Despite improvements in the business environment, there are still inadequacies that not only hinder enterprises from effectively operating but also prevent investment from coming to needy cases.
Creative projects to make educational equipment or innovative products of students at vocational schools in Ho Chi Minh City have been wholeheartedly welcomed by businesses and the community thanks to their practicability. This is a positive achievement of the encouragement for innovation in educational institutes to serve life.
The Propaganda Department of the Ho Chi Minh City Party Committee has just issued a guideline on propagandizing environment security for the national development.
The Ministry of Science and Technology yesterday cooperated with Can Tho City People’s Committee to launch the ‘Innovative Startup Festival in the Mekong Delta – TECHFEST Mekong 2022’.
The Central Highlands of Vietnam has two international border gates of Le Thanh (in Duc Co District of Gia Lai Province) and Bo Y (in Ngoc Hoi District of Kon Tum Province). Meanwhile, Tay Ninh Province is the home of two international border gates in the Southeast region, namely Moc Bai and Xa Mat. Despite much investment, the border-gate economic zones in these four areas have not reached their full potential as expected, and could not contribute much to the national economic growth.
The Transport Ministry has just released Notice No.347-TB-BGTVT about the conclusion of Minister of Transport Nguyen Van The at the meeting regarding investment methods for the two important railway projects of Bien Hoa – Vung Tau and Thu Thiem – Long Thanh.
The railway network planning for the period of 2021-2030, with a vision to 2050, has just been approved by the Prime Minister, leading to the activation of a series of railway investment projects which are expected to bring a new look to the Vietnamese railway industry and transport industry in general.
According to Nikkei Asia, Apple’s suppliers, namely Luxshare Precision Industry and Foxconn, have begun trial production of the Apple Watch in Vietnam - this is the first time this activity has taken place outside China.
Ho Chi Minh City has been able to attract much investment and offer jobs for millions of laborers during its 30 years trying to establish and develop export processing zones and industrial parks (EPZ-IPs). However, along with the urbanization process, these EPZ-IPs have gradually shown inadequacies in infrastructure planning that need addressing for a more sustainable growth.
The Management Board of the Saigon High-Tech Park (SHTP), on June 27, held a conference to promote investment in SHTP, with the attendance of Mr. Phan Van Mai, Member of the Party Central Committee, Chairman of the People's Committee of Ho Chi Minh City; leaders of departments and agencies, businesses, and investors.
Vietnam has about 335 industrial parks across the country together with 17 economic zones, which play an important role in investment attraction and State budget collection.
Prime Minister Pham Minh Chinh on June 21 chaired a conference to announce the Master Plan and investment promotion program for the Mekong Delta in the 2021-2030 period, with the theme "Mekong Delta: New thinking - New vision - New opportunities - New values”.
Foreign investment inflows into Vietnam during the first nine months of this year rose 4.4 percent year-on-year to US$22.15 billion despite the impact of Covid-19, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
Foreign investors still have high expectations for Vietnam's investment environment despite facing many difficulties at the moment due to the Covid-19 pandemic. Currently, there are still many solutions and ways to improve foreign investment attraction and prepare conditions to be ready to welcome the investment wave in the new normal.
Due to the complexity of the latest Covid-19 outbreak, Ho Chi Minh City is carrying out several methods to protect manufacturing facilities and industrial zones, including Saigon Hi-tech Park (SHTP). Hoping to significantly contribute to the overall development of the city, SHTP is striving to stabilize its production activities and increase export.
Located in the Southern key economic region, Binh Phuoc Province has many advantages to develop a modern industry attached with environmental protection. To heading for that goal, Binh Phuoc has been striving to improve its infrastructure and welcome the wave of investment in industrial parks, creating a new driving force for the province's socio-economic development.
State President Nguyen Xuan Phuc yesterday had an online meeting with over 700 voters of 11 communes in Hoc Mon District of Ho Chi Minh City, where he is one of the 15th National Assembly candidates. There he expressed his hope for HCMC to offer a better environment with strong infrastructure and favorable conditions to welcome international investors for a more sustainable development.
The authorities in the Central Highlands province of Dak Lak have granted in-principle investment approval to six foreign-funded wind power projects worth more than VND10.08 trillion (US$436.5 million).
Many investors said that Vietnam has been still strengthening its position as one of the more and more attractive investment destinations, being the first choice for foreign enterprises, especially those who are seeking to diversify their investment portfolios outside of China.
With the determination to maintain its leading position in the economy, aiming to become an international financial center, a smart and creative city of the country, in 2021, Ho Chi Minh City has sent the message of promoting administrative reform, improving the business investment environment to enable all resources, create favorable conditions for enterprises and start-ups to develop.
