Top notch enterprises

Hanoi (VNA) – Politburo member and Secretary of Hanoi’s Party Committee Vuong Dinh Hue asked foreign hi-tech groups to consider investing in the city’s existing industrial zones, including the Hoa Lac Hi-Tech Park, while receiving representatives from FDI enterprises operating in the high technology industry on January 19. Hue encouraged the Kinh Bac City Development Holding Corporation (KBC) to invest in industrial zones in Soc Son and Dong Anh districts to attract more foreign businesses. He expressed his hope that major technology groups will set up search and development (R&D) and innovation centres in Hanoi in the way the Republic of Korea’s Samsung Group has done. The official highlighted the fact that the capital city is home to 82 percent of universities, 65 percent of scientists and 80 percent of key scientific and technological research potential of the country. At the working session, leading officials of Heesung Electronics, Goertek … [Read more...] about Hanoi calls on foreign firms to invest in industrial zones

At a recent employment session held by the Department and the Ha Nam Employment Service Centre, 47 businesses recruited 6,600 workers. According to Director of the Ha Nam Employment Service Centre Nguyen Quang Tuan, no enterprise in the province went bankrupt due to COVID-19. The province also sees increasing recruitment demand because a large number of new enterprises being established while existing enterprises expand production. The department has advised the provincial People’s Committee to synchronously and effectively implement policies, programmes, and schemes to create jobs and support young people in finding employment and starting a business, especially disadvantaged workers. Attention will also be paid to promoting career guidance as well as improving the quality of human resources training. Ha Nam created 23,300 new jobs last year, while more than 25,670 workers found jobs. Local authorities also issued work permits to 251 foreigners working at local … [Read more...] about Ha Nam targets 17,500 new jobs in 2021

Regarding the Tan Phu Dong 2 plant, its turbines will be built in Tan Thanh Commune, Go Cong Dong District, with a total area of approximately 10.25 hectares and total investment of over VND2.24 trillion. The 50-MW plant is projected to supply some 153 million kWh of electricity per year. … [Read more...] about Tien Giang approves two wind power plant projects

Mentioning existing shortcomings, the Government leader called attention to lessons to prevent inflation and bad debts as well as mechanisms to turn science-technology and innovation into a driving force to improve labour productivity and competitiveness. Links between foreign-invested and domestic firms remain loose while the rate of domestically-made products in automobiles and electronics is still low. … [Read more...] about PM asks experts to study new driving force for development

According to draft regulations on the implementation of the new Law on Securities, issuers of public bonds, whose total bonds outstanding as of the registration of public bond issuance is greater than 100 percent of equity and whose total bond issuance value in the last 12 months is greater than 50 percent of equity, must perform a credit rating. These regulations will create demand for using credit rating service and encourage development of a credit culture. … [Read more...] about Vietnam primed for credit rating agency to boost bond market