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The world’s third largest steel maker, Korea’s POSCO, has announced the purchase of a 90 per cent stake in the Vietnamese operations of another Korean steel firm, the Asia Stainless Corp, from two major shareholders.
Dong Nai Province is one of the top southern provinces attracting domestic and foreign investment in port and hotel projects and is becoming a major investment destination, according to the Ministry of Planning and Investment.
Reports that import duties of CKD (complete knock-down) will reduce in the coming months is putting high pressure on domestic automobile manufacturers. As per the plan the pledged import duty for CKD imported from Asean will be 0 percent by 2018.
Thanks to rapid economic growth, Vietnam “is quickly moving up the value chain” of international investment markets, said UK Trade & Investment Chief Executive Sir Andrew Cahn.
Vietnam shipped 4.98 million tons of rice in the first nine months this year, a 40-percent year-on-year increase.
A bridge connecting Can Tho City and Vinh Long Province in the Mekong Delta was formally linked up on Monday, one of the final steps ahead of the project’s completion in March of next year.
A new EU regulation will shut Vietnamese seafood exporters out of a lucrative export market if they can’t figure out how to certify who caught fish and where.
e tea sector will hold its first investment and trade promotional conferences in Phu Tho and Hanoi on October 15 and 16, hoping to attract more domestic and foreign investment in the sector, expand the market and increase its exports.
Ho Chi Minh City has completed 18 out of 20 of its economic and social targets for the year, Thai Van Re, director of the city’s Department of Planning and Investment, reported at a meeting with a visiting delegation of the National Assembly (NA) Friday (09 Oct 2009).
The Hanoi-based Maritime Bank signed this week two credit agreements to provide VND1,450 billion (USD 80.5 bil) for two companies to develop property and industrial projects in Ho Chi Minh City and neighboring Binh Duong Province.
All State-owned enterprises will have to finish restructuring in accordance with the 2005 Enterprise Law by next July. This law embraces both State and private businesses.
Vietnam has weathered the global economic crisis relatively well with the assistance of proactive fiscal measures and resilient domestic demand, according to Standard Chartered Bank.
