Vietnamplus

Hanoi police have warned people against illegal foreign exchange trading platforms on the internet which have swindled many out of their money.

Gold remains a potential investment channel until the end of this year, though the global economy in general, and Vietnam in particular, still possess potential risk factors related to recession and inflation, which make it difficult to forecast the gold price, experts said.

Vietnam invested nearly 316.4 million USD abroad in the first five months of this year, equivalent to 93.5% of the figure recorded in the same period last year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

The central city of Da Nang targets to become an attractive logistics centre of the central key economic region by 2030, and the key gateway of the East-West Economic Corridor and an important link of the Asia-Pacific transport corridor by 2050.

Offcicials of the Mekong Delta city of Can Tho city and relevant departments and sectors had a working session with representatives from Russian businesses on May 27 to discuss investment cooperation opportunities in terms of supply chain, import-export, technical infrastructure and logistics in the locality.

The implementation of policies on investment for ethnic minority areas, especially training, fostering and developing ethnic minority human resources in the Mekong Delta region has proven effective, contributing to narrowing the development gap among ethnic groups, regions, and urban and rural areas.

Indonesia will continue exporting some raw minerals in 2024 in the context that domestic companies are rushing to finish smelters to process the metal ore, said Minister of Energy and Mineral Resources Arifin Tasrif.

The total inflows of foreign investment in Vietnam this year to May 20, including new and added investment and contributions for share purchases by foreign investors, reached nearly 10.86 billion USD, down 7.3% year-on-year, but up 10.6 percentage points as compared with the figure in the first four months of this year, the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment reported.

A proposal and a verification report on the National Assembly’s draft resolution on some specific mechanisms and policies for the development of Ho Chi Minh City were scrutinised during the ongoing fifth meeting of the 15th legislature on May 26 morning.

The 15th National Assembly (NA) continued its fifth session on May 25, the fourth working day, under the chair of NA Chairman Vuong Dinh Hue.

Ho Chi Minh City always pays attention to promoting trade and investment cooperation with the Czech Republic, said Nguyen Van Dung, Vice Chairman of the municipal People's Council when receiving Jan Bartosek, Vice Chairman of the Chamber of Deputies of the Parliament of the Czech Republic, in the southern city on May 25.

Vice Chairman of the Ho Chi Minh City People’s Committee Vo Van Hoan on May 25 hosted a reception for Jagrup Brar, Minister of State for Trade at the Ministry of Jobs, Economic Development and Innovation in the Canadian province of British Columbia, where they discussed orientations to promote trade and investment cooperation.

The Ministry of Planning and Investment (MPI) is working on the design of incentives and measures to support new investment activities amid the upcoming application of the global minimum tax.

The stock market is expected to see more investment opportunities for the medium and long term in the second quarter of 2023, according to analysts.

Vietnam has yet to lose its advantage as an attractive destination for foreign investment flows, although in the short term, investors are taking a careful consideration before making their decision, according to Lecturer Nguyen Xuan Thanh from the Fulbright School of Public Policy and Management.

Prime Minister Pham Minh Chinh has signed a directive clarifying tasks and solutions to enhance the efficiency of foreign investment attraction in the new period.

The Indian-based conglomerate Adani Group is working on a seaport investment project in Vietnam with an investment of about 2 billion USD, unveiled CEO of its Adani Ports and SEZ Limited (APSEZ) Karan Adani at a meeting with Vietnamese Minister of Transport Nguyen Van Thang in Hanoi on May 24.

Vietnam welcomes partners, including those from India, who are interested in investing in infrastructure, especially strategic infrastructure in the country, including transportation, energy, digital, and climate-adaptive infrastructure, Prime Minister Pham Minh Chinh told CEO of the Adani Group’s Adani Ports and SEZ Limited (APSEZ) Karan Adani during a reception in Hanoi on May 24.

Experts have said that the support policies must be practical to ensure accessibility for enterprises.

Malaysian government on May 23 announced the implementation of many renewable energy research and development programmes to encourage the participation of the private sector in the field of renewable energy.