Business in brief 02 April 2013

Date: 03/04/2013

(Sourced from various news agencies)

Better incentives for sci-tech firms

Date: 03/04/2013

Minister of Science and Technology Nguyen Quan on Tuesday said that the ministry will adjust the legal framework to create more favorable conditions for businesspeople and enterprises in the field of science and technology.

Samsung kicks off US$3.2 bil. project in Thai Nguyen

Date: 03/04/2013

Samsung Electronics on Monday began work on a hi-tech complex worth US$3.2 billion in Thai Nguyen following the success of its cell phone factory in Bac Ninh.

PVEP, Vietsovpetro sign oil and gas contract

Date: 01/04/2013

The Vietnam Oil and Gas Group (PetroVietnam) has signed a production-sharing contract (PSC) for Block 42 on the continental shelf waters of Vietnam with a consortium of contractors including PetroVietnam Exploration and Production Corporation (PVEP) and the Russia-Vietnam oil and gas joint venture,...

Vietnam, Customs Union starts first round of FTA talks

Date: 01/04/2013

The first round of the negotiations of a free trade agreement between Vietnam and the Customs Union of Russia, Belarus and Kazakhstan took place in Hanoi on March 29.

Vietnam to build new broad gauge railway

Date: 01/04/2013

Vietnam is delaying plans to build a north-south express railway system with trains that travel 350 kilometers one hour, diverting funds to a broad gauge railway capable of running trains at about half that speed.

UPS becomes 1st global express firm to be 100% owned in VN

Date: 01/04/2013

UPS has become the first global express delivery company to be wholly-owned in Vietnam, following its acquisition of the 49 percent interest of VN Post Express in the two companies’ express delivery joint venture, the company has announced.

Seminar helps boost Vietnam – Finland trade

Date: 26/03/2013

The Vietnam Chamber of Commerce and Industry (VCCI) and the Finnish Embassy in Vietnam on March 25 co-organised a seminar on investment opportunities and trade-connection support tools between the two countries.

Nidec to expand VN investment by $100 mln

Date: 26/03/2013

Nidec is set to expand its Vietnam investment to many sectors, including robotics, Shigenobu Nagamori, chairman of the Japanese high-tech corporation, told Tuoi Tre.

Vietnam exporters worry EU free trade deal could bring technical barriers

Date: 26/03/2013

Vietnam and Europe will hold the third round of discussions on a proposed free trade agreement next month, but businesses are worried about technical barriers the bloc is likely to put up.

Binh Duong lures over US$500 million of investment

Date: 26/03/2013

The provincial government of Binh Duong on Tuesday awarded investment certificates to 29 foreign-invested projects with total newly-pledged and additional capital of over US$547 million.

FDI capital sees sharp rise in March

Date: 26/03/2013

Vietnam attracted $5.4 billion in foreign direct investment between February 20-March 20, a monthly record figure.

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