RoK helps Vietnam develop investment information system

5/4/2018 - 7:55:47 AM

The Government of the Republic of Korea (RoK) will provide a non-refundable aid package worth US$5.5 million to help Vietnam carry out a project on upgrading and developing the national investment information system for 2018-2021.

At the signing ceremony of the record of discussions. (Source: baodauthau.vn)

A memorandum of understanding to this effect was signed between Vietnam’s Ministry of Planning and Investment (MPI) and the Korea International Cooperation Agency (KOICA) in Hanoi on May 3.

The US$ 6.2 million project aims to improve the ministry’s capacity for collecting, managing and analysing national database on investment, while providing online public services for investors.

It is also seen as a tool assisting localities in granting investment licences and managing projects.

MPI Deputy Minister Vu Dai Thang said the two sides committed to ensuring the progress of the project in order to contribute to promoting foreign direct investment (FDI) in Vietnam, and strengthening cooperation between Vietnam and the RoK.

According to the MPI’s Foreign Investment Agency, Vietnam has to date attracted 25,524 FDI projects valued at nearly US$ 320 billion.

The RoK takes the lead among 126 countries and territories investing in Vietnam, with more than 6,800 project worth over US$ 59 billion.

In the first four months of this year, the RoK invested and expanded investments in about 420 projects with total capital of more than US$ 2.3 billion, the agency said.

Source: NDO

Several communes in Lac Thuy district struggle to promote OCOP products

In Lac Thuy district, communes have been succeeded in promoting their One Commune-One Product (OCOP) products while others are still struggling to position their typical farming products in market. Some communes in the district still fail to have their products met OCOP programme’s requirements, while others have seen their certifications expired.

Maintaining the Lac Thuy chicken brand

Lac Thuy district develops indigenous tea trees

Measures sought to improve PCI’s informal component indexes

The inspectorate agency of Hoa Binh province has issued Official Dispatch No. 1090/TTr-PCTN to provincial departments, agencies, localities, business associations, enterprises, and investors regarding measures to improve informal component indexes of the Provincial Competitiveness Index (PCI).

Hoa Binh works to enhance investment climate: Responsibility, action enable Kim Boi to welcome billion-dollar projects

Hoa Binh is taking concrete steps to improve its investment environment, with a strong focus on supporting businesses, settling obstacles for strategic investors, and creating opportunities for robust development in the coming years.

Nhuan Trach industrial park accelerates construction to welcome investors

Under the blazing early summer sun, the construction site of Nhuan Trach Industrial Park (IP) in Luong Son district is abuzz with activities from dawn to dusk, a testament to the determination of the investor to meet their construction targets on schedule.