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Thailand pumps $7bn into manufacturing, processing projects in Vietnam: data

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Thailand is now Vietnam’s 11th biggest foreign investor, with most of its investment channeled into the manufacturing and processing industry, the Vietnamese Foreign Investment Agency (FIA) said.
As of the end of last month, Thai investors had run 428 projects across Vietnam, with a total registered investment of around US$7.88 billion, the FIA said on its website last week.

There are 200 Thai-invested manufacturing and processing projects in Vietnam. These are worth nearly $7 billion, with the next largest field of Thai investment being agro-forestry and seafood, with 31 projects worth $235.4 million, followed by retail and construction, according to the FIA.

According to the statistics, a Thai-invested project has an average investment of $18.4 million, compared to the average rate of $14 million for all other foreign investments in Vietnam.

According to the FIA, the southern province of Ba Ria-Vung Tau has attracted the biggest investment from Thailand, standing at $3.77 billion.

The northern province of Vinh Phuc was next with $744.4 million, followed by the southern province of Binh Duong, at $513.4 million.

Ho Chi Minh City is home to the highest density of Thai projects among Vietnamese localities, with 162 projects, or 38 percent of the total number.

Thai investors are also shoring up their presence in Vietnam’s retail industry, with a number of acquisitions recently, most noticeably the €655 million ($712.14 million) deal to acquire Metro Cash & Carry Vietnam’s operations from Germany’s giant retailer Metro Group earlier this year.

Industry insiders have warned that Vietnam is on the brink of losing its entire retail market to their Southeast Asian neighbor, with made-in-Thailand goods, from confectionery to luxury items, making their largest-ever ‘invasion’ of the Vietnamese market.

Thailand’s Central Group is among others that have shown interest in the French Casino Group’s Big C Vietnam supermarket chain, worth at least $750 million.

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Breakfast @ Tien Phong News – November 27

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Check out the news you should not miss today:

Politics

— Vietnamese National Assembly (NA) Chairman Vuong Dinh Hue will pay official visits to Australia and New Zealand from November 30 to December 6, the Vietnam News Agency quoted the NA Foreign Relations Committee as saying on Saturday.

Society

— Ho Chi Minh City will build three wastewater collection and treatment stations with a total capacity of 365,000 cubic meters a day.

— The Binh Thuan Province Border Guard Command on Saturday said they were investigating a case in which a fishing boat with eight fishermen on board was rammed by a transport ship while they were fishing in the waters of the south-central city of Phan Thiet the night before.

Business

— Vietnam’s seafood exports have fully recovered after the COVID-19 pandemic, with export turnover reaching US$10 billion by the end of November and being forecast to top $11 billion by the end of this year, general secretary of the Vietnam Association of Seafood Exporters and Producers Truong Dinh Hoe reported at a seminar in Can Tho City on Saturday.

— More than 90 percent of local businesses temporarily stopped operating, over 14,000 employees of tourism had to temporarily stop working, were shifted to part-time work or even laid off in 2021-22 in the central province of Quang Nam, the province’s tourism department reported at a seminar on COVID-19 response and recovery held by UNESCO and Quang Nam Tourism Association on Saturday.

Lifestyle

— Famous Singaporean designer Frederick Lee has introduced his latest collection titled ‘Take Me Back To Lost Memories And Untold Tale’ at the Vietnam International Fashion Week from November 24 to 27 in Hanoi.

— Two heritage pieces of Vietnam on Friday were recognized as part of documentary heritage in Asia and the Pacific at the 9th general meeting of the Memory of the World Committee for Asia and the Pacific in South Korea, the Vietnamese Agency reported on the same day.

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Source: https://tuoitrenews.vn/news/society/20221127/breakfast-tuoi-tre-news-november-27/70210.html

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14 children hospitalized after drinking milk at school in Vietnam’s Mekong Delta

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Some 14 elementary students in My Tho City of Tien Giang Province, Vietnam’s Mekong Delta region, were hospitalized for food poisoning treatment after drinking a milk product at their school on Friday.

They were admitted to Tien Giang General Hospital, which confirmed the admission on the night of the same day.

The children suffered from nausea and stomachache.

Their health basically resumed stable condition after treatment and all were released at 7:00 pm on Friday.

They are students of Nguyen Trai Elementary School in My Tho, the capital city of Tien Giang.

Phan Minh Tan, principal of the school, said the children drank a milk product provided by a company in Ho Chi Minh City at around 2:00 pm on Friday and 14 of them started feeling sick shortly after.

Health authorities in Tien Giang have tested the samples of the dairy product to investigate the cause of the case.

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Source: https://tuoitrenews.vn/news/society/20221126/14-children-hospitalized-after-drinking-milk-at-school-in-vietnams-mekong-delta/70205.html

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Ho Chi Minh City woman sentenced to death for murder, abuse of fiancé’s daughter

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The Ho Chi Minh City People’s Court on Friday sentenced a woman to death for beating her fiancé’s eight-year-old daughter to death last year.

The death penalty was handed down to Nguyen Vo Quynh Trang, 27, for ‘murder,’ along with a three-year imprisonment for ‘torturing others.’

The judge panel also gave Nguyen Kim Trung Thai, the murdered child’s 37-year-old father, three years in prison for ‘torturing others’ and an additional five years for ‘concealing crimes.’

The criminal behavior of the defendants is particularly dangerous for society as they committed crimes against a child, according to the city People’s Procuracy.

It is thus necessary to remove them from social life permanently.

Trang and Thai had lived together for over a year, from the time Thai divorced his ex-wife and was given custody of the daughter in 2020. 

Trang had frequently beaten the eight-year-old girl and forced her to do chores, investigation found

When rods broke due to repeated beatings, she switched to wooden implements.

On December 22 last year, Trang beat the girl so badly that she fainted. 

The girl was taken to hospital, but was declared dead on arrival. 

Her wounds and bruises prompted doctors to contact police.

Thai then deleted all the camera data of his apartment to conceal the crime.

The case triggered indignation among people nationwide.

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Source: https://tuoitrenews.vn/news/society/20221126/ho-chi-minh-city-woman-sentenced-to-death-for-murder-abuse-of-fiances-daughter/70204.html

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