Foreigner in hanoi

Hanoi (VNA) – Politburo member and Secretary of Hanoi’s Party Committee Vuong Dinh Hue asked foreign hi-tech groups to consider investing in the city’s existing industrial zones, including the Hoa Lac Hi-Tech Park, while receiving representatives from FDI enterprises operating in the high technology industry on January 19. Hue encouraged the Kinh Bac City Development Holding Corporation (KBC) to invest in industrial zones in Soc Son and Dong Anh districts to attract more foreign businesses. He expressed his hope that major technology groups will set up search and development (R&D) and innovation centres in Hanoi in the way the Republic of Korea’s Samsung Group has done. The official highlighted the fact that the capital city is home to 82 percent of universities, 65 percent of scientists and 80 percent of key scientific and technological research potential of the country. At the working session, leading officials of Heesung Electronics, Goertek … [Read more...] about Hanoi calls on foreign firms to invest in industrial zones

Under the World Bank’s calculations, Vietnam’s main instrument for macro-monitoring has been the speedier implementation of the public investment programme, which has been plagued by slow disbursement in the last few years. As a result, total public investment disbursement increased from VND192 trillion ($8.34 billion) in the first three quarters of 2019 to VND269 trillion ($11.7 billion) during the same period in 2020 – an increase of 40 per cent. … [Read more...] about Reshuffle underway to further stimulate revival of economy

Economists say many companies and corporations are accelerating their efforts to relocate production out of China. Facing a shift in investment from China to other countries, with Vietnam featuring prominently on their radar, many domestic enterprises are paying great attention to investment in infrastructure development, especially building industrial zones associated with new urban areas. … [Read more...] about Bright outlook for Vietnam’s economy despite Covid-19 setback

10th grader Bui Thi Phuong is being treated at Bach Mai Hospital in Hanoi. After 10 days in the intensive care unit, she was still unaware of the surroundings. As she had to take a leave of absence from school and stay in the hospital, she kept asking her parents to bring her books to study. Bui Van Hue, Phuong's father, said the family are farmers. When Phuong was ill, they borrowed everywhere to raise VND10m (USD435) and the money had ran out. "Doctors said she can be saved but she needs to stay in intensive care," he said. "For the past two months, I can only pray for a miracle for her be well and go home." Bui Van Hue calls for help for his daughter. … [Read more...] about Father plans to sell kidney to save ill daughter

Vietnam’s strong economic recovery to further take Vn-Index to nearly 1,300 in 2021 The fact that interest rates are still very low, will help the local stock markets continue to be an attractive and profitable channel, thereby attracting domestic investor. … [Read more...] about VN-Index suffers big loss, liquidity exceeds $1 bln