Invest

Hanoi (VNA) – The People’s Committee of Hanoi is directing departments and localities to take drastic measures to speed up the disbursement of public investment as by the end of March 2020, the capital city’s disbursement only reached 7.6 percent of the yearly target, failing to meet the requirements. Districts are required to build appropriate plans for 2020 in accordance with the city’s budget collection scenario given the complicated developments of the COVID-19 pandemic. The state budget collection in the capital is forecast to be extremely difficult, affecting development investment and regular expenditures. Therefore, localities across the city should review the porfolio of investment projects, prioritising natural disaster prevention, diseases, health care, social welfares, education-training, agriculture and rural development, environmental protection, and social order, safety and security. According to the municipal People’s Committee, the … [Read more...] about Hanoi boosts public investment disbursement

Almost all German companies in Vietnam have already got a taste of how the epidemic would affect their business activities since the coronavirus broke out. They have been feeling the initial impacts, especially because of the travel restrictions (86 per cent). 59 per cent of German companies reported that coronavirus has disrupted their supply chains while 55 per cent are experiencing cancellations of contracts and 50 per cent are rescheduling new investment plans due to the outbreak of coronavirus. … [Read more...] about Despite COVID-19, German companies hell-bent on investing in Vietnam

Many foreign investors, including those from the EU, Japan, the US, and South Korea, have expressed interest in the project, which is estimated to cost over VND118.7 trillion ($5.16 billion), with a total of over VND63 trillion ($2.74 billion) to be mobilised by investors, for 654 kilometres to be built. It is considered an economically and politically important project. … [Read more...] about North-South Expressway investment conference delayed till late April

The supporting industries in Dong Nai Province are divided into various groups, including fiber, yarn, and fabrics; electronic components, tools, and spare parts; equipment for all kinds of machinery; input materials for the footwear industry. Many world-famous corporations in the field of supporting industries are present in the province, such as Bosch, Hyosung, Fujistu, Schaeffler, Vision Group, Kenda, and Mabuchi Motor. The province has seriously selected FDI projects so the statistics in recent years showed that 50 percent of FDI capital into the country belonged to the supporting industries. The goal of the province in prioritizing capital attraction for the supporting industries is to provide input materials for many other enterprises in the province and gradually increase the localization ratio of export products. Therefore, it will be easier for enterprises to enjoy tariff incentives from effective free trade agreements that the country has signed. In the past years, in … [Read more...] about Dong Nai attracts investments in supporting industries

Bot Ban Hang, one of the first Vietnamese-made chatbot platforms, provides online chat conversation via text for businesses and sellers. The platform helps manage supply chain by building potential customers, interacting with customers, increasing revenue and saving time and human resource costs. … [Read more...] about NextTech invests in chatbot platform