National government ministers and vice-ministers of key FDI-related agencies (MPI, MoF, MoIT, VN Customs, VN Tax, MoLISA, etc.) join government leaders and department officials from HCM City and other provinces in the Southern Key Economic Region (SKER) to discuss practical actions to improve business conditions and attract and grow FDI in the region. Read more
in the business environment quality-cost rankings of The World’s Most Competitive Cities in 2013, by Site Selection and IBM Global Services. But that ranking is based largely on cost factors rather than business environment quality factors. Click the image to left and scroll to page 3 to see the complete rankings list. Read more
Binh Duong’s New City Master Plan, based on Japan’s World Renowned “Tokyu Model” Japan’s Tokyu Corp. and Becamex will develop a new city and transport infrastructure in Binh Duong. A key element of the “Tokyu Model”was the land readjustment was used to assemble land and to finance infrastructure for Tama Denen Toshi. A total of fifty-three cooperatives were formed between 1953 and 1966 that allowed the consolidation of more than 4,900 hectares of land. Most original land-holders were farmers who placed trust in the Tokyu Corporation’s ability to create high-quality communities because of the company’s track record as a successful builder of garden cities (when known as the Garden City, or Denen Toshi, Corporation). The cooperatives relinquished development rights and full control over project planning to the Tokyu Corporation. Among Japanese city planners, this unprecedented approach to new town development became as the “Tokyu Method,” which could help ease the frequent disputes about “resettlement” in Vietnam between property developers and the people on the land. Read more
According to the latest Tholons’ report on the 100 cities in the world most attractive in software outsourcing, HCM City ranks the 17th, while Hanoi at 21st.
Tholons still believes that in South East Asia, Vietnam remains one of the biggest ITO (information technology service outsourcing) providers which can replace India and China in the field.
The low labor cost, the improved business environment and qualified labor force all are the reasons that have made big companies such as Intel, IBM, Teleperformance and Siemens decide to set up their distribution centers in Vietnam.
April 26, 2012. Bitexco, a multi-industry group, announced on April 26 that it will pour US$ 500 million into a trade centre-office-residential complex to be built in district 1, HCM City.
The General Director of Bitexco Group, In-Suk Ko, said that The One Ho Chi Minh City will get off the ground on April 27, covering a total area of 8,600 square meters.
The complex will include two towers of 55 and 48 stories, a trade centre, offices, and apartments for rent, and a six-star Ritz Carlton hotel.
VietNamNet Bridge, Jul 13, 2011. Admitting that strikes are taking place seriously, the Party Secretary of HCM City said that the city aims to reducing and then putting an end to this situation from now to the year’s end.
Speaking at the HCM City Party Committee’s meeting on July 12, Party Secretary Le Thanh Hai said that strikes are very serious in the city (HCM City has 1.5 million workers, each 12 workers, 1 involves in strikes). The city needs to harmoniously deal with two issues: taking care of the life of workers and assisting businesses to deal with difficulties.
“We have to take action immediately to reduce to the lowest level and then put an end to this situation,” Mr. Hai said.
HCM CITY, Mar 29, 2011. Agreements for investment and development of monorail lines No. 2 and 3 and metro line No. 4 were signed on Saturday between the management board of the HCM City Urban Railway and the Italian-Thai Development Public Co. Ltd. (ITD).
ITD proposed a feability study and applied for permission to invest in the BOT (Build-Operate-Transfer) form for the monorail lines No.2 and 3, and to use ODA loans or EPC (Engineering-Procurement-Construction) investment form for the metro line No. 4, according to Nguyen Luong Do, head of the Urban Railway management board.
Do said capital for these projects, estimated at US$ 4.55 billion, would be mobilised from Standard Chartered Bank.