Female Vietnamese racer participates in FIA Motorsport Games in France

Sunday, 30/10/2022 17:45
First Vietnamese female racer, named Nguyen Gia Bao, has participated in the FIA Motorsport Games, with the 2022 version of the event underway at Circuit Paul Ricard in La Castellet of Marseille in France.
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Racer Nguyen Gia Bao (Photo: VNA) 

Bao, who is the first Vietnamese professional racer licensed by FIA, competed in the Auto Slalom category, said the Vietnam News Agency.

She is also the first Vietnamese woman to join the FIA's Women In Motorsport Commission.

This year, FIA Motorsport Games attracts many famous racers from 76 countries and territories globally.

According to the schedule, the tournament will last until October 31.

Vietnam attends int'l travel show in Canada

Vietnam attended the International Tourism and Travel Show that took place in Montreal, Canada, from October 28-30 after two years of absence due to impact of the COVID-19 pandemic.

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Vietnam’s tourism products displayed at the event (Photo: VNA) 

The Vietnamese booth drew a large number of visitors at the event which saw the presence of travel firms from more than 100 countries, according to the Vietnam News Agency.

Speaking to Vietnam News Agency, Ambassador to Canada Pham Cao Phong stressed the significance of people-to-people exchange in the Vietnam-Canada relations.

He said that there are more and more Canadian businesses and tourists interested in Vietnam, especially during the winter in Canada.

The diplomat expresses his hope that progress will be made in the visa policy of both countries to create more favorable conditions for people and businesses of both sides to visit and seek partnership with each other.

Manon Ferlatte, a senior tourism advisor, said that Vietnam is an ideal destination for those who love the romantic and peaceful beauty of beaches and wonderful terraced fields.

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Visitors learn about Vietnam’s destinations at the event (Photo: VNA) 

Tourism is a major economic sector of Canada that creates one-tenth of total jobs in the country, with 225,000 travel firms.

However, a report by the Conference Board of Canada showed that the number of international tourists to Canada will only recover and surpass the figure recorded before COVID-19 broke out in 2026.

Vietnamese citizen among dead in Halloween stampede in RoK

A Vietnamese citizen was confirmed to be among the people killed in a Halloween celebration stampede in Seoul on October 29 night, according to the Vietnamese Embassy in the Republic of Korea (RoK).

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At the narrow alley where the tragedy occurred (Photo: VNA) 

RoK Foreign Minister Park Jin sent a letter to Vietnamese Ambassador to the RoK Nguyen Vu Tung, expressing his condolences over this incident and affirming that he will make every effort and work closely with the embassy in the matter, said the Vietnam News Agency.

The embassy said it was cooperating with local authorities to verify information and the identity of the Vietnamese deceased.

It has also requested RoK authorities to investigate the cause of the incident and is performing necessary citizen protection measures.

The embassy has contacted and assisted members of the bereaved family in the identification work, and relevant procedures.

The Consular Department under the Vietnamese Ministry of Foreign Affairs (MoFA) has called on Vietnamese citizens who know more information about Vietnamese citizens that may be victims of the incident to notify the department for assistance.

Units of the MoFA and the Vietnamese Embassy in the RoK have set up a working group to continue keeping a close watch on the case, and taken various measures to protect citizens in case there are more Vietnamese victims.

Vietnamese citizens can contact the Citizen Protection Hotline: ( 84) 981.84.84.84 or that of the Vietnamese Embassy in the RoK ( 82)10.6315.6618 for help if necessary.

FDI inflows reach 22.46 billion USD in 10 months

Foreign capital inflows fell whereas disbursed capital rose in the first 10 months of 2022, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

The total newly-registered capital, adjusted capital, and capital contribution and share purchase stood at 22.46 billion USD in the January-October period, down 5.4% year-on-year.

Specifically, 1,570 projects were granted investment registration certificates during the period, with total registered capital of 9.93 billion USD, down 23.7% from last year. 

One bright spot was disbursed capital, which topped 17.45 billion USD in the first ten months of the year, 15.2% higher than the same period last year. It was expected to hit 22 billion USD by the year-end, said the Vietnam News Agency.

Adjusted capital, as a single item itself, reached over 8.74 billion USD, up 23.3% year-on-year. Roughly 880 projects registered for capital adjustment during the ten-month period.

There were 2,997 capital contributions and share purchases by late October, equivalent to 3.97 billion USD. The figure was 4.5% higher than that in 2021.

FIA Director Do Nhat Hoang underlined two factors behind the falling registered capital, which are stringent COVID-19 preventive measures and global uncertainties.

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FDI inflows reach 22.46 billion USD in 10 months (Photo: vneconomy.vn) 

He said strict COVID-19 preventive measures had made it more difficult for foreign investors to travel to Vietnam to seek new investment opportunities. Such hindrance held back the number of newly-registered projects in early 2022.

Global uncertainties, including geopolitical conflicts, inflationary pressures and supply chain disruptions, compounded the situation by scaling down the capital flows from big economies, especially Vietnam's partners.

On the bright side, many large-scale projects had their capital adjusted up significantly in ten months. For instance, Samsung Electro-Mechanics Vietnam was given two capital boosts, of 920 million USD and 267 million USD.

Samsung HCMC CE followed suit with 841 million USD. The projects to manufacture electronics and multimedia devices in Bac Ninh, Nghe An and Hai Phong provinces were financed with additional capital of 306 million USD, 260 million USD and 127 million USD, respectively. 

The rise in additional capital indicates that foreign investors have great confidence in Vietnam's economic growth and business environment.

The FIA census also showed that foreign investors invested in 18 out of 21 sectors of the economy during the period. Of which, processing and manufacturing took the lead in terms of foreign investment, with 12.9 billion USD.

Realty estate came next with a total investment of 3.9 billion USD, followed by electricity production and distribution with 928 million USD and scientific and technological activities with 835 million USD.  

It is also worth noting that wholesale and retail, processing and manufacturing, and scientific and technological activities were the sectors with the largest number of newly-registered projects, accounting for 29.9%, 24.8% and 16.7% of the total number of newly-register projects in the country.

By partners, 103 countries and territories poured money into Vietnam over the year. Singapore was on top with 5.3 billion USD, accounting for 23.8% of the total foreign investment into the country.

Japan came second with 4.2 billion USD and the Republic of Korea (RoK) came third with 3.9 billion USD. Other names further down the list included China, Hong Kong (China) and Denmark.

Despite its third position regarding investment capital, the RoK topped the list of investors when it comes to the number of newly-registered and capital-adjusted projects in the ten-month period./.

Compiled by BTA

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