Vietnamplus

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.

Developing Ho Chi Minh City into a supplier of high-quality human and technological resources for the logistics industry was the subject of a recent conference held in the city by the HCM City Department of Industry and Trade in coordination with the Vietnam Logistics Research and Development Institute.

The Viettel Military Industry and Telecoms Group (Viettel) announced on September 21 that it has started providing 5G service and put into operation the infrastructure of Internet of Things (IoT) in Ho Chi Minh City.

Secretary of the Ho Chi Minh City Party Committee Nguyen Thien Nhan hosted a reception for new Singaporean Consul General in the city Kho Ngee Seng Roy on July 24, during which the host said that the city hopes to expand cooperation with Singapore in various fields.

The People’s Committee of Ho Chi Minh City and the Ministry of Science, Technology and Environment of Cuba on June 28 signed a Memorandum of Understanding (MoU) on cooperation in development and managing science-technology zones.

Tax invasion and tax fraud are becoming more complicated at wider scope and larger scale and increasingly sophisticated, according to the leaders of the State Audit of Vietnam.

Ho Chi Minh City’s Department of Transport wants to develop a commuter bus system to link to stations on Metro Line No1, which is still under construction.

Vietnamese intellectuals in the Australian state of New South Wales will engage in many activities at hi-tech parks in Vietnam on March 26 and 27 so as to seek ways to apply their researches’ outcomes in the homeland.

Vietnam’s foreign direct investment (FDI) attraction is expected to make a leap, especially in quality, in 2019 as more foreign investors, including big names, in the world’s high-tech manufacturing and services industries are choosing the country as their destination.

Ho Chi Minh City targets reducing the volume of plastic bags used at supermarkets and business centres by 65 percent, and at traditional markets by 50 percent compared with 2010.

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.

Since its inception, the Saigon Hi-Tech Park has become an incubator for innovation and a centre for technology transfer in Ho Chi Minh City and the southern region.

The central city of Da Nang has granted an investment licence to the first ready-built factories for rent project at the city’s Hi-Tech Park with the aim of attracting more investors to the park.

Secretary of the HCM City Party Committee Nguyen Thien Nhan received visiting President of the Japan International Cooperation Agency (JICA) Shinichi Kitaoka on September 13.

In March, the Department of Industry and Trade of Ho Chi Minh City will chair a meeting with the Ho Chi Minh City Export Processing and Industrial Zones Authority and the Saigon Hi-tech Park to organise a festival to seek support industry suppliers.

The significant socio-economic-cultural accomplishments that the southern economic hub of Ho Chi Minh City gained in 2017 will create a firm foundation for its stronger development in 2018 and the following years.

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.

HCM City has called for more investment in solar power in the city due to the great potential of the sector.

Representatives from about 30 French enterprises participated in a seminar introducing investment opportunities in the hi-tech park in the central city of Da Nang held in Paris on September 11.

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.