Japanese investors explore Ha Nam’s investment environment Ha Nam province will create favourable conditions to attract more Japanese businesses to invest in local projects, said Vice Chairman of the provincial People’s Committee Truong Quoc Huy. During his working session with a business delegation from Japan’s Nagahama city on November 5, Huy affirmed that Ha Nam always considers Japan an important partner in cooperation and investment attraction. Enterprises investing in Ha Nam will be supported in terms of electricity, water, worker recruitment and security, he said. The province has earmarked Dong Van III Industrial Park, which has a favourable location and well-built infrastructure, for Japanese investors, the official said. Huy told his guests that Ha Nam highly evaluated Japanese companies’ investment capacity and cooperation, adding that Japanese firms have always observed their investment commitments to the province, had good working environments and … [Read more...] about BUSINESS NEWS IN BRIEF 7/11
Cost effective ways to move across country
Vietnam becomes increasingly more attractive to foreign investors
Sushant Palakurthi Rao - head of Global Partnerships at Agility that has offices in over 100 countries, including ASEAN - attended the recent 27th World Economic Forum on ASEAN (WEF ASEAN) in Hanoi. He granted an interview to the press on FDI-related issues. Following is the full text of the interview. Vietnam has become an increasingly attractive destination for foreign investors. Photo: vtv.vn Reporter: Over the last 30 years, Vietnam has actively improved its business environment in order to attract more foreign investment. How do you assess the results achieved from this? Sushant: We heard at the WEF ASEAN conference from Vietnamese Prime Minister Nguyen Xuan Phuc and other leaders as how FDI is growing in the country. From the mere USD 10 billion in 1988 when Vietnam first started absorbing FDI, the country’s total export revenue is now expected to hit USD 225 billion in 2018. FDI firms have made up 20 percent of the total State budget collection, … [Read more...] about Vietnam becomes increasingly more attractive to foreign investors
Vietnam becomes increasingly attractive to foreign investors
Sushant Palakurthi Rao – head of Global Partnerships at Agility (Photo: VNA) Hanoi (VNA) – Vietnam has become an increasingly attractive destination for foreign investors. The international manufacturing sector is moving to Vietnam and more FDI is flowing into the country, showing growing confidence among investors in the market, according to a representative from Agility – a leading global logistics group. Sushant Palakurthi Rao – head of Global Partnerships at Agility that has offices in over 100 countries, including ASEAN – attended the recent 27th World Economic Forum on ASEAN (WEF ASEAN) in Hanoi. He granted an interview to the Vietnam News Agency on FDI-related issues. Following is the full text of the interview. Reporter: Over the last 30 years, Vietnam has actively improved its business environment in order to attract more foreign investment. How do you assess the results achieved from this? Sushant: We heard at the WEF on ASEAN conference from … [Read more...] about Vietnam becomes increasingly attractive to foreign investors
ABB powers Industry 4.0 for sustainable growth
ABB Vietnam’s director Brian Hull spoke to VIR’s Phuong Thu about his company’s 25-year success story in the country as well as the path Vietnam should take to ensure sustainable growth. ABB has been a part of Vietnam’s economic development since 1993. Would you like to tell us about your performance in Vietnam? ABB entered Vietnam early and this year is an important milestone for us, as it marks our 25th anniversary. Over the last 25 years, ABB Vietnam has grown to become a reliable partner in the field of technology, providing solutions and services to the market. In addition, ABB factories in Vietnam manufacture transformers, high-voltage components, and medium-voltage power products for customers across Southeast Asia and the world. We currently employ some 900 people across Hanoi, Danang, and Ho Chi Minh City. Despite the financial crisis in 1997, which impacted the global economy with long-lasting consequences, ABB in Vietnam stayed strong, believing in … [Read more...] about ABB powers Industry 4.0 for sustainable growth
Social News 4/4 (Hourly Updated)
New hospital building delayed due to slow compensation for residents A design of the new facility for HCM City Hospital for Traumatology and Orthopaedics. Source http://www.medinet.hochiminhcity.gov.vn Slow compensation for residents affected by the construction project has delayed construction on a new facility for HCM City Hospital for Traumatology and Orthopaedics for six years. The project to build the new facility was approved by the Prime Minister in 2010. In 2011, investors designed to build a 5,000-square metre facility, which was later expanded to more than 7,000 square metres. HCM City People’s Committee has instructed the authorities of Bình Chánh District, where the new facility will be located, and investors to speed up the construction many times, but the project still has not yet been started. In 2016, for instance, the committee required that the project begin in December of that year and would be expected to be completed this year. According to the … [Read more...] about Social News 4/4 (Hourly Updated)