Over 110 mln USD support industry projects land in HCM City
Two support industry projects from the Republic of Korea, worth 112 million USD in total, were authorised to land in the Saigon Hi-Tech Park (SHTP) in Ho Chi Minh City on December 17.
HCM City (VNA) – Two support industry projects from the Republic of Korea, worth 112 million USD in total, were authorised to land in the Saigon Hi-Tech 🧜Park (SHTP) in Ho Chi Minh City on December 17.
The 80-million-USD facility for electronic component manufacturing and assembly, Platel Vina, will be built at the park by Intops Co., Ltd., covering an area of 40,000 square meters.
The factory, scheduled to be operational in December, 2016, is designed to produce about 6.5 million items per year for Samsung Electronics.
Another is the 32-million-USD project of Dihan Climate Control Co., Ltd. The 20,700-sq.m facility will be operational by the second half of 2016, capable of manufacturing 2 millions of heat exchangers annually, also for Samsung Electronics.
The Daihan Climate Control said it will need about 400 workers for the project.
Samsung Electronics started construction on the 1.4-billion-USD Samsung CE Ho Chi Minh City Complex (SEHC) in May this year to produce electronic goods, such as Smart, LCD and LED TVs.
According to Le Hoai Quoc, head of the SHTP management board, these projects will be part of Samsung’s supply chain and will foster domestic supply chains and increase value for Vietnamese products.-VNA
A special mechanism is required to develop the HCM City-based Saigon Hi-tech Park (SHTP), its management told the visiting Chairman of the Vietnam Fatherland Front Nguyen Thien Nhan recently.
Another advanced hi-tech park will be built in Ho Chi Minh City to meet the municipal socio-economic development demands, as heard at a promotion conference held in the city on September 16.
Thirteen years after it opened, the SaiGon Hi-tech Park (SHTP) has achieved total sales of 13.6 billion USD, including 13.5 billion USD in export value.
The Silicon Saigon Park JSC held a ceremony to commence the construction of the "Saigon Silicon City" in the Saigon Hi-Tech Park (SHTP) on November 10.
The Saigon Hi-Tech Park (SHTP) in Ho Chi Minh City granted investment licences on December 11 to two new projects in the park, worth a total nearly 200 million USD.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
A corner of Saigon Hi-Tech Park (Photo: VNA)
