Danang to promote investment in hi-tech sectors Employees work at an automobile assembly and manufacturing plant in Danang’s Hoa Khanh Industrial Park in this file photo. Danang’s enterprises are being urged to suggest ideas for attracting investment in hi-tech sectors at an upcoming conference, scheduled for March 1 – PHOTO: VGP The central coastal city of Danang has urged local firms to pose ideas at an upcoming conference, scheduled for March 1, for attracting foreign direct investment (FDI) in sectors leveraging hi-tech applications in the 4.0 era, the Government portal chinhphu.vn reported, citing the municipal People’s Committee. The municipal government on February 20 stated that the city will prioritize receiving FDI capital for the field of hi-tech agriculture to achieve sustainable growth, alongside other hi-tech-deploying sectors. It will also prepare feasible projects to attract investors from Japan, South Korea and the United States, according to … [Read more...] about BUSINESS NEWS IN BRIEF 23/2
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BUSINESS NEWS IN BRIEF 15/1
Azerbaijani investors eye Vietnamese marketAzerbaijani investors with strong financial capacity and professional performance are keen on landing investments in Vietnam, has said Anar Imanov, Azerbaijani Ambassador to Vietnam.In his remarks at a recent workshop themed “Meet Azerbaijan” in Hanoi, the Azerbaijani Ambassador highlighted Azerbaijani enterprises' advantage of plentiful capital and practical experience in implementing projects in Europe, adding that many are seeking investment opportunities in Vietnam.As one of the world’s leading crucial oil and gas producers and suppliers, Azerbaijan also has great potential to boost its bilateral cooperation with Vietnam in three key fields, including tourism, logistics, and agriculture. The diplomat cited a FAM tour jointly held by the Azerbaijan Embassy in Vietnam and Qatar Airways last year as a big effort to bolster tourism cooperation between the two countries.The FAM tour provided many Vietnamese tourism … [Read more...] about BUSINESS NEWS IN BRIEF 15/1
Wall Street roars back to life in best session in nine years
Wall Street stocks shook off four straight routs following strong retail sales data and White House reassurances that Fed Chair Jay Powell won't be fired. Traders work on the floor of the New York Stock Exchange. (Source: AP Photo/Richard Drew) NEW YORK: Wall Street stocks roared back to life on Wednesday (Dec 26), shaking off four straight routs following strong retail sales data and White House reassurances that Fed Chair Jay Powell won't be fired. The Dow Jones Industrial Average finished up 1,086.25 points (4.95 per cent) at 22,878.45. The broad-based S&P 500 surged 116.59 points (4.96 per cent) to 2,467.69, while the tech-rich Nasdaq Composite Index advanced 361.44 points (5.84 per cent) to 6,554.36. The US gains were the biggest for a single session on Wall Street in nine years, a surge analysts attributed in part to technical factors after days of selling. "It's coming off of oversold conditions and it was frankly due for a bounce," said Matt Miskin, market … [Read more...] about Wall Street roars back to life in best session in nine years
US lawmakers home for Christmas, govt workers unpaid on shutdown Day 3
The standoff which the White House budget director said may continue until a new Congress takes over in January. The shutdown adds to uncertainties from Washington which have spooked global stock markets, and capped a tumultuous week in which Defense Secretary Jim Mattis resigned over Trump's foreign policies. More than 400,000 federal employees are reporting to their jobs on Monday but won't get their salaries, while nearly 400,000 others "will be locked out of work with no pay," the American Federation of Government Employees union said. "No private business or company would be permitted to impose on or disrupt the lives of their employees in such a manner," the Federation said in letters to the Senate and House of Representatives. About three-quarters of the government, including the military, is fully funded through September 2019 but the shutdown forced several other major agencies to cease operations from Saturday. A deal to end the funding shortfall appears a distant prospect as … [Read more...] about US lawmakers home for Christmas, govt workers unpaid on shutdown Day 3
VN firm inks deal with Singaporean investment corporation
Gia Phú International is one of the leading corporations in the field of business and financial investment. The firm has been investing in Việt Nam since 2014. — Photo nhadatnhabe.com.vnViet Nam News HÀ NỘI — Việt Nam’s ABC International Corporation and Singapore-based Gia Phú International Pte. Ltd. have signed a strategic co-operation agreement to boost business development and implement projects across Southeast Asia. Under the agreement signed late last week, both companies will be able to set up companies or investment funds for business development and acquisitions. The parties will also jointly operate projects in the fields of infrastructure, petroleum, renewable energy, manufacturing, tourism, biotechnologies and financial services in Việt Nam as well as Southeast Asia. ABC and Gia Phú will use their accumulated capital, experience and technical expertise to … [Read more...] about VN firm inks deal with Singaporean investment corporation