The event was held by Hanoi Centre for Investment, Trade, and Tourism Promotion (HPA) in collaboration with the Hanoi Young Business Association. As many as 100 businesses showcased their products, services, and outstanding technologies during the event, seeking business and investment opportunities with both domestic and foreign companies. Le Tu Luc, deputy head of the HPA, said that the event was organised to introduce Hanoi's investment, trade and tourism promotion achievements, strengthening cooperation between international investors and businesses in Hanoi and the surrounding area. "The HPA's organisation of this event not only helps businesses in Hanoi and the neighbouring provinces introduce their products, but also enables domestic and international businesses to connect and cooperate," he emphasised. Over the past eight months, the city has attracted $2.34 billion worth of foreign investment, accounting for nearly 12.9 per cent of the country's … [Read more...] about Hanoi promotes trade and investment potential to investors
Real estate investment opportunities
More consideration lent to US investment
Photo Le Toan Just a week after Vietnam and the US elevated their bilateral relations to a comprehensive strategic partnership, Prime Minister Pham Minh Chinh paid a working trip to the US to attend the 78th session of the UN General Assembly where he underlined Vietnam’s contributions and commitments to the UN’s activities, and met with UN Secretary-General António Guterres. In the US, he also met with US Vice President Kamala Harris, leaders of the US Congress, the national security advisor, and several members of the US cabinet. He also visited the New York Stock Exchange where he knocked the gavel to open a trading session. He underlined the need for both nations to focus on materialising the new cooperation framework into specific strategies, projects, and business cooperation. Noting priorities to be implemented, the PM said both nations must continue to prioritise resources for realising commitments in the joint leaders’ statement on elevating US-Vietnam relations. … [Read more...] about More consideration lent to US investment
Hanoi aspires to become a global city
The formulation of capital planning is an integral component of Hanoi's endeavors to achieve its developmental goals by 2030, with a forward-looking perspective reaching to 2045. Hanoi commits to transforming into a globally interconnected metropolis by 2045, serving as the country's visage, said Deputy Secretary of the Hanoi Party Committee Nguyen Van Phong at a scientific conference on the Hanoi Planning Orientation for 2021-2030 , with a vision to 2050, held today [September 29]. Overview of the conference. Photos: Thanh Hai/The Hanoi Times Phong said the city's goal is not merely to vie for supremacy with other provinces and cities in the country but to position itself globally, comparable to countries in Asia and the world. During the conference, Deputy Chairman of the Hanoi People's Committee Ha Minh Hai said that the formulation of the capital planning for the 2021-2030 period, with a vision to 2050, is an integral component of Hanoi's endeavors to … [Read more...] about Hanoi aspires to become a global city
VN-Index steadies after stormy week
The index closed 1.7% points higher. It has dropped nearly 39 points this week. Trading on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, fell 12% to VND13.96 trillion ($575.20 million). The VN30 basket, comprising the 30 largest capped stocks, saw 10 tickers gained. VIC of private conglomerate Vingroup rose 4.1%, followed by BCM of Becamex Investment and Industrial Development with a 3.4% increase. VRE of retail real estate arm Vincom Retail rose 2.6% and VPB of private lender VPBank closed 2.4% higher. Fourteen blue chips fell. CTG of state-owned lender VietinBank lost 2.6% and SSI of leading brokerage SSI Securities Corporation dropped 1.5%. Foreign investors were net sellers to the tune of VND537 billion, mainly selling CTG and VCI of Viet Capital Securities. The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.79% while the UPCoM-Index for the Unlisted Public Companies Market gained 0.38%. … [Read more...] about VN-Index steadies after stormy week
$84 million freeze-dried instant coffee facility inagurated in Binh Duong
The new facility was established to meet rising global demand for instant coffee, particularly more premium freeze-dried instant coffee. The facility’s product offering is tailored to meet the preferences of consumers across established markets, such as Europe, and emerging markets in Asia. Members of LDC and Instanta’s global and regional senior management, as well aslocal government representatives, on hand to open the facility. According to Ben Clarkson, LDC’s Global Head of Coffee, the venture with Instanta supports global strategy to diversify through more value-added products, reflects ongoing commitment to Vietnam as a key market for LDC, and complements the existing global robusta green coffee business, expanding the product portfolio to meet customers’ needs. "Leveraging expertise in coffee sourcing in Vietnam and an extensive global network, combined with Instanta's leadership in the instant coffee business, ILD Coffee Vietnam is well positioned for … [Read more...] about $84 million freeze-dried instant coffee facility inagurated in Binh Duong
Breakfast @ Tuoi Tre News – September 30
