13:03 (GMT +7) - Saturday 23/06/2018

PRESS WATCH

March 12

Released at: 11:35, 12/03/2018 PRESS WATCH

March 12

VET's round-up of news from Vietnamese media for March 12.


Construction underway at AEON MALL Ha Dong

Japanese shopping mall developer the AEON MALL Co. held a breaking ground ceremony for the AEON MALL Ha Dong recently. Construction will begin shortly so it can open in 2019. The mall is AEON MALL’s fifth in Vietnam and the second in Hanoi, after AEON MALL Long Bien.

Singaporean investor eyeing Hanoi-American International Hospital

A Singaporean healthcare giant is interested in acquiring the Hanoi-American International Hospital. The investor plans to pour $200 million into Vietnam’s lucrative healthcare industry, including the idle Hanoi-American International Hospital in Hanoi. Located in Cau Giay district, the hospital was licensed in 1997 with total investment of $50 million from the US-based Keystone Global Group. The project was planned with have 300 international quality beds and a helicopter pad.


ILO: Women have fewer opportunities at work

Women have fewer opportunities to participate in the labor market and hold senior positions than men, especially in developing countries, according to a survey by the International Labor Organization (ILO). Released in Hanoi on March 8, the survey showed that most female workers have temporary jobs in the informal sector. Only 48.5 per cent of women are participating in the labor market this year, 26.5 percentage points lower than men. The jobless rate among women is 6 per cent, or 0.8 percentage point higher than men.

Additional funds needed for HCMC metro

The Management Authority for Urban Railways of Ho Chi Minh City has once again proposed the Ho Chi Minh City government make an advance payment totaling VND1 trillion ($44 million) to pay contractors on the Metro Line No. 1 project. Although the Ministry of Planning and Investment has plans to allocate State budget funds and the project is 50 per cent completed as at last month, additional capital for the metro line linking Ben Thanh Market in District 1 and Suoi Tien Park in District 9 has not been disbursed.


Seafood joins “billion club” of exporters in Jan-Feb

Seafood has joined five other groups of commodities that brought in at least $1 billion in export value for Vietnam in the first two months of this year, the latest customs data shows. Vietnam’s exports topped $33.62 billion in January and February, a strong 22.9 per cent jump from a year earlier, according to the General Department of Customs. The “billion club” in the period consisted of telephones and parts; computers, electronic products and spare parts; machinery, equipment, tools and components; footwear; textiles and garments; and seafood.


Ground broken at Nghe An industrial zone

Deputy Prime Minister Vuong Dinh Hue attended a breaking ground ceremony for the WHA Hemaraj Nghe An Industrial Zone project in the north-central province of Nghe An on March 10. This is an important project for attracting investment into the province, marking the success of the cooperation between the province and the Hemaraj Group in particular and Thai enterprises in general. The project has total investment of around VND22 trillion (nearly $1 billion) and covers an area of over 3,200 ha in Nghi Loc and Dien Chau districts. The first phase of the project has investment of $92.2 million on an area of 498 ha and will build synchronous and modern infrastructure and prepare empty land to attract investors inside and outside of the country.


MSMEs in HCMC struggle to upgrade technology

Micro, small and medium-sized enterprises (MSMEs) account for nearly 97 per cent of all businesses in Ho Chi Minh City and more than 90 per cent of newly-established enterprises every year belong to the category, according to a survey by the Ho Chi Minh City Business Association. Despite being the backbone of the city and country’s economy, however, MSMEs face many challenges in accessing funding to upgrade technology to boost productivity and competitiveness. Of all original brand manufacturers (OBM - enterprises that design their own products, buy components produced by others and sell products under their own brands) operating in city’s six key industries of mechanical engineering, food processing, chemical-plastics-rubber, electronics-information, textiles-garments, and footwear, only 48 per cent are MSMEs.

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