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
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
Social News 20/5
Older population in need of financial assistance Almost half of the population aged 60 and above in Viet Nam is not eligible for social subsidies or participate in the country's social insurance programme. This was among the main concerns raised by participants during a May 19 conference in Ha Noi entitled, "Financial Security of Older Women" and co-organised by the Vietnam National Committee for the Elderly, the United Nations Population Fund (UNFPA) and the Singapore-based Tsao Foundation. Government statistics last year indicated there were more than 9.5 million elderly aged 60 and above. Of these, only 1.4 million received financial assistance for their contribution to the country's revolutionary wars. Another 1.4 million were entitled to the Government financial assistance programme for the elderly aged 80 and above, which begins by providing VND180,000 a month (US$8.5). Another two million were eligible to receive pensions, while support was given to 95,000, being provided … [Read more...] about Social News 20/5
Execution of U.S. journalist reveals the changing business of war coverage
A chilling video showing the execution of journalist James Foley by Islamist militants marks the second time an American reporter has been beheaded by captors overseas, echoing the murder of Wall Street Journal correspondent Daniel Pearl in Pakistan in 2002. While Pearl worked for one of the largest news organizations in the world, Foley was on assignment for GlobalPost, an online news startup with about 28 full-time staffers that is trying to survive as a small, independent outlet. The contrast underscores the changes that have been buffeting the news business, which in recent years has seen big staff reductions and fewer journalistic resources devoted to international coverage, including wars. At least 20 U.S. newspapers that once maintained bureaus abroad, including The Baltimore Sun, Los Angeles Times and The Boston Globe, have closed bureaus and scaled back foreign coverage, according to Pew Research Center. On the evening newscasts at the major U.S. networks ABC, NBC and CBS, … [Read more...] about Execution of U.S. journalist reveals the changing business of war coverage