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Regarding the tasks and solutions for the development of the industry this year, Mr. Bui Ta Hoang Vu, Director of the Department of Industry and Trade of HCMC, said that 2021 was the first year to implement the socio-economic development plan in the period of 2021-2025, with the theme of the year 2021 as "Year of building an urban administration and improving the investment environment", so the industry and trade would stick to these contents to implement effectively. Accordingly, the Department of Industry and Trade will develop and conduct the administrative reform in 2021, review the criteria with restrictions related to industry and trade in the Provincial Competitiveness Index (PCI) to get drastic improving solutions. It will make a plan to contact and work with associations and enterprises to grasp the development situation, difficulties, and problems in the production and business activities and the development of the industry to propose the city solutions to remove … [Read more...] about HCMC’s industry, trade focuses on supporting business recovery, market expansion

Hanoi (VNA) – Foreign media have run several articles highlighting Vietnam’s economic success given a struggling world plagued by the COVID-19 pandemic. The Nikkei Asia Review said Vietnam’s production sector has proven its fast and steady recovery. The country’s open market and signing of numerous free trade agreements (FTAs), particularly the EU-Vietnam FTA, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and the Regional Comprehensive Economic Partnership (RCEP), are promising great opportunities for growth. The paper said Vietnam stands out for its success in controlling the pandemic. According to the latest Asian Development Outlook released by the Asia Development Bank, Vietnam was estimated to grow over 2 percent last year while Thailand contracted by 7.8 percent. Thanks to its larger market scale and cheaper labour cost, Vietnam surpassed Thailand in terms of foreign direct investment and export value. The Financial … [Read more...] about Vietnam stands firm amid pandemic: international media

Bac Giang (VNA) – Foxconn Singapore PTE Ltd will build a 270-million USD plant to produce laptops and tablets at Quang Chau industrial park in the northern province of Bac Giang. The company was among four projects of Singaporean and Hong Kong investors with total capital of nearly 570 million USD awarded investment certificates at a ceremony on January 18. Besides Foxconn, Risesun Investment Pte.Ltd (Singapore) will pour 75 million USD in a plant to produce plastic and composite products and 6 million USD into another factory to manufacture PVC decorative films at Hoa Phu industrial park. Ja Solar Investment (Hong Kong) Limited invests 210 million USD in a photovoltaic manufacturing plant at Quang Chau industrial park.  Addressing the ceremony, Chairman of the provincial People’s Committee Le Anh Duong pledged to provide investors with the best technical infrastructure and services while facilitating administrative procedures for those landing investment in the … [Read more...] about Foxconn invests in 270-million USD laptop plant in Bac Giang

HCM City (VNS/VNA) - A number of universities in the country will launch new majors for the 2021-2022 academic year to meet labour market demand. The amended Education Law gives universities the right to make independent decisions on opening new academic majors. Pham Thai Son, director of the Communications and Enrollment Centre at the HCM City University of Food Industry, said “The university will have six new majors this year, including food business management, fashion and textile business, marketing, thermal engineering and technology, energy management, and analytical chemistry engineering.” “Students in the food business management major will study business administration and food technology,” Son said. Open University in HCM City plans to have seven new majors, including public management, food technologies, Korean studies, economics, computer science, Chinese studies, and Japanese studies, increasing its total number of majors to 38, including … [Read more...] about Universities offer new majors for 2021-22 academic year

According to Decree 65 which prescribes some articles of the Law on Railway and came into force from July 1, 2018, the lifespan of locomotives and carriages should not exceed 40 years for passenger trains and 45 years for freight trains. The decree also stipulated that railway firms have three years until 2021 to replace expired vehicles. … [Read more...] about Replacing expired locomotives, carriages to place enormous financial burden on railway sector