Participants in the event debuting the club of overseas Vietnamese intellectuals in New South Wales on May 18, 2018 (Photo: VNA) Hanoi (VNA) – Vietnamese intellectuals in the Australian state of New South Wales will engage in many activities at hi-tech parks in Vietnam on March 26 and 27 so as to seek ways to apply their researches’ outcomes in the homeland. Those activities are part of a cooperation programme on technological application between the University of Technology Sydney (UTS) and the Vietnam National University, Hanoi. The overseas intellectuals in New South Wales are building partnerships with science-technology businesses at Vietnamese hi-tech parks to apply scientific and technological advances. They are also working to launch joint research projects in Vietnam. Nghiem Duc Long, Director of the UTS’s Centre for Technology in Water and Wastewater and head of the overseas Vietnamese intellectuals’ club in New South Wales, said in … [Read more...] about Expats in Australia help with sci-tech application in homeland
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Sci-tech starring in industry spotlight
Driven by Vietnam’s policies and market demands, foreign direct investment flows into sci-tech have grown significantly in recent years, becoming one of the hottest investment trends – even while FDI leaders manufacturing and processing, and real estate claim the most attention. Thuy Nguyen reports. Strong FDI inflows in recent years have helped strengthen the sci-tech sector in Vietnam - Photo Le Toan Billion US-dollar projects licensed in 2015-2016 -In 2015, Samsung Display Vietnam was licensed to add $3 billion to an existing $1 billion project in Bac Ninh. The project began operation in 2015. -The $2.4 billion Duyen Hai 2 thermal power plant project, invested by Janakuasa Sdn. Bhd-Malaysia in Tra Vinh, was licensed in 2015 and began construction in early August 2016. -The $1.2 billion Empire City project, invested by the UK's Denver Power Ltd, started construction in Ho Chi Minh City in late 2015. The property project is expected to be completed in 2022. … [Read more...] about Sci-tech starring in industry spotlight
FIEs make most hi-tech products in Vietnam
FIEs make most hi-tech products in Vietnam Lan Nhi HANOI - Nearly VND10 trillion was spent between 2011 and 2015 on science and technology development at the national level, yet most of the value of high-tech products and applications in Vietnam was generated by foreign-invested enterprises (FIEs). These figures are given in a report on “Effective implementation of policies and laws on science and technology development to promote industrialization and modernization in 2005-2015 and the orientation for the coming period” done by a supervision group of the Standing Committee of the National Assembly and published on Tuesday. The results show that the value of high-tech products and applications made a greater contribution to GDP in 2011-2013, going up from 11.7% to 19.1% and 28.7%. However, most of this value was generated by FIEs. In 2011-2014, innovation of technology and equipment grew at an annual pace of 10.68%, meeting the strategic objective of 10-15% for … [Read more...] about FIEs make most hi-tech products in Vietnam
US investor eyes hi-tech hospital in HCM City
The US’s Quantus, Inc is planning to invest in a hi-tech hospital at Saigon Hi-Tech Park (SHTP) in Ho Chi Minh City’s District 9. Ms. Nguyen Thi Minh Thu, Head of the Investment Promotion Department at SHTP, confirmed with VET that the US company signed a memorandum of understanding (MoU) with SHTP’s Management Board on the investment a few days ago. “The project’s total capital is expected to be around $500 million and construction will be carried out in two phases,” said Mr. Alex C. Park, Vice Chairman and General Counsel of Quantus, Inc. “The investor will complete investment procedures by the end of this month,” Ms. Thu said. “They hope to receive the investment certificate before the end of the year.” According to SHTP, the project will have a 25-storey and 12-storey building on an area of 7 ha, with a hi-tech hospital, a life science research and development institute, a residential area for patient relatives, a VIP … [Read more...] about US investor eyes hi-tech hospital in HCM City
Foreign garment, textile tech companies bank on Vietnam
Foreign companies providing technology solutions for textile, garment, and footwear production have been increasingly active in Vietnam, taking advantage of the expected growth of the industry. On July 7, French company Lectra announced the opening of its subsidiary Lectra Vietnam. Lectra, which provides technology solutions dedicated to industries using fabrics, leather, technical textiles, and composite materials, has been present in the country for over 20 years, represented by its agent Ly Sinh Cong Trading Service Company (LSC) for the past twelve years. The new subsidiary will take over LSC's team and assets. According to the company, this represents a key step in Lectra’s development plan in Asia. “Vietnam is one of the most dynamic Southeast Asian economies. It is a top choice for manufacturers who focus on production cost and brands seeking to diversify supply. The Trans-Pacific Partnership (TPP) agreement signed in February 2016 will reinforce the attractiveness … [Read more...] about Foreign garment, textile tech companies bank on Vietnam