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The HCMC Government has approved to offer subsidized lending rate for 26 investment projects of enterprises based in the city with total investment capital of about VND1.5 trillion (USD 833.33 mil).
Many businesses don’t want to borrow money from the government to pay workers because they don’t want to admit that they have been having problems. Meanwhile, business owners have been slipping away into the night.
The recent simultaneous presence of two big names in the banking and aviation sectors in Cambodia shows that Vietnamese businesses have flexibly taken advantage of overseas investment opportunities amid the global economic crisis.
Authorities in the Mekong Delta have run out of patience with the government-owned ship building monopoly that is supposed to be building two new shipyards in Tien Giang and Ca Mau provinces.
A lot of Vietnamese shrimp exporters believe it is high time to complain to the World Trade Organization against the US barriers to Vietnam’s shrimp. The Government hasn’t yet decided whether to do so.
A long queue of trucks stretches from the Cat Lai crossroads on Highway 25B east of Ho Chi Minh City all the way to the gates to Cat Lai port. The trucks have not moved for hours; several truck drivers are asleep in their cabins while waiting for the traffic jam to ease.
The government may revoke the license for a US$1.2 billion software park venture between Teco Electric & Machinery Co. and Saigon Telecommunication & Technology Corp., a local newspaper said, citing local officials.
The USD1.2 billion Thu Thiem Software Park project in Thu Thiem in HCMC’s District 2 is seeing its future mired in uncertainties as authorities of Thu Thiem New Urban Area have proposed the city government to abolish the project, local media report.
Russia is an important strategic partner and a reliable friend of Vietnam and bolstering cooperative relations between the two nations are among the key polices of Vietnam, State President Nguyen Minh Triet told Russian Foreign Minister Sergei Lavrov on Saturday (25 July 2009) during his official two-day...
Ho Chi Minh City, Vietnam’s southern largest economic hub, attracted 203 foreign direct investment projects with a total capital of 713 million USD in the first seven months of this year.
Malaysia’s Lion Group said its planned USD9.8 billion steel plant venture in Vietnam is being reviewed in light of the global financial crisis.
