Infrastructure partnerships australia

Vietnamese Students in Australia (SVAU) convenes its second congress in Canberra on August 6. (Photo: VNA) Sydney (VNA) – Vietnamese Students in Australia (SVAU) convened its second congress in Canberra on August 6 to review its performance during the 2020-2022 tenure and map out plans for the next term from 2022 – 2024. The hybrid event was attended by Vietnamese Ambassador to Australia Nguyen Tat Thanh and some 40 outstanding Vietnamese students across Australia. It also saw the online attendance by representatives from the Central Committees of the Ho Chi Minh Communist Youth Union and Vietnam Students' Association and leaders of student associations from Vietnam. Addressing the congress, SVAU Vice President Huynh Tan Dat said during the past term, the association has hosted a variety of activities to promote innovation and entrepreneurship among students, including a series of talks with experts in innovation for students and an annual global contest for innovative … [Read more...] about Vietnamese Students in Australia holds second congress

Huynh Kim Tuoc, managing director of the Saigon Innovation Hub's (SiHub) Start-up Support Centre under the HCM City Department of Science and Technology, speaks at the event. (Photo: VNA) HCM City (VNA) – Huynh Kim Tuoc, managing director of the Saigon Innovation Hub's (SiHub) Start-up Support Centre under the HCM City Department of Science and Technology, affirmed Vietnam holds tremendous potential for technology development and transfer thanks to its highly qualified experts and intellectuals with rich experiences in this field, especially young and talented human resources at universities. Tuoc said that at a recent workshop in Ho Chi Minh City on promoting the establishment of technology transfer offices (TTOs) in universities, which was co-organised by SiHub, Australia's University of Technology Sydney (UTS) and Singapore's leading incubator fund Expara. The workshop attracted a large number of domestic and foreign experts, and representatives of universities in … [Read more...] about HCM City seeks to boost technology transfer from universities

As Vietnam steps into the post-pandemic era, experiences and learnings from the pandemic serve as a reminder of the importance of digital transformation and its crucial technology component. Eunjung Han, consultant at Rouse Legal Vietnam and vice chair of the Digital Sector Committee of the European Chamber of Commerce in Vietnam Despite COVID-19’s negative economic and social impact, Vietnam remains an attractive destination to European investors. According to the European Chamber of Commerce (EuroCham) 2021 White Book, Vietnam’s stable macro-economic climate, with inflation in the single digits, continues to increase investor confidence in the country’s trade and investment environment. Only adding to that, the EU-Vietnam Free Trade Agreement (EVFTA) is paving the way for continued foreign direct investment (FDI) from the EU and is viewed as a means for shared recovery and economic rebound. As the first comprehensive FTA between the EU and a developing country in … [Read more...] about EVFTA underpinning growth in Vietnamese tech market

Cambodian Deputy Prime Minister and Foreign Minister Prak Sokhonn (Photo: AP) Phnom Penh (VNA) - The 55th ASEAN Foreign Ministers' Meeting ( AMM-55 ) and related meetings have successfully concluded, with some 30 documents on regional cooperation adopted, Cambodian Deputy Prime Minister and Foreign Minister Prak Sokhonn said on August 6. "We have reviewed the progress made thus far to strengthen ASEAN's community building, advance regional integration, and enhance our cooperation with external partners," he told a press conference. The official said that over the course of three and a half days, 19 meetings were held back-to-back, with the participation of foreign ministers and representatives from 38 countries. On the COVID-19 pandemic, he said the ASEAN foreign ministers encouraged the effective operationalisation of the ASEAN Regional Reserve of Medical Supplies for Public Health Emergencies. He added that the ministers also stressed the need to strengthen supply … [Read more...] about Cambodia announces outcomes of AMM-55 and related meetings

