US paper: Vietnam emerges as Asia’s newest IT tiger Business

US paper: Vietnam emerges as Asia’s newest IT tiger

While Vietnam has clearly emerged as an alternative to China for manufacturing work, the country is also increasingly showing up on the radar screen of companies seeking an alternative destination for outsourced IT work and outsourcing in general, reported a US newspaper.

Japan’s toymaker opens Hai Phong factories

Takara Tomy, a Tokyo-based toy manufacturing company, opened three new factories in Hai Phong on January 22, increasing the number of Takara Tomy factories in the city from two to five.

Steel firms urged to modernise

Vietnamese steel enterprises need to invest in more modern technology to increase their competitiveness in the domestic market, the Vietnam Steel Association (VSA) said.

Osaka brings advanced technologies to HCM City

A delegation of 17 companies from the Japanese city of Osaka presented advanced industrial technologies in various fields at a seminar on Jan.21, saying they saw HCM City as a place with high investment potential.

Chemical group makes debut in Hanoi

Deputy Prime Minister Truong Vinh Trong has stressed the need to develop the Vietnam National Chemical Group (Vinachem) into a strong conglomerate in the region.

Ba Ria-Vung Tau targets 14 bln USD in investment

Industrial zones (IZs) in the southern province of Ba Ria-Vung Tau have set the target of attracting 222 projects with combined investment of over 14 billion USD by the end of 2010, a local official said.

Steel pipe exports to US to rise

Domestic steel pipes producers are hoping to increase exports of steel pipes with a diameter of less than 10 inches to US, saying the market offers great potential due to high demand and low supply.

Quality industrial zones attract investors

Nomura Industrial Zone in the northern port of Hai Phong City (NHIZ) has attracted an increasing number of both domestic and international investors due to its comprehensive infrastructure and strong support from authorities.

According to Ellchi Yumoto, general director of the IZ, 97 percent of land has been occupied. As many as 53 investors have been operating in the IZ with a total investment of nearly 1 billion USD. The Japanese account for 46 of the 53 total investors, and include well-known brands, such as Rorze Robotech, Hi-Lex, Yazaki, Toyoda Gosei, Tohoru Pioneer and Nakasima.

President Triet wraps up Slovakia visit

Vietnamese State President Nguyen Minh Triet and his entourage left the capital city of Bratislava on Dec. 18, concluding their visit to Slovakia - the third leg of their tour in Europe.

State reclaims idle land from investors

The Hanoi People’s Committee will revoke licences for more than 364,000sq.m of public land because investors have been too slow to develop it or they have used it for the wrong purpose.

Vu Van Hau, director of the city’s Environment and Natural Resources Department, said during a recent inspection, 20 out of 420 projects, mostly in the districts of Hai Ba Trung, Chuong My, Thanh Oai and Phu Xuyen, had violated the conditions of use.
Vietnam, Russia discuss future cooperative plans Politics

Vietnam, Russia discuss future cooperative plans

Vietnam and Russia have agreed on a range of directions and specific measures to strengthen and expand their bilateral cooperation in the traditional area of energy, including nuclear energy, oil and gas, mining and military technology.