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Foreign direct investment (FDI) in the country decreased by 1.9 per cent on the year to US$21.92 billion in 2014, according to the Foreign Investment Agency’s revised report.
Japan’s Niwa Foundry company has begun construction of its first plant at the city’s Hi-Tech Park in Hoa Vang District with total investment of US$30 million.
European enterprises promote trade in HCM City A number of trade promoting programmes to elevate business activities between Ho Chi Minh City and a delegation of European enterprises opened in the southern city.
The Medochemie Far East company under the Cypriot Medochemie Group has broken ground on a new pharmaceutical plant at the Vietnam-Singapore Industrial Park II A (VSIP) in Tan Uyen Town in the southern province of Binh Duong on March 17.
A number of businesses from the Lazio region in Italy, a major centre of diplomatic and commercial activities, have shown interest in the young, dynamic Vietnamese market.
A seminar will be held on March 23-24 in Lam Dong Province to strengthen investment cooperation in the agricultural sector between Japanese and local businesses.
The Viet Nam Oil and Gas Group (PetroVietnam) has received approval from Kien Giang authorities to conduct a survey for the construction of a bonded warehouse for a fuel and logistics port system.
The central coastal province of Khanh Hoa has asked for financial support from the Government and the Ministry of Agriculture and Rural Development to cope with a severe drought.
Authorities in the northern province of Quang Ninh have approved the feasibility report of the Quang Ninh airport project that will be built on a build-operate-transfer basis.
Construction on Ho Chi Minh City’s Metro Line 1 has been accelerated with the anticipated completion date brought forward to 2019, and with the first trains to begin running by 2020.
ANZ Bank upped its annual gross domestic product (GDP) growth rate target for Viet Nam to 6.5 per, for both 2015 and 2016, from 6.2 and 6.4 per cent, respectively.
Construction work started on March 6 2015 on a wastewater treatment plant in southern Binh Duong province, which will benefit over 400,000 local residents.
