Business News

Although the financial terms of the transaction were not disclosed, Brooke Miller, Asia Pacific president at Lineage commented that partnering with SK Logistics is a remarkable opportunity for the company to continue delivering its cold storage solutions in the Asia Pacific region.

Cumulative foreign direct investment (FDI) commitment in Viet Nam increased despite global uncertainties, thanks to continued confidence in Viet Nam’s stability and openness, noted the World Bank (WB). In its Viet Nam Macro Monitoring for October 2023 report, the WB said, FDI commitment in Viet Nam for the first 10 months of 2023 reached US$25.7 billion, 14.7 percent higher than the same period last year.

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By way of background, the scheme was launched in 2014 to provide overseas internship opportunities for students of 11 HK tertiary institutions (8 govt-funded universities + 2 private universities + HK Academy of Performing Arts) to widen their horizons while cultivating them as "ambassadors" to strengthen HK-ASEAN bilateral ties. To date, over 860 students have joined the scheme in the past years, interning in three Economic and Trade Offices (Singapore, Bangkok and Jakarta), APEC Secretariat, and various private companies in the fields of aviation, port, finance, law, education, MICE etc.

On November 21, the results of the AHK World Business Outlook Fall 2023 survey were unveiled, providing valuable insights into the perspectives of German investors around the world and in Vietnam. The survey, conducted from September 25 to October 20, focused on assessing the business situation, expectations, investment activities, and associated risks faced by German companies operating in Vietnam.

With less than six weeks before the year 2023 is out, Vietnam is seeing the public investment disbursement target for the year as an impossible mission. Data from the Ministry of Finance showed that the nationwide disbursement results up to October amounted to 52% of the full-year plan and achieved 56% of the target set by the prime minister.

Accordingly, the State Bank of Vietnam was assigned to partner with the Ministry of Information and Communications, the Ministry of Public Security, the Ministry of Justice, and relevant agencies to review and report the issuance of legal documents regulating Mobile-Money service before May 2024 to competent authorities.