Minister meets innovators in Germany Minister of Planning and Investment Nguyen Chi Dung (second from the right) meets German executives. Minister of Planning and Investment Nguyen Chi Dung is learning about scientific research, technological innovation and personnel training in leading German corporations during his ongoing Germany visit at the invitation of German Federal Minister for Economic Affairs and Energy Peter Altmaier. The Vietnamese delegation has visited a Siemens gas turbine factory, the SAP software company and the Fraunhofer Institute for Applied Optics and Precision Engineering. Minister Dung expressed his wish that Siemens, SAP and Fraunhofer would invest more in Viet Nam by building solar panels and wind turbine plants to meet energy demand in the country and ASEAN, building new research and lab centres in Hoa Lac Hi-tech park. Leaders of Siemens, SAP and Fraunhofer expressed their interest in the Vietnamese market, saying they have … [Read more...] about BUSINESS NEWS IN BRIEF 22/3
1 south korean won to north korean won
BUSINESS NEWS IN BRIEF 19/1
Hanoi 3rd in JLL's City Momentum Index The Asia-Pacific is home to 19 of the top 20 cities on the sixth City Momentum Index published by JLL, highlighting the continuing shift of fast urban growth from the West to the East. Overall, Indian and Chinese cities dominate the rankings, accounting for three quarters of the top 20. Leading the pack are Bengaluru and Hyderabad in India, with Hanoi third. “Asia continues to show strong momentum, with cities that are successfully expanding their innovation economy punching above their weight in terms of attracting capital, companies, and people,” said Mr. Jeremy Kelly, Director of Global Research at JLL. “It’s clear that the tech sector is a key driver of both real estate and economic momentum - driven by large technology firms as well as dynamic startups in cities like Bengaluru, Hyderabad, Ho Chi Minh City and Shenzhen.” Although the global economic cycle is in its late stages, there are still many cities in the … [Read more...] about BUSINESS NEWS IN BRIEF 19/1
BUSINESS NEWS IN BRIEF 22/12
Experts want to reduce number of export inspections Experts have suggested changing the number of and the time spent for inspections of export activities, including customs clearance, to help reduce costs for enterprises. Speaking at a seminar held in Ho Chi Minh on December 20, Tran Ngoc Liem, deputy director of the Vietnam Chamber of Commerce and Industry (VCCI) HCM City, said that overlapping inspection procedures were causing problems for enterprises. The General Department of Vietnam Customs said that procedures accounted for up to 50 percent of customs clearance time. Many shipments have been inspected, but still have not been cleared, it said. Even after three months, State agencies are still conducting inspection checks. Phan Duc Hieu, deputy head of the Central Institute for Economic Management (CIEM), said the proportion of imports and exports subject to specialised inspections at customs clearance was up to 30-35 percent and would be reduced to 15 percent under a … [Read more...] about BUSINESS NEWS IN BRIEF 22/12
Seoul earmarks more than US$260 million for rail, roads in North Korea
SEOUL: South Korea has earmarked more than US$260 million to build new railways and roads in the North, an official said Thursday (Nov 8), as Seoul pushes ahead with cross-border projects despite international sanctions on Pyongyang. South Korean President Moon Jae-in (L) advocates talking to the North's leader Kim Jong Un to push him to denuclearise AFP The figure comes as Seoul and Washington follow increasingly divergent approaches to Pyongyang, with the South pursuing engagement while the US insists pressure on it should be maintained until it denuclearises. South Korean President Moon Jae-in offered to help upgrade the North's outdated rail and road infrastructure and connect it with the South's in meetings this year with the North's leader Kim Jong Un. Seoul plans to spend about 295.1 billion won (US$264 million) on the schemes next year, an official at Seoul's unification ministry told reporters, with most of it - 186.4 billion won - given freely and 108.7 billion won … [Read more...] about Seoul earmarks more than US$260 million for rail, roads in North Korea
BUSINESS NEWS IN BRIEF 31/10
Vietnamese food introduced in Hong Kong Visitors to the seventh Hong Kong Food Carnival, which is underway in Kwai Tsing district, Hong Kong (China), have shown interest in Vietnamese food. Products such as dried rice vermicelli, fish sauce, cashew nuts, dried longan and coffee have been introduced by Hanoi Trade Corporation (Hapro) and Hello-5 JSC. Of note, King Cashew Nut Ltd., Co. which represents Hapro in Hong Kong, has worked with the Vietnamese association in Hong Kong to open a booth featuring Vietnamese dishes at the event. Apart from Vietnam, the Southeast Asia section within the carnival also includes booths set up by Thailand and Malaysia. During the carnival, from October 27 to November 4, participating countries and territories are also putting on traditional art performances. Previously a biennially event, from this year on the Hong Kong Food Carnival will be held annually due to its increasing popularity. SCG's Q3 revenue in Vietnam up 18% … [Read more...] about BUSINESS NEWS IN BRIEF 31/10