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Incentive mechanisms needed for semiconductor industry: PM

Prime Minister Pham Minh Chinh, Head of the National Steering Committee for Semiconductor Industry Development, urged the development of incentive mechanisms and policies to promote the development of the semiconductor industry, while chairing the first meeting of the committee in Hanoi on December 14 morning.


Prime Minister Pham Minh Chinh at the meeting

Emphasising that developing the semiconductor industry is a necessity, a strategic breakthrough, and also a key task in the coming time, the PM said that it requires the participation of the entire political system, the engagement of people, businesses, investors, and the support of international friends.

The determination to implement the scheme must be demonstrated through specific, methodical, scientific, and drastic actions, he stressed…

The PM urged establishing an investment support fund, transferring technology, and optimising Vietnam’s potential, opportunities, and competitive advantages.

Source: VietnamPlus

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Quang Ninh – Linking forum to promote smart manufacturing supply chain

On December 12, VCCI organized the Eastern Expressway Industrial Park Forum 2024 with the theme “Linking to promote smart manufacturing supply chain”.

The forum was held in Ha Long City, this is a conference aimed at gradually creating links and connecting regions, forming a development cooperation network and forming a smart production chain, promoting growth.

Attending the conference were Mr. Pham Tan Cong, Chairman of the Vietnam Federation of Commerce and Industry (VCCI), and leaders of Quang Ninh, Hung Yen, Hai Duong and Hai Phong city.

In July 2022, the Eastern Expressway Economic Connection Agreement was signed between VCCI and 4 localities including Quang Ninh, Hai Phong, Hai Duong, and Hung Yen. This is an initiative in implementing the Party and State’s policy on regional connectivity, promoting the potential and advantages of each locality.


Mr. Pham Tan Cong at the conference.

Speaking at the opening of the conference, Mr. Pham Tan Cong affirmed that Resolution 30-NQ/TW of the Politburo on socio-economic development and ensuring national defense and security in the Red River Delta region to 2030, with a vision to 2045, emphasized the role of the Red River Delta as a driving force for national economic development, prioritizing industrial modernization, expanding infrastructure and implementing sustainable development policies.


The resolution aims to build advanced industrial clusters, modern logistics networks and sustainable resource management to create a sustainable and globally competitive economy.

The forum is an opportunity for state agencies and businesses to share experiences, discuss solutions to promote smart manufacturing supply chains and build cooperative relationships with international businesses and organizations.

Source: Kinh tế & Đô thị

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Viglacera was honored as “Top 50 Most Effective Business Companies in Vietnam 2024” and “Typical Real Estate 2024”

On December 11, 2024, at Caravelle SaiGon (District 1, Ho Chi Minh City), Viglacera continued to affirm its leading position in the field of Construction Materials and Real Estate when it was honored in 2 categories “Top 50 Most Effective Business Companies in Vietnam 2024” and “Typical Real Estate 2024 – Enterprise – Typical Building and Construction Materials Supply Enterprise”. The award is not only a recognition of Viglacera’s outstanding efforts but also a clear demonstration of the trust of the market and customers in the brand.

 
Mr. Nguyen Quoc Huy – Deputy Director of the Commercial Department was honored to represent Viglacera Corporation – JSC to receive the award “Top 50 Most Effective Companies in Vietnam 2024”

The “Top 50 Most Effective Companies in Vietnam” (TOP50) ranking is a prestigious ranking conducted annually by Nhip Cau Dau Tu Magazine in collaboration with Thien Viet Securities Company, with the consultation of leading economic and business experts from Harvard Business School.

Over the past 13 years (2010-2024), the TOP50 ranking has become a prestigious measure to evaluate the performance of leading enterprises in Vietnam. With strict evaluation criteria based on 3 core growth indicators: revenue, return on equity (ROE) and earnings per share, TOP50 has succeeded in finding “big guys” with huge scale, high capitalization value and strong growth rate, contributing significantly to the development of the economy.


Viglacera Corporation – JSC received the award “Typical Real Estate 2024”

According to the report from TOP50 this year, Viglacera Corporation has achieved many impressive achievements with an average compound growth rate in the last 3 years (2021-2023) (SR-CAGR) reaching 12.0%, return on equity (ROE) reaching 19.0% and return on stock (Stock Return) reaching 137.0%. These figures show the remarkable growth of the enterprise in recent times, thanks to breakthrough business initiatives and strong investment in product and service quality, Viglacera has continuously created outstanding values, meeting the increasing demands of the market.

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Hue to Become a Centrally-Run City in 2025

As of January 1, 2025, Hue City, with an area of nearly 5,000 square kilometers and a population exceeding 1.2 million, will officially become a centrally-run city. This milestone will bring Vietnam’s total number of centrally governed cities to six.

The resolution designates the entire natural area of 4,947.11 square kilometers and the population of 1,236,393 from Thua Thien Hue Province to the newly established city. Hue City will border Da Nang City, Quang Nam Province, Quang Tri Province, Laos, and the East Sea.


Hue City.

The resolution will take effect on January 1, 2025. At that time, Vietnam’s centrally governed cities will include Hanoi, Da Nang, Hai Phong, Ho Chi Minh City, Can Tho, and Hue.

According to the establishment proposal, Hue City as a centrally administered city will encompass nearly 5,000 km² with approximately 1.2 million inhabitants, comprising 9 administrative districts (2 urban districts, 3 towns, and 4 rural districts), and 133 commune-level administrative units (78 communes, 48 wards, and 7 villages).

Source: VnExpress

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