The meeting aimed to seek ways to resolve challenges hampering the progress of one of the most critical infrastructure projects in Hanoi. Construction of the rail way started in 2008 and was initially planned to finish in 2015. The double-track railway is 12.5km long, with the elevated sections spanning 8.5km and the remaining 4km underground. Only 75% of the work has been completed, with investment doubling to more than 34 trillion VND (over 1.45 billion USD). The Hanoi People’s Committee, consultants and contractors are held responsible for the project’s extended delays, PM Chinh said, adding that there has been a lack of coordination between the municipal People’s Committee and concerned ministries and units. The deadline for the underground parts must be shortened, probably by half of the proposed 2027, and additional funding must not be sourced from ODA but the State budget instead, he ordered. The PM later assigned Standing Deputy PM Pham Binh Minh as head of a working … [Read more...] about PM Pham Minh Chinh checks progress of Nhon-Hanoi Station urban railway

In the updated draft national master plan for the rest of the decade and with orientations to 2050 that was released last week, the section on the nation’s urban and rural network highlighted that Hanoi and Ho Chi Minh City are continuing to promote their effectiveness and spillover effects. It is hoped that they will develop dynamically and creatively in order to compete internationally. Vietnam’s planning orientation for the next few years aims to push development of satellite towns, Le Toan At last week’s conference on the national master plan held by the Ministry of Planning and Investment in Hanoi, Tran Hong Quang, director general of the ministry’s Vietnam Institute for Development Strategies (VIDS), revealed that the two biggest cities will focus on developing high-quality and high-value-added services in sci-tech, health, training, and IT, as well as restricting processing and manufacturing industries that use a lot of land and labour. “We should push the … [Read more...] about Modern slant found through key planning

According to Ngo Thi Kim Thanh, senior expert at the Investment Analysis and Consulting Centre for SSI Research, the land lease demand in industrial zones (IZs) continues to secure positive growth for 2022 and beyond. This is attributable to diverse factors such as China’s strict pandemic policy, and reopened borders – paving the way for foreign investors to strike new deals or wrap up land lease procedures which were signed earlier. Prospects abound for land-rich industrial players, Illustrative photo. (Source: VNA) Thanh gave the remarks at a talk show on the charm of real estate tickers, hosted by VIR in Hanoi last week. In the stock market, the performance of real estate tickers is being deemed a bright spot in the context of a lasting market correction since April. During the period, the ticker IDC of IDICO Corporation gained more than 20 per cent, KBC of Kinh Bac Urban Development Corporation rose more than 15 per cent, and VGC of top building material maker … [Read more...] about Prospects abound for land-rich industrial players

The Korea and Vietnam Economic and Cultural Association (KOVECA) and the Association for Liaison with Overseas Vietnamese, along with ministries and localities, last week jointly held two Vietnam-Korea cooperation forums in both the northern and southern regions with the participation of 30 associations and 50 enterprises from South Korea. PM Pham Minh Chinh greets representatives of the RoK's associations and businesses at the dialogue in Hanoi on July 30. (Photo: VNA) The associations and enterprises are looking for investment opportunities in terms of urban and transport infrastructure, hospitals, renewable energy, high-tech, and career training. Previously, in the framework of a conference connecting the northern province of Thai Binh and South Korea in early July by Thai Binh People’s Committee, coordinated with the Ministry of Foreign Affairs and the Korean Embassy to Vietnam, an investment registration certificate was granted to South Korea’s SMT Company for the … [Read more...] about South Korean investors lavish attention on Vietnam

At a meeting with the leader of the southern province of Binh Duong last week, chairman of Sharp Corporation Yoshihiro Hashimoto revealed an expansion plan in the locality. Investors already with factories in the country are demonstrating that they trust the business climate here, Photo: Le Toan Sharp Group is exploring opportunities in the southern provinces of Vietnam, including Binh Duong, to move the supply chain away from the Chinese market, promoting market diversification and distribution, according to Hashimoto. “In the coming time, Sharp will continue to expand and build one more large-scale factory, oriented to develop high-tech and advanced products,” he said. Binh Duong is assessed as a locality with an attractive investment environment, in line with Sharp’s criteria. The group has two production factories located in Vietnam, at Singapore Industrial Park (VSIP) I and an extended VSIP II. Sharp hopes to be supported in construction land, labour, and … [Read more...] about New foreign capital stutters despite overall deal boost