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Twenty-four contracts worth a total of over USD 720 million were signed yesterday, October 20, in Ha Noi by businesses from Viet Nam and China’s Guangdong province.
Two major businesses causing serious pollution had previously been ordered to move out of the city and now have announced relocation efforts are underway.
Total investment for all sectors is expected to reach VND715 trillion (USD 40.04 billion) this year, a year-on- year increase of 17 per cent, according to the Ministry of Planning and Investment.
Prime Minister Nguyen Tan Dung has ratified the Marine Transport Development Master Plan to 2020, which aims to increase the competitiveness of the national economy for stronger expansion and integration into the regional and world markets.
Le Loc, head of the Vietnam Shipbuilding Group (Vinashin) confirmed reports of financial difficulties. Loc said the global recession has impacted the state-owned company just like its competitors and, he stressed, “we will pay what we owe”.
To the question why Phu Yen is an attractive place to investors, Stephen Klenk from US-based Galileo Investment Group has a simple answer.
Three foreign banks comprising BNP Paribas, Calyon and HSBC on Thursday (15 Oct) clinched a USD145.7 million facility credit agreement to finance the polypropylene (PP) plant as part of the Dung Quat Refinery project.
As many as 57 major Russian groups and companies involved in different economic sectors are expected to attend the Vietnam International Industrial Fair 2009 to be held in Hanoi from October 20-24.
HCMC targets a per capita public parks and greenery coverage of 4.5 square meters during the 2006-2010 period, but the current coverage is only 0.3 square meters in 13 central districts and 1.5 square meters in the other 11 suburban districts, according to the city’s Transport Department.
The Government’s policy in the last ten years of protecting the domestic auto industry has yielded big profits for the industry but not for consumers.
A new capital gains tax effective late last month has hit the Ho Chi Minh City property market hard, with many realtors reporting sharp declines in transactions.
The Ministry of Industry and Trade (MIT) has once again raised its voice to protest the European Union (EU)’s anti-dumping taxes on shoe imports from Vietnam.
