The national airline of Vietnam finally saw “the light at the end of the tunnel” when the National Assembly agreed with the Government’s proposal for solutions to help Vietnam Airlines overcome difficulties caused by the Covid-19 pandemic.
In the resolution of the 10th session, the 14th National Assembly approved two options. Firstly, the State Bank of Vietnam refinances and extends no more than two times for credit institutions (excluding those under special control) to allow Vietnam Airlines to borrow additional capital to serve production and business activities.
By Dat Nguyen November 23, 2020 | 10:50 am GMT+7 vnexpressAn LNG tanker passes by the Strait of Singapore. Photo by Shutterstock/Igor Grochev.
Several foreign and domestic companies have expressed interest in building multibillion-dollar liquefied natural gas power and storage plants in the central province of Khanh Hoa.
Four foreign firms, Millennium Group of the U.S., Sumitomo Corporation and J-Power of Japan and a venture between Vietnam’s Embark United and the U.S.’s Quantum, want to build plants in the Van Phong Economic Zone, province authorities said in a recent statement.
Wednesday, November 18, 2020, 15:30 GMT+7 vnexpress
Claimed to last for at least 50-70 years, stones used to pave major streets in Hanoi are falling apart only a few years after they were installed.
Three years ago, Hanoi’s authorities introduced a new set of regulations on road renovation, which slated a complete transition of paving material from bricks to natural stone on 900 streets of the capital city for the end of 2020.
In the process, natural stone was praised as a sturdy paving material which can last for at least 70 years.
The U.K. government has rolled out new rules to protect Britain’s innovative companies from being snapped up by other nations.
But is it too little, too late? Arm was sold to Japan’s SoftBank in 2016 and DeepMind was sold to Google in 2014.
Even though DeepMind and Arm are no longer British in some people’s eyes, there are a number of other fast-growing tech companies that very much are.
Britain’s Prime Minister Boris Johnson giving a statement in Downing Street in central London on April 27, 2020 after returning to work following more than three weeks off after being hospitalized with the Covid-19 illness.DANIEL LEAL-OLIVAS
Deputy Prime Minister Trinh Dinh Dung has approved the first phase of the Long Thanh International Airport in the southern province of Dong Nai.
A rendering of the proposed Long Thanh International Airport in the southern province of Dong Nai. – Photo courtesy of Airports Corporation of Vietnam
The project has four component projects such as headquarters of State management agencies, flight management services, essential airport facilities, and other works.
Major works such as airport buildings, the aircraft apron, passenger terminals, and cargo terminals will be built by the Airport Corporation of Vietnam (ACV), which operates 21 airports across the country.
Remittances to Vietnam are set to fall for the first time since 2009 to $15.7 billion this year over Covid-19 impacts.
However, even though this is a 7.6 percent drop from last year’s 17 billion USD, Vietnam will remain the ninth biggest remittance beneficiary in the world, according to a recent report by the World Bank.
In just a month, central Vietnam got struck by three floods, four storms and a series of landslides that claimed 159 lives and left 71 missing.
On October 4, provinces from Thanh Hoa to Quang Ngai along the central strip of Vietnam recorded heavy rains due to a combination of a cold spell moving down from the north and winds from the east. After months of drought, rains brought joy to the people of central Vietnam. But little did they know the rain in fact signaled a streak of consecutive disasters.
A residential area in Thua Thien-Hue Province is submerged under flood water, October 10, 2020. Photo by VnExpress/Vo Thanh.
The government is taking a cautious view in setting its development goals for 2021, which is understandable due to lingering risks from the Covid-19 pandemic.
The Vietnamese National Assembly (NA)’s year-end meeting, scheduled to last for more than three weeks from October 20 to November 17, will focus on reviewing socio-economic development in 2020 and decide important matters related to socio-economic issues and the state budget for the next year.
Does investor protection increase foreign direct investment? A meta‐analysis
par Josef C. Brada, Zdenek Drabek, Ichiro Iwasaki
We undertake a meta‐analysis of the effects of international investment agreements for the protection of foreign investors on foreign direct investment using 2107 estimates drawn from 74 studies. Our meta‐analysis finds robust evidence that effect of international investment agreements is so small as to be considered zero. However, our results do not rule out the possibility that the effect of these agreements is, in fact, positive and that current research methods are insufficiently powerful or precise to identify the underlying genuine effect. FDI from developed countries appears to be more responsive to the existence of investment protection, and there is evidence of publication–selection bias in favour of studies that find a positive effect for investor protection.
With minor differences, international observers agree that the latest Vietnam visit by U.S. Secretary of State Mike Pompeo signals post presidential election continuity.
While at least one expert is troubled by the lack of any new development, others see significance in the visit happening, per se.
“Pompeo’s unexpected visit to Hanoi must be viewed as a significant development, because it came at a time when the Covid-19 has severely impacted high-level face-to-face meetings,” Carlyle Thayer, Emeritus Professor from the University of New South Wales Canberra at the Australian Defense Force Academy, said.
U.S Secretary of State Pompeo (L) with Vietnamese PM Nguyen Xuan Phuc in Hanoi, October 30, 2020. Photo by Vietnam News Agency.
HANOI — AES Corp. will sign a deal with PetroVietnam Gas GAS.HM to develop a $2.8 billion liquefied natural gas (LNG) import terminal and a power plant in Vietnam, U.S. Secretary of State Mike Pompeo said on Wednesday.
“Vietnam has given the green light to AES Corp., a company based in Virginia, to go forward with the project,” Pompeo said at a virtual Indo-Pacific Business Forum.
Rapid urbanization and economic development can intensify natural disaster risks for Vietnam’s coastline and wipe billions of dollars off its economic growth over the next decade.
A report released Wednesday notes that Vietnam’s coastline, despite being among the most exposed to natural hazards like storms, floods and erosion, also hosts thriving economic sectors that provide livelihoods for a growing and rapidly urbanizing population.
The report, titled “Resilient Shores,” is a collaboration between the Vietnamese government, the World Bank and the Global Facility for Disaster Reduction and Recovery.