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Many banks find themselves sitting in hot water now as fund mobilization tends to fall following the central bank’s tough imposition of the ceiling deposit rate of 14% a year.
Vietnam should set up some industrial parks exclusively designed for Japanese investors to catch their greater interest,” said Do Nhat Hoang.
Prime Minister Nguyen Tan Dung has urged ministers, heads of Government agencies and chairmen of provincial and municipal People’s Committees to strengthen and tighten their management of foreign investment.
The Ministry of Finance has rejected proposals by the Ministry of Industry and Trade to raise import and lower export taxes on a number of commodities, including fertiliser, steel, aluminium and coal.
Ahead of external affair minister SM Krishna’s visit to Vietnam, India Inc is already there to offer its expertise and technological capabilities for collaboration in several sectors like manufacturing, IT, financing and infrastructure.
Till the end of July 2011, Vietnamese enterprises have registered to invest in over 600 projects with a total pledged capital of over $24.5 billion in foreign countries, according to Overseas Investment Department (Ministry of Planning and Investment-MoPI).
Phu Quoc Marina Co Ltd in 16th Sep launched into operation its Duong Dong – Phu Quoc Marina cruise port in Phu Quoc island district of the Mekong Delta province of Kien Giang for the first stage of operation.
The Mekong Delta is emerging as a tourism investment hotspot.
More Vietnamese firms are hunting business expansion opportunities abroad.
Pham Chi Lan, a well known economist in Vietnam, has urged relevant ministries to consider installing non-tariff barriers to control the imports, which she believes a very important thing that needs to be done in preparing for the implementation of free trade agreements (FTAs).
