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Binh Duong licences 17 more FDI projects

The People’s Committee of Binh Duong province on August 14 th held a ceremony to grant licences to 17 foreign direct investment (FDI) projects, of which 14 have invested in the Vietnam – Singapore Industrial Park (VSIP). The projects include 12 already in operation, funded with 493 million USD and, five newly-licensed projects with a total...

Posted date: Wed, 15 Aug 2012 - From: Investment News

VSIP pours $25 million into Binh Duong projects

Vietnam Singapore Industrial Park (VSIP) and Standard Chartered Bank signed a $25 million loan agreement in Binh Duong on August 8. VSIP general director Nguyen Phu Thinh said the five-year loan will be used to develop urban areas and industrial services in VSIP, which has so far attracted 51 projects. VSIP is located on 1,700 hectares,...

Posted date: Thu, 09 Aug 2012 - From: Investment News

Accelerating reforms to attract more investment

Many foreign investors say that slow and cumbersome investment procedures would make Vietnam suffer millions of job losses. In the first half of this year, Vietnam granted investment licenses to 452 new foreign invested projects with a total capitalization of more than US$4.76 billion, not to mention 123 existing projects with additional capital...

Posted date: Thu, 09 Aug 2012 - From: Investment News

Investment in agricultural sector still low

HCM CITY — Only 55-60 per cent of the agricultural sector has met its investment needs, and if a new policy for the industry is not drawn up by the Government, the sector could be taken over by foreign companies, according to experts. Although agricultural exports have recorded steady growth over the years, investment in the sector has been...

Posted date: Thu, 02 Aug 2012 - From: Investment News

Quang Ninh realises flour investment

A ground-breaking ceremony for the VMF-WILMAR wheat flour mill was held at the Cai Lan Industrial Park in the northern coastal province of Quang Ninh on July 31. A total capital investment of 47 million USD, by the Wilmar Group of Singapore and FFM Group of Malaysia, will see 500 tonnes of wheat flour produced per day when the plant goes into...

Posted date: Tue, 31 Jul 2012 - From: Investment News

Peru eyes Vietnamese market

The Foreign Trade Association of Peru (ComexPeru) affirmed that Vietnam is considered a potential partner for Peru to boost its foreign investment. ComexPeru also said that a trade agreement with Vietnam will foster multifaceted bilateral cooperation, and especially attract investment from the Southeast Asian nation. In a press release...

Posted date: Tue, 31 Jul 2012 - From: Investment News

Vietnam is Peru’s attractive investment destination

The Peru Foreign Trade Association (ComexPerú) has affirmed that Vietnam is an attractive investment destination when many of its firms are investing abroad. ComexPerú has also said a trade agreement with Vietnam will help boost the two-way trade and lure investment from the Southeast Asian country. Official news agency Andinas has quoted...

Posted date: Tue, 31 Jul 2012 - From: Investment News

Noi Bai IP getting set to roll out a new phase

Hanoi-based Noi Bai Industrial Park’s second phase is expected to start as soon as site clearance is completed late this year. Hanoi Industrial and Export Processing Zones Authority (Hiza) vice chairman Nguyen Xuan Linh said site clearance would be finalised this year. Noi Bai Industrial Park’s (IP) developer, a joint venture between...

Posted date: Tue, 31 Jul 2012 - From: Investment News

VN needs to change investment policy: Japanese expert

Vietnam should develop better policies and be more transparent to attract investment for infrastructure development, says Tadashi Maeda, a Senior Advisor of the Japanese government. Tadashi, who currently is the Managing Executive Officer and Global Head of the Infrastructure Finance Group based in Tokyo, told Tuoi Tre in an interview that for...

Posted date: Tue, 31 Jul 2012 - From: Investment News

Massive investment potential is untapped

Vietnam is still ranked among the 20 top prospective host economies for foreign direct investment. According to the “World Investment Report 2012” released by the United Nations Conference o­n Trade and Development (UNCTAD) early this month, Vietnam kept its 11th position as the most prospective economy for investment during 2012-2014. The...

Posted date: Mon, 30 Jul 2012 - From: Investment News

Hanoi industrial parks see strong rise in investment

In the first seven months of this year, industrial parks in Hanoi attracted 271 million USD of investment in both foreign and domestic projects, a 3.8-fold increase year-on-year. Of the amount, nine new FDI projects accounted for over 112 million USD while domestic investors poured 53 billion VND into two new projects. The remainder was...

Posted date: Mon, 30 Jul 2012 - From: Investment News

Foreign investment plunges during first seven months

HA NOI — Viet Nam attracted US$8 billion in foreign direct investment (FDI) during the first seven months of this year, down by 67 per cent year-on-year, according to the Foreign Investment Agency's latest statistics. As many as 584 new foreign-invested projects, worth $5.2 billion, were granted licences during the period, about 56 per cent...

Posted date: Sat, 28 Jul 2012 - From: Investment News

Tin Nghia boosts agricultural investments in Laos

Tin Nghia Corporation based in Dong Nai Province has planned to boost investments in Laos, especially in the agricultural sector, to serve projects it has invested in the neighboring country over the past time. Quach Van Duc, general director of Tin Nghia, said that the potential project the firm might invest in Laos was to produce...

Posted date: Fri, 27 Jul 2012 - From: Investment News

Gov’t to advance VND30 trillion for public investment

The Government has approved the proposal of the Ministry of Planning and Investment to advance VND30 trillion of the fiscal year 2013 to accelerate the progress of the public investment projects likely to be completed early. In particular, VND15 trillion will be sourced from the State budget and the other VND15 trillion from government bonds....

Posted date: Fri, 27 Jul 2012 - From: Investment News

Review conference for 25-year FDI attraction set for Oct

The Ministry of Planning and Investment will hold a conference in the middle of October to review foreign direct investment (FDI) attraction in Vietnam over the last 25 years. Prime Minister Nguyen Tan Dung has approved a proposal on convening this conference, assigning the planning ministry to coordinate with relevant agencies and localities...

Posted date: Fri, 27 Jul 2012 - From: Investment News