The upcoming Vietnam Digital Economy Forum (VDEF) 2018 will include special sessions which focus on Vietnam’s digital economic perspectives, featuring local and international keynote speakers. The VDEF 2018, whose theme is “Challenges and strategic solutions for small- and medium-sized enterprises (SMEs) in the Fourth Industrial Revolution,” will take place on Thursday, November 1, at the Rex Hotel in District 1, HCMC. The forum is co-sponsored by the Association of Vietnam Scientists and Experts, and Quang Trung Software City, as well as by the HCMC People’s Committee. Some 20 policy makers and leading experts at home and abroad from the digital economy industry, together with 500 guests from ministries, organizations and enterprises, are expected to join this event. The Fourth Industrial Revolution has been impacting the structures that make up the foundations of the global economy and society. Every day, millions of people benefit from innovative products and … [Read more...] about BUSINESS NEWS IN BRIEF 1/11
Japanese investment in uk
Quang Ninh stands ready to welcome investment waves
An aerial view of Ha Long city, Quang Ninh province (Photo: VNA) Quang Ninh (VNA) – The northern coastal province of Quang Ninh has emerged as a magnet for foreign investors in the recent time thanks to its “golden age” population, favourable business climate, and administrative reform. According to Deputy Director of the provincial Department of Foreign Affairs Vu Dinh Xung, the province is now housing 120 valid foreign direct investment (FDI) projects with total registered capital of more than 6.23 billion USD. Among 21 countries and territories having invested in the province, the US is the largest investor, registering 2.3 billion USD for its eight projects, accounting for nearly 38 percent of the total foreign capital. It is followed by China, Singapore, Japan, and Indonesia. Most of the FDI has been poured into the fields of tourism, service, hotel, industry, mining, fibre production, and building materials. The province is being offered a chance to attract … [Read more...] about Quang Ninh stands ready to welcome investment waves
High profits boost foreign firms’ long-term investments in Vietnam
The Hanoitimes - Many foreign companies are planning to pour more investments for expansion in Vietnam in the long run after gaining good business performance in the fruitful market. AEON Group’s pre-tax profit surged sharply to US$9.96 million last year Thailand’s Siam Cement Public Company Limited (SCG) has recently shown its ambition plans to increase investments in the Vietnamese market, acquiring a stake in Long Son Petrochemical Co Ltd from Vietnam National Oil and Gas Group. Under the deal, SCG has acquired a 29 percent stake of the Long Son project for more than VND2.05 trillion (US$90 million). Upon completion of the deal, SCG’s indirect stake in Long Son has increased from 71 percent to 100 percent, of which Vina SCG Chemicals holds 82 percent and Thai Plastic and Chemicals Public Co. Ltd holds 18 percent. Starting business in Vietnam since 1992, SCG currently has more than 20 companies operating in Vietnam in construction materials, cement, chemicals … [Read more...] about High profits boost foreign firms’ long-term investments in Vietnam
Nissan to cut hundreds of jobs at UK car plant: source
Japanese automaker Nissan will axe hundreds of staff at its car plant in northeastern England due to a sharp fall in diesel car sales, a source told AFP on Friday. Nissan to cut hundreds of jobs at UK car plant: source, photo AFP Questioned about media reports of hundreds of job losses at Nissan's factory in the coastal city of Sunderland, a source close to the matter confirmed the news but declined to give a timeframe. The news also comes as Britain's car sector, which is largely foreign-owned, continues to face Brexit uncertainty on the horizon. The Sunderland plant -- which builds the Juke, Leaf and Qashqai car models, many of which are diesel -- employs 7,000 workers who produce some 500,000 vehicles per year. However, Nissan saw British sales slump 35 percent in the first quarter on an annual comparison. That mirrors a broader trend across the British automobile industry, with demand sliding on UK government plans to improve air quality. And diesel car sales are also … [Read more...] about Nissan to cut hundreds of jobs at UK car plant: source
Hanoi puts its hopes in Japanese FDI
In pursuing its ambitious smart city goal, Hanoi has announced – for the first time – a list of sectors to be prioritised for Japanese investment. The focus lies on Japan’s expertise in industry, environment, high-tech manufacturing and agriculture, IT solutions, and energy efficiency. Hanoi’s FDI attraction focuses more and more on Japanese firms traditionally strong in high-tech projects In only a few days, Japan’s Nidec Corporation, a leading global high-tech company, will receive its investment certificate to invest over $400 million in energy-saving motor and energy-saving actuator research and manufacturing at Hanoi’s Hoa Lac Hi-Tech Park. The investment, following Nidec’s Ho Chi Minh City projects that have been in operation since 1998, shows the important role that Hanoi plays in the firm’s Vietnam strategies. Future plans According to the Hanoi Department of Planning and Investment, unlike in previous years, the city lists … [Read more...] about Hanoi puts its hopes in Japanese FDI