The Hanoitimes - Vietnam continues to draw investment interest, and Ho Chi Minh City stands out on investors’ lists, securing top positions for investment and development prospects in Asia Pacific. In Vietnam, rapidly rising numbers of tourists are providing a huge boost to the hospitality sector. The country's property market has seen dynamic investment activities across many sectors in the first quarter of 2018, according to the latest report from Savills Hotels. Ho Chi Minh City. Vietnam's economy posted its strongest first-quarter growth in ten years, expanding 7.38% year-on-year in the first quarter of 2018 and extending the strong momentum shown in the second half of 2017. Market sentiment remains positive across all sectors of the economy. The city’s office market continued to record healthy demand and high occupancy in the first quarter of 2018. There were, however, very few investment transactions in this sector due to the shortage of available … [Read more...] about Ho Chi Minh City to secure top positions for investment prospects in Asia Pacific
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Ho Chi Minh City to host 21st Asian Science Park Association conference
The event, themed “Science Parks in Empowering Growth Quality and Competitiveness of National Economy,” aims to exchange new models and organizations of Asian science parks, said Le Hoai Quoc, head of the Saigon Hi-Tech Park Management Board at a press conference on October 12. At the press conference He also stated that Ho Chi Minh City will take the occasion to introduce its science-technology development and hi-tech industry to improve its economy’s growth quality and competitiveness. The conference will create an opportunity for Vietnamese managers, scientists and intellectuals to exchange and learn experience in hi-tech development from their foreign peers, he added. Some 50 reports on science parks will be presented at the event. On the occasion, enterprises from the southern hub of Vietnam and ASPA members will organize an exhibition showcasing their standout products. Outstanding … [Read more...] about Ho Chi Minh City to host 21st Asian Science Park Association conference
Transport ministry chooses design for future megaairport near Ho Chi Minh City
A lotus-themed design has beaten two other finalists to be selected for the construction of a huge airport in southern Vietnam. A lotus-themed design has beaten two other finalists to be selected for the construction of a huge airport in southern Vietnam. Located just 50 kilometers from Tan Son Nhat International Airport in Ho Chi Minh City, the proposed airport will be built in Long Thanh, a district in Dong Nai Province, in order to ease pressure on the currently overloaded airdrome in the southern hub. An advisory board under the Ministry of Transport chose Design LT-03 as the winning option for Long Thanh International Airport on April 7. The selected design, in the shape of a stylized lotus, had been submitted by South Korea’s Heerim Architects & Planners Co. Ltd. The concept of the lotus flower, widely regarded as the national flower of Vietnam, is also pervasive throughout the airport’s ceilings, terminals, parking lots, and interior. The design places … [Read more...] about Transport ministry chooses design for future megaairport near Ho Chi Minh City
Schneider Electric inaugurates USD-45-million factory in Ho Chi Minh City
The plant is one of the largest factories in Schneider Electric's network of 200 production units globally. Equipped with advanced technology, the plant will produce high-tech electronic products for smart homes, in addition to traditional wiring products that are being manufactured in Vietnam since almost 20 years. Inside the Schneider Electric's manufacturing plant in Ho Chi Minh City's Saigon Hi-tech Park. Photo: Schneider Electric Vietnam The plant uses LEAN manufacturing concepts and the group's latest energy and process management solutions, which will allow it to flex and scale according to its customers' buying behavior. "The world is moving beyond stand-alone devices into an era where everything is connected. In the recent years, with the rapidly-growing IoT, smart home devices are becoming more prevalent. With this new plant, we are seeing a great opportunity to proudly manufacture "Made in Vietnam" products and deliver solutions to customers in global markets. … [Read more...] about Schneider Electric inaugurates USD-45-million factory in Ho Chi Minh City
Can Tho tops Vietnam’s public admin index as Hanoi, Ho Chi Minh City lag
The Mekong Delta city of Can Tho delivered the most satisfactory public service in Vietnam in 2016, the latest Public Administration Performance Index Report shows. The Mekong Delta city of Can Tho delivered the most satisfactory public service in Vietnam in 2016, the latest Public Administration Performance Index Report shows. PAPI, or Vietnam Provincial Governance and Public Administration Performance Index, assesses citizens' experience with national and local administrations governance, public administration and public service delivery. The findings of the 2016 PAPI Report, which were calculated based on survey responses from over 14,000 randomly selected citizens from all 63 provinces and cities across Vietnam, were announced at a conference in Hanoi on Tuesday. PAPI measures an administrations’ performance across six criteria: citizens’ participation at local level, openness and transparency, vertical accountability, public sector corruption, public administrative … [Read more...] about Can Tho tops Vietnam’s public admin index as Hanoi, Ho Chi Minh City lag