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A plan to develop a ferry system to relieve traffic congestion on HCM City roads was publicised with great fanfare a few years ago, but only one company has expressed interest in investing in such a system.
Vietnam and the International Rice Research Institute (IRRI) on May 7 inked a memorandum of Understanding (MoU) on technological cooperation to develop Vietnam ’s rice sector.
Several gas-fired power plants like Phu My, Ba Ria, Nhon Trach 1, Nhon Trach 2, Phu My 2-2 and Phu My 3 will run on oil due to gas supply interruptions over the next few months.
The military-run mobile service operator Viettel has reportedly been licensed to provide cable television services and plans to start the business in the last quarter of this year, a source told the Daily.
Myanmar, the last untapped market in Southeast Asia, is opening to the world and offers plenty of opportunities to Vietnamese investors, a conference on investment in Myanmar heard in HCM City in 3rd May.
The information that Coca-Cola has not paid any dong in tax over the last 10 years of operating in Vietnam has raised a wave of anger among Vietnamese.
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Khanh Hoa Province’s government has granted the investment license for a company to continue the unfinished tourism project that was halted after its investor was captured over fraud eight years ago.
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Though Vietnam has been excluded from the list of the 30 fastest growing retail markets, it remains very attractive in the eyes of foreign retailers.
Vietnamese businesses are being encouraged to export more textiles, furniture, footwear products and ICT equipment to Finland.
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The World Bank (WB) Board of Directors has approved US$202.5 million in credit to support sustainable development in the central city of Da Nang.
The logistics sector is expected to grow by 10-15 per cent this year despite the many challenges thrown up by the economic downturn, according to the Viet Nam Freight Forwarders Association.
