Standard & Poors more confident in Vietnam

Date: 07/09/2012

The New York-headquartered financial services firm Standard & Poor’s said in a report given to The Saigon Times Daily that in August it revised Vietnam’s economic outlook to ’BB-/Stable/B’ from ’BB-/Negative/B’.

Vietnam, Pakistan target 500 million USD trade

Date: 04/09/2012

Vietnam and Pakistan are determined to achieve the 500 million USD target of bilateral trade by December 2013.

Kumho to act as a magnet for investors in Thai Nguyen

Date: 04/09/2012

Kumho Asiana Group expressed interest in investing in a township and industrial park in northern Thai Nguyen province’s Yen Binh complex.

Hai Phong ranks second in FDI attraction

Date: 04/09/2012

The northern port city of Hai Phong attracted over $1.1 billion in new and added foreign investment in the first eight months of this year, ranking second in the country after southern Binh Duong province.

Business in brief in 31 Aug 2012

Date: 04/09/2012

(Sourced from various news agencies)

Public investment law clarifies personal accountability

Date: 31/08/2012

The Ministry of Planning and Investment has submitted to the Government the draft Law on Public Investment, which clarifies the responsibilities of competent persons.

Multi billion dollars slip out of hands ’cause of weak supporting industries

Date: 31/08/2012

Billions of dollars worth of revenue from providing equipments, machines and accessories for industrial projects have been falling into the hands of the Chinese contractors because Vietnamese enterprises remain uncooperative.

Businesses invest heavily in ERP

Date: 31/08/2012

Many local enterprises are still spending huge sums on the enterprise resource planning (ERP) solutions despite earlier warnings by experts that economic woes would slow down the growth of this IT market segment.

Economy in 2013: Unly to Revive

Date: 31/08/2012

Vietnam Report Joint Stock Company (VNR) recently released the second edition of Policy Debate with the theme "Economy and economic restructuring in 2013: From the perspective of big businesses." VNR surveyed perspectives of the largest and best-performing companies in Vietnam on macroeconomic outlook...

Empowering Foreign Investors

Date: 31/08/2012

Foreign investors registered to invest US$8.03 billion in Vietnam in the first seven months of 2012, equal to only 66.9 percent in the same period of 2011. The prolonged decline in FDI capital fanned concerns over the country’s economic outlook.

Is Industry Capable of Billion-Dollar Projects?

Date: 31/08/2012

In the first 7 months of 2012, Vietnam attracted US$8.03 billion of foreign direct investment (FDI), in which, investment in industry accounted for nearly 70 percent of total registered capital, but most projects were small-scale. This situation makes many people wonder that whether Vietnam’s industry...

Complete legal documents on nuclear power urged

Date: 31/08/2012

Deputy Prime Minister Hoang Trung Hai has asked relevant agencies to quickly complete legal documents regarding nuclear power as part of effort to speed up the realization of the country’s first nuclear power plant project.

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