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Vietnamese businesses’ overseas investment activities have been actively implemented with satisfactory results, helping boost the export and consumption of Vietnamese goods in foreign countries, said an official from the Ministry of Planning and Investment (MPI).
Exchanging legislative and other experiences between the national assemblies of Vietnam, Laos and Cambodia during the current economic crisis was the main theme of a seminar that opened in southern Ba Ria-Vung Tau province on September 21.
Vietnam should develop a market-based fuel pricing system and stop focusing on revenues for the state budget, said local fuel traders seeking for more freedom in doing business.
Enterprises will be free to export fertiliser without having to seek Government approval, said general secretary of the Viet Nam Fertiliser Association (VNFA) Nguyen Hac Thuy.
The state-run Saigon Real Estate Company (Resco) on Saturday (19 Sep 2009) launched a VND792-billion (USD44.42 million) low-income housing project in Ho Chi Minh City.
The Central Highland province of Dak Lak has licensed Singapore’s Jayangti Pte Ltd to build a 6,000 tonne-a-year instant coffee plant in Dray Blang commune, Cu Kuin district.
Steel sales in Vietnam are set to rise 20 percent to 4.6 million tons this year but the new plants starting up in the final quarter will boost the country’s 2009 output to 7 million tons, an industry association said.
Confusion over food imports has meant food left rotting in ports months after its delivery date and subsequent expiration.
Many Vietnamese products have gained a prestigious reputation on the global market. However, to penetrate and secure a foothold, Vietnamese businesses still have a lot to do.
Deputy Prime Minister Nguyen Thien Nhan on September 20 presented the “Vietnam Golden FDI” Awards to 85 FDI businesses and 15 entrepreneurs that have attained the most outstanding production and business performances in and out of the country.
Vietnam will only make cautious forecasts about foreign direct investment (FDI) until the end of next year as a number of international financial analysts have warned that a recovery might not materialize until 2011.
