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The Government Office of Vietnam has just announced the addition of Trang Due Industrial Park into Dinh Vu – Cai Hai Economic Zone in northern Haiphong port city, allowing investors in the park to enjoy more preferential incentives.
Vietnam is one of the countries which can enjoy the new EU’s GSP (generalized system of preferences) to be applied as of January 1, 2014. However, analysts say Vietnam may not take full advantage of the preferential tariff to boost exports to the large market.
Nghe An province now has 11 valid South Korea-invested projects with a total registered capital of US$60.97 million, which are employing more than 10,000 local workers. South Korean companies expand their investment in Nghe An because they see current potential as well as future value.
Viet Nam’s Archetype Group has won the project management contract for Diamond Inya Palace, a building set to be the tallest one in Myanmar.
The Prime Ministers of Viet Nam and Laos cut the ribbon to inaugurate the first phase of a fresh milk processing plant, one of the largest in Southeast Asia, in central Nghe An province on July 9, 2013.
Vietnam Electricity Group (EVN) will purchase electricity from biomass power projects at the price of VND1,170 per kWh or 5.6 U.S. cents exclusive of VAT and is adjusted based on foreign exchange rate.
Petroleum, steel and iron account for the biggest portions of Vietnamese exports to Laos, Vietnamplus has reported.
Private equity group Masan (MSN) announced on July 2 that US investment fund TPG Growth had entered into definitive agreements to acquire a 49 percent stake in its Masan Agriculture arm.
At least 10 foreign investors have rented over 82ha of land illegally in the Mekong province of Ben Tre, the provincial authority of Ben Tre has said.
While Vietnamese traders flee from commercial centers because of losses, foreign investors have contrary moves. Giant retailers are eyeing shopping malls in new urban areas in preparation for a long-term war.
Despite the domestic stock market being shaken by sizeable withdrawals of foreign capital, many analysts believe Viet Nam will remain an attractive destination for foreign investors.
