Investment planning

At the  HCMC Party Committee's 13 th  meeting (photo:SGGP) Tomorrow, the one-day conference will concentrate on the discussion and assessment of reports relating to implementation results of the socio-economic plan and the Party building work in the first six months of 2022, solutions that will be carried out in the second half of the year. According to the Ho Chi Minh City People's Committee, in the first six months of the year, Ho Chi Minh City's socio-economy continued to recover strongly with V-shaped growth and it has been maintained stably. HCMC continues to well control the Covid-19 pandemic situation, consolidate the conducted health strategy, and associate the health strategy with other strategic activities and plans. Many cultural, literary and artistic activities brought pervasiveness, especially programs to celebrate public holidays. As for the diplomatic task, political security and social order and safety have continued to be maintained. In the first six months … [Read more...] about 15th plenary conference of HCMC Party Committee to open on July 5

Compal’s executives paid a visit to Nghe An to explore the feasibility of investment in the locality. WHA Industrial Zone 1 - Nghe An, owned by Thailand’s WHA Group, has the potential for developing tech manufacturing activities thanks to its advantages of modern infrastructure, transport connectivity, and environmental care. WHA Industrial Zone 1 is developed with high-quality standard infrastructure and world-class facilities. The 143.5-hectare Phase 1 of WHA Industrial Zone 1 has been completed with a high occupancy rate. Meanwhile, it is on track to complete the second phase with 354.5-hectare in October. Given that Compal is looking for a 50ha manufacturing site, the second phase of WHA Industrial Zone 1 could be ideal for Compal to kickstart its new manufacturing facility in Vietnam. WHA Industrial Zone 1 in Nghe An Ever since its initiation as a PC peripheral supplier in 1984, Compal has grown to its present scale with outstanding management and solid research … [Read more...] about WHA Industrial Zone 1 in Nghe An ready to welcome tech giant Compal

Charles Kaye - CEO, Warburg Pincus Last month, I had the opportunity to sit down with Prime Minister Pham Minh Chinh in New York City after his visit with President Biden in Washington. After the prime minister explained his economic priorities, he asked me a simple question, one that I had not heard so succinctly put by a head of government before. What attributes do you look for in a country considering investing in? I improvised an answer at the time, but the framework of my response captured the critical ingredients we look for – an entrepreneurial spirit, stable macroeconomic conditions, solid infrastructure – both hard and soft, and government policymakers with a practical mindset and commitment to dialogue with business and investors. As Vietnam evolves to meet each of these challenges, it is poised for a significant transformation that will cement its reputation as an economic model for other nations in the region and around the world. First and foremost, we seek … [Read more...] about Appreciating efforts to attract more overseas capital

Roongrote Rangsiyopash, president and CEO of SCG What is the current state of the circular economy in Vietnam, and the role of the private sector in accelerating it? I am so thrilled to see many developments here, and most importantly, it is encouraging to see the Vietnamese government’s commitment to sustainability. We all know that the development of physical infrastructure alone is no longer adequate, unless such development is combined with the advancement of human capital and commitment to sustainability and environmental protection. A path to a low-carbon society, combined with development in the circular economy, leads to sustainable prosperity. Vietnam’s sustainability targets and the passing of the Law on Environmental Protection in 2020 emphasised the importance of international collaboration. Scientific data has suggested a strong correlation between climate change, global warming, and an increase in greenhouse gas emissions. At the same time, we are seeing the … [Read more...] about Attempting to balance green ideas with profit

View of the online conference between the Government and the localities related to the city’s socio-economy. The proposal was released by chairman Mai at an online conference between the Government and the localities related to the city’s socio-economic reports in the first six months and assigned missions in the second half of the year, implementing resolutions of the third plenary session of the 15th-tenure National Assembly on July 4. Chairman of the Ho Chi Minh City People’s Committee Phan Van Mai speaks at the conference. At the city’s working place, chairman Mai informed prompt and comprehensive recovery of the city's socio-economy and it is expected to reach the growth as the pre- Covid-19 pandemic period. Specifically, the city’s economic growth in the second quarter surged by 5.74 percent and up to 3.82 percent in the first half of the year. The budget revenue has reached 61.7 percent which would promote the whole year’s economic growth to 6-6.5 percent. … [Read more...] about HCMC proposes Government promulgate implementation resolution of Ring Road 3

Thanh Cong Textile Garment - Investment – Trading JSC in Tan Phu District is in need of more than 1,000 workers. The employees are to make up for those that have already submitted their resignation and to serve the company’s plan to expand 20 of its branches in various cities and provinces. Yet the company has had trouble recruiting new employees unwilling to work on assembly lines and deal with the pressure of meeting product quality and quantity. Nguyen Huu Tuan, the firm’s human resource manager, said the textile-garment sector is no longer attractive to laborers. He said "a significant number" of staff at the company has either quit or is about to, without revealing the specific figure. In most cases, those employees switch to work in other industries that can guarantee them higher salaries or move back to their hometown now that the living cost in the city has grown increasingly expensive. "With a monthly income of VND8-9 million ($340-385), workers would not be able … [Read more...] about HCMC short of textiles, footwear labor