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At the event (Photo: baoquocte.vn) HCM City (VNA) – Becoming a financial hub is key to helping Ho Chi Minh City make economic breakthroughs in the time ahead, and the city pledges to exert every effort to facilitate financial institutions’ investment, a local official said on October 18. Chairman of the municipal People’s Committee Nguyen Thanh Phong made the remark at the HCM City Economic Forum that sought ways to turn the city into a financial hub of Asia and the world. Deputy Prime Minister Vu Duc Dam stressed HCM City’s important role as a socio-economic locomotive of Vietnam, noting that building the city into a regional and global financial hub is not only its own wish but also a common target of the whole nation. Phong said the financial market is important to mobilising social resources, a core factor helping boost economic growth in the world’s big cities. In New York, financial services account for 46 percent of its economy’s added … [Read more...] about HCM City vows utmost efforts to become global financial hub

HCM City attracted about US$3.63 billion of foreign direct investment (FDI) capital in the first seven months of this year, marking a year-on-year increase of 15.2 per cent, according to the municipal People’s Committee. A production line of Jasan Vietnam Dyeing and Textiles, which is funded by a Chinese business, in the northern province of Hưng Yên's Phố Nối B Textiles and Garment Industrial Park. — VNA/VNS Photo Danh Lam Nearly $688.8 million came from 678 newly registered projects, up 26.9 per cent in value and 18.3 per cent in the number of projects from the same period last year. In the period, 2,668 foreign investors bought shares and acquired stakes of domestic enterprises with total registered capital of $2.6 billion, 28.3 per cent and 16.7 per cent higher respectively than in the same period last year. Meanwhile, HCM City granted business licences to 24,529 new domestic enterprises worth more than VND396 trillion ($17 billion), … [Read more...] about HCM City lures $3.6 billion of FDI in seven months

Viet Nam News HCM CITY— Samsung Vina officially introduced its Samsung Showcase today at the Bitexco building in HCM City, the third showroom of its kind in the world and the first in Asia designed as a One Samsung Experience model (OSE). The first two Samsung showrooms of this kind are located in New York City and Frankfurt, Germany Suh Kyung Wook, president of Samsung Vina Electronics, said the Samsung Showcase was expected to become a technology destination in the city. The showcase in HCM City covers two floors on a total area of over 1,000 sq m and is divided into 18 areas. The two floors contain all new high-end products from Samsung such as smartphones, TVs, accessories, household electronics equipment and kitchen equipment, among others. At the showcase, customers can experience the connections that can be made between Samsung devices, such as a smartphone and a refrigerator, which allow for smart food purchases. In the smartphone device experience area, Samsung … [Read more...] about Samsung Vina launches product experience showroom in HCM City

The classical ballet Giselle, which is considered one of the great Romantic ballets, will return to the HCM City Opera House on October 19 and 20. The two-act ballet is directed and staged by French dancer and choreographer Chloe Glemot and Japanese dancer Yuki Hiroshige. The production was welcomed by city audiences when it was first staged at the Opera House in September. The ballet tells the story of Giselle, a young peasant girl who dies of a broken heart after discovering that her lover, Albrecht, has promised to marry someone else. The Wilis, a group of ghostly spirits of dead girls who die from broken hearts, target Albrecht. They have the ability to control men and let them dance until they die. But Giselle defends Albrecht with the power of her great love. Young dancer Do Hoang Khang Ninh and Meritorious Artist Ho Phi Diep will play the leading roles of Giselle and Albrecht, while Hiroshige will play Myrtha, Queen of the Wilis. The performance will also feature Meritorious … [Read more...] about Ballet Giselle returns to HCM City Opera House

HCM City has earmarked 665ha of land by 2020 to upgrade existing hospitals and build new facilities so that they can cope with the relentless overcrowding, according to its Department of Health. City Paediatrics Hospital with 1,000 beds is one of the hospitals at the Tân Kiên Hospital Cluster in HCM City The Tân Kiên Hospital Cluster in the outlying district of Bình Chánh gets 74ha now instead of the originally proposed 54ha. It will have the 1,000-beds City Paediatrics Hospital, which opened this month and planned new facilities of the Blood Transfusion Haematology Hospital with 300 beds, Bình Dân Hospital with 300 beds, the Forensic Medicine Centre, and Phạm Ngọc Thạch Medical University. The department’s head, Nguyễn Tấn Bỉnh, told tuổi trẻ (Youth) newspaper that basic construction of the cluster is expected to be completed by 2020 though progress is slow because of problems … [Read more...] about HCM City adds facilities to hospitals to cope with overcrowding