Deputy minister recommends US firms build data centres in Vietnam

By Vietnam News
Thu, June 20, 2024 | 10:02 am GMT+7

Deputy Minister of Information and Communications Phan Tam has called on U.S. cloud computing enterprises to look into developing large-scale data centres in Ho Chi Minh City and Danang.

Deputy Minister of Information and Communications Phan Tam receives Jason Oxman, president and CEO of the US-based Information Technology Industry Council, on June 18, 2024. Photo courtesy of the ministry.

Deputy Minister of Information and Communications Phan Tam receives Jason Oxman, president and CEO of the US-based Information Technology Industry Council, on June 18, 2024. Photo courtesy of the ministry.

While receiving Jason Oxman, president and CEO of the US-based Information Technology Industry Council (ITI), on Tuesday, Tam said that trade and investment cooperation between the U.S. and Vietnam has become robust.

In the field of information and technology, Vietnam aims to promote cooperation and work towards fairness and mutual benefits with partners around the world, especially with technological powerhouses like the U.S., Tam said.

The deputy minister noted he expected ITI to act as a bridge connecting Vietnam’s technology industry with companies in the U.S.

He also provided updates about IT policies in Vietnam, including the development of 6G and the national digital transformation programme, with a focus on digital infrastructure.

Stressing Vietnam's favorable investment attraction policies for high-tech fields, Tam urged U.S. companies to consider investments in Vietnam, especially in developing data centres in HCMC and Danang, where projects to build regional financial centres are already underway.

In response, Oxman said that ITI members have shown special interest in Southeast Asian markets, especially Vietnam, in the context of global supply shifts.

If Vietnam develops 5G/6G standards that are compatible and consistent with global standards, especially in testing and certification, the country can attract investments in device manufacturing, he said.

Comments (0)
  • Read More
Vietnamese companies raise abundant proceeds from share offerings despite gloomy market

Vietnamese companies raise abundant proceeds from share offerings despite gloomy market

Though the local stock market is in a downturn, many large Vietnamese companies have been able to raise abundant proceeds by offering hundreds of millions of shares to shareholders.

Finance - Sun, December 1, 2024 | 4:02 pm GMT+7

Dragon Capital favors PV Drilling’s stock for short-term trading

Dragon Capital favors PV Drilling’s stock for short-term trading

Dragon Capital, one of the most prominent investment fund groups in Vietnam, has been actively trading PVD shares of PV Drilling, the drilling arm of state-owned Petrovietnam, with a stake ranging from 4.9% to 5.1%.

Finance - Sun, December 1, 2024 | 2:20 pm GMT+7

Indonesia eyes to use fuel subsidy scheme to strengthen purchasing power

Indonesia eyes to use fuel subsidy scheme to strengthen purchasing power

Indonesian Energy and Mineral Resources Minister Bahlil Lahadalia has said that his ministry will proposed the Government a new fuel subsidy scheme that involves a combination of subsidised goods and direct cash transfer (BLT).

Southeast Asia - Sun, December 1, 2024 | 11:45 am GMT+7

HCMC-based Thuduc House appoints new CEO

HCMC-based Thuduc House appoints new CEO

Thuduc House has appointed Tran Thi Lien as general director, replacing Nguyen Hai Long who becomes its senior advisor.

Companies - Sun, December 1, 2024 | 11:39 am GMT+7

Vietnam Airlines allowed to expand chartered capital by maximum $868 mln

Vietnam Airlines allowed to expand chartered capital by maximum $868 mln

The Vietnamese parliament on Saturday allowed national flag carrier Vietnam Airlines to increase its charter capital by a maximum of VND22,000 billion ($868 million) by offering shares to existing shareholders.

Companies - Sun, December 1, 2024 | 9:42 am GMT+7

Nike’s Korean supplier to spend $26 mln on Lunar New Year bonuses for Vietnam workers

Nike’s Korean supplier to spend $26 mln on Lunar New Year bonuses for Vietnam workers

Changshin Vietnam, a South Korean-invested shoemaker and a supplier of Nike, plans to spend VND650 billion ($25.6 million) on Lunar New Year (Tet) bonuses for its workers.

