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The garment and textile industries in Thailand and Vietnam should strengthen co-operation to improve competitiveness and exploit the ASEAN market, delegates said at a meeting held in HCM City in March 2015.
The Danang seafood service and Lien Chieu industrial parks have been selected to develop a low-carbon model and assist businesses to cut emissions under a project started in 2012.
South Korea’s Lotte Group has worked with the government of Daklak over a coffee planting and processing project worth US$250 million in the Central Highlands province.
Construction on Ho Chi Minh City’s Metro Line 1 has been accelerated with the anticipated completion date brought forward to 2019, and with the first trains to begin running by 2020.
The Republic of Korea`s LG Electronics Inc, the world`s second largest television maker, will shift its TV production in Thailand to Vietnam this year for efficiency, logistics and costs, a top executive at its Thai unit.
Vietnamese Minister of Finance Dinh Tien Dung suggested enhancing taxation cooperation among the Association of Southeast Asian Nations (ASEAN) members to deal with budget revenue reduction due to outside impacts, pricing transfer and tax fraud.
Foreign direct investment (FDI) in the country decreased by 1.9 per cent on the year to US$21.92 billion in 2014, according to the Foreign Investment Agency’s revised report.
Japan’s Niwa Foundry company has begun construction of its first plant at the city’s Hi-Tech Park in Hoa Vang District with total investment of US$30 million.
European enterprises promote trade in HCM City A number of trade promoting programmes to elevate business activities between Ho Chi Minh City and a delegation of European enterprises opened in the southern city.
The Medochemie Far East company under the Cypriot Medochemie Group has broken ground on a new pharmaceutical plant at the Vietnam-Singapore Industrial Park II A (VSIP) in Tan Uyen Town in the southern province of Binh Duong on March 17.
A number of businesses from the Lazio region in Italy, a major centre of diplomatic and commercial activities, have shown interest in the young, dynamic Vietnamese market.
A seminar will be held on March 23-24 in Lam Dong Province to strengthen investment cooperation in the agricultural sector between Japanese and local businesses.
