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Vietnam will take the lead in drafting an agreement framework to facilitate investment and trade within the Cambodia-Laos-Vietnam Development Triangle Area in a bid to leverage the region’s socio-economic growth.
Cash flow from the Philippines is gradually encroaching on the Vietnamese market, but its presence is not well known.
The southern province of Tay Ninh is undertaking maximum efforts to attract investments to its textiles and support industries in a bid to boost the province’s economy and promote these sectors.
Veera Mäenpää, senior associate, PwC Legal, Ho Chi Minh City looks at the current draft Law on Investment and notes the easing and tightening of registration procedures for foreign-invested companies evident in the various drafts so far released for discussion.
Japan’s JFE Steel, one of the world’s biggest steel makers, has officially announced to the Vietnamese government that it will not follow through on its plan to acquire an integrated steel mill in central Vietnam, due to concerns over market oversupply.
Prime Minister Nguyen Tan Dung on September 13 kicked off a high priority road project to construct a highway connecting Ha Long city in the northern Quang Ninh province and Bach Dang bridge in the northern port city of Hai Phong.
Man Ngoc Ly, head of the Nhon Hoi Economic Zone Authority, told the Daily on September 11 that PTT and Saudi Aramco would contribute 40% of the required investment each. The project investor expects a Vietnamese partner to hold the remaining interest.
Russia’s “Go East” Policy is of foremost importance for strengthening the comprehensive strategic partnership between the two nations and the traditions of confidence, mutual assistance and respect towards each other, said Tran Duy Thi, Vietnam Consul General to Russia’s Far East region.
In the first eight months of the year, foreign direct investment (FDI) in Vietnam dipped 19% compared to last year’s corresponding period to US$10.23 billion, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
In 2009, Quang Van Tay in Bua 2 village, Ang To commune, Muong Ang district was the first farmer to plant macadamia trees as part of the province’s Danish-Vietnamese cooperation project, which provided him with financial and technical assistance.
South Africa’s Department of Trade and Industry will continue to co-ordinate with relevant agencies in Vietnam to create the most favorable conditions for mineral industry cooperation with northern Vinh Phuc province.
A wave of American investments is hitting Vietnam in anticipation of the Trans-Pacific Partnership Agreement.
