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Investment attraction sa

/ March 3, 2021

Danang calls for investment in 10 projects in next five years

Danang calls for investment in 10 projects in next five years By Nhan Tam Tien Sa Port in Danang City. The city wants to call for investment in Lien Chieu Port and make the Tien Sa Port the cruise port - PHOTO: NHAN TAM DANANG – The central coastal city of Danang has put forth 10 investment projects in the transport, infrastructure and logistics sectors to call for investment in the next five years. Six of the projects have had their scales determined, with a combined investment capital of more than VND100 trillion, while the four remaining projects depend on proposals from investors. The project of building the city subway system will be the largest, with an amount up to VND54.5 trillion. The city wants to call for investment into this massive project under the Public - Private Partnership (PPP) mode. The system will follow two directions. One of them is on the East-West way, connecting the Nam O region in the Northwest, adjacent to Hai Van Pass, going through the downtown area to the An Hai Dong area (My Khe beach). Meanwhile, on the North-South way, the subway will start from the Son Tra Tinh Vien area (in Son Tra peninsula) to the vicinity of Danang airport. Reportedly, in the Northwest region, there are many large investment projects, including Japan’s Mikazuki hospitality complex and new residential areas named Golden Bay, Thuy Tu, Golden Hills and the cluster of the Danang High-tech Park and the Information Technology Park. In addition, Danang is also calling for investment for Lien Chieu Port in this area. This project has a total investment capital of nearly VND7,400 billion (including State and private investment), developing two initial berths, capable of receiving general ships, bulk cargo with 100,000 tons and container ships from 6,000 to 8,000 TEUs, ensuring throughput of goods from 3.5 to 5.0 million tons a year. When these projects are constructed synchronously, they will be the driving force for Danang's economic …

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/ March 3, 2021

LODGIS HOSPITALITY’S LONG-TERM VISION AND INVESTMENT STRATEGY FOR VIET NAM’S TOURISM MARKET

High school student creates non-profit organisation to transform mental health amid COVID-19 Buddhists on a pilgrimage to worship the land of Buddha on Mount Fansipan Sun World Fansipan Legend marks the rise of the international ranking for Sa Pa tourism VinBrain reaches final round of global competition "COVID-19 Pandemic Response Challenge" The “Win-Win-Win” formula of branded residences have proven successful Lodgis Hospitality, the investment partnership between the leading global Private Equity Firm Warburg Pincus and Viet Nam’s leading investment manager, VinaCapital – is focused on Viet Nam’s tourism industry, with the strategic aim to support the development of Viet Nam as an international tourism destination by delivering a range of high-quality hospitality real estate developments and services. Viet Nam – timeless charm Viet Nam - a truly fascinating country, offers a 3,260 km coastline, connecting the North and South with white-sand beaches. Beyond its significant coast, the country boasts overlapping ranges of mountains, primeval forests, and world-famous caves. The destination is also known for its rich history, deep culture and arts, and unique street food cuisine.  More than its diverse natural landscape, Viet Nam also has vibrant cosmopolitan cities such as Ha Noi and HCM City, each with their own distinct ambience and rhythm. Ha Noi offers a traditional setting with heritage dating back 1,000 years. HCM City is a high energy urban and business centre with skyscrapers and a bustling streetscape. There are also the idyllic landscapes of the Vietnamese countryside and craft villages. These include bountiful fruit orchards across the Mekong Delta; narrow Hoi An streets adorned with bright red Bougainvillea trellises of ancient yellow houses; and the terraced paddy fields in Sapa. Viet Nam and its timeless beauty Viet Nam has become one of the top destinations in the Asia-Pacific region, attracting tourists from all …

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/ February 18, 2021

VIETNAM BUSINESS NEWS FEB. 18

Logistics sector to step up digital transformation Logistics, considered a backbone of Vietnam’s economy, is among eight sectors prioritised by the national programme for digital transformation until 2025. According to the Vietnam Logistics Business Association (VLA), the sector has grown 14-16 percent annually over recent years. It now gathers together some 3,000 domestic firms and 30 others offering transnational services.  Of those, 89 percent are domestic businesses and 10 percent are joint ventures while the number of foreign-funded companies represents just 1 percent of the total. The VLA said the cost of logistics in Vietnam as a proportion of GDP is 18 percent, compared to 9-14 percent in developed countries. The high cost is attributable to limited sea port infrastructure and weak cost reduction efforts. Together with fierce competition, the digital economic boom, and pressure from the COVID-19 pandemic, these have made digitisation in the sector a must. Vietnamese logistics companies offer between 2 and 17 services, mostly in transport, warehousing, and fast delivery. About half apply technology in their operations. Nguyen Tuong, VLA Deputy General Secretary, said investment shortages from the very beginning, difficulties in choosing suitable technological applications, a sense of distrust in technology, and a fear of change are hindering the sector from pressing ahead with digital transformation. Tran Thanh Hai, Deputy Director of the Agency of Foreign Trade at the Ministry of Industry and Trade, said transformation in this core sector would trigger a similar process in other parts of the supply chain. Experts have said that smart logistics involve master plans and strategies with the involvement of cloud computing technology, adding that it will be conducive to improving customer services, information flows, and automation. To reduce logistics costs, Nguyen Hoang Long, Deputy General Director of the Viettel Post Joint Stock …

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