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Vietnamese businesses are very active when dealing with importers and promoting trade in future potential markets. However, businesses need to work with each other, as well as with leading importers, if Vietnamese products are to gain a firm foothold in big overseas markets.
The government has asked the National Assembly to approve more funds for three major infrastructure projects, all of which are behind schedule.
The Ho Chi Minh City People’s Committee has recently ordered the District 2 People’s Committee to impose sanctions on investors who have done little for resettlement areas linked to the Thu Thiem new urban area project.
FDI disbursement in the first ten months of the year was estimated at 8 billion USD, representing 87.9 percent of the year’s target of 10 billion USD.
Danish brewers Carlsberg will receive the support of the Thua Thien-Hue Province People’s Committee in acquiring the committee’s 50 percent stake in the Hue Brewery Company, basing on a memorandum of understanding signed between the committee and the company on Wednesday.
The Singaporean-headquartered CapitaLand has deployed 299 million Singaporean dollars (223 million USD) to further its growth in the real estate sector in Vietnam.
The national flag carrier Vietnam Airlines will launch direct flights linking the Vietnamese capital Hanoi and the city of Osaka, Japan, on January 13, 2010.
Domestic construction materials are increasingly unable to compete with cheap Chinese products.
Vietnam’s legislators have set an economic growth target of 6.5 percent for next year, asking the government to reform the economy for sustainable growth.
Key projects in Vietnam like the Dung Quat oil refinery and the HCM City highway increasingly seem to find themselves over budget.
Vung Tau City-based Kim To Co Ltd has introduced to public its three large-scaled real estate projects of Ocean View Manor complex, Binh Chau hot-spring villa complex and Ocean View Hoan Vu high-rise building.
