Hong Kong calls for investment from Vietnam Hong Kong is currently an ideal destination for Vietnamese firms to expand operations abroad, heard a round-table seminar in Ho Chi Minh City on August 13. Vo Tan Thanh, Director of the Vietnam Chamber of Commerce and Industry (VCCI)’s Ho Chi Minh City Branch, held that Vietnam and Hong Kong are key major trade partners of each other with bilateral trade reaching 9.2 billion USD in 2017, up 22 percent from 2016. As of June 2018, Hong Kong was the sixth largest foreign investor in Vietnam with a total capital of nearly 19 billion USD, he said. With the ASEAN-Hong Kong free trade agreement, trade and investment between Vietnam and Hong Kong are both expected to grow fiercely in the near future. Vietnam is encouraging firms to expand investment abroad to popularise Vietnamese products across the world. Thanh hailed Hong Kong as a free, developed economy with a strategic location, modern infrastructure, and large capital … [Read more...] about BUSINESS NEWS IN BRIEF 14/8
Technical and vocational training corporation
Da Nang introduces exclusive offers to woo investors
A view of the central city of Da Nang. (Photo: VNA) Da Nang (VNA) – The central city of Da Nang has introduced a number of open-door policies to lure investors in 2018, which has been set by the city as a year of investment attraction. Accordingly, investors setting up new projects at Da Nang Hi-tech Park will be subject to a favourable corporate income tax (CIT) rate of 10 percent for 15 years, compared to the standard rate of 20 percent. Those investors with projects valued at 3 trillion VND (133 million USD) or more will enjoy the preferential CIT rate for 30 years. Other specialised incentives include a four-year tax exemption and a 50 percent cut in income tax for the following nine years for new projects in the high-tech park. At Da Nang IT Park, domestic investors will be offered land-use fee exemptions, with foreign investors given land-rent exemptions, for the operation of projects involving initial construction of technical infrastructure in the area. Projects in … [Read more...] about Da Nang introduces exclusive offers to woo investors
Vietnam ready to contribute to CLMV cooperation: Prime Minister
Prime Minister Nguyen Xuan Phuc at the event (Photo: VGP) Attending the 9th Cambodia-Laos-Myanmar-Vietnam Summit (CLMV 9) in Bangkok, Thailand on June 16, PM Phuc said Vietnam will help the countries attend big trade fairs in Vietnam, build e-government, improve digital capacity and skills, and continue to provide CLMV scholarships for Cambodian, Lao and Myanmar students. He stressed that narrowing the development gap within the ASEAN is significant to the socio-economic development in Cambodia, Laos, Myanmar and Vietnam as well as to stability and prosperity of ASEAN as a whole. The Prime Minister said there are three points worth of attention in order to achieve the best outcomes in CLMV cooperation. First of all, the cooperation should focus on sectors which are the strength of the concerned countries with high feasibility, especially in the context of limited resources and the four countries’ participation in various Mekong mechanisms. He pinpointed some examples such as … [Read more...] about Vietnam ready to contribute to CLMV cooperation: Prime Minister
Preparing high quality human resources to meet the 4.0 “playing field”
The context of integration and the trend of the fourth industrial revolution are opening up many opportunities for Vietnamese enterprises, but they can only seize the opportunities if the human resources meet the requirements. Facing the current inadequacies in the quality of human resources, many experts have said that enterprises need to apply technology solutions to training and quickly improve the quality of human resources. The trend of training in enterprises is gradually moving from traditional training to online training by shortening the geographical distance and training times, and saving the cost of organizing classes The 2017 Provincial Competitiveness Index (PCI) report by the Vietnam Chamber of Commerce and Industry (VCCI) shows that 69 percent of FDI enterprises in Vietnam are facing difficulties in recruiting skilled technicians to serve their production and business activities. The report also showed that the quality of human resources in Vietnam has not … [Read more...] about Preparing high quality human resources to meet the 4.0 “playing field”
Social News 5/4 (Hourly Updated)
Twenty-seven more communes and wards this year join family medical practice A health staff member takes blood for testing at An Hòa ward health station in Cần Thơ City’s Ninh Kiều District. Source http://soytecantho.vn The Department of Health in the Mekong Delta city of Cần Thơ this year plans to expand a model of family medical practice clinics to 27 more communes and wards. Family medical practice clinics aim to provide comprehensive and continuous health care services to each local individual and family in order to reduce overcrowding of patients at city or central-level hospitals. These clinics are located at health stations in communes and wards. Each commune or ward has one health station. Cần Thơ aims to equip more than 80 per cent of its 85 health stations with these clinics by 2020. According to Dr Bùi Thị Lệ Phi, the department’s head, the city now has 18 commune-based health stations with family … [Read more...] about Social News 5/4 (Hourly Updated)