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Vietnam boasts great potential for boosting exports to Middle East and African markets with high consuming power.
Laird Technologies, a global technology company headquartered in the United Kingdom, last week opened its first manufacturing factory in Vietnam, in order to expand its international reach and proximity to key Asian markets.
Lai Xuan Thanh, head of the Civil Aviation Authority of Vietnam (CAAV), said that the Long Thanh Airport project in the south could proceed even without Official Development Assistance (ODA) from Japan.
Vung Ro oil refinery project, with nearly US$3.2 billion investment from the UK’s Technostar Management Ltd, is expected to begin in August, according to People’s Committee of the central coastal Phu Yen Province.
Most Vietnamese exports to China, either through official channels or across the border, have been meeting obstacles, except for rice. Experts question why this is happening.
Vietnamese businessmen, who have earned high profits with their finance and real estate investment deals, are now rushing to pour money into agriculture projects.
The country’s cement market has seen positive results after a long, quiet period, with both domestic cement consumption and exports having increased.
Both local and foreign firms are claiming that a government decision to ban the export of iron ore is benefiting only a single company – Hoa Phat Group.
The US business community has highly valued measures Viet Nam has taken to guarantee security and safety for foreign businesses.
Power outages are currently not an issue for foreign investors, reported the Ministry of Industry and Trade.
Germany’s Siemens AG is pursuing major infrastructure projects in Vietnam.
PM Nguyen Tan Dung delivered the following remarks at the 2014 Mid-term Viet Nam Business Forum on June 5, 2014.
