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The global recession has taken a toll on foreign investment and tourism to Vietnam in the first four months of the year, the government said Tuesday.
HCM City has seen retail sales, industrial output, and service revenues grow in April, but exports and FDI slow down, city authorities reported at a meeting on April 23.
State President Nguyen Minh Triet approved central Quang Tri province’s plan to build the My Thuy deep-sea port and the Dong Nam sea-based economic zone to spur its economic development.
Japan’s Nippon Steel has decided to acquire a 15-percent stake in a cold-rolled steel mill in the southern province of Ba Ria-Vung Tau, previously being developed solely by the Vietnam affiliate of S.Korea steel giant POSCO.
The first complete concrete highway in Viet Nam has been planned for next year.
Viet Nam Railway has decided to invest VND 30 billion to upgrade the railway though Hai Van Pass.
Vietnam’s first factory to produce solar panels started up in Duc Hoa Industrial Park in the southern province of Long An on April 27.
The European Chamber of Commerce (EuroCham) stated that Vietnam is “a safe place for foreign investors” during talks between representatives of a number of European businesses and the Vietnamese Ministry of Trade and Industry in Hanoi on April 27.
The signing of a number of cooperative documents to develop the Vietnam-Japan Support Industry Park took place in Que Vo Industrial Park (IP) on April 27 as part of a comprehensive cooperative programme between the two countries.
Industrial production in April has bounced back, with a 5.4 percent increase year-on-year, according to the General Statistic Office (GSO).
The Thang Long Joint Operation Corporation (JOC) signed contracts with a number of partners to develop the Hai Su Trang (White Sealion) field and the Hai Su Den (Black Sealion) field in block 15-2/01 of the Cuu Long basin in Vietnamese waters, in Hanoi on April 22.
Many foreign people are working in Vietnam without labour licenses or professional certificates. The Prime Minister has asked the Ministry of Labour, Invalids and Social Affairs and relevant ministries and agencies to take tougher measures to improve foreign- worker management.
