Investment

Deputy Prime Minister Le Van Thanh has asked the Ministry of Transport (MoT) and the Quang Nam Provincial People’s Committee to urgently boost the progress of investment in the form of socialization in Chu Lai Airport and upgrades to national highways running through the province.

More than 160 businesses, including foreign investment funds, leading banks, and financial groups in Singapore, held an in-person dialogue with leaders from northern Vinh Phuc province on October 25 to research the local economic environment and identify opportunities for investment. Singapore is one of the largest investors in Vinh Phuc, with 12 projects and capital of around $500 million.

Malaysian technology solutions provider K-One Technology Berhad said its subsidiary, G-AsiaPacific Sdn Bhd (GAP), has signed an agreement with the Vietnet Distribution Joint Stock Company to prepare for a joint venture, which is in line with its plan to expand its cloud computing business in Vietnam.

The Bac Giang Provincial People’s Committee has decided to establish the 25-ha Dong Son industrial cluster in Yen The district, with agricultural processing, forestry, electronics, garment, processing, manufacturing, and supporting industries. Under its planning, the province will have 65 industrial clusters on an area of more than 3,100 ha by 2030 and 29 industrial parks on an area of more than 7,800 ha.

Prime Minister Pham Minh Chinh responded on October 24 to questions from a National Assembly deputy on the disbursement of public investment capital, in particular disbursement of the support package for socio-economic recovery and development. He identified six key solutions to ensure disbursement in programs and projects, especially those that relate to socio-economic recovery and development programs.

The number of enterprises accessing the program to support small and medium-sized enterprises (SMEs) in digital transformation - SMEdx - has increased sharply, from 190,000 in April to more than 490,000 in September. Hanoi has the highest percentage of SMEs accessing SMEdx platforms, followed by Ho Chi Minh City and central Da Nang city.