Vietnam 

HCM City seminar promotes Vietnam-India tourism – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

K. Srikar Reddy, Consul General of India in HCM City, speaks at the seminar. — VNA/VNS Photo Viet Nam News HCM CITY — The Indian Consulate General in HCM City held a seminar on Wednesday to introduce the culture, tourism, cuisine and beautiful nature of India. The event, which drew representatives from the municipal Tourism Department, nearly 50 Vietnamese travel companies and those from India, was also a chance to promote tourism ties between the two countries. Addressing the seminar, Indian Consul General K. Srikar Reddy noted the Việt…

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Vietnam 

HCM City export processing zones need revamp as FDI drops – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — Experts have recommended a number of measures to increase foreign direct investment (FDI) in HCM City’s export processing zones (EPZs) and industrial zones (IPs).      Infrastructure in the EPZs and IPs, most of which were set up in the 1990s, has deteriorated, especially wastewater treatment facilities. A number of centralised wastewater treatment systems, for example, have been found in violation of environmental regulations. In addition, many enterprises that want to expand their business face challenges as available land for rent in…

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Vietnam 

HCM City investment centre helps SMEs enter supermarket chains – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY – Startups and small businesses need to improve product design and quality assurance to gain entry to supermarket chains, speakers said at a workshop held on Tuesday in HCM City. Supermarkets are the top choice for consumers looking to buy essential products, stationery or household goods, followed by convenience stores, a representative of the HCM City Investment and Trade Promotion Centre (ITPC) said. Lê Thị Mai Linh, executive vice president of public relations and corporate social responsibility department at Central Group Việt Nam,…

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Vietnam 

Processing, packaging technologies exhibition opens in HCM City – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — ProPak Vietnam 2019, an international exhibition on the processing and packaging industry, opened in HCM City on March 19 with a diverse range of products, technologies and solutions tailored for the food, drink, pharmaceutical, and FMCG sectors. The annual exhibition features over 540 exhibitors from 30 countries and territories, including eight international pavilions from Taiwan, Germany, Korea, Singapore, Thailand, China, and Italy. Among the exhibitors are ABB, Bosch Rexroth, Đại Chính Quang, Dong IL Machinery, Fuji Machinery, Ishida, NPC VINA, Mỹ…

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Vietnam 

More foreigners buying apartments in HCM City – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY – More foreigners are buying apartments and investing in real estate in Việt Nam, especially in HCM City, with most of them coming from mainland China, Japan, Singapore and South Korea. Ngô Quang Phúc, general director of Phú Đông Group, said that since the amended Law on Housing 2014 took effect in 2015 the domestic property market has seen increased interest from foreign buyers. From 2008 to 2014, only 126 foreigners bought property in Việt Nam. In 2014, the Ministry of Construction…

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Vietnam 

HCM City urges Samsung to open RD centre – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

HCM CITY — HCM City wanted Samsung Group to open a research and development centre in the city to take advantage of its skilled human resources, a local official said. Receiving General Director of Samsung Electronics Vietnam Choi Joo-ho on Thursday, Secretary of the municipal Party Committee Nguyễn Thiện Nhân congratulated Samsung on its production and business results in Việt Nam, saying the development of Samsung had contributed to Việt Nam-RoK relations. Nhân said HCM City was willing to create favourable conditions for the company to expand its investment and…

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Vietnam 

HCM City attracts over US$1 billion FDI investments in first two months – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Tân Bình Industrial Park in HCM City’s Tân Bình District. — VNS File Photo Viet Nam News HCM CITY — More than US$1.02 billion of foreign direct investment (FDI) was registered for projects in HCM City in the first two months of the year, according to the Ministry of Planning and Investment. In January, HCM City received registration for FDI of more than US$745 million, the largest amount of FDI for any locality in the country. It included $32.72 million investment in 68 new FDI projects, and…

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Vietnam 

HCM City sets up pork trading floor – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The HCM City Department of Industry and Trade and UK Ministry of Business, Energy and Industrial Strategy on March 7 signed a memorandum of understanding on creating a pork trading floor. – Photo congthuong.vn Viet Nam News HCM CITY – The HCM City Department of Industry and Trade and the UK’s Ministry for Business, Energy and Industrial Strategy on Thursday signed a memorandum of understanding on launching a pork trading floor. The UK department will provide support in technologies and market research, and the creation of regulations on…

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Vietnam 

Retail tech summit in HCM City – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — The second Indochina Retail Technology and Innovation Summit, a conference focusing on retail technology, takes place on Thursday in HCM City. Hosted by Escom, an international business conference organiser focused on the fast-growing Asia Pacific markets, the event has attracted nearly 300 delegates including stakeholders, decision makers, technology leaders, retailers, mall developers, and store operators in the region. Delegates discuss the retail sector, which is growing rapidly in Việt Nam and other Southeast Asian countries. Key topics include “Reinventing Việt…

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Vietnam 

Int’l furniture, home accessories fair opens in HCM City – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — The 2019 Việt Nam International Furniture and Home Accessories Fair (VIFA-EXPO 2019) opened on Wednesday at the Saigon Exhibition and Convention Centre in HCM City, with the participation of 514 local and international exhibitors. Speaking at the opening ceremony, Nguyễn Quốc Khanh, chairman of the Handicraft and Wood Industry Association of HCM City (HAWA), one of the organisers, said the number of exhibitors this year was higher than last year. The expo has 2,420 booths with a total display area of…

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