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Vietnam rolls out economic opportunities to African investors

A Vietnamese booth at the 2014 Diplomatic Fair in Pretoria, South Africa on October 25 attracted nearly 1,000 visitors who wanted to find out about the country and economic opportunities it presents.
A Vietnamese booth at the 2014 Diplomatic Fair in Pretoria, SouthAfrica on October 25 attracted nearly 1,000 visitors who wanted to findout about the country and economic opportunities it presents.

Besides documents on Vietnam’s economic and investment potentials, theembassy also introduced rice, tra fish, tea and coffee which are thecountry’s major hard currency earners.

Among the visitors wereformer South African Deputy Minister of International Relations andCooperation Ebrahim Ebrahim, ambassadors of ASEAN countries andrepresentatives from South African government agencies.

Several local companies contacted the Vietnamese embassy for more information and help in seeking suitable partners.

With the theme “Celebrating 20 years of freedom and democracy inSouth Africa”, this year’s event was to showcase and promote culturaldiplomacy through arts, music and food.

Through the event, theSouth African Department of International Relations and Cooperationaims, among other things, to provide the public with information aboutcountries accredited to South Africa and afford the government,business, diplomatic corps and other sectors of society the opportunityto learn and network.

African countries, on the occasion, alsointroduced the spirit of pan-Africanism, a key goal that theOrganisation of African Unity and the Africa Union are pursuing towards aunited, peaceful and prosperous Africa./.

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A motorbike production line of Honda Vietnam — a Japanese company located in Phu Tho province. (Photo: VNA)

✅ Phu Tho emerges as FDI magnet following mergence

In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Infraction levels will correspond to fines of 1-80 million VND, depending on the nature and number of invoicing violations. (Photo: vietnamfinance.vn)

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Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
At the strategic partnership signing ceremony between Sun PhuQuoc Airways and Amadeus. (Photo: Sun Group)

♔ Sun PhuQuoc Airways enters strategic partnership with Amadeus to build a five-star aviation technology ecosystem

A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
A local resident makes a bank transfer using the Momo app. (Photo: VNA)

✱ Banks accelerate digitalisation, non-cash payments

Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
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