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HCM City endeavors to use ODA effectively

Ho Chi Minh City will make its efforts to better the implementation of projects using official development assistance (ODA), funded by foreign countries and Japan in particular, to ensure their effectiveness. The Secretary of the municipal Party Committee, Le Thanh Hai, made the statement at the talks with Yasuaki Tanizaki, Japanese Ambassador...

Posted date: Tue, 10 Jul 2012 - From: Investment News

Nghe An licenses 24 projects in first half

The Nghe An provincial Department of Planning and Investment recently granted licenses to 24 domestic investment projects valued at a total of more than VND1.08 trillion. These newly-licensed projects are in the mineral, industrial, commercial and medical sectors, and forestation. Two FDI projects on garments and textiles and electronic...

Posted date: Mon, 09 Jul 2012 - From: Investment News

HT Capital’s $17m for northern industrial park

Japan’s HT Capital will spend $17 million taking over northern Nam Dinh province’s My Trung Industrial Park from a Vietnamese firm. Vietnam-Japan Industrial Park Management, a joint venture in which HT Capital is a major stakeholder and two Vietnamese partners – PetroVietnam Securities Incorporated (PSI) and PetroVietnam Service Trading...

Posted date: Mon, 09 Jul 2012 - From: Investment News

Vietnam to increase investments in Laos by 2015

Bui Quang Vinh, minister of Planning and Investment, stated at the Vietnam-Laos Economic Cooperation Conference in Da Nang on July 7 that Vietnam expects to invest around US$7 billion in Laos by 2015. In June 2012, Vietnam had 214 projects in Laos with a total investment of US$3.45 billion, ranking it as the biggest investor out of 60 other...

Posted date: Sun, 08 Jul 2012 - From: Investment News

FDI disbursement to hit 10 billion USD

Disbursement of foreign direct investment (FDI) is expected to reach 10 billion USD by the end of this year, according to the Foreign Investment Agency (FIA) under the Ministry of Industry and Trade. Do Nhat Hoang, FIA Head, attributed the result to efforts of the Government, ministries and branches to improve the investment environment and...

Posted date: Sun, 08 Jul 2012 - From: Investment News

Quang Ninh thrives on attracting FDI

The northern province of Quang Ninh attracted a total newly-licenced foreign direct investment (FDI) of over 390 million USD in the first half of this year, nearly 15 fold higher than the 2011 figure. The performance has raised the total FDI in the province to over 4 billion USD in 93 operating projects. With these excellent results, the...

Posted date: Sat, 07 Jul 2012 - From: Investment News

Binh Duong boasts a record of FDI attraction

Binh Duong has attracted US$2.83 billion foreign direct investment (FDI) since earlier this year, double this year’s plan. Currently, there are 2,070 FDI projects with a total capitalization of US$16.838 billion. Among 51 new projects in the reviewed period include the Tokyu Group’s project worth US$1.2 billion, the Dai Nippon Printing...

Posted date: Sat, 07 Jul 2012 - From: Investment News

ADB wants ODA disbursement accelerated

The Asian Development Bank (ADB) is asking Vietnam to step up the slow-paced disbursement of its official assistance development (ODA) capital. The bank has told the Ministry of Planning and Investment (MPI) that Vietnam has been lagging in ODA disbursement. By the end of March this year, the ADB Vietnam portfolio had comprised 59 loans...

Posted date: Sat, 07 Jul 2012 - From: Investment News

Vietnam pledges to assist Japanese investors

Deputy Prime Minister Nguyen Xuan Phuc has said the Vietnamese Government always creates the best possible conditions for Japanese investors. Phuc made the statement during talks with Hiromasa Yonekura, Chairman of Japan Business Association, ‘Nippon Keidanren’ in Tokyo on July 5. At their meeting, Phuc said that given the existing...

Posted date: Fri, 06 Jul 2012 - From: Investment News

Vinh Long in need of investment

VINH LONG — The southern province of Vinh Long has announced a list of 36 projects that call for a total investment of nearly VND18 trillion (US$857.1 million) in the 2012-15 period. The largest projects include the $95.8 million 400ha Binh Tan Industrial Zone, the $83.8 million 350ha Dong Binh IZ and the $47.9 million 200ha An Dinh IZ....

Posted date: Thu, 05 Jul 2012 - From: Investment News

Philippines seeks to expand trade with VN

HCM CITY — The Philippines and the Viet Nam Trade Promotion Agency yesterday brought together business executives from the two nations to promote bilateral trade. Philippine businesses came looking for Vietnamese partners and distributors in areas like industrial paints, preservatives and other substances used in foodstuff, herbal medicines,...

Posted date: Thu, 05 Jul 2012 - From: Investment News

APEC business advisors to talk integration, investment

HA NOI — This year's 3rd session of the APEC Business Advisory Council (ABAC) will take place in HCM City from July 16-19 to discuss regional economic integration and trade and investment liberalisation. President Truong Tan Sang will be present at the event. According to ABAC Viet Nam Chairman Hoang Van Dung, major content will include:...

Posted date: Thu, 05 Jul 2012 - From: Investment News

Quang Ninh attracts high FDI

QUANG NINH – The northern provice of Quang Ninh attracted over US$390 million in foreign direct investment (FDI) in the first six months of the year, an increase of 15 times over the entire 2011. According to the provincial Planning and Investment Department, the number had exceeded their 2012 plan in attracting FDI. It said the result was...

Posted date: Thu, 05 Jul 2012 - From: Investment News

ODA still not used efficiently enough: minister

Minister of Planning and Investment Nguyen Quang Vinh has said that improving the efficiency of the use of Official Development Assistance (ODA) is a priority, especially in the current context of falling public investment. Vinh also highlighted the significance of ODA, especially to the country’s infrastructure. The international...

Posted date: Thu, 05 Jul 2012 - From: Investment News

FDI disbursement stable despite lower pledged capital

The disbursement of foreign direct investment (FDI) is still on track, though pledged capital has recently witnessed an inevitable decline given the gloomy global economic outlook and the ambition of Vietnam to raise capital quality, said a senior state official. Registered FDI totaled $6.4 billion, and FDI disbursement reached $5.4 billion, in...

Posted date: Thu, 05 Jul 2012 - From: Investment News