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Experts have warned that the competition would be stiffer when the tax incentives applied to the enterprises in industrial zones (IZs) and export processing zones (EPZ) are removed by early 2012.
The information that another mammoth project worth more than four billions dollars has been registered and immediately caught the special attention from the public, because it appears at the time when many other giant projects have to shut down.
August’ CPI growth rate is widely forecast to surge over the same period last year. Compared to June, July saw a sudden 0.88 percent decline in food price index which has been taking toll on the CPI growth rate.
PetroVietnam Insurance Joint Stock Corp (PVI) has recently approved a plan to retail 53.2 million shares to foreign investors in 2011.
Vietnam’s Index of Industrial Production (IIP) slowed during the first seven months of the year, with an increase of only 8.8 percent year-on-year, according to the General Statistics Office (GSO) last Thursday.
Foreign investors seeking to develop a prized casino project on Phu Quoc island will have to play a long game if they are to succeed.
With domestic tours costing more than foreign trips and their country’s attractions not appealing enough to Vietnamese, many people opt for destinations like Thailand and Singapore.
Haier Group Corporation and Sanyo Electric yesterday signed a Memorandum of Understanding (MOU) setting out the terms regarding Haier’s intention to acquire Sanyo’s refrigerator, washing machine and other consumer electric appliancesbusiness in Japan, Indonesia, Malaysia, the Philippines and Vietnam.
Vietnamese exports to the Japanese market have surged as Japanese demands have increase after the earthquake and tsunami disaster and many trade barriers have been reduced.
Vietnam needs a sustainable strategy that attracts foreign direct investment (FDI) while taking into account the quality of projects, ensuring their suitability for the country’s development plans, a senior official said.
Nine commercial lenders have failed to cut back credit to non-manufacturing sectors by June 30 and will be punished with higher reserve requirements, the State Bank of Vietnam said last week.
