Saigon Hi-tech Park in HCM City’s Thủ Đức City. HCM City will focus on speeding up investment procedures to attract more investors. — Photo baodautu.vn HCM CITY — HCM City will focus on helping businesses invest in the Saigon Hi-tech Park in Thủ Đức City by addressing slow administrative procedures, a conference …
Read More »Macquarie Group to invest $3 billion in Hải Phòng wind farm
Corio Generation’s leader Guillermo Martinez-Navas signed an agreement with FECON for a proposed 500 MW offshore windfarm in Bà Rịa, Vũng Tàu Province. — Photo courtesy of the firm HÀ NỘI — Corio Generation of Macquarie Group (Australia) proposed researching an offshore wind power plant project with a capacity of about 1,000MW at the total investment of between $2 billion and …
Read More »No home loans against legally incomplete projects: central bank
The State Bank of Vietnam is considering banning commercial banks from providing home loans for projects that are yet to meet legal requirements fully. The central bank is seeking feedback on its draft circular that sets stricter conditions for real estate loans as a measure to mitigate speculation and risk …
Read More »Local enterprises lack materials due to China’s ‘Zero COVID’ policy
Tân Phú Plastic Company produces safe products to serve the local market. The Zero COVID policy in China means many Vietnamese producers lack input materials. — Photo courtesy of the firrm HÀ NỘI — While many exporters and producers had orders for 2022, they are worried about a possible shortage …
Read More »Blue or white, no respite: labor shortage dogs firms
Companies in Vietnam continue to face difficulties in recruiting both white and blue collar workers to fuel their post-Covid recovery operations. “Every meeting, my boss asks me which position has been filled,” Vu Yen Phuong, Human Resources & General Affairs (HR&GA) leader of IT company Infoplus told VnExpress. Normally, January-June …
Read More »Partnering with local farmers key strategy of French firm in Vietnam
Andros Asia has partnered with local farmers in every market where it is present, including Vietnam, as part of its development strategy. On June 17 Andros Asia hosted a partnership conference in Tien Giang Province, an event that aimed to promote the development of a sustainable fruit network by the …
Read More »Explosive e-commerce growth drives demand for logistics
Việt Nam has seen rapid growth in e-commerce in recent years, and demand for logistics services is growing commensurately. — Photo courtesy of J&T Express HCM CITY — The rapid growth in e-commerce is driving an unprecedented increase in demand for logistics services, including express delivery services, according to …
Read More »Blue chip stocks hit weekly high
Vietnam’s benchmark VN-Index rose 1.46 percent to 1,202.82 points Monday with most blue chip ending in the green. The index closed 17.34 points higher after losing 3.4 points Friday. Trading on the Ho Chi Minh Stock Exchange increased by nearly 21 percent to VND12.32 trillion ($529.7 million). The VN-30 basket, …
Read More »Market surpasses 1,200-point mark thanks to steel, banking stocks
Inside a factory of Hòa Phát Group (HPG). HPG increased 5 per cent on Monday. VNA/VNS Photo HÀ NỘI — Vietnamese shares on Monday surpassed the 1,200-point mark, underpinned by steel and banking stocks. On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index increased 1.46 per cent, to 1,202.82 points. …
Read More »Cashew exports to slow in 2022 amid global inflation, Russia sanctions
Cashew exports reduced both in volume and value in the first five months of the year. — Photo congthuong.vn HCM CITY — Việt Nam’s cashew exports reduced significantly in both volume and value in the first months of the year, exports for the entire year are forecast to be lower …
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