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Posts Tagged ‘hi-tech’

HCMC: hi-tech industry popular with investors

In Uncategorized on October 19, 2010 at 8:10 pm

HCMC: hi-tech industry popular with investors

QĐND – Tuesday, October 19, 2010, 22:15 (GMT+7)

Many world leading hi-tech groups such as Intel from the US , Nidec from Japan and German based multi-national Bosch are increasing the scale of their investment in Ho Chi Minh City , an indication of how attractive the hi-tech industry has become to investors.

Intel Vietnam said it would officially inaugurate the first phase of its largest global micro-chip plant, with an investment capital of 1 billion USD, at the Ho Chi Minh City Hi-tech Zone later this month.

The first batch of Intel chips worth 120 million USD is expected to be exported later this year.

Also in October, Bosch Vietnam will have its software research and production centre in Ho Chi Minh City up and running, the company’s second major production facility in the Asia-Pacific region.

According to Bosch Vietnam ’s Managing Director Vo Quang Hue, by the end of this year, the company will have begun the first phase of a 24 million USD auto-parts factory in Long Thanh district, Dong Nai. It also plans to inject an additional 30 million VND to finish the factory by 2015.

Vietnam is now the only Southeast Asian market where Bosch are involved in all three stages, research, production and sales.

Despite operating four projects in HCM City , with a combined investment of nearly 500 million USD, Nidec President Nagomori Shigennobu still says his company will continue with its investment, research and development activities in the HCM City Hi-tech Zone, as well as call on its Japanese partners to invest more in this field.

According to the General Secretary of the Vietnam Electronics Businesses Association Tran Quang Hung, the presence of foreign groups in the hi-tech industry creates opportunities for Vietnamese workers to learn and improve their skills and gradually expand the number of subsidiaries producing components for overseas companies in the next 5-10 years.

Many small and medium sized Vietnamese companies investing in the hi-tech industry could also become partners of foreign groups to manufacture spare parts and help to improve the country’s competitiveness in this sector, he added.

Vietnam has several advantages over other regional countries, such as cheap labour costs and a convenient location for transporting goods to other markets in the Asia-Pacific region, said Hue, adding that in order to develop its hi-tech industry, the country should define itself as a destination for large manufacturers.

Source: VNA

Source: QDND

Binh Duong urged to develop hi-tech industries

In Uncategorized on August 10, 2010 at 3:20 pm

Binh Duong urged to develop hi-tech industries

QĐND – Tuesday, August 10, 2010, 20:50 (GMT+7)

The southern province of Binh Duong should adopt proper policies to draw more investments in hi-tech industries and financial and trade services in order to ensure its rapid and sustainable growth.

PM Nguyen Tan Dung delivered the request during a working session with local authorities on August 10, focusing on the province’s performance of socio-economic tasks in the 2006-2010 period and its development directions for the next five years.

Binh Duong should review the planning of industrial zones and high-quality agriculture combined with the development of modern urban centres and the processing industry, striving for an annual average GDP growth rate of more than 13 percent in the next five years and a per capita income of over 60 million VND by 2015, he said.

The leader urged the province to focus on developing its human resources and transport infrastructure, taking care of and protecting the legitimate interests of workers, and paying due attention to environmental protection.

He commended Binh Duong on multifaceted achievements it has recorded over the past five years, citing its annual average economic growth of 14 percent and a 20 percent rise in industrial production value, and per capita income of 30 million VND a year.

The province attracted 846 foreign-invested projects with a combined capital of 7.3 billion USD during the review period, bringing the total number of projects to 1,966 and capitalised at 13.3 billion USD.

Binh Duong managed to reduce the number of poor households to below 1 percent and raise the rate of trained workers to 60 percent of its workforce, while making progress in the fields of culture, education, health care and the environment, PM Dung said.

However, the PM noted that the provincial leaders must be careful while mapping out urban development plans, especially those regarding housing and welfare projects, as the province’s population has grown rapidly due to the influx of migrant workers.

He also proposed the province take drastic measures to accomplish this year’s socio-economic targets and successfully organise Party congresses at all levels.

Source: VNA Photo: VOV

Source: QDND

Hung Yen urged to become Vietnam’s hi-tech hub

In Uncategorized on May 11, 2010 at 4:49 pm

Hung Yen urged to become Vietnam’s hi-tech hub

QĐND – Tuesday, May 11, 2010, 22:56 (GMT+7)

The northern province of Hung Yen should take full advantages of its favourable location and human resources to become the country’s hi-tech and industrial centre.

Prime Minister Nguyen Tan Dung stated this during his visit to the Red River Delta province on May 11.

In addition, the province should develop agriculture and value-added services to develop fast and sustainably in the next five years, the PM told local officials.

In spite of speaking highly of Hung Yen’s achievements in all fields over the past years, Dung still pointed out weaknesses in agricultural and industrial production as well as the environmental pollution issue the province is facing.

Based on the socio-economic development master plan, Hung Yen should design specific plans for its infrastructure, healthcare and education facilities and industrial zones to prevent them from developing uncontrollably, said the PM.

Also, the province needs to bring new technologies into production, added the PM while calling for more investments in the local hi-tech and industrial zones.

Source: Vietnam+

Source: QDND

VN’s pharmaceutical industry needs hi-tech investment

In Vietnam Science on September 8, 2009 at 5:12 pm

Although Vietnam has a treasure of abundant and diverse sources of pharmaceutical materials, including nearly 4,000 herbal plants, the country’s pharmaceutical industry currently depends on material imported from China to make up medicines. To exploit its own resources, it is necessary for Vietnam to boost investments in hi-tech extraction technologies.

