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Industrial zones in the central province of Nghe An have to date attracted 80 projects, including nine foreign-invested projects, worth a combined US$1.85 billion. Of the total, 42 are already operational.
Four would-be investors in the Tinh Phong Industrial Zone in the central province of Quang Ngai have had their licenses canceled for making too slow progress, Le Hong Ha, deputy head of the Quang Ngai Industrial Zone administration, said Monday (16 May 2011).
The New York based Seeking Alpha website on May 18 posted an article saying that there are many opportunities to invest in Vietnam.
Thai Nguyen provincial governance on May 17 said that only 137 of 217 works and ground clearance projects had been handed over to investors because of standstill in ground clearance, inadequacies in compensation policy.
The Ministry of Construction has just completed a draft circular allowing the use of resident apartment blocks for commercial purposes.
The General Statistics Office stated that the consumer price index (CPI) in Hanoi and Ho Chi Minh City had slowed down in May.
Real estate investors have started speculating in lands in Long An Province adjacent to Ho Chi Minh City since the southern province’s infrastructures were upgraded to become a bridge between the southern hub and Mekong Delta provinces.
Vietnam’s central bank is considering either increasing the interest rate cap of 14 percent on dong deposits or terminating it altogether as banks complain about difficulties in raising funds.
Vietnam encourages investment into the modern entertainment industry and this is in line with the orientation of the national tourism development strategy for 2020 and vision for 2030, the country’s tourism administration chief said Friday.
HCMC is set to suffer heavier flooding again in the upcoming rainy season due to more delays in drainage projects.
Despite an abundant supply, Vietnam is still among the world’s most expensive place to rent offices.
Vietnam’s General Department of Customs has reported that 21,406 foreign-made cars worth US$392 million were imported in the country during the first four months of the year, an increase of 63% in volume and 72% in value compared to the same period last year.
