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143 FDI projects licenced in five months in second city

Since early this year, the Ho Chi Minh City Department of Planning and Investment has granted licences to 143 FDI projects, valued at $180 million in total. With more capital added to 35 projects already in operation, the total amount of FDI funding has reached $470 million, a four fold increase compared to the same period last...

Posted date: Fri, 08 Jun 2012 - From: Investment News

Binh Dinh Province to host week-long agro-industry fair

BINH DINH — A week-long fair in agriculture and industry will be held tomorrow in the central province of Binh Dinh. Co-organised by the provincial Trade Promotion Centre and HCM City-based Phuong Nam Trade and Service Co, the event will showcase agricultural products, textiles and garments, engineering, fertilisers, electronics and...

Posted date: Wed, 06 Jun 2012 - From: Investment News

Dong Nai industrial zones attract $936m investment

DONG NAI — Industrial zones in the southern province of Dong Nai have drawn a total investment capital of US$936 million during the first five months of this year, exceeding the target set for the whole year. In May alone, the zones attracted 27 projects, including 22 foreign-invested ones worth a combined $594 million, said the zone's...

Posted date: Wed, 06 Jun 2012 - From: Investment News

$20 bln package under consideration to partially boost realty sector

A VND500 trillion ($20.1 billion) package is under consideration to be partially used to revive the local real estate sector, according to a recent conference. It includes a VND120 trillion ($5.75 billion) public investment package and a VND300 trillion ($14.41 billion) package of bank and official development assistance loans, according to...

Posted date: Mon, 04 Jun 2012 - From: Investment News

Dak Lak Province sees investment increase in coffee-processing plants

HCM CITY — Domestic and foreign investors are pouring more money into powdered coffee and instant coffee processing plants in Central Highland Dak Lak Province. Since the beginning of this year, Dak Lak coffee businesses have processed more than 12,850 tonnes of powdered coffee and instant coffee, an increase of 55.9 per cent compared to the...

Posted date: Mon, 04 Jun 2012 - From: Investment News

EC delegation launches 2012 Blue Book

The delegation of European Union (EU) in Vietnam launched the “EU Blue Book 2012,” the annual publication on EU development in Vietna , on May 31. Head of the EU delegation to Vietnam, Ambassador Franz Jessen said EU is still one of the leading foreign development assistance providers for Vietnam, with committed aid totalling 745.3 million...

Posted date: Sat, 02 Jun 2012 - From: Investment News

Mexican businesses seek investment opportunities in Vietnam

Hundreds of Mexican businesses have attended a seminar on investment and business opportunities held in Merida City by the Vietnamese Embassy and the Mexican Business Council for Foreign Trade, Investment, and Technology (COMCE). Vietnam’s trade counselor to Mexico Hoang Anh Dung briefed participants on the country’s history, and...

Posted date: Sat, 02 Jun 2012 - From: Investment News

Media to promote Vietnam-Japan relations

The Media of Vietnam and Japan should promote cooperation to strengthen mutual understanding and friendly relations between the governments and peoples of both countries. The Vietnamese Ambassador to Japan, Doan Xuan Hung, stated this at a reception for representatives of Japan’s daily newspaper the Nikkei and the Vietnam News Agency’s...

Posted date: Sat, 02 Jun 2012 - From: Investment News

$3.34b ODA for agriculture and rural development

Total official development assistance (ODA) capital for agriculture and rural development and poverty reduction in the 2006-2010 period reached more than $3.34 billion. Of the figure, $ 2.65 billion has been disbursed, 21.76 percent of total national ODA disbursement. They are the initial results of a project on attracting, managing and...

Posted date: Sat, 02 Jun 2012 - From: Investment News

City to recall slow-moving industrial parks

The HCMC government has asked the HCMC Export Processing and Industrial Zones Authority (Hepza) to take tough sanctions against inefficient industrial parks causing a waste of land and polluting the environment. According to the city’s instruction issued last Friday, Hepza needs to recall the investment licenses and redeem land from investors...

Posted date: Thu, 31 May 2012 - From: Investment News

Seminar discusses investment opportunities in Germany

The Vietnam Bank for Industry and Trade (Vietinbank) has held a seminar on how to access credit and business opportunities in Berlin. The seminar, attended by Vietnam’s Vice President Nguyen Thi Doan, is just one of several moves the bank has made on the occasion of the inaugural of its second branch in Germany. When addressing the...

Posted date: Thu, 31 May 2012 - From: Investment News

Small hydropower plants shout for help

High investment rate, low electricity sale price, high bank loan interest rates and high taxes have all been stifling small hydropower plants. Meanwhile, the Electricity of Vietnam regularly cuts down the electricity purchase volume, making the plants to hover between life and death. Saigon Tiep Thi has quoted Vu Ngoc Cu, Deputy Chair of the...

Posted date: Wed, 30 May 2012 - From: Investment News

VN, Paraguay expand trade, investment promotion

The Vietnamese Embassy in Paraguay and the Paraguay-Vietnam Trade, Industry and Culture Chamber held a get-together in Asuncion on May 29, with businesses of the Latin American country. Vietnamese Ambassador to Argentina and Paraguay Nguyen Van Dao introduced major characteristics of Vietnam’s socio-economy as well as its trade and investment...

Posted date: Wed, 30 May 2012 - From: Investment News

Seminar boosts business in Hong Kong market

Vietnam Trade Promotion (Viettrade) in coordination with Hong Kong Trade Development Council (HKTDC) held a seminar in Ho Chi Minh City on May 30, to create opportunities for Vietnamese investors to penetrate Hong Kong market effectively. Participants at the conference were supplied with information on building trademarks and trends in...

Posted date: Wed, 30 May 2012 - From: Investment News

FDI projects disburse US$4.5 billion in five months

A total of US$4.51 billion was disbursed for foreign direct investment (FDI) projects across the country in the first five months this year, 99.8% of the amount disbursed during same period last year, according to the Ministry of Planning and Investment Foreign Investment Agency (FIA). The country also attracted US$5.32 billion in FDI in five...

Posted date: Wed, 30 May 2012 - From: Investment News