UAE businesses seek investment opportunities in HCM City
Deputy Chairman of the Ho Chi Minh City People Committee Le Thanh Liem on July 31 received a United Arab Emirates (UAE) business group seeking investment cooperation opportunities in the city.
Parking shortage plagues big cities (Photo:new.tuoitre.vn)
Deputy Chairman of the Ho Chi Minh City People Committee Le Thanh Liem on July 31 received a United Arab Emirates (UAE) business group seeking investment cooperation opportunities in the southern city.
Sultan Rashed Ahmad Lootah, General Director of Vault Investment and Management Fund and head of the business group, lauded the city’s development potential and presented a smart city project and an underground car park initiative in the city.
The two projects would fall in line with HCM City’s priorities of advanced technology, a friendly environment and meeting the interests of citizens, he said. Deputy Chairman Le Thanh Liem stressed that the city wishes to attract resources for development investment, particularly from foreign entities. The city also pledges to create favourable conditions for UAE enterprises.
He said he༺ will instruct relevant agencies to work with the UAꦓE side on the proposed projects.-VNA
Ho Chi Minh City ’s authorities on Oct. 15 signed with the Development and Investment for Underground Space Inc. a deal on the construction of an underground multi-storeyed car park at Le Van Tam Park in the city’s central District No. 1.
The People’s Committee of Ho Chi Minh City has allowed the Underground Space Development Investment Corporation (IUS) to carry out a project to build an underground car park in District 1.
There have been many times when Le Van Thanh Tung, a driver working for Bayer Vietnam Company, had to drive around for two or three kilometres to find parking space in downtown HCM City.
Hanoi is to build more underground and multi-storey car parks to meet public demand, as there are 10 times more cars in the city than there are parking spaces.
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According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
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Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Parking shortage plagues big cities (Photo:new.tuoitre.vn)
