Cooperative business definition

Dong Nai (VNS/VNA) - The southern province of Dong Nai last year scrapped the licences it had issued for 531 proposed foreign projects due to slow progress. They involve combined investment of over 5.34 billion USD, according to the provincial Department of Planning and Investment.  After receiving their investment registration certificates, most foreign investors quickly bring in money, import machinery and equipment and build plants, usually in one to two years, and begin doing business, according to Mai Van Nhon, deputy head of the Dong Nai Industrial Zones Authority (DIZA). Investors who delay their projects due to unexpected difficulties would get assistance from the province, with the DIZA always working with investors to find out the reasons, he said. If they are determined to do business, their licences would get an extension, but investors who sound unreasonable or deliberately delay their projects would lose their licences, which would then be given to others, he … [Read more...] about Dong Nai pulls plug on 531 tardy foreign projects

Hanoi (VNA) – The Vietnamese real estate market at all segments continues showing its appeal to foreign investors, and hundreds of millions of USD are waiting to be poured into the market, according to a research conducted by property and investment management services firm Jones Lang LaSalle (JLL). Particularly, investors from Japan, the Republic of Korea, Singapore, and an increasing number of investors from China, are showing their interest in the affordable housing segment in the Southeast Asian country. JLL’s recent figures revealed that the total supply of apartments in Ho Chi Minh City and Hanoi reached 201,707 and 224,179 units, respectively, as of the end of Quarter 4 in 2019, equal to a rate of 17 apartments per 1,000 people. As the rate is really low, the focus should be channeled into the mass housing market where there is real demand. In the next two decades, Vietnam will enter the demographic golden period with 25 percent of the population aged between 10 … [Read more...] about Hundreds of millions of USD await to enter Vietnam’s realty market

“Vietnamese astrophysicists did not analyze specific data directly from the EHT project, but we worked with the data recorded from the James Clerk Maxwell Telescope at the East Asia Observatory, one of the astronomical member stations of EHT,” said Dr Pham Ngoc Diep from the Department of Astrophysics and Space. … [Read more...] about Vietnamese scientists contribute to research about black holes

HCM City (VNS/VNA) - Japanese investment in Vietnam has strongly developed in both quality and quantity as investors are applying the most advanced technologies in production, experts have said. The investment trend will be essential as the 4.0 industrial era continues to develop well in Vietnam, with both domestic and foreign companies increasingly using advanced technologies including Big Data, the cloud, and AI (Artificial Intelligence) in their production. Because of US-China trade tensions, many Japanese companies want to set up manufacturing in Vietnam, experts have said. Moreover, the companies also see great potential in the Vietnamese market with its young population, cheap labour, and preferential policies from the Government.  Speaking about Japanese investment in 2019, Hirai Shinji, chief representative of JETRO Ho Chi Minh City … [Read more...] about Japanese firms increase investments in advanced tech in Vietnam

Many Vietnamese stop off at their favourite bar for a few glasses of beer after work. Photo: AFP Under the new law, motorbike drivers who have been drinking will be fined up to $345, while car drivers under the influence could face a penalty of up to $1,800. Both face two-year licence suspensions. … [Read more...] about Beer sales fizzle in Vietnam as drink-driving law hits bars