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Following the industry’s first acquisition last year, the domestic telecom sector is expected to witness more mergers and acquisitions this year, insiders said at a seminar last week.
Vietnamese companies are investing in more overseas projects, with total registered capital amounting to US$2.12 billion last year, according to figures from the Ministry of Planning and Investment.
The HCMC government has decided to revoke the investment certificate of the Thu Thiem Software Park project in the city’s District 2 after three years of delay.
Since its slide into difficulties four years ago, the local property market has remained challenging for developers as secondary investors have left the market while homebuyers are holding a wait-and-see attitude.
Several local provinces are seeking to woo Japanese investors when shifting to develop industrial parks tailor-made for them in order to attract more investment from Japan.
Big institutions in the world all have predicted that the seafood demand would be very high in 2012, while the supply would be short. Therefore, Vietnam’s plan to increase the seafood revenue to 6.5 billion dollars from 6 billion in 2011 is within reach.
The Malaysia-based Toyo Ink Group and Power Engineering and Consulting Joint Stock Co No.2 (PECC2) have signed a consulting contract for drafting the Song Hau 2 Thermo-Power Plant project in southern Hau Giang Province.
Many shipping lines have started to impose a new general rate increase (GRI) on containers of goods exported to the U.S. with a rise ranging from US$320 to US$450 per container.
City authorities this year will focus on restructuring economy and lowering the CPI (consumer price index) below the national level.