Hanoi (VNA) – Vietnam and Ho Chi Minh City in particular have remained appealing to foreign investors who are continuing to pour capital into the southern economic hub despite the COVID-19 pandemic. The municipal Statistics Office reported that from the beginning of this year to April 20, the city attracted more than 1.3 billion USD in foreign direct investment (FDI), including newly-registered and added capital, and share purchases. According to the HCM City Export Processing and Industrial Zones Authority (HEPZA), nearly 118 million USD worth of investment has been poured into HEPZA so far this year, up 86 percent year-on-year. Of the total, FDI reached 65.98 million USD, up nearly 2.58 times against the same period last year. With the favourable premise, HCM City is expected to welcome a big wave of investments post-COVID-19 when investors from the US, Europe and Japan move their production lines to Vietnam, said Nguyen Van Be, Chairman of the HEPZA Business … [Read more...] about HCM City gets ready for new foreign investment wave post-COVID-19
Hcm city real estate association
The Eastern area also has convenient and modern transport infrastructure, including Metro Line No.1 from Ben Thanh in District 1 to Suoi Tien in District 9, Hanoi Highway, the expressway from HCM City to Dong Nai province and Cat Lai Port, the largest in Vietnam. … [Read more...] about HCM City plans to reduce number of districts
While industry insiders agree that Ho Chi Minh City needs a game-changing product such as popularizing Meetings, Incentives, Conferences, and Events (MICE) tourism to the metropolis, they also admit that local resources and infrastructure are not yet ready for this kind of tourism. … [Read more...] about Ho Chi Minh City rebuilds tourism strategy to meet 7 million int’l arrivals target
Regarding mechanics, VNR will invest in automation of manufacturing factories so as to develop into two modern manufacturing sites to assembly locomotives and railroad cars, and produce spare parts with localisation rate increasing to 50 per cent for locomotives and over 70 per cent for railroad cars. In terms of transport, the giant will increase connection with other means of transport such as road, sea, and air while ensuring rising application of technologies to ensure safety and increase service quality, administration, operation, and capacity. … [Read more...] about BUSINESS NEWS HEADLINES MAY 25
The cuts came amid bank credit growth in the first quarter of only 1.1 per cent compared to 2.28 per cent in the same period last year as many businesses scaled down or stopped operations, experts said. … [Read more...] about VN ready to be world’s factory, but is the world?