Welcomed hundreds of interested students on Sep 09 to an afternoon session at Hoa Sen University. This is the AmCham Scholarship’s 17th anniversary, 2001 – 2017, and 60 scholarships valued at VND 10,000,000 each will be awarded to students from 15 leading universities in Ho Chi Minh City and Binh Duong Province.

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ADB-financed 2nd highway between HCMC and Mekong DeltaThe Asian Development Bank has approved a loan of US$410 million for building a second highway connecting Ho Chi Minh City with the Mekong Delta.

The highway, to cost an estimated $860 million, will also get a grant of $160 million from the Australian Agency for International Development, and a loan of $260 million from the Export-Import Bank of Korea.

The Vietnamese government will put up the rest.

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ho-chi-minh-city-peoples-committee-buildingWith FDI and GDP growth in a structural decline, this event is proposed and organized by the Investment and Trade Promotion Center of HCMC (ITPC) to provide Foreign Business Associations  a chance to discuss with relevant officials their concerns and difficulties in doing business in VN, particularly in HCMC. It will also allow Foreign Business Associations an opportunity to make recommendations to improve the business environment.

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Lê Mạnh Hà, Vice Chairman“We will prioritize funding from the city’s budget for this industry. HCMC has raised funds for research, experimental production and chip development,” said Vice Chairman Lê Mạnh Hà. He said the Government had a preferential policy for hi-tech industries, including loans worth up to 85% of the investment cost and credit support.

And there should be a policy for market development, such as technical barriers to protect locally-made products. State agencies, banks, security and engineering firms should use chips produced at home. This will guarantee sales for chip manufacturers and ensure safety and security for the users.

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University of Hawaii

HCMC:
Time: 6:00pm, Wednesday May 8th, 2013
Venue: 3rd Floor, PVC-Saigon Building, 11bis Nguyen Gia Thieu Street, District 3

HANOI:
Time: 6:00pm, Wednesday May 8th, 2013
Venue: Suite 1101, 11th Floor, Building A, FTU, 91 Chua Lang Street, Dong Da District

To register, click here or call (08) 3933 3033 for HCMC or (04) 906 260 408 for Hanoi

Program Features:

  •     Fully accredited by AACSB International
  •     All PhD-level faculty from the US with hands-on experience
  •     Ranked among the Best Graduate Schools in the US
  •     Rigorous curriculum with a strong focus on Asia Pacific
  •     High caliber executive participants, both Vietnamese and foreigners
  •     Convenient class schedule & study locations
  •     Options to take summer courses in Hawaii
  •     Personalized supporting services
  •     $100,000 in scholarships to award outstanding candidates

Warmest aloha

———–

Phan Ngoc Thanh (Mr.)
Executive MBA in HCMC
UNIVERSITY OF HAWAI’I
3rd Floor, 11bis Nguyen Gia Thieu St., D.3, HCMC
www.shidler.hawaii.edu/vemba
 Best grad school AACSB
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HCMC, Sep 13, 2012. The HCMC government and Japan Bank for International Cooperation (JBIC) signed a memorandum of understanding to establish a joint venture which will invest in infrastructure projects in HCMC.

Under the memorandum, JBIC and HCMC Finance and Investment State-owned Company (HFIC) will set up a financial joint venture to mobilize capital sources for infrastructure projects in the city such as metro lines and elevated roads.

At the signing ceremony, HCMC chairman Le Hoang Quan said infrastructure development would be a top priority of the city in the coming years. The city is in dire need of capital for its metro line projects that are being carried out, he added.

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HCMC – Vietnam’s spending on information technology (IT) is growing at an average rate of 17% per year, almost hitting US$3 billion in 2011 and forecast to reach US$3.5 billion in 2012 if the tempo is maintained.

Speaking at a workshop on Vietnam information and communication technology held in HCMC on Wednesday, Nguyen Trong Duong, head of the IT department under the Ministry of Information and Communications, said Vietnam’s IT spending had been rising sharply in the last five years, despite economic uncertainties.

Moreover, Vietnam’s hardware export has been growing over the past years. In 2011, hardware and electronic products brought in US$11.3 billion, up 101% against 2010, accounting for 82% of the total revenue of the IT industry.

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Jun 6, 2012. HCMC – Germany-based Robert Bosch Group obtained total revenues of US$ 220.5 million in Vietnam last year, up 75% from the previous year, mainly resulting from the export of push-belts, the company said on Tuesday.

Among the six business sectors in Vietnam, the sector of auto spare parts and accessories is the one having the highest sales growth of 160%.

Speaking at the press conference announcing the business results on Tuesday in HCMC, Vo Quang Hue, general director of Robert Bosch Vietnam Co. Ltd., said that this was the result of the domestic investments and the recruitment of more employees to expand operations in three big cities of Hanoi, Danang and HCMC.

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HCMC, May 14, 2012. Japanese enterprises in Vietnam have witnessed a low localization ratio in material and industrial components compared to other Asian nations.

Speaking at a contract signing ceremony for organizing 2012 Metalex Vietnam and Nepcon Vietnam expos last week, Yoshida Sakae, managing director of the Japan External Trade Organization (JETRO) in HCMC, said the localization ratio was 28.7% in Vietnam last year. Meanwhile, Japanese firms in China, Thailand, India and Indonesia have localization ratios of 59.7%, 53%, 41% and 39.3% respectively.

A low localization ratio means investors have to import a lot of overseas materials and components. As a result, production costs in Vietnam are higher than other countries in the region and Vietnamese products will in turn be less competitive on global markets,” Yoshida said.

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In the first four months of 2012, only four State-owned enterprises (SOEs) were equitized, said a report of the Steering Committee for Enterprise Reform and Development. This is a slow progress given an urgent need for SOEs equitization. The Saigon Times Daily talked to Pham Viet Muon, deputy chief of the steering committee, who also serves as vice chairman of the Government Office, on this issue.

Excerpts:

The Saigon Times Daily: Could you comment on the progress of the SOEs equitization process so far?

Pham Viet Muon: SOEs equitization began in 1992, and since 2001 has been accelerated. By the end of 2011, we have equitized nearly 4,000 enterprises. The number of SOEs dropped from the original 12,000 to 5,655 in 2001. Now, there are only 1,309 enterprises wholly owned by the State nationwide.

Basically, most SOEs are turning into joint stock companies, attracting more resources from the society. More importantly, the management of these enterprises has been publicized.

Some data show that in 2011 and the first quarter of 2012, the number of equitized SOEs is very modest. Why does the process slow down?

[There are several reasons, but] the decisive factor is the guidance of ministerial and local agencies, State groups and corporations is not drastic enough.

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