Society - Sun, December 1, 2024 | 8:00 am GMT+7

Vietnam parliament greenlights $67 bln North-South high-speed railway project

Vietnam parliament greenlights $67 bln North-South high-speed railway project

The National Assembly, Vietnam's highest legislative body, on Saturday okayed the government's North-South high-speed railway proposal, with 443 out of 454 members voting in favor.

Investing - Sat, November 30, 2024 | 8:51 pm GMT+7

Vietnam resumes nuclear power project after 8-year pause

Vietnam resumes nuclear power project after 8-year pause

The National Assembly, Vietnam's legislature, has agreed to resume a nuclear power project in the south-central province of Ninh Thuan after an eight-year suspension.

Energy - Sat, November 30, 2024 | 8:20 pm GMT+7

Vietnam’s Thua Thien Hue province to become federally managed Hue city after parliament vote

Vietnam’s Thua Thien Hue province to become federally managed Hue city after parliament vote

Vietnam’s National Assembly approved a resolution Saturday to establish Thua Thien Hue province as Hue, a centrally-governed city, with 458 out of 461 delegates, or 95.62%, voting in favor.

Society - Sat, November 30, 2024 | 2:27 pm GMT+7

Vingroup transfers 80% stake in real estate subsidiary to foreign investors

Vingroup transfers 80% stake in real estate subsidiary to foreign investors

Conglomerate Vingroup has decided to transfer an 80% stake in its real estate subsidiary, VYHT JSC, to foreign investor(s), the Vietnamese corporate giant announced in a board resolution.

Real Estate - Sat, November 30, 2024 | 2:10 pm GMT+7

Petrovietnam unit builds substation platforms for 1.5 GW offshore wind power project in Baltic Sea

Petrovietnam unit builds substation platforms for 1.5 GW offshore wind power project in Baltic Sea

Petrovietnam Technical Services Corp (PTSC), the technical arm of Vietnam’s state-owned Petrovietnam, has kicked off the construction of substation platforms for the 1.5-GW Baltica 2 offshore wind power project.

Energy - Sat, November 30, 2024 | 2:00 pm GMT+7

Vietnam requires e-commerce platforms to pay taxes on behalf of selllers starting 2025

Vietnam requires e-commerce platforms to pay taxes on behalf of selllers starting 2025

Starting January 1, 2025, e-commerce and digital platforms will be required to declare and pay taxes on behalf of sellers operating on their platforms, according to Vietnam's amended Law on Tax Administration.

Economy - Sat, November 30, 2024 | 1:53 pm GMT+7

Bamboo Capital energy arm aims to spearhead clean energy, support sustainable development in Vietnam

Bamboo Capital energy arm aims to spearhead clean energy, support sustainable development in Vietnam

Vietnamese private conglomerate Bamboo Capital says its response to climate change challenges is to have its energy arm BCG Energy pioneer the clean energy trend and contribute to the nation’s sustainable growth.

Bamboo Capital - Sat, November 30, 2024 | 1:30 pm GMT+7

Private giant Vingroup to build electric vehicle factory in central Vietnam

Private giant Vingroup to build electric vehicle factory in central Vietnam

The central province of Ha Tinh on Friday gave in-principle approval to a VND7.3 trillion ($288 million) EV plant project, invested by Vinhomes - a subsidiary of Vietnam’s private conglomerate Vingroup, in Ky Anh town.

Industries - Sat, November 30, 2024 | 10:33 am GMT+7

Denmark’s offshore wind power developer CIP willing to partner with Vietnamese SOEs: exec

Denmark’s offshore wind power developer CIP willing to partner with Vietnamese SOEs: exec

Copenhagen Infrastructure Partners (CIP), a major Danish offshore wind power developer, is willing to collaborate with Vietnamese state-owned enterprises (SOEs), says Stuart Livesey, CEO of Copenhagen Offshore Partners, a partner of CIP.

Energy - Sat, November 30, 2024 | 9:47 am GMT+7

Viettel to launch $130 mln logistics park in northern Vietnam next month

Viettel to launch $130 mln logistics park in northern Vietnam next month

Viettel aims to inaugurate a VND3.3 trillion ($130 million) logistics park next month in Lang Son, Vietnam's northern mountainous province bordering China.

Infrastructure - Sat, November 30, 2024 | 7:52 am GMT+7