Vietnamplus

The central beach city of Da Nang is taking measures to revive the foreign direct investment (FDI) flow with a view to attracting 7 billion USD in this capital by 2030.

Visiting President of Sierra Leone Julius Maada Bio toured the Saigon Hi-Tech Park (SHTP) in Ho Chi Minh City on March 19, part of his official visit to Vietnam.

More than 1,300 companies and factories in export processing zones (EPZs), industrial parks (IPs) and hi-tech parks (HTPs) in Ho Chi Minh City, or 92 percent of the total, have reopened so far, according to the HCM City Export Processing Zone and Industrial Park Authority (HEPZA).

Production is continuing at six industrial zones and hi-tech parks in the central city of Da Nang, while nearly 80 percent of the total labour force has been maintained since the city began lockdown on August 16.

Since the beginning of this year, the central city of Da Nang has adopted synchronous, flexible and effective measures to realise the Government’s double goals of fighting the COVID-19 pandemic and restoring socio-economic development, on the back of strong engagement of the local political system, and active involvement of businesses and people.

The central city of Da Nang has attracted 11 investment projects into its industrial and hi-tech parks since the beginning of this year, including three FDI projects worth 145.3 million USD and eight domestic-invested ones totaling 188.4 billion VND (8.2 million USD).

Ho Chi Minh City’s Department of Planning and Architecture is preparing a plan to turn several industrial parks (IPs) and export processing zones (EPZs) into hi-tech industrial parks.

Ho Chi Minh City, the country’s commercial hub, has the potential to become a fintech hotspot of the country and region, according to experts.

President of the Council of State and Council of Ministers of Cuba Miguel Mario Diaz-Canel Bermudez and his entourage visited the Saigon Hi-Tech Park of Ho Chi Minh City on November 10 as part of their official friendship visit to Vietnam.

Prime Minister Nguyen Xuan Phuc urged central agencies and localities to use their resources to develop three leading State-run universities in Hanoi, Da Nang and HCM City into university-city complexes to herald the Industry 4.0 era.

The abolition of people’s councils, permitting casinos to be set up and allowing foreign investors to lease land for 99 years are among the main provisions of a proposed new law to govern the three special administrative-economic zones in Vietnam.

As the development of hi-tech parks in Vietnam is still below expectations, they are seeking measures to attract more investments, especially in research and development projects.

Experts discussed the application of the Internet of Things (IoT) in smart urban area development at a conference in Ho Chi Minh City on November 12-13.