HCMC investment shifts toward tech
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With Ho Chi Minh City now discouraging investment in labour-intensive sectors in preference for technology-based industries, investment in its industrial parks and export-processing zones decreased by 53.95 per cent year on year in the first nine months o
Hepza issued investment certificates for 14 FDI projects worth $46.96 million, a year-on-year fall of 88.9 per cent, while 23 existing projects invested an additional $120.79 million, an increase of 33.88 per cent.
Japan was the largest investor, accounting for 77.35 per cent of the investment, followed by Singapore (9.59 per cent), South Korea (7.64 per cent) and Hong Kong (2.22 per cent).
Most of the investments were in electronics (76.29 per cent) followed by food processing (5.73 per cent), high-end textiles (4 per cent), mechanical engineering (2 per cent), and plastic and rubber (1.26 per cent).
Tran Cong Khanh, head of the Hepza office, told a press briefing yesterday that this year, Hepza is encouraging investment in high-tech and supporting industries as well as the four key industries of mechanical engineering, electronics and IT, chemicals, and food processing.
Investment by domestic enterprises fell 26.9 per cent to $187.05 million, with 50 new projects worth $146.04 million getting licences, an increase of 11.2 per cent.- Viet Nam News
Breweries’ share sales
The Ministry of Industry and Trade (MoIT) issued a decision to establish a steering committee for the sale of shares of two leading brewery companies.
Sai Gon Alcohol, Beer and Beverages Corp. (Sabeco) and Hanoi Beer Alcohol and Beverage JSC (Habeco) will complete their divestiture from state funding in the near future.
The steering committee will be headed by MoIT Deputy Minister Cao Quoc Hung and consist of 10 other members from MoIT’s relevant departments and directors of Sabeco and Habeco.
The committee will aid Cao in governing the sale of shares in Sabeco and Habeco as per instructions from the prime minister as well as assisting in the implementation of the two companies’ divestment from state funding in accordance with legal procedures. - Viet Nam News
Russian interest
A Russian company is interested in developing a passenger and logistics rail track linking Samarinda and Balikpapan in East Kalimantan, a top official said on Tuesday.
Transportation Minister Budi Karya Sumadi said an executive of Russian transportation and infrastructure firm JSC Russian Railways (RZD) had expressed interest during a meeting with the ministry last week.
“They are interested in [developing] a rail track connecting Balikpapan to Samarinda. Since [the demand of] passengers and logistics are there, the project will make transportation there more efficient,” Budi said in Jakarta. - Jakarta Post
