Foreign investment in vietnam

Dak Nong promoted two renewable energy projects for Australian investors Along with these two projects, Dak Nong People’s Committee proposed the Ministry of Foreign Affairs and the Consulate General of Vietnam in Sydney to promote projects for which the province is calling for investment, including high-tech agriculture, tourism, environment-related services, and supporting industries. Dak Nong has five out of 157 projects on the government's list of projects calling for foreign investment in 2021-2025. These projects include the $715 million Chon Thanh (Binh Phuoc)-Dak Nong railway project, a $43 million logistics centre, Tuy Duc wind farm, Drong No solar power project, and a $20 million project producing electric cables and equipment for renewable energy. Many investors have proposed adding 13 renewable energy projects to the national power planning with a total capacity of 2,167MWp. One of these has came into operation, four projects were added into the National Power … [Read more...] about Dak Nong calls for investors in two renewable energy projects at Australian webinar

Tra Vinh province stepping up robust support for production rebound efforts According to statistics by Tra Vinh authorities, as of September 30, about 20,000 labourers were suspended from work, triple the figure from last year. Meanwhile, many businesses took a nosedive in their revenues on the back of skyrocketing pandemic-related costs, such as maintaining stay-at-work schemes, vaccinations, and extensive testing. The pandemic has caused production and supply chain disruptions, leaving critical impacts on businesses’ operations as well as labourers’ motivation. Tra Vinh People’s Committee has thus enacted a comprehensive programme on resuming stable production and business activities and quickly reviving the economy to ensure social wellbeing and efficient support to both employers and employees. The province aims to win back the attention of at least 90 per cent of investors to resume production and business activities by the year-end, as well as reach 80-90 per cent of … [Read more...] about Tra Vinh province stepping up robust support for production rebound efforts

Isao Kotegawa, branch director & staffs of Tokio Marine Insurance Vietnam's Ho Chi Minh City office, handing out tablets to disadvantaged students The ceremony featured members of the Board of Directors and the employees of Tokio Marine Insurance Vietnam’s Ho Chi Minh City office, representatives from the City Women's Union and the Department of Education and Training, several local organisations, as well as more than 100 orphaned students who are in tough circumstances due to the pandemic. The tablets are new and good quality products from Samsung and are expected to help students to pursue distant learning effectively. “Education has been one of the areas most strongly affected by the pandemic. Millions of students nationwide could not go to school and had to participate in remote learning programmes. The lack of distant learning devices has been a challenge for many students,” said Isao Kotegawa, branch director of Tokio Marine Insurance Vietnam’s Ho Chi Minh City … [Read more...] about Tokio Marine Insurance donates tablets to disadvantaged pupils in Ho Chi Minh City

The South Korean investor considers Vietnam an important global production hub and a strategic destination in its research and development activities. Samsung Vietnam is urged to continue expanding investment and speeding up the construction of a research and development (R&D) center, which is located in western Hanoi. Deputy Prime Minister Le Minh Khai (R) and Choi Joo Ho, General Director of Samsung Vietnam (L). Photo: TTXVN Deputy Prime Minister Le Minh Khai gave his statement at the meeting with Choi Joo Ho, General Director of Samsung Vietnam on December 6. Khai highly appreciated Samsung’s investment in manufacturing projects in Vietnam, especially the R&D center. He underlined the Vietnamese Government supports the group’s long-term business and investment strategy. Committed to making Vietnam one of its global production bases, the South Korean group is building in Hanoi a new R&D center, the largest in Southeast Asia. With a total … [Read more...] about Samsung urged to speed up construction on R&D center

Policy and environmental conditions affect economic growth both in the long run and in the short run. In 2021, Ho Chi Minh City has many growth opportunities because the world economy is on a good recovery, so export orders of enterprises increase. At the same time, the trade conflicts of some big countries such as the US with China and the political crisis in Myanmar have pushed orders to shift to Vietnam quite a bit. Foreign investors also choose Ho Chi Minh City as an attractive destination to pour money into an investment. However, businesses could not produce, capital flow did not come as expected because of the impact of the prolonged epidemic. Therefore, the city authorities’ policies have switched from fighting the coronavirus pandemic to safe adaptation to the epidemic removing barriers for facilitation of the resource flow, then Ho Chi Minh City's economy will gradually recover quickly. For the economy to develop, state management must not obstruct the circulation of … [Read more...] about HCMC seeking new impetus for economic growth