Vietnam singapore industrial park

HCM City eyes 10 percent growth in export in 2021 Shrimps processed for export Ho Chi Minh City’s Department of Industry and Trade has set the target to export 48.19 billion USD worth of products in 2021, a year-on-year surge of 10 percent. Under its development plan for 2021 recently submitted to the municipal People’s Committee, the sector said import revenue is estimated at 56.47 billion USD for the whole year, up 11 percent against the previous year. Besides, it eyed to reel in more than 835.68 trillion VND (36.29 billion USD) from retail sales and services revenues in the year, up 10 percent year-on-year. The department said it will carry out necessary measures in a comprehensive fashion to branch out industry and trade, contributing to promoting economic recovery of the southern hub. Earlier, HCM City set a goal of boosting the export of its key products this year and beyond via trade promotion activities and assistance to enterprises. Head of the … [Read more...] about VIETNAM BUSINESS NEWS FEB. 25

The Hanoitimes - LNG is believed to be a major source in Vietnam's power mix capacity of roughly 130 GW by 2030. Vietnam has drafted a new master power development plan in which liquefied natural gas (LNG) will be a major source of energy for the country with two-digit annual energy demand growth by 2030. LNG is a major source in Vietnam's power mix energy by 2030. Photo: PV GAS Vietnam's Institute of Energy has compiled a list of 22 LNG power plants with the first to be operational by 2023. To make the goal achievable, Vietnam has planned to develop infrastructure capable of importing 8 billion cubic meters (cu.m) of LNG a year by 2030, including LNG from the US that has a widening trade imbalance with Vietnam. The following proposed LNG projects in Vietnam will provide an overview on the country’s LNG landscape in the future, Reuters has reported. 1/ Thi Vai LNG Terminal & Nhon Trach 3, 4 Power Plants is located in the southern province of Ba … [Read more...] about Overview on Vietnam LNG projects

Sinovac's product is a more traditional inactivated vaccine, which makes use of killed virus particles. This method has been used in vaccines for diseases such as polio. Phot: Bloomberg Singapore (VNA) - Singapore received its first shipment of China's Sinovac vaccine but has yet to authorise it for use, said the Ministry of Health (MOH) on February 24. It added that the vaccine maker has started submitting initial data to the Health Sciences Authority (HSA). "HSA is currently awaiting Sinovac's submission of all the necessary information in order to carry out a thorough scientific assessment of the manufacturing process, safety and efficacy of the vaccine under the Pandemic Special Access Route," the MOH was quoted by The Straits Times as saying. The Pfizer and Moderna vaccines have received interim authorisation in the country under this route. In a Facebook post, the Chinese Embassy in Singapore said the delivery of the Sinovac vaccine cements the agreement made … [Read more...] about First batch of Sinovac vaccine arrives in Singapore, but it is not approved yet

The FDI capital includes newly registered capital, supplemented capital, share purchasing and the capital contributions of foreign investors during the ten-month period. In the January-October period, a total of US$15.8 billion worth of FDI was disbursed, equivalent to 97.5% of the corresponding period in 2019. About 2,100 new FDI projects were licensed during the period with a total registered capital of US$11.66 billion, down 32.1% and 9.1% in terms of the number of projects and volume of capital during the same period last year. As many as 109 countries and territories invested in Vietnam with Singapore being the leading investor, having poured US$7.51 billion into Vietnam, accounting for 31.9% of total FDI capital in Vietnam. The Republic of Korea was the runner-up with US$3.42 billion, accounting for 14.6% of the total FDI capital in Vietnam while China came in third. Investors injected finance into 18 areas with 45.7% of total capital invested in the manufacturing … [Read more...] about Vietnam attracts US$23.48 billion in FDI in ten months

Accordingly, Vietnam continued to hold 42nd position out of 131 economies in the annual report (ranked 42 out of 129 economies in 2019). Thanks to the ranking, Vietnam is first amongst a group of 29 lower-middle income economies, third in Southeast Asia, behind Singapore and Malaysia, and ninth in Asia Pacific. According to the assessment, Vietnam was hailed in its market and business sophistication, of which its ranking in the index on market capitalisation of listed companies (% of GDP) was up nine places in 2019, climbing nine places in 2020 and exceeding the target set by the Government in Resolution 02/2019/NQ-CP dated January 1, 2019 on the continuation of the main tasks and solutions to improve the business environment and enhance national competitiveness in 2019 towards 2021. Specifically, in the resolution, the Government has set the target of raising the ranking of the stock market capitalisation index by 10-15 steps, climbing at least five steps in 2019 alone. … [Read more...] about Vietnam’s capitalisation index climbs nine places in GII 2020 report