Currently, the Dung Quất economic zone and Quảng Ngãi Province’s industrial parks have 279 projects in force, of which 181 are involved in industrial production. — Photo baomoi.comViet Nam News QUẢNG NGÃI — Six enterprises from the Republic of Korea on Wednesday officially held a groundbreaking ceremony at the Dung Quất Economic Zone and received investment certificates from the central province of Quảng Ngãi. The six firms include Samshin Valve Vina Co., Ltd.; Yoobong Vina Co., Ltd.; Wookwang Vietnam Co., Ltd.; Hanbit P&L Vina Co., Ltd.; Nasan Vietnam Electric Industries Co., Ltd. and Kwang Jin Vietnam, with total investment of more than US$11 million. These six companies will be established on a total area of 65,022sq.m and will soon become a new industrial complex that could attract hundreds of local workers. Once operational, they will provide packing and logistics services as well as manufacture … [Read more...] about Six South Korean firms invest in Quảng Ngãi
Investing
City to report to PM on Metro line No. 1 investment surge
Infrastructure City to report to PM on Metro line No. 1 investment surge The Saigon Times Daily Wednesday, Aug 22, 2018,14:45 (GMT+7) City to report to PM on Metro line No. 1 investment surgeThe Saigon Times Daily A section of metro line No. 1 in District 2 - PHOTO: THANH HOA HCMC - The HCMC government will submit to the Prime Minister a report on cost overruns at the city’s first metro line project connecting Ben Thanh Market in District 1 and Suoi Tien Park in District 9. The required investment has been adjusted to more than VND47.3 trillion from the initial VND17.4 trillion, Thanh Nien newspaper reported. According to the HCMC Urban Railway Management Board, the report has been submitted to the Ministry of Transport. The metro line No. 1 project is 56% complete and is expected to be put into service in 2020. As for the second metro line project linking Ben Thanh Market and Tham Luong Depot in District 12, the … [Read more...] about City to report to PM on Metro line No. 1 investment surge
Investment for start-up enterprises just begins
Phan Hoàng Lan. — Photo baohaiquan.vn Phan Hoàng Lan, Head of Planning and Finance of the Ministry of Science and Technology’s National Agency for Technology Entrepreneurship and Commercialisation Department, talks to Hải quan (Customs) newspaper about investment for start-up enterprises. What programmes are the National Agency for Technology Entrepreneurship and Commercialisation Department (NATEC) working on to support innovative start-up business? In 2013, NATEC was assigned by the Ministry of Science and Technology to assist the implementation of a technology commercialisation project which follows the Silicon Valley model in Việt Nam. Since then, we have had access to start-up enterprises looking for investment and quickly put them into training programmes. After three months of training, they had access to domestic and international investors and received the right investment packages. From those, we had proposals to submit to the … [Read more...] about Investment for start-up enterprises just begins
Why investment flows to multibillion dollar complex Ho Tram Strip
According to HTP, the Ho Tram Strip is the key factor for investors deciding to sign up for Ramada Kahuna Fifth development in the multibillion-dollar integrated resort Besides its ideal location (beachfront and only two hours away from Ho Chi Minh City), the Ho Tram Strip is alluring because of four developments (at an investment of over $1 billion) undertaken by the developer in the last 10 years. In July 2013, the Grand Ho Tram Strip opened, the first development on such a scale in Vietnam, with 541 five-star hotel rooms professionally served by a team of more than 2,000 carefully trained employees. It is best known as an entertainment complex that offers 10 bars and restaurants, a first class spa, children's playgrounds, swimming pools, a shopping mall, and, on top of all, Vietnam’s first and biggest fully licensed casino for foreign players. This perfect combination made The Grand the first truly Las Vegas-style integrated resort in Vietnam. In October 2014, The Bluffs, … [Read more...] about Why investment flows to multibillion dollar complex Ho Tram Strip
SSC warns against investing in cryptocurrencies
The State Securities Commission (SSC) has warned about the risks arising from investing in financial technology (fintech). The State Securities Commission has warned about the risks arising from investing in financial technology. - Photo thanhnien.vn In a notice issued on its website on Monday, SSC said that the market now had companies operating in fintech, including cryptocurrency, initial coin offering, crowdfunding, peer-to-peer lending and blockchain. These were new products that had not been regulated, SSC said, thus posing high risks. SSC urged investors to be wary of investing in such products. The commission also requested public companies operating in fintech to comply with the established law on initial offering and fund raising. While waiting for the issuance of the legal framework to manage these new products, SSC asked securities companies not to provide services such as consultancy, brokerage, issuance and transaction of cryptocurrencies as well as other … [Read more...] about SSC warns against investing in cryptocurrencies