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Vietnam needs to strengthen its economy and optimise its competitive advantages, while continuing to reform its policies, according to the European Chamber of Commerce in Vietnam (EuroCham).
Growth of revenue isn’t commensurate with growth of subscribers. Competition to cut charges and launch promotion campaigns among mobile service providers has pulled average revenue per user to the floor.
Efforts to call foreign investors into HCMC’s industrial parks and export processing zones in 2008 did not pay off well due to the lack of available land for rent and the insufficient infrastructure, according to HCMC’s Export Procesing and Industrial Zones Authority (Hepza).
Foreign experts believe that it is now necessary to pump capital into the real estate market, albeit carefully and cautiously.
Vietnam’s economy is becoming good again after a period of “too hot” development, said John Shrimpton, director of Dragon Capital in Ho Chi Minh City.
Prime Minister Nguyen Tan Dung has urged local authorities of the southern Kien Giang Province to accelerate a plan to turn Phu Quoc, the largest island of Vietnam, into a big tourism centre.
While the majority of businesses in the Asia Pacific region have been delaying the capital investment plan for the next six months, Vietnamese businesses still keep the same investment pace.
Vietnam remains an important destination for investors from the Republic of Korea (RoK), said a representative from the Korea Trade Investment Promotion Agency (KOTRA) in Vietnam.
Vietnam tops the list of electricity markets that the Republic of Korea (RoK) investors are interested in, a recent survey conducted by the RoK Electric Association said.
The Vietnam Association of Small and Medium Industrial Enterprises (VASMIE) made its official debut in Hanoi on November 23.
A joint venture between Vietnam Shipbuilding Industry Group (Vinashin) and Malaysia ’s Lion Group on Nov. 23 kicked off construction of a $9.8 billion steel complex in central Ninh Thuan province.
Prime Minister Nguyen Tan Dung attended a ground-breaking ceremony for an international airport project on the Phu Quoc island district in the southern province of Kien Giang on November 23 to make the resort island a national tourist and commercial hub.
