Illustrative image (Photo: VNA) Hanoi (VNA) – A seminar promoting investment to high-tech industry is scheduled to take place in Hanoi on January 14 in a bid to draw foreign investment to the field in Vietnam. The event will be hosted by the Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade. It is designed to attract investment in line with economic growth orientations of Vietnamese localities, industrial parks and businesses, as well as help domestic enterprises access high technologies and join the global value chain. Vietrade also plans various programmes to facilitate businesses, especially small- and medium-sized enterprises in exports and brand development through e-commerce. Particularly, the agency will join hands with Amazon Global Selling on the company’s international marketplace programme. Vietrade General Director Vu Ba Phu said after 30 years, foreign direct investment (FDI) sector has become an important part in … [Read more...] about Vietnam works to draw foreign investment to hi-tech industries
Tech industry
Foreign investors gear capital to high-tech industries in Vietnam
The Hanoitimes - The government’s plans to improve the quality of FDI inflows have brought initial results with more foreign investors targeting to set up high-tech projects in the country. During a recent working session with authorities of southern Binh Duong province, Executive Managing Officer of Sharp Corporation Yoshihiro Hashimoto mentioned a plan to build a factory worth nearly US$2 billion to manufacture high-tech camera modules and smart phone screens in the province. Hoa Lac Hi-Tech Park sets to lure some US$1 billion of investment capital in 2018 In the first stage, Sharp plans to spend roughly US$300 million, about US$200 million of which will be for machinery and equipment. The location of the plant is under discussion. Le Hoai Quoc, head of the Saigon High-Tech Park (SHTP) management board, said many Japanese-invested projects will be licensed in the near future, notably a US$250 million investment in a complex featuring a high-tech hospital and a … [Read more...] about Foreign investors gear capital to high-tech industries in Vietnam
Vingroup to become tech-industry-service conglomerate
Viet Nam News HÀ NỘI — Leading real estate and retail conglomerate Vingroup signed agreements with the top 50 universities in Việt Nam on Tuesday as it aims to become an international-standard technology-industry-service business in the future. Vingroup has agreed to provide funding for university science-technology projects and co-operate with them in training and educational programmes to share ideas and lectures. In addition, Vingroup has committed to employing 100,000 technology students within the next 10 years. Vingroup on Tuesday signs partnership agreements with the top 50 technology universities in Việt Nam. — Photo Vingroup The activities are parts of the group’s plan to become an international-standard technology-industry-service conglomerate by 2028 with a focus on technology development and application. To achieve the target, Vingroup plans to improve the quality and efficiency of its service and trading segment. … [Read more...] about Vingroup to become tech-industry-service conglomerate
European firms give advice on Danang tourism, hi-tech industry
European firms give advice on Danang tourism, hi-tech industryBy Nhan Tam Denis Brunetti, co-chairman of the European Business Association in Vietnam, awards the 2018 White Book to Danang Chairman Huynh Duc Tho - PHOTO: NHAN TAM DANANG – Danang City should improve the infrastructure, regulations and human resources in the tourism and hi-tech sectors to attract European investors, said representatives of European firms at a dialogue held on June 14 in the city. The dialogue, together with a ceremony to introduce the 2018 White Book, were hosted by the European Chamber of Commerce in Vietnam (EuroCham) and its representative office in the central region, with the participation of representatives of more than 20 European enterprises and Danang officials. José Sánchez-Barroso, representative of EuroCham in Central Vietnam, noted that Danang has attracted a large number of Korean tourists; however, the city should diversify its tourism source markets to include … [Read more...] about European firms give advice on Danang tourism, hi-tech industry
Significant resources sought for high tech industrial production
(VEN) - Vietnam is seeking to apply the latest, cutting-edge science and technology, especially in industrial production, in order to increase product value and create improved competition capacity in the race to catch up with the fourth industrial revolution. Harnessing biotechnology According to the Department of Science and Technology under the Ministry of Industry and Trade, the power sector is one of the leading segments in the Vietnamese economy making productive use of high-tech know-how and technology developed abroad in the development of power sources and grid management and operations. The Ministry of Industry and Trade has provided support for other businesses seeking to undertake high-tech projects, such as the Saigon Industry Corporation’s (CNS) first chip manufacturing plant in Saigon Hi-tech Park and the Tran Hong Quan Trading Ltd Company’s US$575-million Dak Nong aluminum smelting plant. There are also high-tech projects harnessing the latest advancements … [Read more...] about Significant resources sought for high tech industrial production