Vinh Phuc province has new chairman
Tran Duy Dong, deputy Party chief of Vinh Phuc and former Deputy Minister of Planning and Investment, has been elected chairman of the northern province for the term 2021-2026.
With 100% of votes in favor, Dong was elected at a meeting of Vinh Phuc People’s Council, the provincial legislative body, on Wednesday.
Previously, on Tuesday, Vinh Phuc’s Party Committee announced the Party Central Committee’s Secretariat decision on appointing Tran Duy Dong, Deputy Minister of Planning and Investment, as provincial deputy Party chief for the 2020-2025 term.
Tran Duy Dong, born in 1979 in Thanh Hoa province, has a doctorate degree in economics and a master’s degree in public policy from Japan.
He spent many years working at the Ministry of Planning and Investment, starting as an official at the Department of Export Processing Zones and Industrial Parks Management, now the Department of Economic Zones Management. In 2014, Dong was appointed director of the department.
In November 2018, Dong became director of the ministry's Department of Regional and Local Economy. In early October 2020, he was appointed by the Prime Minister as Deputy Minister of Planning and Investment.
The Vinh Phuc People's Committee currently has two vice chairpeople, Vu Viet Van and Vu Chi Giang.
The position of Vinh Phuc chairperson had been vacant for five months after the Ministry of Public Security’s investigative agency on March 8 detained then chairman Le Duy Thanh for “accepting bribes” in a case related to Phuc Son Group.
For the same alleged crime in this case, two other key leaders of Vinh Phuc were detained, Party chief Hoang Thi Thuy Lan and standing deputy Party chief Pham Hoang Anh.
On April 23, the investigative agency arrested Nguyen Van Khuoc, vice chairman of Vinh Phuc province cum chairman of the provincial Council of Land Valuation, and many other officials.
A series of department directors and local leaders in Vinh Phuc also received warnings or were reprimanded by the Central Inspection Committee for violations related to projects implemented by AIC Company, FLC Group and Phuc Son Group.
Vinh Phuc province is a manufacturing hub in northern Vietnam, together with Hanoi, Hai Phong, Hai Duong, Hung Yen, Nam Dinh, Bac Ninh, Bac Giang and Thai Nguyen. The province is home to many foreign-invested facilities like those of Toyota, Honda, TOTO and Asahi.
- Read More
Vietnam faces complex challenge as counterfeits shift to cyberspace
Even as the prevalence of counterfeit goods in traditional markets has dropped significantly, their online presence has become a growing concern, says Nguyen Ngoc Ty, CEO of Non Son Fashion Company Limited, a company dedicated to producing and selling hats and helmets.
Economy - Wed, November 13, 2024 | 7:21 pm GMT+7
Japan food firm Kyokuyo completes $14 mln factory in southern Vietnam
Kyokuyo Vina Foods Co., Ltd., under Japan’s food firm Kyokuyo, has completed the construction of a JPY2.1 billion ($13.5 million) factory, its first facility in Vietnam.
Companies - Wed, November 13, 2024 | 4:23 pm GMT+7
StanChart arranges $100 million syndicated loan for Vietnam-based Stavian Chemical
Standard Chartered Vietnam has acted as the sole mandated lead arranger and bookrunner in a $100 million maiden offshore syndicated loan transaction for Stavian Chemical JSC.
Banking - Wed, November 13, 2024 | 4:19 pm GMT+7
Vietnam dong hits historic low
The Vietnamese dong (VND) has reached a historic low against the U.S. dollar (USD) as the greenback continues strengthening on the international market.
Banking - Wed, November 13, 2024 | 3:48 pm GMT+7
Vietnam gov't seeks parliamentary green light for colossal high-speed railway project
An ambitious plan to build a transnational high-speed railway route has been proposed to the Vietnamese parliament for approval amid concerns about the project’s financial feasibility.
Infrastructure - Wed, November 13, 2024 | 3:19 pm GMT+7
Climate change can cut Asia-Pacific GDP by 16.9%, Vietnam by 30%: ADB
By 2070, climate change under a high-end emissions scenario can cause a total loss of 16.9% of GDP across the Asia-Pacific region, the Asian Development Bank (ADB) has said in its “Asia-Pacific Climate Report 2024.”
Economy - Wed, November 13, 2024 | 3:11 pm GMT+7
Japan beverage maker Suntory sees Jan-Sept Vietnam revenue rise to $749 mln
Japan-based brewing and distilling firm Suntory, a partner in Vietnam-based Suntory PepsiCo Vietnam Beverage Co. Ltd., earned in-country revenues of JPY116 billion ($749.2 million) in the first nine months of this year.
Companies - Wed, November 13, 2024 | 2:18 pm GMT+7
EV maker VinFast secures extra $3.4 bln funding from founder, Vingroup
VinFast, the electric vehicle (EV) arm of Vietnam's private conglomerate Vingroup, is set to receive financial aids of VND85 trillion ($3.36 billion) from its parent firm and Vingroup chairman-founder Pham Nhat Vuong.
Companies - Wed, November 13, 2024 | 10:54 am GMT+7
Vietnam gov’t proposes nuclear power project revival as energy demand surges
The Vietnamese government has proposed resuming the nuclear power project and accelerating offshore wind power development as energy demand is forecast to grow by two-digit rates to accommodate economic growth.
Energy - Wed, November 13, 2024 | 10:41 am GMT+7
Bamboo Capital at 13: deep roots, towering shoots
Vietnamese firm Bamboo Capital began its journey in 2011 as a small but promising startup. Thirteen years later, it has grown into a powerful multi-sector conglomerate.
Bamboo Capital - Wed, November 13, 2024 | 8:58 am GMT+7
Vietnam media giant YeaH1 profits handsomely from TV shows, divestments
YeaH1 Group, a leading media and entertainment company in Vietnam, reported an impressive profit in the first nine months of the year as also surging stock prices.
Companies - Wed, November 13, 2024 | 8:39 am GMT+7
Korea’s digital twin firm The PICT expands Asian presence with Vietnam branch
The PICT, a South Korean AI-driven digital twin and immersive content company, has established GEO Impact, its new branch in Ho Chi Minh City, Vietnam’s southern economic hub.
Companies - Wed, November 13, 2024 | 8:14 am GMT+7
Vietnam GDP can grow 6.7% or more in 2025: HDBank exec
Vietnam’s GDP growth in 2025 could reach 6.7% or more, says Tran Hoai Nam, deputy general director of Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank).
Economy - Wed, November 13, 2024 | 7:26 am GMT+7
Indonesia calls on US investors to support sustainable growth
Indonesian President Prabowo Subianto has urged U.S. business leaders to prioritize environmental, social, and governance (ESG) principles when investing in his country.
Southeast Asia - Wed, November 13, 2024 | 12:46 am GMT+7
Grab raises annual revenue forecast
Singapore's Grab Holdings has raised its forecast for fiscal 2024 revenue, as the firm anticipates robust growth in its food delivery and ride-hailing business services during the busy holiday season.
Southeast Asia - Wed, November 13, 2024 | 12:44 am GMT+7
Thai baht lags behind peers on concerns over central bank's autonomy
Thailand’s currency has fallen the most among Asian peers on investor concerns that the independence of the country’s central bank is being further eroded.
Southeast Asia - Wed, November 13, 2024 | 12:42 am GMT+7