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Image : Farmers' party scores surprise win in Lithuania vote: election official

Farmers' party scores surprise win in Lithuania vote: election official

person Orange Themes access_time Oct 24,2016

Vilnius (AFP) - A Lithuanian farmers' party that previously held only a single seat in parliament scored a surprise victory in Sunday's general election run-off, ousting the governing leftists and trouncing conservative rivals.

Image : Hike in food prices mainly accounts for November’s CPI surge

Hike in food prices mainly accounts for November’s CPI surge

person Orange Themes access_time Nov 28,2016

NDO—The Consumer Price Index (CPI) in November rose by 0.48% compared to October, 4.52% over the same period of last year and 4.5% against last December, the General Statistics Office (GSO) announced on November 28.

Image : When will Vietnamese entrepreneurs go global?

When will Vietnamese entrepreneurs go global?

person Orange Themes access_time Mar 13,2017

Vietnamnet - It will take another five to 15 years for Vietnamese entrepreneurs can become global business leaders, according to a study by the Human Capital Leadership Institute.

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EU-VNFree Trade Agreement to boost IP development: expert

access_time May 17,2017 chat_bubble_outline 31 views

The EU-Vietnam Free Trade Agreement (EVFTA) will help Vietnam become the regional hub for many foreign manufacturing companies, promoting the development of industrial parks (IPs) in the country, said Gellert Horvath, vice chairman of the European Chamber of Commerce (Eurocham).


EU-VNFree Trade Agreement to boost IP development: expert



According to Gellert the EU is currently Vietnam’s second largest export market and Vietnam is the EU’s 11th largest source of imports. About 900 European enterprises have invested in Vietnam – the highest in Southeast Asia.

The EU’s total registered capital till December 2016 reached US$21.5 billion. In the first quarter of the year, it reached $96.29 million.

EU companies have invested in 18 sectors, focusing on manufacturing and processing (34.7 percent), power distribution (14.8 percent) and real estate trading (11.9 percent).

He said that Vietnam had the advantages of having favourable political and geographical location in comparison to other countries in the region, such as Indonesia, Malaysia and Thailand. In addition, the Government made efforts in its international integration process.

He added that Vietnam was a great location for EU manufacturers to export their goods to Asian countries. Its industrial park network was therefore expected to grow strongly over the next few years.

According to Nguyen Noi, deputy head of the Foreign Investment Agency under the Ministry of Planning and Investment, Vietnam has 324 IPs, 16 seaside economic zones and three hi-tech parks. The Government is set to increase the number of hi-tech parks to six by 2030, while developing three special economic zones in Van Don, Cam Ranh and Phu Quoc.

Noi said Vietnam had signed 66 Bilateral Investment Promotion and Protection Agreements (BIPA). The country would have free trade relationships with 55 partners and 15 members of G20, which accounts for three-fourth of the world’s GDP.

He explained that the investment inflow into Vietnam, especially garment and textile, leather shoes, wooden furniture, electronics and information and technology would increase thanks to deep integration and zero export taxes.

The country’s northern region has the advantages of abundant labourers, big market and improved infrastructure, and more particularly, integrated IPs system and high tenant rate, according to Nội.

The region has been the country’s biggest industrial manufacturing hub, with the establishment of a supply chain in the electronics sector from companies such as Samsung, LG, Canon and Kyocera and automobile makers including, Toyota, Honda, Hyundai and Ford, since 2008.

Victor Lim, deputy director of Vietnam – Singapore Industrial Park (VSIP) Bac Ninh, said that they planned to build a smart city near the IP called the VSIP Bac Ninh Township Development Master Plan, which is a combination of manufacturing and residential.

The move was taken by many IPs to boost investment in infrastructure and welcome more foreign manufacturers into Vietnam.

The master plan includes many categories, such as a sports hub, a golf driving range, the Belhomes landed housing project, a business hub cluster and park, a wet market, a shopping mall, a hotel, mid-end landed properties, a school complex, and worker housing. He noted that many of these were calling for investment.

Horvath said Vietnam should develop the complex model in the future.

Chua Ah Lay, Chairman and CEO of Santomas Vietnam, which has been in Vietnam for nearly 20 years, said his company was providing transport for workers from neighbouring towns to IPs.

“If there was workplace accommodation next to the IP, it would be very good for us,” he said.

Over the last two decades, VSIP has become one of the largest developers of integrated IPs and complexes in Vietnam. It has operations in the southern, northern and central economic zones of Binh Duong, Bac Ninh, Hai Phong, Quang Ngai, Hai Duong and Nghe An.

VSIP has about 690 companies from 30 economies, attracting an investment capital of $9.1 billion and generating about 180,000 jobs from operating tenants.

VSIP was established in 1996 based on mutual co-operation and support between the two governments of Vietnam and Singapore.

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US, SKorea discuss nuclear deterrence against NKorea

WASHINGTON (AP) — Top U.S. and South Korea diplomats and defense officials are discussing their response to the growing threat from North Korea's nuclear and missile programs.The meeting Wednesday comes weeks after the North's most powerful nuclear test explosion to date, and days after its failed test launch of a ballistic missile.On the agenda is how to strengthen the so-called "extended deterrence" provided by U.S. nuclear forces in defending South Korea. Seoul is looking to allay calls from… chat_bubble_outline Read More...

Bill Clinton Gives Final Solo Campaign Rally of the Election Cycle

The Clinton campaign has released prominent Democratic surrogates out on the trail on the eve of Election Day, and today in Greensboro, NC, former President Bill Clinton was among them. He delivered his closing, passionate plea in what was his last solo campaign event of the election cycle."North Carolina you got a lot on the line!” he cautioned. “It’s close. It always is.”After more than 200 campaign rallies, countless retail politicking and headlining a number of fundraisers, the former… chat_bubble_outline Read More...

Iraqi special forces sweep Mosul University for remaining militants: spokesman

BAGHDAD (Reuters) - Iraqi special forces swept through the campus of Mosul University on Sunday to clear it of any remaining Islamic State militants after taking full control of the area, a spokesman said.A military statement said troops had also taken another area along the eastern bank of the Tigris river, in gains that are bringing more of Islamic State's last major stronghold in the country under Iraqi forces' control.Counter-terrorism service (CTS) troops drove the jihadists back inside… chat_bubble_outline Read More...

European Paper Review: Fury at Barca slump, PSG backlash, Dortmund recover, Marchisio misery

Andy Mitten looks at a third straight defeat for Barça as both Madrid sides close in at the top of La Liga. Also, the German press are lost for words after Liverpool’s win against Dortmund, while in Italy Juventus move nine clear at the top of Serie A - but it comes at a price. Gerard Pique lying prostrate on the floor after his side lost a third consecutive league game. Barça’s nine point lead has been reduced to a head-to-head advantage with five games of La Liga to play.“What an injustice!”… chat_bubble_outline Read More...

Why California prosecutors charged anti-abortion activists who secretly filmed Planned Parenthood

Two anti-abortion activists who secretly filmed conversations with Planned Parenthood staff now face felony charges.On Tuesday, California prosecutors charged David Daleiden of Davis, Calif., and Sandra Merritt of San Jose, Calif., with 15 felonies. That includes one felony count for each of the 14 people they allegedly filmed without permission in three California counties between October 2013 and July 2015. Prosecutors also charged the pair with criminal conspiracy to invade privacy.The… chat_bubble_outline Read More...

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