee fair which opened in the Central Highlands province of Dak Lak on March 9.
On display at the five-day event, themed “High-quality coffee for public health”, are various kinds of coffee, products made from coffee, handicrafts and coffee processing machines, according to VNA.
Four Teams to Inspect Formosa Compensation
Permanent Deputy Prime Minister Truong Hoa Binh has requested four inspection teams to examine the compensation for residents affected by the marine environment incident in four central coastal provinces of last year.
The deputy PM also asked the four provinces to set up their own inspection teams to collect feedback from locals and administrators in order to promptly deal with difficulties and accelerate the payment for affected residents.
Dairy Firms Optimistic about Growth
Vietnam’s dairy market is predicted to double in size by 2020, reaching $8.2 billion as the population is expected to increase by five million and dairy consumption to rise by a compounded annual growth rate of 7%.
The dairy industry targets producing 2.6 billion liters of milk by 2020, said Tong Xuan Chinh, deputy head of the Ministry of Agriculture and Rural Development’s Department of Livestock Production.
Vietnamese Prime Minister Nguyen Xuan Phuc has said he is ready to visit the United State to strengthen bilateral ties as Vietnam seeks to open up further its economy to foreign investment.
The prime minister said at a meeting in Hanoi on March 9 with a delegation of top American enterprises led by Ambassador Michael Michalak, senior vice president and regional managing director of the US-ASEAN Business Council (USABC).
A delegation of 29 U.S. leading companies have expressed intention to widen their presence in Vietnam as they consider the country one of the top investment destinations in Southeast Asian.
This was the first high-ranking business delegation to visit Vietnam after the inauguration of President Donald Trump in January. It was joined by nearly three dozens of big names including Amway, Apple
, ExxonMobil, Ford, General Electric (GE), Google, General Motors, MasterCard and Visa.
The Vietnamese government and companies booked proceeds of 40.7 trillion dong ($1.8 billion) from selling bonds and shares in the first two months of this year, down 27% from a year earlier, according to the State Securities Commission.