Investment
Commercial mindset
Local chip startups will have an easier path to the global market with the creation of a center linking chip design and manufacturing in a process called tape-out.
Investment
Integrated framework in HR management
The actual use of technology in HR management has a greater bearing on attraction, retention, and monitoring of employees than the technology itself.
Investment
Gov't requires drastic reduction of administrative procedures
The Government’s new resolution targets to innovate the reform of administrative procedures in a comprehensive and substantive manner, drastically improve the business investment climate, sharpen national competitiveness, and spur economic growth through 2030.
Task of urban zoning planning in Hanoi's Soc Son district approved
The Hanoi People’s Committee has approved the task of urban zoning planning of five areas in Soc Son district, under which Soc Son will synchronously develop in terms of infrastructure, supplemented by many commercial and service projects and new residences.
Residential projects approved in Quang Ngai
Central Quang Ngai province has approved three residential projects with total investment of more than VND3.6 trillion ($154.8 million). The province has recently ended a number of private residential projects for review, then used bidding and not investor appointments, as previously.
NA comment sought on adjusted medium-term public investment plan
On August 9, Minister of Planning and Investment Nguyen Chi Dung, on behalf of the government, asked the National Assembly Standing Committee for comments on three matters, including the addition of more than VND4 trillion ($172 million) from foreign capital and unallocated central budget funds to the medium-term public investment plan in the 2021-2025 period.
Traffic at Tan Son Nhat Airport to be tackled
Deputy Minister of Transport Le Anh Tuan has signed a document for the Airports Corporation of Vietnam (ACV) requesting that it direct Tan Son Nhat International Airport in Ho Chi Minh City to coordinate closely with the City’s Department of Transport on organizing traffic. The Ministry also requested the acceleration of infrastructure projects, to resolve traffic problems at the country’s busiest airport.
HCMC’s public investment disbursement slow
As of the end of July, Ho Chi Minh City had disbursed only VND8 trillion ($343.68 million) of public investment capital, or 26 per cent of the plan. Many projects have disbursed only 4-5 per cent of the capital allocated, and 100 projects have not disbursed any capital at all, including a project in the trillions of VND. The greatest bottleneck is site clearance and compensation appraisals.
Thanh Hoa leads in FDI attraction
Of the 2,151 existing FDI projects in central provinces, Thanh Hoa has the most, with 164 and total registered capital of more than $14.5 billion. Its success is due to its efforts in reforming administrative procedures, improving the business and investment environment, publicizing planning, and completing infrastructure. The province also offers a range of incentives to investors on land rentals, import and export taxes, and corporate income taxes.