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Ho Chi Minh City, Vietnam’s southern largest economic hub, attracted 203 foreign direct investment projects with a total capital of 713 million USD in the first seven months of this year.
Malaysia’s Lion Group said its planned USD9.8 billion steel plant venture in Vietnam is being reviewed in light of the global financial crisis.
Vietnam’s inflation rate, which skyrocketed last year, eased to 3.31% in July, according to the latest figures from the General Statistics Office.
A signing ceremony was held on Sunday (26 July 2009) by Cambodia and Vietnam on the establishment of Cambodian Air Carrier which was a joint venture between Vietnam Airline and National Cambodia Air Carrier namely Cambodia Angkor Air.
Hospitality was the most popular foreign direct investment sector in the first half, attracting US$4.5 billion - nearly half the overall foreign direct investment promised nationally.
The United States and Australia have announced increased support to ‘lower Mekong’ development initiatives whilst meeting with Vietnam and neighboring nations on the margins of the annual ASEAN Regional Forum.
The US$1.2 billion Thu Thiem Software Park project underway in Ho Chi Minh City, touted as Vietnam’s biggest software center, is in danger of losing its investment license.
Representatives of New Zealand’s leading construction companies are in Vietnam to gauge the market potential and look for buyers of their products and services.
Preliminary statistics show that more than four million square metres of public land are abandoned and tens of millions more are not put into proper use in Hanoi and Ho Chi Minh city alone.
Total industrial production value in HCM City reached VND237,500 billion in the past seven months, up 4.8 percent from a year ago.
Singapore-based Sembcorp will invest in a 1,200ha township and industrial park in the northern port city of Hai Phong , a company executive has said.
Hoang Anh Gia Lai Group, will carry out an investment project to plant rubber trees and build a factory for rubber processing in southern Laos.
