 |
| Many large firms have shown their interest in Vietnam (Photo: VNA) |
A delegation of 25 member companies of the Automotive Component Manufacturers Association of India (ACMA) has paid a business trip to Vietnam to explore the country’s investment and business opportunities. ACMA groups 800 makers of auto parts and components that contribute more than 85% to the revenue of the Indian auto industry.
Yuvraj Kapuria, President of YBLF - a member of ACMA, said that ACMA wants to cooperate with businesses in the Vietnamese automobile industry to jointly explore new markets through all forms of cooperation.
Recently, Yerkin Tatishhev, founder and chairman of Kusto Group, also visited Vietnam after a three-year hiatus due to the COVID-19 pandemic. Following a 10-day trip with many meetings with Vietnamese officials and businesspeople, Tatishhev plans to expand investment in Vietnam, after having invested more than 1 billion USD in 10 projects in Vietnam over the past 15 years. Kusto Group’s two fields of interest are social housing and infrastructure projects.
Kusto Group is likely to invest up to hundreds of millions of USD in Vietnam in the near future if projects meet the group's criteria and business philosophy.
The southern province of Binh Duong was among the places Tatishhev visited to look for investment opportunities. A few days ago, Robert Wu, Chairman and CEO of Sharp Corporation (Japan), also paid a visit to this locality.
 |
| Foxconn plans to invest 300 million USD in Bac Giang. Illustrative image (Source: vneconomy.vn) |
Wu said that his firm will continue to expand production and business facilities in the southern industrial hub. He noted that Vietnam's economy is expected to accelerate after the pandemic, while the Vietnamese government is also giving more incentives to foreign businesses.
SK Group, a company from the Republic of Korea (RoK) - has even bigger ambitions in the Vietnamese market.
During an online exchange with Minister of Planning and Investment Nguyen Chi Dung and Minister of Industry and Trade Nguyen Hong Dien in mid-August, Chey Tae-won, Chairman of SK Group, said the group is considering conditions to invest in hydrogen projects in the Mekong Delta and high-tech projects using clean energy in Vietnam.
As the second largest corporation in the RoK, SK Group has inked many large investment deals in Vietnam, including pouring 470 million USD to buy a 9.4% stake in Masan Group, 1 billion USD to get a 6% stake in Vingroup, and 340 million USD into TheCrownX. According to some sources, it is most likely that SK will inject capital into the Pharmacity drugstore network in Vietnam.
Deputy Director of the Department of Foreign Investment under the Ministry of Planning and Investment Nguyen Anh Tuan attributed the results to Vietnam's good control of the COVID-19 pandemic, its advantages in terms of human resources and domestic market, and the determination to improve the investment and business environment.
However, Minister of Planning and Investment Nguyen Chi Dung said Vietnam needs to do more to tap FDI opportunities, including designing a proper response policy and preparing land, resources, personnel and infrastructure.
Vietnam moves to strongly integrate into int’l labour market
Vietnam is striving to develop a modern and internationally integrated labour market, considering it a key to a strong connection with the global labour market and ensure the harmonisation of the domestic labour market, reported Vietnam News Agency.
 |
| Illustrative image (Photo: VNA) |
After 35 years of the Doi moi (Renewal) process, Vietnam's labour market has witnessed a remarkable development in both scale and quality, deeply integrating into the international market.
Strong solutions to restructure the national economy, improve the business environment, attract investment and promote production and business in recent years have contributed to restructuring the labour force and increasing the number of labourers working in enterprises and production and business establishments.
Policies, programmes and measures to generate jobs have been implemented synchronously and effectively, ensuring the labour supply for the market.
From approximately 28 million people in 1986, Vietnam’s labour force has increased to more than 51 million by mid-2022. The percentage of trained labourers in 2015 was 49%, and rose to 67% in the first six months of this year.
The work of sending labourers to work abroad under contract has also produced a good performance. There are more than 600,000 Vietnamese employees working in 40 countries and territories worldwide with stable income, sending home 3.5 billion USD worth of remittances per year.
