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Newly-emerging economies in Asia will continue to attract foreign investment after the crisis in the securities market thanks to high economic growth.
Vietnam may increase minimum wage to a maximum of VND2 million ($97) per month, VND100,000 ($4.8) higher than what was earlier planned.
Up to 197 low-cost housing projects for students, workers and low-income earners, covering around 6.8 million square meters, still remain unimplemented despite being planned for completion in 2010.
So far, European Union (EU) has been always amongst leading FDI (foreign direct investment) partners in Vietnam with a total pledged capital of some $31 billion, according to Multilateral Trade Department.
Deputy Prime Minister Hoang Trung Hai has ordered the Ministry of Industry and Trade to put the Ca Mau fertiliser plant on a trial operation before the end of this year.
Quang Ninh Province authorities have decided to withdraw the licenses issued for five projects due to unseemly delays, violations, and requests from investors.
The price of gold in Vietnam declined to around VND45 million per tael (1.2 ounces) on August 11 as global price sharply plunged due to profit-taking.
The National Assembly has endorsed the Government’s proposal to cut income tax for certain individual and corporate taxpayers as a lifeline to survive the tough economic conditions.
Foreign direct investment (FDI) into HCMC in the January-July period soared a staggering 70% year-on-year while that of the whole country dropped considerably in the past seven months, the HCMC Department of Planning and Investment said.
Many billion-dollar foreign direct investment (FDI) projects have been registered in Vietnam since 2006, accounting for one-fourth of the total FDI commitment in the country.
