Daily Archives: November 16, 2019

Phu Yen calls for WB’s support in infrastructure, economic development

Phu Yen The south central coastal province of Phu Yen has called for the World Bank (WB)’s provision of official development assistance (ODA) and soft loans for infrastructure and economic development in the locality.

Speaking at a conference on Phu Yen-WB development cooperation in Tuy Hoa city on November 16, Pham Dai Duong, Chairman of the provincial People’s Committee said that Phu Yen is in need of WB’s credit assistance to build transport system and natural prevention works such as sea dykes and reservoirs.

The locality also hopes for technical support in planning and conducting feasibility study on the building of smart city in Tuy Hoa, along with consultations in calling for resources from the outside and promoting public-private partnership, he said.

Phu Yen pledges to become a trustworthy local partner of the WB, vowed the provincial leader.

WB Country Director in Vietnam Ousmane Dione said that the bank is willing to cooperate with the south central province and become the locality’s partner in areas proposed by the locality.

Following the conference, the WB will take specific actions to implement relevant projects, he said.

Over the years, Phu Yen has called for resources for the improvement of infrastructure system and socio-economic development.

In the 2011-2015 period, Phu Yen received 14 projects worth 1.38 trillion VND funded by ODA and soft loans, up 21.1 percent over that in the 2006-2010 period.

The resources mostly came from the WB, the Asian Development Bank (ADB), the Japan International Cooperation Agency (JICA), the German Development Bank (KfW), and the French Development Agency (AFD).

The province has attracted two WB-funded projects on overcoming natural disasters’ consequences and strengthening land and land data management for 2016-2020./.

Source: Vietnam News Agency

HCM City, China’s Yunnan province bolster tourism cooperation

HCM City Ho Chi Minh City always attaches importance to promoting ties with Chinese localities, said Vice Chairman of the municipal City People’s Committee Vo Van Hoan on November 15.

The official made the remark while hosting a reception for Vice Governor of China’s Yunnan province Li Malin, who is on a working visit to the city.

HCM City has to date established partnership with eight Chinese localities and will continue to foster cooperation with localities in China, benefitting people of both countries, he noted.

Hoan affirmed the consistent policy of the Communist Party and the Government of Vietnam, which highly values multifaceted cooperation with their Chinese counterparts, especially through visits of the countries’ leaders over the time.

Noting the development potential of Yunnan province, Hoan voiced his hope that the visit of the province’s delegation will strengthen the HCM City-Yunnan ties in various fields.

Local authorities welcome further cooperation between the two localities, especially in tourism development, on which the two sides had previously signed an MoU on cooperation.

For her part, Li Malin briefed her host on Yunnan province’s potential for economic development, hoping to bolster cooperation with the southern economic hub of Vietnam in health care and tourism, among other.

She pledged that the Chinese province will create favourable conditions for cooperation and experience exchange between the two localities.

The direct air route linking Yunnan and HCM City is an advantage for the bilateral collaboration in tourism, raising the number of tourists to the two destinations, she added./.

Source: Vietnam News Agency

Jewellery maker PNJ signs deal with Walt Disney to use its images

HCM City (VNS/VNA) – Phu Nhuan Jewelry JSC has announced a tie-up with Walt Disney, one of the world’s largest media and entertainment companies, which gives it the right to use that company’s images.

Pham Thi My Hanh, a member of the board of directors at PNJ, said it took more than two years to meet all of Walt Disney’s conditions and finalise the contract.

Hanh said: While there are many counterfeits in the market, PNJ’s investment in image copyright represents a strong voice in respecting and complying with international intellectual property…Collaboration with Disney enhances PNJ’s brand name domestically and internationally.

Akshat Srivastava, regional lead, the Walt Disney Company Southeast Asia, said: We work with best-in-class local brands, like PNJ, to bring Disney stories and characters to life through locally relevant and appealing products for our fans.

Today we are happy to announce the two-year collaboration with PNJ, to create a series of beautiful jewellery collections inspired by beloved stories and characters from Mickey & Friends, Disney Princess and Frozen.

At the event, PNJ announced the launch of 160 samples of Find your magic collection, a Disney-PNJ brand.

With PNJ’s expertise and vast local knowledge of consumers’ tastes and preferences, we have no doubt that Disney fans will enjoy these products, said Srivastava.

It said cooperation with global giants such as Swarovski and Walt Disney [would enable it to] expand its influence in the international market.

PNJ has the biggest factory in Southeast Asia, excellent creative and design teams and 360 stores across Vietnam./.

Source: Vietnam News Agency