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
Canada looks to ride out Trump trade storm
Canadian Prime Minister Justin Trudeau addresses a press conference at the conclusion of the G7 summit in La Malbaie, Quebec, on Jun 9, 2018. (AFP/Lars Hagberg) Trudeau struck a steady-as-he-goes pose after Trump's latest dig, telling reporters, "I'm going to stay focused on defending jobs for Canadians and supporting Canadian interests." And Foreign Minister Chrystia Freeland, who is traveling to Washington on Wednesday to try to salvage the North American Free Trade Agreement, also emphasised the need for calm. "From day one, we have said that we expected moments of drama and that we would keep calm and carry on throughout this drama," she said. But a source close to Trudeau told AFP Canada was "prepared for all eventualities." "If the US decides to apply new tariffs, Canada will be ready," the official said. Bitter differences over trade dominated the summit Trudeau hosted over the weekend, with leaders of the world's largest economies lining up against Trump's threats to impose … [Read more...] about Canada looks to ride out Trump trade storm
Trump sees media bias in handling of ‘Roseanne’ cancellation
Trump sees media bias in handling of 'Roseanne' cancellation LOS ANGELES (REUTERS) - U.S. President Donald Trump on May 30 suggested an executive behind ABC’s cancellation of sitcom “Roseanne” was biased while the White House said it did not defend comedian Roseanne Barr’s racist tweet that sparked the decision. Barr sparked widespread anger with a tweet on Tuesday comparing black former Obama administration adviser Valerie Jarrett to an ape. Barr wrote in a now-deleted message that if the Islamist political movement “muslim brotherhood & planet of the apes had a baby = vj.” The tweet led the ABC network, owned by Walt Disney Co, to cancel its hit revival of her “Roseanne” sitcom. Trump has cited the programme’s popularity as evidence that his supporters, who include Barr, want shows that speak to their concerns. Jarrett said on Tuesday that Disney CEO Bob Iger called her before ABC announced the show’s cancellation. … [Read more...] about Trump sees media bias in handling of ‘Roseanne’ cancellation