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Vietnam invested US$2.5 billion in 124 projects in Cambodia in 2012, a year-on-year increase of US$500 million and 34 projects, becoming the 5th largest foreign investor in the neighbouring country.
By 2015, the tourism industry needs about half a million more skilled workers, experts have warned.
The construction steel volume consumed last year only reached 4.5 million tons, down 10 per cent from the previous year, but the consumption of other steel products increased by 20-40 per cent, pushing the total steel consumption up by 3 per cent.
Rice, coffee and wood furniture exports reached and exceeded US$3 billion each in 2012 despite the global economic recession and the decline in consumption in major foreign markets. The success was partly due to trade promotion activities.
2013 is forecast to be a difficult year for Vietnam’s rice exports as competition from other global rice producers such as Thailand, India, Pakistan and Myanmar intensifies.
Several hydroelectric plants operated by the Electricity of Viet Nam (EVN) reported profits last year thanks to increases in output and average power prices.
Vietnamese smartphones are facing difficulties competing with an influx of budget smartphones from leading phone makers such as Samsung, Nokia and LG.
The Ministry of Planning and Investment (MPI) will finalise a draft resolution this month to improve the management and use of foreign direct investment (FDI).
The Lao Bao special economic zone in the central province of Quang Tri has attracted 47 projects worth US$164 million, 34 of which are already operational.
The Government has just issued its first resolution in 2013 defining major solutions to realize the socio-economic development and budget estimate plan for 2013.
Foreign investors made strong investments into Vietnam’s e-commerce industry in 2012, noted Nguyen Thanh Hung, vice chairman of the Vietnam E-commerce Association.
