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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

Ha Nam (VNA) - Authorities in the northern province of Ha Nam have set a target of creating 16,500 jobs and sending 1,000 workers overseas in 2021. The provincial Department of Labour, Invalids and Social Affairs will continue to coordinate with other agencies and organise events to introduce jobs to workers currently enjoying unemployment benefits. The department will also adopt measures to offer timely support to local enterprises facing problems in production and business, thus helping ensure stable employment. … [Read more...] about Ha Nam targets 17,500 new jobs in 2021

A wind power project in the Mekong Delta. The provincial government of Tien Giang has granted investment registration certificates to two wind power plant projects – PHOTO: VNA HCMC – The provincial government of Tien Giang has granted investment registration certificates to two wind power plant projects, namely Tan Phu Dong 1 and Tan Phu Dong 2, reported Bnews news site. … [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