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Thanh Hoa attracts US$6 billion in 32 investment projects
More than half of investment pledges will go to the manufacturing sector, followed by tourism and urban infrastructure development, which drew VND22.8 trillion and VND21.5 trillion respectively.
The remaining capital is earmarked for agriculture and healthcare projects.
Speaking at the conference, Prime Minister Nguyen Xuan Phuc praised Thanh Hoa province for attracting selective investment in priority sectors, emphasising that with its dynamic economy and great potential, Thanh Hoa will soon become a model province.
He urged the province to continue improving its business environment, increase transparency and reduce costs for enterprises, adding that local authorities should be more active in attracting investment and utilise its competitive advantages.
The Prime Minister asked Thanh Hoa to consider developing a high-tech and large-scale agriculture, diversify its tourism services and enhance the competitiveness of locally based enterprises.
He emphasised that the province needs to give priority to the development of human resources and large enterprises as well as combine fostering economic growth with protecting the environment.
PM Phuc revealed that the government would soon build the Thanh Hoa-Nghe An Expressway, expand rail links, and upgrade Tho Xuan to an international airport.
Earlier the same day, PM Phuc met with the leadership of Thanh Hoa, where he commended the province for determining tourism and related services as a key sector.
The government leader also asked Thanh Hoa to tap into its other strengths to increase the province’s appeal to investors.
Corruption and illegal cash deals hamper efforts to tackle rape in Cambodia
By Beh Lih YiKUALA LUMPUR (Thomson Reuters Foundation) - The conviction rate for rape cases in Cambodia is "disturbingly low", as corrupt officials mediate illegal settlements and pocket kickbacks, deterring women from coming forward and hampering efforts to tackle the crime, activists said.Campaigners have long said sexual violence is not taken seriously in the Southeast Asian country of 15 million people, and there is widespread impunity.Of 282 rape and attempted rape cases investigated by… chat_bubble_outline Read More...
Seaside residents evacuated as UK faces severe flood warnings
London (AFP) - Seaside residents in southern England were ordered to evacuate Friday as Britain faced severe flood warnings, after snow caused flights to be cancelled.Police officers went door-to-door in the village of Jaywick, southeastern England, on Thursday to warn residents they would be evacuated the next morning ahead of heavy rain and high winds.The order came as the Environment Agency issued seven severe flood warnings, indicating danger to life, and 68 further flood warnings which… chat_bubble_outline Read More...
The giant rock wonders in Phu Yen rice fields
VietNamNet Bridge – Amid a flat rice field are giant rocks of varied odd shapescalled Hoa Thang reefs. Phu Yen is best known for Ghanh Da Dia, but this province is also the home to another unique reef called Hoa Thang, in Hoa Thang commune of Phu Hoa district. This is a field of giant rocks of odd shapes spanning almost 1 km. This reef is also called Ngu Thach Son (five rock mountains) because it is divided into 5 large rocks, including Ganh Mieu, Ganh Dung, Ganh Quan, Ganh Quyt and Ganh… chat_bubble_outline Read More...
White House warns China will take export markets without TPP
Washington (AFP) - The White House warned Thursday that failure to approve the Trans-Pacific Partnership trade pact will put billions of dollars in US exports at risk to competition from China.Without TPP, which has been a hot-button issue in the US presidential campaign, China and other countries could move ahead with a rival regional trade pact, leaving US goods at a disadvantage.This could put at risk 35 US export sectors that send $5.3 billion in goods to Japan's market alone, and employ… chat_bubble_outline Read More...
Moody's: Capital shortfall remains key credit burden for VN banks
Moody’s Investors Service has said that Vietnamese banks will face capital shortfalls over the next 12-18 months and that such a situation continues to represent a key credit burden for the industry. The SBV headquarters “The banks’ rapid loan growth rates will widen their capital gap, according to our baseline scenario of robust economic growth in Vietnam over the coming 12-18 months,” said Ms. Daphne Cheng, a Moody’s analyst.Moody’s also estimates that at end-2016, Vietnam’s banking system… chat_bubble_outline Read More...