The city saw the establishment of 12,260 new firms in the period with total registered capital of US$7.78 billion, down 10% in number but up 9% in capital compared to the same period last year. Meanwhile, 1,261 firms dissolved during the period, 7,075 others suspended operation and 3,669 resumed production and business. Hanoi continues to perform fairly in enhancing local competitiveness and administrative reform. It came in at second place in the 2019 Public Administration Reform Index (PAR Index) for the third year in a row with 84.64%. The capital city gained 68.8 points in the 2019 Provincial Competitiveness Index, 3.4 points more than previous year, to rank the 9th for the second straight year. Speaking at the meeting, Chairman of the committee Nguyen Duc Chung said local authorities have made concerted efforts to carry out the double task of epidemic prevention and economic development. Hanoi has gone through 43 consecutive days without any new … [Read more...] about Hanoi attracts US$1.56 billion in FDI in five months
Meteorite 4 56 billion years
"Natural disasters had destroyed nearly 62,000 houses, damaged over 108,000 hectares of crops, and killed nearly 8,000 cattle and poultry," the report said. "Total losses amounted to over VND3.4 trillion (USD148 million)." To help address the problems the prime minister has decided to allocate VND 4.4 trillion to fix 87.4 km of eroded dykes in some provinces. Eight provinces in the Mekong Delta provinces also received financial support of VND530 billion from the state budget to deal with droughts and saline intrusion. According to the National Centre for Hydro-Meteorological Forecasting, there will be about 11 - 13 storms and low tropical pressures in the final months of this year. … [Read more...] about 47 deaths due to natural disasters this year
VSN reported net revenue exceeded VND1.45 trillion (US$62.4 million) in Q1, up 21 per cent year-on-year. Post-tax profit reached VND46.5 billion, up 19 per cent against last year. Revenue from fresh meat accounted for nearly VND669 billion, up 20 per cent and revenue from processed food accounted for nearly VND742 billion, up 22 per cent. … [Read more...] about Shares of husbandry companies soar on rising profits
In the middle of June, BSR filed for listing on the Hà Nội Stock Exchange (HNX) with more than 3.1 billion shares, representing its charter capital of VNĐ31 trillion (US$1.34 billion). If approved, BSR will become the largest listed firm by charter capital on HNX. … [Read more...] about BSR asks for tax exemptions to overcome difficulties
The U.S. remains a popular destination for immigration due to matching salary packages, living standards, and quality of education. Compared to other paths to citizenship, the EB-5 is attractive for investors due to its more relaxed education or language requirements, not requiring employment or family sponsorship, reasonable residency requirements, only requiring a passive investment, and more. The minimum investment required under the EB-5 Program is US$900,000 in high unemployment or rural areas and US$1,800,000 outside those areas. The process will take approximately 24 months for a conditional Green Card, and another 21 to 45 months for a permanent Green Card. … [Read more...] about CanAm: More Hong Kong residents favoring EB-5 visa to immigrate to the U.S.