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High land prices and frequent changes in compensation and resettlement policies have kept investors away from industrial parks in the southern city of Can Tho, the Dau Tu (Viet Nam Investment Review) newspaper has reported
- The Southern Electricity Corporation has announced that it will invest nearly VND4.5 trillion (US$225 million) in major power projects this year in efforts to ensure electricity for people in the region.
Idemitsu Kosan Co., a Japanese refiner, and its partners approved a $9 billion oil refinery project in Vietnam to meet rising demand in the country.
Mobilizing capital and management experiences from the private sector is a decisive factor for infrastructure development in Viet Nam, especially transport, says Deputy Transport Minister Truong Tan Vien.
Japan pledged to launch projects worth $700 million in Central Asia to help the resource-rich region promote trade, energy-saving and regional cooperation in stabilizing nearby Afghanistan.
Vietnam invested US$2.5 billion in 124 projects in Cambodia in 2012, a year-on-year increase of US$500 million and 34 projects, becoming the 5th largest foreign investor in the neighbouring country.
By 2015, the tourism industry needs about half a million more skilled workers, experts have warned.
The construction steel volume consumed last year only reached 4.5 million tons, down 10 per cent from the previous year, but the consumption of other steel products increased by 20-40 per cent, pushing the total steel consumption up by 3 per cent.
Rice, coffee and wood furniture exports reached and exceeded US$3 billion each in 2012 despite the global economic recession and the decline in consumption in major foreign markets. The success was partly due to trade promotion activities.
2013 is forecast to be a difficult year for Vietnam’s rice exports as competition from other global rice producers such as Thailand, India, Pakistan and Myanmar intensifies.
Several hydroelectric plants operated by the Electricity of Viet Nam (EVN) reported profits last year thanks to increases in output and average power prices.
Vietnamese smartphones are facing difficulties competing with an influx of budget smartphones from leading phone makers such as Samsung, Nokia and LG.
