Japanese trading house Sumitomo Corp. has taken on five partners for its smart city project in Hanoi, taking advantage of their infrastructure, technology, and other know-how for development efforts kicking off in fiscal 2021, according to Nikkei Asia Review.
The ASEAN Leaders’ Interface with Representatives of ASEAN Business Advisory Council (ASEAN-BAC) took place on June 26 within the framework of the 36th ASEAN Summit, which is held in the form of a video conference. Prime Minister Nguyen Xuan Phuc, ASEAN Chair in 2020 chaired the dialogue.
Chu Dau is a brand that has spread far and wide and has connected the quintessence of pottery, bringing the country's traditional ceramic products to tourists both home and abroad.
Secretary of the Hanoi Municipal Party Committee Vuong Dinh Hue has said that the city is willing to listen to enterprises’ feedback to untie “knots” regarding policies, site clearance and planning adjustments, as public and private investment is an economic lifesaver of the city's economy.
Hanoi has been working to enhance administrative reform and address difficulties in an effort to create an optimal investment climate for investors, Politburo member and Secretary of the Hanoi Party Committee Vuong Dinh Hue has said.
With robust economic growth and a sound business climate, the northern port city of Hai Phong has remained popular among both domestic and foreign investors, said Chairman of the municipal People’s Committee Nguyen Van Tung.
Hanoi continued to top the list of foreign direct investment destinations in Vietnam in the first 10 months of this year, raking in about 6.85 billion USD, most of which came in form of capital contributions and share purchase.
The Foreign Investment Agency reported that total newly-registered and adjusted capital, and shares purchased by foreign investors reached 29.11 billion USD in the first ten months of this year.
A groundbreaking ceremony was held for the first smart city project in Hanoi, the largest of its kind nationwide, in the capital’s suburban Dong Anh district on October 6, with the participation of Prime Minister Nguyen Xuan Phuc.
Vietnam needs to renew its real estate market to attract more foreign investors and increase the quality of foreign direct investment (FDI) in the sector, according to experts.
Leading Japanese corporations on July 1 signed Memoranda of Understanding (MoU) with Hanoi to invest a total of close to 4 billion USD in projects in the capital city.
A ceremony was held in Hanoi on May 19 to announce the implementation of Sanrio Hello Kitty World Hanoi by BRG project - the first entertainment complex by the group in Southeast Asia.
With the aim of attracting more investment for much-needed infrastructure, Ho Chi Minh City is touting its efforts to become a digital- and knowledge-based economy with a highly skilled workforce.
The real estate market is expected to gain momentum in 2019 thanks to the heat from several billion-USD property projects that received investment certificates in previous years.
Fujimart Vietnam Retail, a joint venture between Japanese trading house Sumitomo and local retail and real estate conglomerate BRG Group, will open its first Vietnamese supermarket in Hanoi this month.
The capital city of Hanoi has become the most attractive locality for foreign direct investment (FDI) in Vietnam for the first time, with total registered capital estimated at 6.5 billion USD.
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