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Japanese companies pledged to invest a total USD4.33 billion in Vietnam in the first eight months of this year, accounting for 51.1% of the country’s combined foreign direct investment (FDI) in the period.
The retail prices of gasoline and diesel oil/kerosene will go up by VND650-700 per liter and VND300-400 per liter from 7:00 pm today respectively, the third price increase this month, said state agencies and local petroleum wholesalers.
The Consumer Price Index (CPI) in August increased by 0.6 percent over last month, the General Statistics Office (GSO) announced on August 24.
Most of the foreign direct investment (FDI) projects in the first eight months of this year are of small and medium scale, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
Unlimited electronic gaming facilities, in accordance with the latest Ministry of Finance’s decree draft, could open the door for more foreign-invested projects in Vietnam.
A strategy on developing science and technology in Hanoi to 2020 has set ambitious targets of raising value of hi-tech products to 20% of the capital’s GDP by 2015 and 50% by 2020.
Plan International (Plan), an international humanitarian organisation, will provide US$2.5 million in aid to the central province of Quang Ngai in 2013-2016.
India has not withdrawn from oil and gas exploration in a block in the South China Sea where China claims territorial rights over blocks originally allocated by Vietnamese oil company PetroVietnam, the government has said.
The estimated cost for the expressway connecting Nha Trang City in Khanh Hoa Province to Phan Thiet City in Binh Thuan Province is over VND77 trillion, or some US$3.5 billion, with over VND49 trillion for construction alone.
The southern province of Ba Ria-Vung Tau should pool resources to develop its support industries and logistics in the future, said Japanese experts.
Taiwan-based Nan Shan Life Insurance Co. will set up a subsidiary in Vietnam by the end of 2013 and one in China in three years, the company’s chairman Koay Boon-teik said Monday.
