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The Mekong Delta province of Kien Giang granted 30 new investment licences in the first six months of this year to projects in agriculture, industry, tourism and trade, according to the provincial People’s Committee.
The HCM City government will focus on improving the business environment and streamline administrative procedures this year and next to make life easier for investors.
Cash flows into or out of Viet Nam relating to foreign direct investment (FDI) activities are always of significant interest to not only foreign investors, but state agencies also.
Vietnam’s preferential import tariff rates for 2015-2018 were introduced to domestic firms during a workshop in Hanoi on July 15 as the country realises its commitments under the ASEAN Trade in Goods Agreement (ATIGA).
South Korea has become Vietnam’s largest foreign investor, Vietnamese Deputy Minister of Planning and Investment Nguyen The Phuong said at a bilateral investment conference in Hanoi.
Investments overseas by Vietnamese enterprises are increasing in number, not only by State corporations but also by the country’s private sector. More and more Vietnamese giants are expanding to other countries and promoting Vietnamese brands.
Vietnamese businesses still have a low share of just about 10 per cent in Samsung Electronics’ production chain in Viet Nam. The main reason for this is the limited ability of local firms to ensure quantity, quality and competitive prices for Samsung.
The Century Synthetic Fibre Corporation has been licensed to build a US$90-million fibre plant in the southern Tay Ninh Province’s Trang Bang District, Nhip Cau Dau Tu online newspaper reported.
The municipal administration is considering borrowing nearly US$900 million from the Asian Development Bank for building four new wastewater treatment plants.
The authorities of the central province of Thanh Hoa are committed to helping Canada’s Naanovo Energy Inc. resolve all the issues the company encounters in the process of preparing for the construction of its $101.6 million waste to energy project.
