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Online supply chain mba

/ February 26, 2021

Vietnam offers numerous investment opportunities for Indian businesses

Delegates attend Vietnam-India trade-investment promotion conference (Photo: VNA) New Delhi (VNA) – The increasing importance of Vietnam in global supply chains is great potential helping to enhance the Vietnam-India relations, particularly between small- and medium-sized enterprises (SME) that are considered the main drivers for economic growth in each country, heard an online conference on February 25. The bilateral trade-investment promotion conference titled “Boosting trade-investment cooperation opportunities between Vietnam ese and Indian SME s” was jointly organised by the Trade Office of the Vietnamese Embassy in India, Uttar Pradesh state government, the Indian Industries Association (IIA) and the Hanoi SME Association. IIA President Pankaj Gupta said that several major enterprises of India such as Adani Group, Mahindra, SRF and Suzlon have shown interest in investing in Vietnam. He suggesting Indian enterprises invest in Vietnam in the fields of energy, mineral exploration, agricultural chemicals, sugar production, tea, coffee, information technology, and automobile components. Vietnam is currently holding a lot of advantages for investors such as favourable investment policies, numerous free trade agreements, rapid economic growth, stable political situation, cheap labour costs, and young labour force, he stated. However, participants pointed to several challenges for foreign investors in Vietnam, including high corporate tax rates of 32-50 percent for companies operating in oil and gas exploration and exploitation and other valuable natural resources, complicated administrative procedures, and dependence on cash transactions. Meanwhile, Vietnamese Ambassador to India Pham Sanh Chau proposed the two countries’ enterprises expand cooperation in supporting industry, automobile and motorbike spare parts, garment and footwear materials and household appliances. According to the Vietnam Foreign Investment Agency, as of December 2020, …

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/ March 1, 2021

Da Nang city set to become special urban area

PM Nguyen Xuan Phuc speaks at the meeting. (Photo: VNA) Hanoi - The central city of Da Nang is set to be part of the global supply chain network and a gateway on the East-West Economic Corridor by 2030, a meeting in Hanoi on March 1 heard. Discussing adjustments to the city’s master planning by 2030 with a vision towards 2045, the meeting was presided over by Prime Minister Nguyen Xuan Phuc. By 2030, the city is also expected to become a destination for global lifestyles, a centre of tourism and services, and a maritime economic hub in Vietnam and the region at large. In the long term, it eyes becoming a special urban area and an international city. Its population is predicted to stand at about 1.79 million by 2030 and its urban area is to cover 31,836 ha, or more than 32 percent of the local land area. The municipal People’s Committee signed a contract with a joint venture between Sakae Corporate Advisory Ltd. and Surbana Jurong (Singapore) on the project adjusting the master planning. During the process of building the project, the municipal People’s Committee organised three international workshops and collected feedback from local residents, businesses, departments, and agencies. In an assessment, the Ministry of Construction said the project identified the position and role of Da Nang as a core urban area of the Hue-Da Nang-Chu Lai-Ky Ha-Dung Quat (Van Tuong)-Quy Nhon urban area chain, forming the Da Nang urban region, encompassing Chan May (Lang Co), Da Nang, Dien Ban, Hoi An, and Nam Hoi An. In his remarks, PM Phuc lauded Da Nang’s coordination with ministries and agencies as well as its response to opinions from local residents and socio-economic organisations in the planning work. Da Nang should develop beyond its current status as a first-tier urban area, he said, becoming a special city. Given that it boasts one of the most beautiful beaches in the region, he urged the city to pay more attention to waste water treatment and climate …

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/ March 1, 2021

Đà Nẵng aims to become tourism hub of Việt Nam

Prime Minister Nguyễn Xuân Phúc chairs a meeting reviewing Đà Nẵng's development master plan in Hà Nội on Monday. — VNA/VNS Photo HÀ NỘI — Đà Nẵng plans to become a tourism and sea-based economic hub of Việt Nam by 2030 following its adjusted master plan with a vision to 2045. Under the plan, the central city is projected to become a part of the global supply chain network and a gateway to the East-West Economic Corridor, leaders of Đà Nẵng reported at a meeting with Prime Minister Nguyễn Xuân Phúc in Hà Nội on Monday. The city also hopes to become a special urban area in its long-term vision of becoming an international city. Its population by 2030 is expected to reach 1.79 million and the urban construction area will be about 31,800ha, accounting for more than 32 per cent of its mainland area. PM Phúc applauded Đà Nẵng authorities’ efforts to work closely with ministries, agencies and to collect public opinions into making the master plan. The city should aim to become a special city of Việt Nam to bring Đà Nẵng to a higher level in terms of both quality and development scale, the PM said. The Government leader approved the plan to develop Đà Nẵng into a spearhead tourism city, a sea-based economic centre of Việt Nam, a gateway to the East-West Economic Corridor and a worth-living and safe city. Regarding waste treatment, PM Phúc said this was an important issue for Đà Nẵng – a city with one of the most beautiful beaches in the region. The city should also have measures to deal with climate change. He also asked for measures to prevent corruption in adjusting and implementing the master plan and have a proper supervision mechanism. — VNS …

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