Danang calls for investment in 10 projects in next five years Tien Sa Port in Danang City. The city wants to call for investment in Lien Chieu Port and make the Tien Sa Port the cruise port Six of the projects have had their scales determined, with a combined investment capital of more than VND100 trillion, while the four remaining projects depend on proposals from investors. The project of building the city subway system will be the largest, with an amount up to VND54.5 trillion. The city wants to call for investment into this massive project under the Public - Private Partnership (PPP) mode. The system will follow two directions. One of them is on the East-West way, connecting the Nam O region in the Northwest, adjacent to Hai Van Pass, going through the downtown area to the An Hai Dong area (My Khe beach). Meanwhile, on the North-South way, the subway will start from the Son Tra Tinh Vien area (in Son Tra peninsula) to the vicinity of Danang airport. … [Read more...] about VIETNAM BUSINESS NEWS MARCH 6
Solar powered refrigerator project
Equity investment in Vietnam reaches new peak
Vietnam reports most impressive growth in financial services regionally, particularly in the banking sector Global equity investment shed 13.1 per cent in the total number of transactions and plunged 33.8 per cent in total transaction value in the first half last year, compared to the corresponding period in 2019. Within the ASEAN-5 and Vietnam, equity transactions were slowing down last year compared to a robust 2019. The number of transactions dropped from 230 cases in the second half of 2019 to 200 cases in the first six months of 2020, meanwhile, the transaction value was curtailed by more than half, from $9.15 billion to just $4.3 billion. Amid chaos and uncertainties due to the coronavirus pandemic, Vietnam’s equity investment market has set a record with 59 transactions valued at $1.14 billion, a slight increase compared to 2019. Technology has maintained its growth momentum setting a five-year record in the number of transactions. Investments have channelled into … [Read more...] about Equity investment in Vietnam reaches new peak
Charity acts warm the poor’s hearts in Hanoi in pandemic time
The Hanoitimes - Many benefactors are giving free meals, face masks and essential items to alleviate the hardships of the destitute in Hanoi city every day during Covid-19 pandemic time. Times of crisis can often bring out the best in people. The Covid-19 evolution remains unpredictable in Hanoi, thus deeds of many kindhearted Hanoians’ have been of great encouragement for the poor’ hearts in the capital city to overcome the pandemic time. The shining examples not only show kindness of Vietnamese people amid the pandemic, but also surprise a lot of foreigners in Vietnam and in the world. Donation of food and essential items Many benefactors are giving free meals, face masks and essential items to alleviate the hardships of the destitute people in Hanoi city every day during Covid-19 pandemic time. The Hanoi city government has urged shops that sell non-essential goods and provide services to temporarily shut down to prevent Covid-19 from spreading. Although … [Read more...] about Charity acts warm the poor’s hearts in Hanoi in pandemic time
Party Committee discuss key solutions to turn Thu Duc into smart city
One of significant tasks in 2021 is the continuity of the city’s stable state machinery to ensure the effectiveness in management for the city development. When it comes to this task, the city must enhance re-structuring of the machinery and re-arranging of administrative staffs as well as grading of levels and powers along with supervision for transparency. The party committee said that it would also focus on spreading the information of the 13th National Party Congress and the 11th Ho Chi Minh City Party Congress as well as applying these congresses' resolutions into reality. With regard to building up a strong party, meeting participants emphasized on the continuous implementation of Resolution No.4 on Party building and rectification adopted at the fourth plenum of the 12th Party Central Committee. They also emphasized on improvement of the managerial skills and abilities of leaders. Additionally, participants were determined to maintain stable social security to pave the … [Read more...] about Party Committee discuss key solutions to turn Thu Duc into smart city