What attracts foreign investors to a country

Hanoi (VNA) – Politburo member and Secretary of Hanoi’s Party Committee Vuong Dinh Hue asked foreign hi-tech groups to consider investing in the city’s existing industrial zones, including the Hoa Lac Hi-Tech Park, while receiving representatives from FDI enterprises operating in the high technology industry on January 19. Hue encouraged the Kinh Bac City Development Holding Corporation (KBC) to invest in industrial zones in Soc Son and Dong Anh districts to attract more foreign businesses. He expressed his hope that major technology groups will set up search and development (R&D) and innovation centres in Hanoi in the way the Republic of Korea’s Samsung Group has done. The official highlighted the fact that the capital city is home to 82 percent of universities, 65 percent of scientists and 80 percent of key scientific and technological research potential of the country. At the working session, leading officials of Heesung Electronics, Goertek … [Read more...] about Hanoi calls on foreign firms to invest in industrial zones

The Vietnamese government has also limited inbound flights from now until the Lunar New Year holiday in light of new variants of the novel coronavirus spreading fast in many countries. Only flights with approval from the Ministries of Health, Foreign Affairs, National Defense, Public Security and Transport can enter the country, Prime Minister Nguyen Xuan Phuc said earlier this month. … [Read more...] about Vietnam mandates 14-day quarantine for all foreign experts, flight crew

Foreigners caught not wearing face masks on the Indonesian resort island of Bali are being subject to an unusual punishment: push-ups. Video footage circulating on social media this week shows tourists in T-shirts and shorts being made to do the exercise in sweltering tropical heat as masked security officials stood over them. Bali authorities made wearing a face mask in public mandatory last year as Indonesia battled a raging Covid-19 outbreak. In recent days, however, scores of foreigners have been caught without face coverings, said security official Gusti Agung Ketut Suryanegara. More than 70 people paid a fine of 100,000 rupiah ($7), but about 30 others said they did not have the cash. Instead, they were ordered to do push-ups. Those not carrying a mask had to do up to 50, while those who were wearing one improperly were punished with 15. "At first, they would claim that they didn't know the regulation," Suryanegara told AFP. "Then they said they forgot, or that the mask … [Read more...] about Foreigners without face masks punished with push-ups in Bali

He congratulated the ministry on its achievements in 2020, contributing to making Việt Nam a bright spot in the region and the world amid the pandemic. He said the press will continue working closely with the diplomatic sector to deliver correct information, bringing Việt Nam to the world and the world to Việt Nam. … [Read more...] about Foreign ministry hails press agencies’ contributions

European investors are also examining Vietnam’s garment and textile and high-tech industries. Vu Duc Giang, chairman of the Vietnam Textile and Apparel Association, said Japan, the Republic of Korea, Chinese Taipei and China previously were leading production powerhouses of garments and textiles. However, they have gradually reduced this type of production, making a shift to other production hubs inevitable. The Covid-19 pandemic is promoting this trend and with the benefits and incentives of some 16 free trade agreements to which Vietnam is a signatory, the country is an attractive destination for foreign investors. … [Read more...] about Bright outlook for Vietnam’s economy despite Covid-19 setback