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The Dung Quat Shipyard under the Viet Nam Shipbuilding Industry Group (Vinashin) began building a new 105,000 tonne oil tanker on February 26.
The Vietnam Industry and Trade Bank (Vietinbank) will finance 1.2 trillion VND (72 million USD) to the implementation of the country’s largest bauxite-aluminum project in Central Highland Lam Dong province.
Sweden’s SkeriNova Holding has asked the Vietnamese Ministry of Planning and Investment’s Infrastructure and Urban Structure Department’s approval to invest in Vietnam’s North-South high-speed railway project with the construction time of five years.
Rolls Royce Group, a world-leading provider of power systems and services, is looking to anchor itself in Vietnam, according to the Foreign Investment Agency under the Ministry of Planning and Investment (MPI).
Higher electricity costs are slowing economic growth and driving inflation, according to a recent study conducted by the Centre for Economic and Policy Research (CEPR) at Ha Noi National University
Two-way trade between Vietnam and China is expected to reach 15 billion USD this year, increasing to 20 billion USD by 2010, said Prime Minister Nguyen Tan Dung.
Vietnam’s industrial production value is estimated to reach over USD 6.23 billion dollars in the first two months of 2009, an increase of 2.5% compared with the same period last year, the local newspaper Vietnam Economic Times reported on Thursday.
Commercial banks are now striving to push up loaning, while paying attention to all walks of clients, except securities investors. However, there seems to be problems in capital absorption.
Vietnam has attracted foreign direct investment pledges of 5.3 billion dollars so far this year, down 30 per cent from the same period last year, a government official said Thursday.
The Hong Kong and Shanghai Banking Corporation (HSBC) has released the latest report about Vietnam’s economy and stock market. This report explains the net sales of foreign investors and gives predictions about the market in the time to come.
The government will give greater priority to improving state budget-funded infrastructure project planning, laws and regulations next year.
