Le Anh Duong (R), chairman of the Bac Giang Province government, gives an investment registration certificate to Foxconn’s Fukang Technology plant project to Trac Hien Hong, general director of Foxconn Vietnam, on January 18 in Bac Giang – PHOTO: VNA HCMC - Foxconn Singapore PTE Ltd will develop the Fukang Technology plant project at the Quang Chau industrial park in the northern province of Bac Giang to manufacture and assemble tablets and laptops, report VietnamPlus news site. … [Read more...] about Foxconn’s US$270-million tablet and laptop project approved in Vietnam
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Myanmar attracts over 348 million USD in foreign investment in Q1
Hanoi (VNA) - Myanmar attracted investment capital of over 348 million USD from permitted foreign enterprises in the first quarter of the 2020-2021 fiscal year starting October, according to figures of the Directorate of Investment and Company Administration (DICA). In the reviewed quarter of the current fiscal year, the Myanmar Investment Commission (MIC) gave the go-ahead to 23 foreign investment enterprises. During the period, the manufacturing sector attracted most investment capital with over 158 million USD, followed by the hotel and tourism sector with more than 81 million USD and the electricity power sector, over 48 million USD, the DICA figures showed. In the last fiscal year, Myanmar attracted over 5.5 billion USD in investment from 245 permitted foreign enterprises. Singapore, China and Thailand are top leading investors in the Southeast Asian nation. Regionally, the Yangon region attracts 60 percent of the investment from both home and abroad, followed by Mandalay … [Read more...] about Myanmar attracts over 348 million USD in foreign investment in Q1
Da Lat aims to welcome more than 4 million visitors in 2021
Hanoi (VNA) – The resort city of Da Lat in the Central Highlands province of Lam Dong aims to welcome more than 4 million visitors, including 150,000 foreigners in 2021, according to the provincial Department of Culture, Sports and Tourism. In 2020, the city’s tourism sector was affected by the COVID-19 pandemic and it failed to meet its goal of serving 7.8 million visitors, including over 580,000 international tourists. Only 4 million vacationers, including 120,000 foreigners, visited Da Lat last year, down 44 percent from 2019. The city saw the arrival of around 70,000 holiday-makers during the three-day New Year 2021 holiday, signalling positive signs for the city’s tourism sector in the coming year. Lam Dong province now has more than 2,540 accommodation facilities with over 29,400 rooms, 47 travel companies and transport providers./. … [Read more...] about Da Lat aims to welcome more than 4 million visitors in 2021
Petrolimex’s profit falls to five-year low
Hanoi (VNA) – Vietnam’s largest petroleum retailer Petrolimex has reported that earned almost 1.27 trillion VND (55 million USD) in pre-tax profit in 2020, equivalent to 81 percent of this year’s target and down nearly 76 percent from 2019. Under the double impact of the COVID-19 pandemic and the plunge in oil prices in 2020, Petrolimex failed to hit its profit target for the year and recorded the company’s lowest annual profit figure since 2015. Total consolidated revenue was estimated at 123 trillion VND, surpassing the whole-year goal by 1 percent, but the achievement was 35 percent lower than the 2019 revenue. The company contributed 38.5 trillion VND to the State budget in 2020. In 2021, the group will implement its divestment plan and reduce the State's ownership. Currently, the State holds 81.89 percent of Petrolimex's capital, a figure expected to be cut to 51 percent. Petrolimex will soon deploy the divestment of the group at Petrolimex … [Read more...] about Petrolimex’s profit falls to five-year low
HCM City unveils proposed design for Tet Flower Street
HCM City (VNS/VNA) - The HCM City administration has unveiled a draft design for the 18th annual Nguyen Hue Flower Street to celebrate the coming Tet (Lunar New Year) holiday. Rural life featuring rice farming and buffaloes will be the theme for this year, the Year of the Buffalo, according to eastern zodiac. Every year Nguyen Hue street in District 1, which has a pedestrians-only square down its middle, transforms into a ‘flower street’ during Lunar New Year. This year it will be open from February 9 to 15, with the decorations starting on January 25, according to the organisers. Like in previous years environment-friendly materials will be used for the decorations. According to organisers, the organic design and architecture this year would aim to send the message of environmental protection. To usher in the Year of the Buffalo, most of the event’s concepts and decorations will pay homage to the animal, with 26 mascots being set up along … [Read more...] about HCM City unveils proposed design for Tet Flower Street