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
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
Hell in Paradise: fire crews in grim search for California’s dead
Firefighters took advantage of a brief calm overnight to make headway against the multiple blazes, but conditions were expected to be hellish on Sunday with winds reaching as high as 70 miles (110 kilometers) an hour. In fire zones north and south, acrid smoke blanketed the sky for miles, the sun barely visible. On the ground, cars caught in the blaze were reduced to mangled metal carcasses, while power lines were gnawed by the flames. The largest inferno, the so-called "Camp Fire" in the northern foothills of the Sierra Nevada mountains, has destroyed 6,700 homes, business and other buildings in the town of Paradise, effectively wiping it off the map. At least 23 people have lost their lives in and around the community of 27,000, according to an official count by authorities. An AFP journalist in Magalia, a 10-mile drive north of Paradise, saw workers from a local mortuary team recover another body which was put into a blue bag and loaded onto a hearse. Only two Californian wildfires … [Read more...] about Hell in Paradise: fire crews in grim search for California’s dead
BUSINESS NEWS IN BRIEF 26/8
SCB signs deal with three Hong Kong banks Saigon Joint Stock Commercial Bank (SCB) and three Hong Kong banks on Monday signed a co-operation agreement on syndicated credit financing. Under the agreement, SCB, Hang Seng Bank Limited, Chong Hing Bank Limited and The Bank of East Asia Limited committed to support financial investment and ensure a stable financing source for Union Square Company Limited, which operates in the field of real estate. The signing was made within the framework of an investment development co-operation event held by the Viet Nam Chamber of Commerce and Industry (VCCI) in co-ordination with Hong Kong Trade Development Council (HKTDC) in HCM City on Monday. Also at the event, the four banks signed a strategic agreement for comprehensive and long-term co-operation in exchanging experience on investment and financial management, increasing business relations, conducting research and investment, and especially providing credit to local and foreign … [Read more...] about BUSINESS NEWS IN BRIEF 26/8