He also warned that buyers should think twice about a new development model known as a “farmstay”, which has appeared in satellite provinces in recent years. “Land for farmstays is all agriculture land, which can be used only for farming. If buyers invest in this model, their capital investment would be kept for long time and they would face difficulties when investments cannot be recycled,” Nam added. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 24
Idea 65 recharge plan
Additional US$1 million fund established to aid startups in Binh Duong
On the occasion, the Young Entrepreneur Association in Di An Town presented VND200 million (US$ 8,675) to support the poor in the town as well as build two charitable houses each worth VND50 million and 20 bicycles to needy children with good academic performance. … [Read more...] about Additional US$1 million fund established to aid startups in Binh Duong
Indonesia supports safe, transformative digital ecosystem in ASEAN
Jakarta (VNA) - Indonesia is encouraging the creation of a safe and transformative digital ecosystem in support of the planned cooperation between ASEAN and Japan in the telecommunications sector, the country’s Minister of Communication and Informatics, Johnny G. Plate, has said. The cooperation will be directed towards the development of a digital community and economic block, which will hinge on technological service and a safe and transformative digital ecosystem, he affirmed during a virtual dialogue between ASEAN Digital Ministers and Japanese Minister of Home Affairs and Communication Masayoshi Shintani. The meeting took place on the sidelines of the first ASEAN Digital Ministers’ Meeting (ADGMIN), held from January 18 to January 22. Plate said the planned cooperation between ASEAN and Japan in information and communication technology will be in line with Indonesia's priority, including the development of 4G digital infrastructure across Indonesia, initial … [Read more...] about Indonesia supports safe, transformative digital ecosystem in ASEAN
Ho Chi Minh City seeks feedback on new administrative building
The first two underground levels of the new building are expected to be the workplace of the municipal People’s Committee and decision-making People’s Council, while the second to sixth above-ground floors will become offices for eight departments. … [Read more...] about Ho Chi Minh City seeks feedback on new administrative building
VIMC strives to become regional brand name
However, the corporation implemented drastic and comprehensive restructuring measures. Those included increasing debt purchase of banks according to market principles, switching debts to contributed capital, paying debts by investments that VIMC is in need of divestment, thoroughly handling bad debts and ineffective assets, saving costs, accepting some businesses to file for bankruptcy, focusing on market development and improving efficiency of trade activities. Thanks to greater efforts, VIMC has made profits totaling more than VND1 trillion from seaport services per year since it was equitized, helping it overcome numerous difficulties in maritime transportation. Seaports have become ‘gold mines’ for partners and investors who want to own VIMC’s stocks by investing in the parent company. … [Read more...] about VIMC strives to become regional brand name
