Vietnam foreign investor

In an interview granted to the Vietnam News Agency in Prague, Dung said since the COVID-19 pandemic was brought under control, the traditional friendship and multifaceted cooperation between Vietnam and the Czech Republic have been thriving in all fields. The Czech Republic is highly interested in promoting relations with the Indo - Pacific, including Vietnam and some other ASEAN countries. He said the visit aims to continue effectively realizing the outcomes of previous visits, during which both sides will discuss measures to enhance political and diplomatic relations, maintain high-level exchanges, support each other at multilateral and international forums, effectively implement the E.U. - Vietnam Free Trade Agreement (EVFTA), and strengthen cooperation in trade and investment, national defense-security, sci-tech, education-training, culture, tourism, labor, and more. They will also debate the implementation of commitments, agreements and accords that have been signed, … [Read more...] about Foreign Minister’s Czech Republic visit reaffirms stronger ties: Ambassador

In a groundbreaking move, South Korean chip equipment giant Hanmi Semiconductor Co. has announced the introduction of its local arm, Hanmi Vietnam, according to newswire Kedglobal . Nestled in Bac Ninh, a city that doubles as the capital of Bac Ninh province, this subsidiary stands poised to revolutionise the semiconductor landscape. As Vietnam solidifies its reputation as a burgeoning production hub for global semiconductor behemoths, Hanmi Semiconductor's foray into the market could not be more timely. The company's CEO Kwak Dong-shin emphasised the company's commitment to providing tailored services to Vietnamese consumers through its local subsidiary and a team of expert sales and service engineers. Founded in 1980 to boost the development of South Korea's semiconductor-based industry, Hanmi Semiconductor has grown steadily into a world-class semiconductor manufacturer, and is now a leading designer, developer, and manufacturer in the semiconductor equipment industry. … [Read more...] about Hanmi Semiconductor spreads wings in Vietnam

Stemming from Resolution No.90/CP in August 1997 on the direction and policy of promoting private engagement in educational, medical, and cultural activities, Vietnam has a proud history of crafting policy on the nation’s health. They include legislation on development of non-public service providers, as well as encouraging private investment in education, vocational training, sports, the environment, and lots more. Prof. Dr. Nguyen Van De - chairman of the Vietnam Private Hospital Association Over the past decade or two, these policies have been updated and amended in order to strengthen Vietnam’s framework in this area. These policies have created favourable conditions for localities to organise, apply, implement, and have clear and transparent mechanisms and policies, especially administrative reform in attracting investment for health projects. More importantly, we have attracted many resources, specifically from businesses and capable investors both at home … [Read more...] about Modern policy for private hospitals

The plan introduces several key takeaways for investors and financiers interested in the Vietnamese power sector. One notable aspect is the encouragement of rooftop solar and other renewable energy projects for self-consumption, without the need to connect to the national grid. This presents a favourable environment for investors keen on renewable energy opportunities. Chan Hong and Vi Nguyen Lawyers, Dentons LuatViet In addition, the Ministry of Industry and Trade (MoIT) has been tasked to prepare and submit to the government and National Assembly in 2024 the draft of the amended Law on Electricity, which will reflect and actualise objectives and planning under the PDP8 and the draft of the Law on Renewable Energy. These amendments will address key aspects such as the mechanism of auctions and bidding for the selection of investors and determination of tariffs. Investors shall be prepared and be alerted that the power sector in Vietnam would be entering into a … [Read more...] about Power plan a leap in the right direction for 2050 ambitions

Minister of Science and Technology Huynh Thanh Dat take the floor at the session (Photo: VNA) Hanoi (VNA) – National Assembly (NA) Chairman Vuong Dinh Hue has emphasised the need to build mechanisms and policies to encourage firms’ investment in science and technology and promote the connection with domestic and foreign sci-tech research organisations and overseas investors. The top legislator made his recommendation while concluding the June 7 question-and-answer session on sci-tech matters of the ongoing 15th National Assembly’s fifth sitting in Hanoi. In his conclusion, Hue said of 92 deputies registered to question Minister of Science and Technology Huynh Thanh Dat , 32 delivered their queries within the course of the session. The NA Chairman asked the Government, Minister Dat, and other ministers involved to take into account comments of the deputies and drastically carry out measures to tackle the sector’s existing shortcomings. According to Hue, the … [Read more...] about Mechanism needed to encourage investment in sci-tech sector: top legislator

The construction ministry has raised two reasons for the non-disbursement of the credit package of VND120 trillion (US$5.14 billion) launched by the government about two months ago for developing projects to build social houses and houses for workers, and upgrade deteriorated apartment buildings. In a recent report to the Prime Minister in relation to the credit package, the ministry said around 100 projects for building social houses and houses for workers have been licensed for construction but local authorities have yet to publicly announce lists of specific projects. Therefore, banks related to this package have not been able to provide loans sourced from this package to investors and buyers in such projects, the ministry said. The second reason that blocked the disbursement of the package is that most of these projects have yet to be ready for implementation as they remain in the completion stage for investment procedures. Earlier, at a recent conference on building one … [Read more...] about Construction ministry explains why $5.14bn credit package yet to be disbursed