Ha Noi has implemented solutions to facilitate the sustainable development of e-commerce activities, which have grown rapidly recently, though problems persist in the quality of goods traded online. — Photo baodautu.vn Ha Noi has implemented solutions to facilitate the sustainable development of e-commerce activities, which have grown rapidly recently, though problems persist in the quality of goods traded online. According to a survey of 1,000 enterprises in Ha Noi conducted by the Viet Nam E-commerce Association, 61 per cent have conducted business activities on social networks because it is an easy and effective business trend, while it also has low operation costs and offers quick feedback from customers. About 37 per cent of the businesses said that e-commerce revenue accounted for about 30 per cent of the enterprises’ total revenue while 16 per cent of them have gained 50 per cent of their total revenue from e-commerce activities. In the first half of this year, … [Read more...] about Ha Noi focuses on e-commerce
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Ha Noi’s lucrative property market attracts foreigners
Ha Noi expects to attract more foreign buyers on its real estate market as a rising number of foreign experts and entrepreneurs are working in the capital city.– VNS Photo Thanh Hai Ha Noi expects to attract more foreign buyers on its real estate market as a rising number of foreign experts and entrepreneurs are working in the capital city. Statistics show that more than 82,000 foreigners live and work in Viet Nam, and a large number of them are in Ha Noi from South Korea, China, Singapore, Russia and the US, reported the Vietnam News Agency. According to a report by HSBC Vietnam, 29 per cent of foreign experts working in the country said they were ready to spend their savings on home purchases, including high-end apartments and luxury property. The revised law on housing, which took effect in 2015, has created more favourable conditions for foreigners to buy houses in Viet Nam. More open policies to attract foreign investment have also enhanced the attractiveness of Ha … [Read more...] about Ha Noi’s lucrative property market attracts foreigners
Ha Noi leads in attracting foreign direct investment
Ha Noi was followed by Ho Chi Minh City with US$4.69 billion and the southern province of Ba Ria - Vung Tau with US$2.15 billion in FDI, which make up 17.9% and 9.4% of the country’s total FDI attraction, respectively, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment. Several large projects helped lift Ha Noi to the top position. Notable schemes include the US$4 billion-plus smart-city project invested by Japanese conglomerate Sumitomo in Dong Anh district. Another big investment is the Lotte Mall Ha Noi project by South Korean giant Lotte Group. This US$600-million project is a complex comprising of a shopping mall, hotel, office space and apartments. At the conference “Ha Noi 2018 - Investment cooperation and Development”, municipal authorities also handed over investment licenses to 71 … [Read more...] about Ha Noi leads in attracting foreign direct investment
Ha Noi keen to work with German businesses
Ha Noi has imported 100 cleaning machines from the Hako Group, which have helped make remarkable environmental changes. — VNA Photo Chairman of the Ha Noi People’s Committee Nguyen Duc Chung and a delegation of the capital city have embarked on a working visit to some European countries. Their first stop was Germany, where they arrived on June 19. In Frankfurt, they had a working session with the Hako Group, one of the leading international manufacturers of cleaning and municipal technology. Ha Noi has imported 100 cleaning machines from the Hako Group, which have helped make remarkable environmental changes. Hako representatives informed the delegation of the group’s decision to open a representative office and a maintenance plant in Ha Noi. Chung welcomed Hako’s long-term plan in the city and confirmed that the authority would provide optimal conditions for the opening of its representative office in Ha Noi. He expressed hope that the group would bring other … [Read more...] about Ha Noi keen to work with German businesses
PM outlines new impetus for Ha Noi’s growth
PM Nguyen Xuan Phuc attends Ha Noi 2018 Investment and Development Cooperation Conference on June 17, 2018 - Photo: VGP/Quang Hieu PM Nguyen Xuan Phuc made that statement at Ha Noi 2018 Investment and Development Cooperation Conference on June 17 in Ha Noi. Speaking at the event, the Government leader asked Ha Noi’s authorities to exploit land effectively and suitably with economic structure in the upcoming time as well as harmonious and balancing with long-term and short-term benefits. Mr. Phuc took Cau Giay district as an example, which has emerged from a very poor locality into an urban area with industrial value exceeding VND43 trillion and State budget contribution of over VND7 trillion thanks to the effective planning scheme. Highlighting the necessity of establishing a smart city, he demanded establishing a creative and transparent environment and modernizing the administrative management system to make breakthroughs in socio-economic … [Read more...] about PM outlines new impetus for Ha Noi’s growth