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The International Trade and Investment Exhibition and Mekong Development Cooperation Forum Programme opened in Ho Chi Minh City on Dec. 9 to boost cooperation among the Greater Mekong Sub-region (GMS) countries and regions and attract investment for their projects.
A new pharmaceutical plant began operation Hanoi on December 8.
The Russian natural gas giant Gazprom Group plans to invest huge amount of money in Vietnam and India, according to Russian newspaper Vedomost.
The Ministry of Defense and the Ministry of Industry and Trade will jointly organise an exhibition from December 15-20 to mark the 65th anniversary of the Vietnam People’s Army and the 20th anniversary of All People National Defence’s Day in the northern city of Thai Nguyen.
The southern province of Dong Nai has attracted USD2.78 billion in foreign investment in the past 11 months, a year-on-year increase of 6.7 percent and 39 percent more than the target set for 2009.
The Dung Quat Economic Zone Management Authority has granted business licences to seven new projects, with a total registered capital of VND1,587 billion, said Nguyen Xuan Thuy, head of the Management Authority.
The Vietnam Steel Association has anticipated that a lot of small scale steel mills will have to shut down because they cannot compete as a result of overproduction.
HCM City leads the country in attracting foreign direct investment (FDI) with 3,469 foreign-invested projects capitalized at nearly USD27,293 million, according to the city’s Department of Investment and Planning.
Industrial production month-on-month in November surged 3.6 percent, lifting the figure for the first 11 months to 7.3 percent over the same period last year, the General Statistics Office (GSO) said.
With the economy in recovery and production returning to normal, many businesses are now facing severe shortages of manual workers.
Though lending to people who bet on gold is a big source of profits for many banks, the directors of a certain bank are sounding a warning. They say that punters forced to cover bad bets on gold have had a lot to do with the dong’s loss of value.