The number of guest workers has increased gradually through years, with an average growth of 10% per year.
According to Minister of Labour, Invalids and Social Affairs Dao Ngoc Dung, the ministry has set out many tasks and solutions, focusing on strengthening communication work to affirm the transparency of the Vietnamese labour market, as well as its ability to supply human resources meeting requirements of enterprises.
Attention has also paid to evaluating the demand for human resources of foreign businesses investing in Vietnam, thus managing and developing the labour market towards flexibility, modernity and sustainability.
Minster Dung also underlined the need to perfect the system of policies and laws to synchronously develop elements of the labour market, improve the operational efficiency of the market's intermediary institutions.
Overseas Vietnamese children celebrate Mid-Autumn Festival
Overseas Vietnamese children in different countries have enjoyed a merry Mid-Autumn Festival with celebrations held in various forms, reported Vietnam News Agency.
 |
| Vietnamese Ambassador to Russia Dang Minh Khoi presents lanterns to children at the Mid-Autumn Festival celebration on September 9. (Photo: VNA) |
In Moscow, the trade union of the Vietnamese Embassy in Russia held a programme on September 9 for children of the embassy and other representative agencies’ staff members to celebrate the festival, which fell on September 10 this year.
Vietnamese Ambassador to Russia Dang Minh Khoi presented rewards to the children with outstanding academic performance and gave an explanation of the Mid-Autumn Festival’s significance.
He stressed that the Party and State always care for children, regardless of where they live. He also encouraged them to keep studying and making self-improvement to contribute to national development in the future.
The same day, a musical programme was held at the Moscow Trade Centre (also called Liublino Market), where a large number of Vietnamese people are working, to mark the festival. Children of the overseas Vietnamese were also presented with gifts on this occasion.
On September 10, students of the Tan Tien Khmer - Vietnam Primary School in Chbar Ampov district of Cambodia’s Phnom Penh capital also received Mid-Autumn Festival gifts.
The school has four facilities in Phnom Penh and provides teaching in the Khmer language to students from the preschool level to the fourth grade.
Meanwhile, Phat Tich Pagoda and the Vietnamese People Association in Vientiane held a festival celebration on September 10 with the participation of a large number of Vietnamese people and their children in the capital city of Laos.
A similar event was organised the same day by the liaison board of the Vietnamese community and the Vietnamese Embassy in Singapore. The ceremony attracted not only hundreds of Vietnamese families but also international friends like representatives of the People’s Association of Singapore and the Japanese and Philippine people associations in Singapore.
Other celebrations were also held on September 10 by the Vietnamese Embassy in Malaysia, the Vietnamese People Association in Malaysia’s Klang area, and the Vietnamese Embassy in the US.
Memorial house for Vietnamese volunteer soldiers launched in Cambodia
A 600-sqm memorial house where remains of Vietnamese volunteer soldiers dying in battle in Cambodia will be kept was inaugurated in the north-western province of Battambang on September 10, reported Vietnam News Agency.
 |
| The memorial house for Vietnamese volunteer soldiers dying in battle in Cambodia is inaugurated in the north-western provinceof Battambang on September 10. (Photo: VNA) |
Starting two months ago, the facility's construction was funded by Metfone, the Cambodia-based affiliate of military-run telecom group Viettel, and MB Bank in Cambodia.
It forms part of activities to commemorate the 55th anniversary of the two countries’ diplomatic relations.
The project’s launching ceremony was attended by Vietnamese Ambassador to Cambodia Nguyen Huy Tang and General Ek Som Oun, deputy commander of the Cambodian Royal Army and Commander of the Military Region 5.
Ambassador Tang expressed his thanks to Cambodian authorities and people for providing all possible conditions for the construction of the memorial house, a worship place to pay tribute to Vietnamese volunteer soldiers killed in Cambodia.
He expected the Cambodian side to continue supporting Vietnam in searching for and repatriating the soldiers.
General Ek Som Oun, for his part, showed his gratitude towards the Vietnamese Party, military and people for helping Cambodia topple the Pol Pot genocidal regime and revive the country./.