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Japan’s JFE Steel, one of the world’s biggest steel makers, has officially announced to the Vietnamese government that it will not follow through on its plan to acquire an integrated steel mill in central Vietnam, due to concerns over market oversupply.
Prime Minister Nguyen Tan Dung on September 13 kicked off a high priority road project to construct a highway connecting Ha Long city in the northern Quang Ninh province and Bach Dang bridge in the northern port city of Hai Phong.
Man Ngoc Ly, head of the Nhon Hoi Economic Zone Authority, told the Daily on September 11 that PTT and Saudi Aramco would contribute 40% of the required investment each. The project investor expects a Vietnamese partner to hold the remaining interest.
Sojitz Corporation based in Tokyo, Japan plans to invest in wood processing and paper pulp mills in the Dung Quat Economic Zone.
Russia’s “Go East” Policy is of foremost importance for strengthening the comprehensive strategic partnership between the two nations and the traditions of confidence, mutual assistance and respect towards each other, said Tran Duy Thi, Vietnam Consul General to Russia’s Far East region.
In the first eight months of the year, foreign direct investment (FDI) in Vietnam dipped 19% compared to last year’s corresponding period to US$10.23 billion, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
In 2009, Quang Van Tay in Bua 2 village, Ang To commune, Muong Ang district was the first farmer to plant macadamia trees as part of the province’s Danish-Vietnamese cooperation project, which provided him with financial and technical assistance.
South Africa’s Department of Trade and Industry will continue to co-ordinate with relevant agencies in Vietnam to create the most favorable conditions for mineral industry cooperation with northern Vinh Phuc province.
A wave of American investments is hitting Vietnam in anticipation of the Trans-Pacific Partnership Agreement.
A high priority road project in Quang Ninh, the nucleus of the northern pivotal economic development area, will see construction kick-off in mid-September.
An international conference will open next Monday in Ho Chi Minh City to review the cooperation outcomes among Vietnam, ASEAN and Russia and discuss prospects for their cooperation in the future.
Chairman of the Viet Nam Association of FDI Enterprises Nguyen Mai talked to Ha Noi Moi (New Ha Noi) newspaper about the past and future of foreign direct investment in Viet Nam.
