Supporting industries

An Phat High-Tech Industrial Park No. 1, a member of An Phat Holdings (APH), will be the developer of the industrial park. The leader of Hai Duong Province grants the Prime Minister's investment approval for An Phat High-Tech Industrial Park No. 1. Photo by APH. An Phat High-Tech Industrial Park No. 1 will cover 180 hectares of Quoc Tuan, An Binh and An Lam communes, Nam Sach District, northern Hai Duong Province. The project aims to invest in construction and commercial exploitation of the industrial park and attract high-tech and environmentally friendly investors. "An Phat 1 has many advantages to attract investment such as strategic location, human resources, and prospect to become a promising industrial park of both size and scale," said an official from Hai Duong. "I hope An Phat Holdings and Hai Duong Management Board of Industrial Zones will focus on site clearance, infrastructure development, together with attracting investment, building a high-tech industrial park, meeting the demand of high-technology industries, especially supporting industries." Pham Van Tuan, Acting Deputy CEO of APH and General Director of An Phat 1, introduces the industrial park. Photo by APH Pham Van Tuan, Acting Deputy CEO and General Director of An Phat High-Tech Industrial Park No. 1 JSC, said: "We will strive to develop An Phat 1 into a leading high-tech, environmentally friendly industrial park in the North, a destination attracting domestic and international investment and contribute to economic and social development, promoting industrial development in Hai Duong Province." Since 2017, An Phat Holdings has expanded into the industrial real estate sector. An Phat Complex Industrial Park was listed among the top 10 most profitable industrial real estate companies in Vietnam in 2019 after just over a year in operation. "Continuing the success of An Phat Complex Industrial Park, An Phat 1 Industrial Park is expected to bring great …

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Female workers in informal sectors in the cities of Da Nang and Hue will receive training support and funding to build back their livelihoods after the economic shock created by COVID-19 outbreaks in their cities. Participants at the event. Photo by the New Zealand Embassy The New Zealand Embassy and ActionAid Vietnam today launched a partnership to "Leave No One Behind in the Struggle Against COVID–19". The project will assist female workers in informal sectors of the economy in Da Nang and Hue. Leaders of the Department of Foreign Affairs (DOFA) of Thua Thien Hue Province, the Department of Labour, Invalids and Social Affairs (DOLISA) of Da Nang City and the Centre for Community Development and Social Work - CODES participated the launch. The New Zealand Embassy will provide NZD 50,000 (approx. VND 790,000,000) to the project, which aims to reach more than 350 women workers in informal employment as street vendors, junk collectors, or housemaids, over the coming 3 months. Underscoring the importance of this project in the larger programme of support by New Zealand to Vietnam, New Zealand Chargé d'Affaires Joseph Mayhew said, “This is a practical initiative to help ease the economic impacts of COVID-19 and strengthen the resilience of more than 350 women workers, and their families, in Da Nang and Hue’s informal sectors. I believe that supporting women workers in sectors that are hardest hit by the pandemic is a vital component of robust, inclusive, and equitable recovery.” The COVID-19 pandemic has disrupted Vietnam's tourism industry, with Da Nang and Thua Thien Hue, the two major international tourism hubs particularly affected. The project includes training on household economic literacy and management, women’s rights and child nutrition. The financial support can be used to purchase food, living essentials or small livelihood options. According to ActionAid Vietnam’s recent research, more than 90% of tourism sector workers lost …

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Shares cut early gains to end lower as bank stocks decline Vietnamese shares trimmed early gains on Monday with the VN-Index closing lower as banking stocks came under selling pressure towards the final minutes of trading. The benchmark VN-Index on the Ho Chi Minh Stock Exchange edged down 0.04 per cent to close at 1,168.27 points. It had risen 0.02 per cent last week. More than 652.7 million shares were traded on the southern bourse, worth VND15.6 trillion (US$673.9 million). Market breadth was positive with 274 gaining stocks and 183 losers. After the lunch break, the market fluctuated in a quite negative direction as many banking stocks dropped sharply and pushed the VN-Index down to the reference level. Asia Commercial Bank (ACB) fell 2 per cent to VND31,800 per share, VPBank (VPB) lost by 1.1 per cent to VND41,350 per share, Vietcombank (VCB) declined by 1.5 per cent to VND95,200 per share and Techcombank (TCB) dropped by 0.9 per cent to VND38,850 per share. On the opposite side, the oil and gas sector increased, becoming one of the best-performing sectors in Viet Nam on Monday, data on vietstock.vn showed. Vietnamese oil and gas stocks grew well, including PetroVietnam Gas JSC (GAS), Viet Nam National Petroleum Group (PLX), PetroVietnam Drilling & Well Services Corporation (PVD), PetroVietnam Power Corp (POW), and PetroVietnam Technical Services (PVS). “The market was moving sideways around 1,168 points. Liquidity increased slightly from the previous session and market breadth was positive, showing that investment cash flow is spreading,” said BIDV Securities Co. “Foreigners were net sellers on both HoSE and HNX. The VN-Index is likely to consolidate in the range of 1,160-1,200 points in the coming sessions,” said the company. Foreign investors net sold VND1.25 trillion on HOSE, including PVPower (POW) (VND212.8 billion), Vinamilk (VNM) (VND203.9 billion) and Hoa Phat Group (HPG) (VND171.5 billion). Foreigners were net sellers on …

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