HCM City (VNA) - Garment, food processing, pharmaceuticals, information technology (IT), construction materials, and renewable energy are fields of potential where businesses from Vietnam and India can bolster investment in the time to come. This view was shared at the India-Vietnam Investment Forum, held jointly by the Indian Consulate General in Ho Chi Minh City, the Private Economic Development Research Board, the Investment & Trade Promotion Centre of HCM City, and VinaCapital Group on January 22 in HCM City. Don Lam, deputy head of the Private Economic Development Research Board and CEO of VinaCapital, said Vietnam’s private sector continues to expand despite the COVID-19 pandemic. Nearly 135,000 new enterprises with combined capital of 2.2 quadrillion VND (95 billion USD) were set up last year, a 29 percent increase in registered capital compared to 2019. Vietnamese businesses, both large and small, are ready for economic recovery and development, he said, adding … [Read more...] about India-Vietnam Investment Forum held in HCM City
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5 km, $200 mln could be cut for high-speed HCMC-Mekong Delta rail
In a recently-approved master plan for logistics development until 2025 and with a vision to 2030, HCMC has determined that in the next 10 years, it would be necessary to develop a modern railway network to transport goods and connect major seaports of the city to other parts of the southern region. … [Read more...] about 5 km, $200 mln could be cut for high-speed HCMC-Mekong Delta rail
Car rental services in Hanoi faces low demand
According to the providers, rental charges this year have dropped to VND500,000 (USD21.5) from VND2m a day while in previous years, the prices usually went up. They still have customers who have already booked for the 23rd to 30th lunar December but the number has dropped significantly. In previous years, customers had to book cars before the New Year. Pham Viet Manh, a provider in Bac Tu Liem District, said, "Families who want to return to their hometowns for Tet often rent cars. This year’s holiday is long so we offered seven to 10-day packages that cost VND12m (USD518) to VND22.5m. But there are only a few customers. I hope travelling will return to normal soon or else transportation businesses may go bankrupt." In addition, many companies have coaches to bring their employees to their hometowns. Additional passenger buses and trains were also added to meet demands so there are not many customers left. Overseas Vietnamese are also a part of their customer base and they … [Read more...] about Car rental services in Hanoi faces low demand
HCMS’s ornamental fish export revenue surpasses US$17.26 million
Generally, in 2020, the agriculture sector’s gross regional domestic product was estimated to reach VND10,167 billion increasing by 2.06 percent compared to the same period in 2019. The sector’s gross regional domestic product growth reached 4.59 percent annually on average in the period of 2016 – 2020. … [Read more...] about HCMS’s ornamental fish export revenue surpasses US$17.26 million
Son La ships 30 tons of fresh mangoes to US
The fruits are selected in orchards in Mai Son district. According to the exporter, the Kim Nhung Produce Trading Limited Company, mangoes grown at Mai Son are of high quality, boast a nice appearance, and are of a standard weight and size suitable for the US market. … [Read more...] about Son La ships 30 tons of fresh mangoes to US