Check out the latest news in Vietnam today: Society -- Water levels in rivers across Vietnam’s Can Tho City have risen over the past few days due to high tide and are expected to peak at 2.10-2.15 meters from 5:00 am to 6:00 am and from 4:00 pm to 6:00 pm between Saturday and Monday next week, according to the municipal weather center. -- At least three people died and three others required emergency medical treatment in a head-on collision between two motorcycles on Friday evening in northern Ha Giang Province, with two of them confirmed dead on the spot, according to the Traffic Police Department under the Ministry of Public Security. -- The Asia-Africa-Europe 1 (AAE-1) undersea communication cable encountered a problem on Wednesday this week, thereby affecting Internet connection from Vietnam to Singapore, according to Vietnamese telecommunication carriers. -- Ho Chi Minh City needs from 75,500 to 81,500 employees in various sectors including trade, real estate, … [Read more...] about Breakfast @ Tuoi Tre News – September 30
SkyX Solar steers sustainable shifts with green IZ and certification in Vietnam
An example of a SkyX Solar collaboration with An Phat At a seminar from September 12 to 17, held by the World Sports Goods Industry Federation and the Vietnamese Delegation in Geneva, distinguished brands like Adidas and Decathlon spotlighted Vietnam's crucial role in sustainable manufacturing, praising its robust workforce and rapid assimilation of advanced technologies. Leveraging its National Strategy for Green Growth 2021-2030, Vietnam is making substantial strides towards its sustainable development goals, with an emphasis on evolving its textile and footwear industries by 2035 to align with a circular economic model. This commitment resonates deeply with international sustainability standards, enhancing Vietnam's influence in the sustainable supply chain sector. The role of green certificates – which are emblematic of sustainable and responsible production and the use of renewable energy – is becoming increasingly crucial in today’s market. These certificates are … [Read more...] about SkyX Solar steers sustainable shifts with green IZ and certification in Vietnam
Vietnam is lacking in green buildings: construction official
Vietnam is home to over 300 green buildings, but that figure is much lower than the country's potential, according to a construction official at the Vietnam Green Building Week 2023. Themed 'Green Building Development Promotes Green Transformation in Construction Industry: Opportunities and Challenges,' the event was held by the Ministry of Construction in coordination with other units on Thursday in Ho Chi Minh City, Speaking at the event, Nguyen Tuong Van, Deputy Minister of Construction, said that state management agencies have encouraged businesses to develop green buildings on a voluntary basis and Vietnam has yet to introduce mandatory regulations on green building development. Currently, the country is home to about 300 green buildings with a combined floor space area of 7.2 million square meters. These green buildings include hotels, shopping malls, workshops, offices, and the headquarters of state agencies. Van revealed that Ho Chi Minh City took the lead in the … [Read more...] about Vietnam is lacking in green buildings: construction official
New tourism industry summit set for October
The event is being organised by the Vietnam National Entrepreneur Association in collaboration with the Vietnam National Administration of Tourism - the Ministry of Culture, Sports and Tourism and reputable businesses in the tourism industry. Dr. Dinh Viet Hoa, president of the Vietnam National Entrepreneur Association and head of the organising committee said, "This summit will introduce opportunities and solutions for comprehensive tourism development, along with innovative technologies and training to guide tourism business activities." “The event is a response to government policies that aim to support startups and develop small and medium-sized enterprises in the tourism ecosystem,” Hoa added. Dr. Vu Tien Loc, chairman of the Vietnam International Arbitration Centre and honorary president of the Vietnam National Entrepreneur Association, said, "Tourism plays an important role in the economic and social development of countries around the world. Resolution … [Read more...] about New tourism industry summit set for October
Insights into Vietnam’s first AI-driven sales season
Khoi Le, country director for Vietnam, Meta Clearly, these mega sales are here to stay as the Asia-Pacific region, including Vietnam, recorded the highest sales day participation rate last year. Meta’s Seasonal Holidays Study survey indicated that up to 71 per cent of Vietnamese shoppers shop early to get significant discounts and 65 per cent are driven to participate in mega sales by the low prices and discounts on offer, which demonstrates their caution and the importance of sales during the current economic uncertainty. 58 per cent of shoppers increased their spending during this year's Lunar New Year holiday, showing an increase in spending of approximately $30 (VND700,000) on-year. It’s interesting to note that shoppers in Asia-Pacific are still spending despite caution around the global economy, and they’re more open to discovering new products and services during the sales season. This means businesses will need to rely on supercharging discovery more than ever. Our … [Read more...] about Insights into Vietnam’s first AI-driven sales season