BOTH FDI INFLOWS AND DISBURSEMENT RAISING
There were 2,608 newly registered projects with a combined capital of $15.29 billion, up 66.1 per cent in the number of projects and 54 per cent in capital compared to the same period last year. The value of capital contribution and share purchase deals rose by 35.4 per cent to $5.13 billion.
SUPPORTING INDUSTRY: LOW QUALITY, HIGH PRICE
The scale and capacity of Vietnamese supporting industry enterprises are still limited. Data from the General Statistics Office of Việt Nam showed that the number of supporting industry enterprises nationwide currently stands at about 5,000.
OUTSTANDING REAL ESTATE LOANS SURGE
A recent report from the Ministry of Construction, which used data from the State Bank of Vietnam (SBV), said that different segments of the real estate sector saw their outstanding loans soaring in August. These segments include housing development, office space, industrial park, restaurant and hotel, and home repair.
HEADQUARTERS ECONOMY TO HELP HK FIGHT FOR TALENT
Tens of thousands of people have moved to Hong Kong since last year under measures designed to attract talent, but the city will need to strengthen its efforts to remain competitive, Chief Executive John Lee said on Wednesday.
HCM CITY PLANS TO BECOME SMART CITY BY 2030
The city is one of the first localities in the country to successfully integrate a system of electronic authentication and identification for citizens with the National Population Database managed by the Ministry of Public Security, the National Public Service e-portal, the Database on Administrative Procedures managed by the Government Office, and other essential national databases (social insurance and justice).
FIRMS HOLD CHANCES TO BOOST SUPPORTING INDUSTRIES AMID FDI INFLOWS
Among the 1,300 European businesses inquiring about the investment climate in Vietnam, up to 63% listed the country among the top 10 destinations for foreign direct investment (FDI) firms, the Sai Gon Giai phong (Liberated Saigon) daily reported.
SINGAPORE TO IMPORT 1.2GW OF LOW-CARBON ENERGY FROM VIETNAM
Singapore’s Energy Market Authority (EMA) on October 24 announced that it has given tentative approval for plans to import 1.2 gigawatts (GW) of primarily wind-generated electricity from Vietnam.
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