Tân Bình Industrial Park in HCM City’s Tân Bình District. — VNS File Photo Viet Nam News HCM CITY — More than US$1.02 billion of foreign direct investment (FDI) was registered for projects in HCM City in the first two months of the year, according to the Ministry of Planning and Investment. In January, HCM City received registration for FDI of more than US$745 million, the largest amount of FDI for any locality in the country. It included $32.72 million investment in 68 new FDI projects, and additional investment of $4.7 million for 11 operational projects. The city also approved 191 cases of foreign capital contributions to purchase shares of local businesses (from local shareholders) with total value of more than $452 million. Lê Thanh Liêm, deputy chairman of HCM City People’s Committee, said that in 2018 the city received more than $7 billion in FDI, including $6 billion registered in the form of capital contributions and … [Read more...] about HCM City attracts over US$1 billion FDI investments in first two months
Park city attractions
Vietnam’s industrial parks considered attractive amidst China-US trade dispute
The Hanoitimes - No industrial zones are deep inland and the key ones are tied with seaports, underpinned by increasing investment in infrastructure. Hanoi prepares for new investment inflows to industrial parks HCM City’s industrial parks lure more and more investment Foreign investors commit US$8.3 billion into Vietnam's IPs, EZs in 2018 Vietnam PM urges Singapore’s Sembcorp to build more industrial parks Vietnam’s industrial parks are considered an appealing investment destination for various reasons including geographical advantages, close proximity to China, and enabling road transport, according to Viet Dragon Securities Company (VDSC). Illustrative photo. In addition, no industrial zones are deep inland and the key ones are tied with seaports, underpinned by increasing investment in infrastructure. The ease of doing business considerably improved as Vietnam leaped 24 grades to rank 69th in three years according to the World … [Read more...] about Vietnam’s industrial parks considered attractive amidst China-US trade dispute
Sun Star lists seven must-visit locations in Ho Chi Minh City
The Hanoitimes - Some tourists think it would be interesting to go back to Ho Chi Minh City and explore other parts of Vietnam. Ben Thanh Market, Ho Chi Minh City Hall, and Saigon Central Post Office are just few of the wonderful destinations in Ho Chi Minh for travelers taking an adventure trip, Claire Algarme wrote in an article published on Sun Star, a Philippine English-language newspaper. Sun Star lists seven must-visit locations in Ho Chi Minh City. The writer has named Ben Thanh Market the number one destination among the best seven locations across Ho Chi Minh City. “Ben Thanh Market with over a century-old structure is one of the famous destinations in Ho Chi Minh City,” Sun Star wrote. Ben Thanh market is followed by Ho Chi Minh City Hall, Saigon Notre Dame Basilica, Saigon Central Post Office, Independence Palace, War Remnants Museum, and Tao Dan Park. Earlier, Ho Chi Minh City has been ranked 5th among the 10 hot travel destinations that are … [Read more...] about Sun Star lists seven must-visit locations in Ho Chi Minh City
Da Nang focuses on developing high-tech park
Illustrative image (Source: VNA) Da Nang (VNA) – The central city of Da Nang is collecting opinions from domestic and foreign managers and experts to develop a high-tech park which operates based on information-technology (IT) and well trained personnel. The city expects to soon complete a framework of mechanisms and development plans to submit to Prime Minister Nguyen Xuan Phuc for approval to spur the development of the park. Since the end of the 20th century, Da Nang has invested in building Hoa Khanh industrial zone to attract investments and boost local economic development. To create more breakthroughs in socio-economic development, the city decided to build the Da Nang high-tech park and received approval in 2010 from then Prime Minister Nguyen Tan Dung. This is the third high-tech park nationwide, along with others in Ho Chi Minh City and Hanoi. Covering 1,128 hectares, the park is located northwest of Da Nang city in Hoa Vang district. It sits along the Da … [Read more...] about Da Nang focuses on developing high-tech park
City seeks development directions for Da Nang Hi-tech Park
Deputy Prime Minister Vu Duc Dam speaks at the workshop in Da Nang on July 23 (Photo: VNA) Da Nang (VNA) – Experiences in building high-tech parks in Vietnam and other countries were shared at a workshop on July 23 with a view to seeking development orientation for the Da Nang Hi-tech Park in the central city of Da Nang. At the event, participants presented their experiences and ideas in building up the capacity for innovation and startup promotion in high-tech parks, the role of research and development in economic growth, and the role of innovation in reforming economic growth models. They also suggested plans to improve innovation and startups more specifically at the Da Nang Hi-tech Park. Deputy Prime Minister Vu Duc Dam said that in an era with rapidly developing science and technology, more reforms must be made to benefit from this global trend. Challenges and opportunities always come hand-in-hand, he added. It is necessary to capitalise on opportunities by developing … [Read more...] about City seeks development directions for Da Nang Hi-tech Park