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Some foreign-invested enterprises are worried about changes to investment incentive policies.
HCMC’s government encourages Saigon Industrial Park Development Company (Saigon IPD) to build a logistics center in Thanh My Loi Ward in District 2 with a total investment of US$170 million.
The existing FDI management model is greatly problematic and needs changing. But how to change it now and apply a new FDI management model remains in question.- Dao Quang Thu MPI Deputy Minister.
The Japan External Trade Organization will host the 5th Exhibition on Supporting Industries in Ho Chi Minh City in early October 2012.
Local authorities tend to offer attractive incentives which go beyond the currently framed preferences, to lure more foreign investors. However, this may change as experts have called on to provide incentives selectively and only to targeted investors.
Policies should be revised to boost the quality and effectiveness of foreign investment, said Do Nhat Hoang, head of the Ministry of Planning and Investment’s Foreign Investment Agency (FIA).
An almost 3 billion VND scheme has been adopted to upgrade the management and utilisation system of Da Nang port into a modern container port in central Vietnam.
Plans to expand and upgrade National Highway No1 are moving forward with the long-awaited wishlist of 15 build-operate-transfer projects announced last week for the stretch from central Ha Tinh province to Mekong Delta’s Can Tho city.
The ratio of foreign direct investment pouring into Vietnam’s manufacturing and processing sectors is a bright spot on a dark the country’s investment picture.
Korea and Vietnam have both contributed greatly to developing each other’s economies for the past 20 years. The trade volume between Korea and Vietnam has risen 20 to 25 percent every year.
A range of draft laws, including Employment Law, and resolutions were scheduled to be discussed at the 12th session of the National Assembly’s Standing Committee, which began yesterday in Ha Noi and will last until next week.
