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Vietnam’s central bank will keep key interest rate unchanged at 7 percent for a seventh straight month, according to a directive posted on its website on Wednesday.
Vietnam may stop importing fertilizer from 2020 when domestic output is expected to meet the country’s demands, Thoi Bao Kinh Te Vietnam newspaper reported, citing information from the agricultural ministry.
Vietnam attracted US$10.4 billion in foreign direct investment in the first eight months of 2009 amid the global downturn, an 81.6 percent year-on-year fall.
Viet Nam needs to open investment funds abroad to attract foreign investments, economist Bui Kien Thanh told.
Vietnam should take full advantage of this time as a good opportunity to develop Information Technology (IT) human resources, said representatives at a seminar in Hanoi on August 25 to discuss market demand and an overall plan to expand Vietnam’s IT human resources.
Pho 24, a popular pho brand in Vietnam, will open its first restaurant in a shopping mall in London, where there are also many Chinese and Japanese restaurants.
At the press meeting of Gold Dragon Awards 2009 on August 25, the head of Foreign Investment Department Phan Huu Thang reported that foreign investors have committed to pour USD 10.453 billion into Vietnam. Of which USD 6.5 billion has been disbursed already, reaching over 72 percent of 2009’s plan.
Vietnam and Japan signed a co-operative agreement on training Vietnamese apprentices in Tokyo on August 26.
Vietnam Software Association (VINASA) Monday (23 Aug) released a survey on the local software industry, showing that small, young companies make up the majority.
Thailand has so far invested more than USD 6billion in roughly 200 projects in Viet Nam, said Thai ambassador to Viet Nam Pisanu Chanvitan yesterday, August 25.
Foreign direct investment topped USD 10.45 billion in the first eight months of this year, equivalent to only 18.4 per cent of FDI in the same period of last year, according to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA).
