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Chinese plastic products, construction materials, clothes and footwear are forecast to pour into Vietnam in 2009 – the so-called ‘Chinese junk storm’.
Toyota Tsusho Corp (8015.TSE), a trading house affiliated to the Toyota Motor Corp., is set to import rare-earth metals from India and Vietnam, a move that will give the auto giant independent sources of these key materials for the production of its hybrid cars.
Vietnam lowered fuel prices by 8 percent Tuesday as world oil prices fell to three-year lows.
The Sun Steel Joint Stock Company (Sunsco) has begun the construction of a steel mill in Tan Dong Hiep commune, Di An district, southern Binh Duong province at a cost of more than 35 million USD.
Prime Minister Nguyen Tan Dung has approved a master plan for developing the country’s urban areas by 2025. It lays out the step-by-step creation of a network of urban areas with similar infrastructures and populations.
A cautious policy of managing foreign debts at safe rates helped Vietnam minimise the adverse impacts of the Asian financial crisis in 1997, and is helping them weather the storm of the recent US financial crisis.
The Government has drawn up five measures to stimulate the economy, with the focus being on reinforcing the inner strength. Experts talk about these measures.
HCMC – Prime Minister Nguyen Tan Dung has signed a decision approving a medium- and long-term foreign commercial loan ceiling of USD 4.7 billion this year, the Government said on its website.
Prime Group JSC has announced that DWS Vietnam Fund, via a wholly-owned subsidiary, has made a US$20 million investment in the company.
The international consulting group KPMG has highlighted Vietnam as a prospective destination for foreign direct investment (FDI) from developed countries in a large swathe of business areas despite the slump worldwide.
Ba Ria-Vung Tau Province has been attracting plenty of foreign direct investment in tourism projects but local authorities are concerned over the sluggish rate at which the money actually flows in.
