Investments industry

Participants at the seminar (Photo: VNA) Hanoi (VNA) - Many businesses from the Republic of Korea (RoK) are looking to connect and get more information about the Vietnamese market as well as investment policies of the country, especially in auto parts, mechanics, and electronics, said Vu Ba Phu, Director of the Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade (MoIT). Speaking at seminar jointly held by Vietrade, the Korea Trade Investment Promotion Agency (KOTRA) and the Vietnam National Trade Fair and Advertising Company (Vinexad) in Hanoi on April 15 in the framework of the 30th International Trade Fair (Vietnam Expo 2021), Phu said this was a good opportunity for Vietnamese industrial parks and businesses to connect with Korean firms to attract investment and expand cooperation in developing value chains in manufacturing. Auto parts manufacturing is one of the top areas attracting interest from businesses in Vietnam at present, Phu … [Read more...] about Korean firms look to invest in auto parts industry in Vietnam

PETALING JAYA: The high-impact Kedah Rubber City (KRC) project in Padang Terap has so far attracted potential investments of more than RM2.1bil with more than 5,000 jobs generated by local rubber industry players. Kedah Mentri Besar Muhammad Sanusi Md Nor said buoyed by the attractive and comprehensive fiscal incentive package, the industry players had given their commitment to be part of the project which is expected to start operating in the second quarter of next year. “KRC has great potential in line with the increasing global demand for rubber products. The first phase of the project started last year and the progress of its implementation is currently more than 30%. “Works on the manufacturing and logistics ecosystem is underway and KRC will be ready to accept investors starting this year, ” he said in a statement here yesterday. Muhammad Sanusi said once fully completed, KRC is ready to drive Malaysia back as a world leader in the rubber industry which will benefit the … [Read more...] about KRC attracts RM2.1bil investments from industry players

More networks, industries, and machines will be interconnected as 5G become more widely available, making security an even bigger challenge for businesses in Asia-Pacific. Along with this, they also will have to deal with the increased complexity of managing 5G infrastructures, including the use of network slicing. Beyond just providing consumers with faster data speeds, the emergence of 5G networks would see more industries and devices connected as enterprises tapped the lower latency the technology could deliver, said John Harrington, Nokia's senior vice president and head of Asia-Pacific Japan. The COVID-19 pandemic also had accelerated the digitalisation of physical industries such as energy and transport and their reliance on high-speed, digital connectivity, he said in a call with ZDNet. Singapore spotlights OT security, unveils security roadmap focusing on infrastructure Stressing the need to safeguard key systems, Singapore will set up a panel comprising … [Read more...] about Security crucial as 5G connects more industries, devices

The record-breaking movie Old Dad (Bố Già) (Photo courtesy of the film) According to experts, the film industry in Vietnam can only develop to new heights when supported by State policies that ensure a balance between the needs of filmmakers and concerns of society. Experts at the conference believe that suitable government policies are essential for the film industry to reach new heights by balancing the market’s demands and filmmakers’ requirements. The currently applicable Cinematography Law of 2006 was built on the basis that cinema is an art field, which is a dated concept since cinema has long developed into an industry as well, said Chairwoman of the Vietnam Association of Film Promotion and Development (VFDA) Dr. Ngo Phuong Lan. While the old law only regulates aspects of the industry like screenwriting, issuing, and distributing film products, experts believe it should be amended to take into account the management of this special product that can provide a unique … [Read more...] about Legal corridor considered for Vietnamese film industry

Seoul: SK Telecom Co, South Korea's largest mobile carrier, said on Wednesday that it will create a new holding company for its non-mobile subsidiaries to accelerate growth in promising fields and help parent group tighten its grip on its chip-making affiliate, SK hynix Inc . The telecom operator said that it will conduct a spin-off to form the holding company, which will oversee operations of its non-mobile affiliates and subsidiaries, such as memory chip giant SK hynix Inc., e-commerce firm 11Street Co and ride-hailing company T Map Mobility Co, among others. The new holding company will also focus on investments in semiconductor-related companies. While SK hynix has made active investments in the past, such as acquiring Intel 's NAND memory business in October last year for $9 billion, its parent SK Group wants to tighten its grip on the chipmaker and help it aggressively expand investments. The remaining entity will focus on the mobile carrier's traditional … [Read more...] about South Korean mobile carrier SK Telecom to split into two firms