The Saigon Hi-Tech Park has granted investment certificates to two supporting enterprises from South Korea.
The Intops Limited Company invested US$80 million to build a plant to produce general telephone parts. It is expected to begin operation in December next year with a capacity of 6.5 million items per year.
The Daihan Climate Control Limited Company will spend $32 million on a plant making heat exchangers. The company will provide 2 million items per year after opening in the second quarter of 2016.
SAI GON GIAI PHONG (Liberated Sai Gon)
Work begins on southern region power line
The southern region Power Plant Project Management Board has begun to lay a 500kV power line through the provinces of Dong Nai and Binh Duong. Total investment is more than VND1.1 trillion (US$50 million).
The 23.32-km line will transmit power from the Dong Nai-based Vinh Tan Power Centre to HCM City and Dong Nai and Binh Duong provinces when it is completed in 2017.
THOI BAO KINH TE VIET NAM (Vietnam Investment Review)
Ha Noi spends $580m to reserve Tet goods
Trade companies, trade centres and supermarkets in Ha Noi have spent more than VND12.78 trillion (US$580 million) to reserve goods for Tet, according to the city's Industry and Trade Department.
They will prepare a supply of goods, such as 5,900 tonnes of rice, 3,400 tonnes of pork, 971 tonnes of chicken, 9.2 million eggs, 1,100 tonnes of frozen seafood and 5.1 million litres of cooking oil.
In the run-up to Tet, the price of rice is forecast to increase by five-seven per cent, and pork, beef, seafood and processed food by 20 per cent, and chicken by 25-27 per cent.
NHAN DAN (The People)
An Giang plans new business model for mall
The Cuu Long (Mekong) Delta province of An Giang has submitted to the government and the Ministry of Finance a plan on stopping operation of the Tinh Bien Mall, home of several duty-free shops, and finding an appropriate business model for it. The work aims to reduce losses for hundreds of investors and businesses.
The mall opened in January 2009 with total registered capital of more than VND665 billion ($30.2 million). Changes in preferential policies and long-term business losses caused the two remaining shops in the mall to close in November.
TUOI TRE (Youth)