Eco industrial park business plan

Eureka Robotics’ CEO and team The company plans to use the new capital raised to expand its operations beyond Singapore, where it is headquartered, and Paris, where it maintains an R&D office. The new office will be established in Hanoi in July. Eureka Robotics has also deployed factories in Singapore, China, and Japan. Touchstone Partners on May 17 announced that it participated in Eureka Robotics’ recently closed a pre-Series A round, which raised $4.25 million from a handful of investors. In this fundraising round, Touchstone joins the lead investor, the University of Tokyo Edge Capital Partners, and existing investor ATEQ. Eureka Robotics was founded in 2018 by Pham Quang Cuong and Pham Tien Hung, Eureka Robotics’ CEO, who is also an associate professor of Engineering at NTU and led the team that developed a robot that could assemble Ikea furniture, an achievement that was widely covered by global media in 2018. Cuong said, “We are extremely gratified by the level … [Read more...] about Eureka Robotics plans to expand operations to Vietnam in July 2022

Production at Chinese-invested Jasan Textile and Dyeing Vietnam Co., Ltd. at Hai Phong's Vietnam-Singapore Industrial Park (VSIP). (Photo: VNA) Singapore (VNA) - The Vietnamese economy picked up strongly in early 2022, thanks to a strong vaccination drive, robust global demand for its manufacturing products, momentum in domestic demand, and resilient foreign direct investment (FDI) flows. This preliminary assessment was made by the ASEAN+3 Macroeconomic Research Office (AMRO) after its Annual Consultation Visit to Vietnam from May 3 - 18. “The Vietnamese economy is expected to grow at 6.3 percent in 2022 and 6.5 percent in 2023. Inflation is projected to remain contained,” said AMRO Group Head and Lead Economist Kalra. “This positive outlook rides on strong external demand, a recovery in domestic consumption and healthy investments inflows, bolstered by an appropriate macroeconomic policy stance.” The domestic outbreak of the Omicron variant receded sharply in April … [Read more...] about AMRO forecasts Vietnam’s strong recovery amidst external headwinds

Rising labour and production costs have prompted some relocation but HCM City remains an appealing investment destination given its market size and speedy recovery, experts say. HCM City Chairman Phan Văn Mãi (second from left) speaks with representatives of businesses on the sidelines of a conference between city leaders and foreign investors last Friday. Speaking at a meeting between city leaders and foreign investors late last week, Hirai Shinji, chief representative of the Japan External Trade Organisation (JETRO) in HCM City, said while more manufacturers were looking to relocate their production to other provinces because of rising labour costs and land rents in HCM City, the city remained a popular investment destination. A recent JETRO survey attributed it to the city’s great economic growth potential and market size, he said. HCM City has been praised for its achievements in speedy post-pandemic economic recovery, he added. Mary … [Read more...] about HCM City growth remains an X factor: foreign investors

VEPR organises a conference on the Việt Nam Annual Economic Report 2022 in Hà Nội on Friday. — Photo baodautu.vn HÀ NỘI — The third quarter will be the most stressful period for inflation, said Trần Toàn Thắng, head of the National Centre for Socio-Economic Information and Forecast, at a conference on the Việt Nam Annual Economic Report 2022. The conference was organised by the Việt Nam Institute for Economic and Policy Research (VEPR) in Hà Nội on Friday. The report highlighted that the Vietnamese economy is in the process of recovery but will continue to face many difficulties this year. Inflationary pressure and production costs are increasing strongly. In addition, risks from the Russia-Ukraine conflict have a huge indirect impact on the country's economy. The slowdown of the global economy and important partner economies of Việt Nam, especially China, which is continuing its "Zero COVID" policy with strict measures, can stress the Vietnamese economy, disrupting supply … [Read more...] about Q3 set to be tough period for inflation

The Lòng Sông reservoir in Tuy Phong District is one of the major irrigation works in Bình Thuận Province. — VNA/VNS Photo Nguyễn Thanh BÌNH THUẬN — Irrigation works built in recent years has helped Bình Thuận Province sustainably develop agriculture and improve people’s lives. The south-central province is one of the country’s driest and has inclement weather and little rainfall. Most farming areas face a shortage of water in the dry season and farmers used to grow only one rice crop a year. To mitigate the water shortage, the province built many irrigation works in the past years, and this is enabling rice farmers to grow more crops every year and get better yields. The Sông Quao reservoir in Hàm Thuận Bắc District was one of the first irrigation works, with construction beginning in 1988 and taking 10 years due to the difficult conditions and weather. The reservoir irrigates 11,000ha of farmland and supplies another 25,000cu.m to households in Phan Thiết City every day, … [Read more...] about Bình Thuận Province boosts agriculture with irrigation works

A map of the Ring Road No. 3 passing through HCM City and Đồng Nai, Bình Dương and Long An provinces. — Photo plo.vn HCM CITY — A senior National Assembly deputy has asked the four localities hosting the Ring Road No. 3 to speed up site clearance for ensuring its completion by 2025. Vũ Hồng Thanh, chairman of the National Assembly’s Economic Committee, stressed the urgency of the project during a recent working visit to the road’s construction site. “The four localities (HCM City and Đồng Nai, Bình Dương and Long An provinces that the road will run through) are committed to ensure the allocation of investment, including additional adjusted funds for the project,” he noted. The NA working team would report its assessment to the National Assembly for approval in the next session, he noted. Lương Minh Phúc, head of the HCM City Management Board for Traffic Works Construction and Investment, said HCM City and other provinces are preparing necessary documents to submit to the … [Read more...] about Build Ring Road 3 by 2025, parliamentarian urges