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HCM City’s FDI down in seven months

The southern economic hub attracted approximately US$820 million in foreign direct investment during the first seven months of this year, down by 57 per cent year-on-year, according to the municipal Statistics Office. Up to 214 new foreign-invested projects, worth over $292 million, were granted licences in the city while 65 operating projects...

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

In hard times, US investors still flock to Vietnam

The world economic crisis and the big difficulties in Vietnam both have led to the sharp falls of the foreign direct investment (FDI) from familiar sources. However, the US big economic groups still keep pouring capital into Vietnam. A strange market survey? The trip by some big US economic groups to Vietnam some days ago has surprised many...

Posted date: Thu, 26 Jul 2012 - From: Investment News

Vinh Phuc calls for US investment

Many businesses from Japan, the Republic of Korea, China and other countries have invested in northern Vinh Phuc province but there is none from the US. This was revealed at a forum held by the US Embassy in coordination with a working mission from Vinh Phuc province in Washington DC on July 23. In his presentation Secretary of the...

Posted date: Tue, 24 Jul 2012 - From: Investment News

RoK businesses learn about Vietnam’s environment law

Nearly 80 businesses from the Republic of Korea (RoK) attended a conference in Hanoi on July 20 to acquire knowledge of Vietnam’s Environment Law. RoK, Vietnam aim for US$20 billion in trade turnover The event was held jointly by the Korean Environment Cooperation (KECO) and the Korean Chamber of Commerce and Industry (KCCI). Nguyen The...

Posted date: Mon, 23 Jul 2012 - From: Investment News

City urged to underscore PPP

Ho Chi Minh City needs to promote public-private partnership (PPP) investment to develop infrastructure, said Minister of Planning and Investment Bui Quang Vinh. He told the city to work out rules for the private sector to conveniently carry out this investment. “As for what the private sector can do, just fully facilitate it to do...

Posted date: Fri, 20 Jul 2012 - From: Investment News

US FDI ready to leave its mark

US foreign direct investment is expected to be explode in Vietnam as the pair’s relationship is nourished. Ngoc Linh reports. US Secretary of State Hillary Clinton last week visited Vietnam to meet with senior Vietnamese leaders and witnessed the signing of several agreements covering education exchanges and commercial contracts. Vietnam...

Posted date: Fri, 20 Jul 2012 - From: Investment News

Da Nang issues call for US investment

DA NANG — The city of Da Nang has called for US businesses to invest in solar power power, electronics, waste treatment and the management of sea and air ports. Chairman of the city's People's Committee, Van Huu Chien, told US business people in San Jose and San Francisco this week that the central city welcomed foreign invested projects....

Posted date: Thu, 19 Jul 2012 - From: Investment News

New club established for foreign-invested businesses

DA NANG — Chairman of the the Da Nang People's Committee signed a decision on Tuesday to establish a club for foreign-invested businesses in the city. The purpose of the club is to create a common community for businesses to exchange information and creativity and connect with authorities. Authorities hope the club will improve the investment...

Posted date: Thu, 19 Jul 2012 - From: Investment News

Foreign investment in garments declines

HA NOI — The country's textiles and garment sector is seeing a decline in foreign direct investment (FDI) during the past several years, and the sector is being held back by its reliance on imports of raw materials, according to the Viet Nam Textile and Apparel Association. FDI in the sector has fallen from an annual average of US$460 million...

Posted date: Thu, 19 Jul 2012 - From: Investment News

Southern province promotes investment in Laos

Ha Noi -- The southern province of Dong Nai has registered more than US$1.1 billion in investment in Laos, according to the Dong Nai Investment and Planning Department. The department said most of its registered investment capital was in the Lao province of Champasak, which had a special brotherly relationship with Dong Nai...

Posted date: Thu, 19 Jul 2012 - From: Investment News

Book promotes local investment

HA NOI — A book on investment promotion in Viet Nam's northern and central regions, written in 3 languages: Vietnamese, English and Japanese, has been released by the Viet Nam Invest Network JSC. The book focuses on the domestic and international investors community. It provides information on infrastructure, human resources, the...

Posted date: Wed, 18 Jul 2012 - From: Investment News

Laos calls for more HCM City investors

HCM CITY — Laos is seeking investors from HCM City and other parts of Viet Nam for important projects to build railways, highways, airports and electricity systems in Vientiane and Champasak Province. Vientiane has around 200 investment projects that need more than US$1 billion in total, according to Soukanh Mahalath, mayor of Vientiane, who...

Posted date: Wed, 18 Jul 2012 - From: Investment News

Tan Tao Group not enjoying walk in the park

Central Quang Ngai Provincial People’s Committee recently revoked investment certificate of the high-profile domestic Tan Tao Group’s Pho Phong Industrial Park. The $13.7 million project is among 11 revoked domestic investment projects in the province during the first half of this year. Tran Van Nhan, director of Quang Ngai Provincial...

Posted date: Wed, 18 Jul 2012 - From: Investment News

Japan pledges to keep ODA for Vietnam at high

Japan’s Minister of Foreign Affairs Gemba Koichiro states Japan will maintain official development assistance (ODA) for Vietnam at high level to help Vietnam maintain growth, boost competitiveness, and prevent disasters. The visiting Japanese minister asserted in his talk with his Vietnamese counterpart Pham Binh Minh in Hanoi that Japan...

Posted date: Tue, 17 Jul 2012 - From: Investment News

APEC forum aims for better investment climate

Leading economists and senior officials from the Asia-Pacific region gathered at a dialogue forum on Ho Chi Minh City on July 16 to discuss the investment polices and business environment in Vietnam. The event was part of the 2012 Asia-Pacific Economic Cooperation (APEC) forum, leading up to the APEC Summit scheduled for Russia in...

Posted date: Tue, 17 Jul 2012 - From: Investment News