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Deputy PM Hoang Trung Hai approved to add US$39.1 million to the first phase of the Southern Coastal Corridor Project.
The Vietnam Glass and Ceramics Corporation (Viglacera) began construction of the Dong Mai Industrial Zone in Quang Yen town, in the northern province of Quang Ninh in November 2012.
Other investors could look to follow in Samsung’s foot steps, after the electronics giant received special incentives to expand its investments in Vietnam.
Some foreign-invested enterprises are worried about changes to investment incentive policies.
Amid rapidly changing consumption trends and product standardisation, Thai exporters must maintain brand loyalty in Vietnamese market, advise experts.
Danang City is seeking capital from the Asian Development Bank (ADB) to develop the East-West Economic Corridor 2 project (EWEC 2) to prop up economic growth in the central region, said chair Van Huu Chien.
More foreign investment is needed for high-tech production, services and research in HCM City through to the end of 2015.
Singapore’s Changi Airport Group is looking for chances to invest in Vietnam’s aviation industry, said a senior official.
Luxembourg signed with UN agencies in Vietnam agreements on an 8.1 million USD funding for the Vietnamese government’s socio-economic programmes and projects.
Despite the economic slump that is forcing consumers to cut spending, local and foreign investors believe that the food and beverage industry in Vietnam continues to remain attractive.
The Government plans to continue to tighten the allocation of capital for new State-funded projects next year.
Many Korean real estate developers are facing difficulties in implementing their projects in Vietnam.
