(VEN) - The central city of Da Nang has granted an investment license to a project providing ready-built factories for rent at the city’s Hi-Tech Park in order to draw additional investors to the compound. An artist’s view of the Da Nang Hi-tech Park The project, which secured a VND1.05 trillion investment from Long Hau JSC, will begin construction in the fourth quarter of this year. It will offer 29.6 hectares of international-standard workspace for domestic and foreign businesses. Japan’s Hatsuta Seisakusho company has become the first to sign a factory lease contract for an area of 6,000 square meters, on which it will build a fire extinguisher equipment project with an investment of VND60 billion. Incentives Da Nang has designated 2018 as Investment Promotion Year during which it is encouraging quality investment and prioritizing investment in non-polluting industries and industries with a high added value. In January, Prime Minister Nguyen … [Read more...] about Da Nang seeks investment in Hi Tech Park
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Sci-tech key to enhancing Vietnam-US partnership
At the 10th Vietnam-US Joint Committee Meeting on Scientific and Technological Cooperation (JCM10)(Photo: VTV) Washington (VNA) – The 10th Vietnam-US Joint Committee Meeting on Scientific and Technological Cooperation (JCM10) took place in Washington DC from October 15-17. The biennial meeting is organised as part of science and technology cooperation between Vietnam and the US. Speaking after the session, Deputy Minister of Science and Technology Bui The Duy said at the meeting, both sides focused on measures to bolster collaboration in healthcare and health science, agriculture and bio-technology and preservation science. New initiatives to develop an innovation and startup eco-system were considered at the event, together with the establishment of a new working group on innovation and entrepreneurship. Noting the achievements of the JCM working groups, US Principal Deputy Assistant Secretary of State in the Bureau of Oceans, Environment and Science (OES) Judith Garber … [Read more...] about Sci-tech key to enhancing Vietnam-US partnership
Solution near for tech giant tax limbo
Solution near for tech giant tax limbo, photo: shutterstock Data released by the Ministry of Information and Communications showed that in 2015 Facebook led the online advertising market in Vietnam with the annual revenue of $235 million, followed by Google with $97.4 million. However, in the 2016-2017 period, Vietnamese authorities only managed to collect VND120 billion ($5.3 million) in the total corporate income tax from the local partners of the two giants, while according to Article 13 of the Law on Corporate Income Tax, Facebook and Google may be classified as high-tech companies and may therefore be eligible for a preferential tax rate of 10 per cent for the first 15 years. No supervision on advertisers Collecting taxes from online platforms such as Facebook, Google, and YouTube is a concern not only for Vietnamese authorities, but a major issue across the globe, with many claiming that the regulatory environment is not strict enough in the management of online … [Read more...] about Solution near for tech giant tax limbo
Phu Tho pushes high-tech application in agricultural production
Harvesting tea leaves in Dich Qua commune, Thanh Son district, Phu Tho (Photo: VNA) Phu Tho (VNA) – The northern midland province of Phu Tho’s efforts to apply advanced technologies in agriculture have paid off, creating production areas with high quality and productivity. Based on its advantages in terms of convenient transport infrastructure and a favorable ecosystem, the province has worked to boost investments in agriculture. Within the past five years, it attracted 42 enterprises investing in animal husbandry, crop cultivation, fisheries, and animal feed processing. The mergence of land plots, which is being performed across 94 communes, has been utilised to lay the basis for the formation of large-scale high-tech farming zones. To date, concentrated plantations of rice, corn, and various fruits have been established in Phu Tho town, as well as the districts of Lam Thao, Tam Nong, Thanh Son, Thanh Ba, Ha Hoa, Thanh Thuy, and Doan Hung. In Tam … [Read more...] about Phu Tho pushes high-tech application in agricultural production
Đà Nẵng eyes hi-tech farms
A farmer harvests melons in Hòa Ninh Commune, Đà Nẵng City. - Photo VGPViet Nam News HÀ NỘI — Đà Nẵng plans to prioritise a hi-tech agricultural zone in Hòa Vang District to attract more investment in modern farming. This was one of the key tasks for the last quarter of this year to develop technical infrastructure to attract investment for sustainable economic development associated with the transformation of the city’s growth model, the municipal authority said at a conference this week. According to Nguyễn Đỗ Tám, deputy director of the municipal Department of Agriculture and Rural Development, developing hi-tech and clean agricultural production was critical to ensuring economic efficiency and sustainable agricultural development, given the city’s limited farm land. The hi-tech agricultural zone will cover 117 hectares in Hòa Ninh Commune, and is awaiting approval. The city said … [Read more...] about Đà Nẵng eyes hi-tech farms