The municipal Department of Industry and Trade plans to lure more investments, and outline support measures and programmes to encourage businesses to land investment in modern distribution and sales systems such as shopping malls and supermarkets. It is striving to develop five regional-level wholesale centres, ten regional-level shopping malls, 12 logistics centres, 68 trade centres, 850 supermarkets and 140 markets. Besides, Hanoi, which houses to 6,000 information technology firms and two IT parks, has taken lead in the country in terms of ICT revenue. Furthermore, the capital city has witnessed the sound development of infrastructure at industrial zones, with 17 high-tech industrial parks, 70 industrial clusters with stable operation, and 43 newly-established industrial clusters. Handicraft industry has been encouraged and received support, with 1,350 craft villages which attract tens of thousands of labourers. According to Deputy Director of the municipal Department of … [Read more...] about Hanoi envisages to become international trade hub
The financial services compensation scheme
HCM City accelerating work on bus rapid transit route
HCM City (VNA) - A number of bidding packages under the Green Transport Development Project, to develop a new Bus Rapid Transit (BRT) corridor in HCM City, are scheduled to be kick started in the fourth quarter of 2021, according to the HCM City Management Board for Traffic Works Construction and Investment. Invested by the management board, the BRT project has total investment of over 121.2 million USD, lent from the World Bank’s International Development Association (IDA), and nearly 423 billion VND (over 18.38 million USD) in reciprocal capital. A high-quality bus route, called BRT No 1, will be built along the Vo Van Kiet - Mai Chi Tho Highway, with technical characteristics and quality of service similar to light BRT systems around the world, fully satisfying all of the requirements of smart traffic. It is one of six BRT routes planned by the city’s government. With a total length of 26 km, 28 stops, and two transfer stations, and passing through the districts of … [Read more...] about HCM City accelerating work on bus rapid transit route
Vietnam Golf Association hosts first VGA Awards
In the "Excellent Collective Contribution to Community" category, Hanoi Golf Association received the title of Best Golf Association for connecting the golfing community, while Ho Chi Minh City Golf Association ranked first in charity activities. Yen Dung Resort and Golf Club was voted "Most Challenging Golf Course" and Hoiana Shores Golf Club "Golf Course with Most Beautiful View." … [Read more...] about Vietnam Golf Association hosts first VGA Awards
New supply of condominiums down sharply in Ha Noi: CBRE Vietnam
Viet Nam’s economy was heavily impacted by the COVID-19 pandemic. As a result, some tenants contracted their office space during the year. Even though the market performance improved in Q4, the total net absorption of the Ha Noi office market in 2020 was down around 9,000 sq.m. … [Read more...] about New supply of condominiums down sharply in Ha Noi: CBRE Vietnam
F-Soft Da Nang to boost investment
“Japan is still a key market of our exports with more than 2,000 employees working for F-Soft Japan. We also plan to open representative offices in the United Arab Emirates to expand in the Middle East after successful market access to Europe and Japan,” he said. … [Read more...] about F-Soft Da Nang to boost investment