A technician determines the quality of active element 10 DAB III and Taxol from Taxaceae via chromatography analysis (Photo: SGGP)

Latest statistical reports from the Drug Administration of Vietnam indicated that in 2008, locally-produced medicines meet just 50.18 percent of demand, with eighty percent of materials for the production of medicine imported from foreign countries, mainly from China.

Pharmacist Nguyen Tien Hung, chairman of the Board of Directors of the Vietnam Medical Products Import – Export Company (Vimedimex) blamed the situation for the fact that Vietnam has not yet made adequate investment in modern separation and extraction technologies to exploit medicinal plants.

Reality shows that extraction technology of medicinal plants in the country is still underdeveloped. At present, Vietnam does not have any large hi-tech extraction plants. Most oriental medicine businesses build small scale plants, which are suitable for their own production demand.

The main extraction method employed in such plants is just intended for concentrating glues at normal pressure. Extraction plants built in areas where herbal plants are grown as materials, if any, are also small, equipped with rudimentary machines and equipment. Such plants are only used for producing one or two kinds of glues.

Thanks to the growing tendency among consumers to use herbal remedies, a number of oriental medicine businesses have begun to invest in modern plants equipped with controllable heat extraction technology.

No matter how modern they are, such plants cannot produce high-quality medicinal medicines that can compete with imported products because they are still falling short in extraction processes.

Mr Hung pointed out that last year, Prime Minister Nguyen Tan Dung approved a project to boost the development of the pharmaceutical industry and build a drug distribution system for the stages 2007 – 2015 and 2016-2020.

The PM also issued two decisions to stimulate the investment in plants to extract active elements from pharmaceutical materials, but no company has gained benefits from these policies.

It is really a loss for the country because if Vietnam can exploit the resources of medicinal plants appropriately, it can earn millions of US dollars each year.

Cited as an example, Mr Hung said that in 1980s Dr. B. Gluzin, deputy director of Medicinal Plant Research Institute of the Russian Ministry of Agriculture, and his fellow-workers came to work in Vietnam and found a large volume of mangiferin (an anti-oxidant agent) contained in mango leaves. This kind of mango leaf extract is used for making medicines that cures shingles.

Based on the discovery, Russia decided to partially transfer the extraction technology to Vimedimex and placed an order, under which Vimedimex would supply mangiferin in the form of crude material to Russia.

In 1998, Vietnam exported mangiferin with a purity of between 75 and 78 percent for the first time. In 2002, Sovipharm Joint -Venture (now BV Pharma) was established and Russia decided to transfer the entire extraction technology to Vietnam.

Hi-tech extraction technologies will help Vietnam produce hi-quality medicines that can compete with imported products (Photo: SGGP)

At present, BV Pharma can produce mangiferin with a purity of 98 and 100 percent. The volume of material and medicines in the form of finished products exported to Russia is worth $1 million a year.

But it is not merely mango leaves, Vietnam has hundreds of kinds of medicinal plants with high contents of precious active elements. For example, Taxol is found in Taxaceae; Rurin and Troxerutin in Sophora japonica L. and Curcumin and Quercetin in Curcuma.

Pharmacist Tran Hung, head of Department of Pharmaceutical Materials of the HCMC University of Medical and Pharmacy, said that to boost the development of the pharmaceutical industry and improve the production capacity of specific medicines, Vietnam has no choice but to stimulate investment in high-tech extraction technologies.

To do so, it is necessary for the Government to have policies to encourage simultaneous investment in material growing areas, high technology and training.

Since businesses feel hesitant to invest in hi-tech extraction technologies, as they require large investment capital, Mr Hung said that the Government should also issue macro policies related to financial funding and tax incentives to encourage investors.  

Source: SGGP

HCM City seeks funds for hi-tech, green projects

In Uncategorized on August 4, 2008 at 3:42 pm

Ho Chi Minh City is seeking investment in hi-tech, environmentally friendly projects to meet development demand in the next two years, according to the city’s Planning and Investment Department.

Hardware, software development and production of electronic parts as well as precision engineering are all part of the city’s plan.

Multibillion dollar projects this year included the 3.5 billion USD Berjaya International University , the 1.2 billion USD TECO software park and the 1.2 billion USD TA skyscraper.

The TECO software park in Thu Thiem New Urban area in District 12 will develop a space of 700,000 square metres for hi-tech, software, banking and insurance companies.

The city will also call on further investment for new roads, bridges and electricity and water supplies to meet economic growth.

To generate capital for infrastructure, the city will raise capitals from different sources, including private investors, since there are limited funds from the State budget.

Getting funds from Official Development Assistance (ODA) is difficult because of loan procedures.

In the 2008-10 period, the city will promote economic restructuring with a focus on hi-tech industry and services, and prevention of environmental pollution.

The city has proposed that the Government support the plan to develop the city into the country’s major financial centre, and set up a Finance Investment Company to generate capital.

The city’s Department of Planning and Investment will closely coordinate with the Trade and Investment Promotion Centre to promote investments in industrial production and hi-tech industry, especially key industrial sectors such as electronics, information technology, precision engineering, chemicals and food processing.

In the first seven months of this year, the city has attracted 172 foreign direct investment (FDI) projects with a total capital of 7.9 billion USD, an increase of 12 times compared with the same period last year.

Experts said the city had succeeded in drawing FDI because of its improved investment climate, administrative reforms and streamlined investment licensing procedures.

HCM City has 2,908 valid FDI projects worth 24.91 billion USD.-