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Vietnamese investment firm VinaCapital is planning a US$400 million property fund, hoping bargain deals will persuade investors to brave a market that was rocky even before the recent global financial turmoil.
Hong Kong’s financial chief places value on his territory’s economic and trade cooperation with Vietnam and affirmed that there is huge potential for these ties to develop further in the future.
Sony Corp. has begun importing products into Vietnam after closing down its production facility in Ho Chi Minh City in late September.
The European Chamber of Commerce in Vietnam (EuroCham) will give further assistance to Vietnam in boosting its economic development, according to a EuroCham executive.
RAAS, a blood product supply company, will no longer develop a planned resort and spa project in Khanh Hoa Province for the upcoming Miss World 2010 pageant, the provincial government said Wednesday.
Deputy Minister of Agriculture and Rural Development Diep Kinh Tan said that Vietnam once witnessed very high foreign direct investment (FDI) in agriculture. However, the FDI in the field has been decreasing over the last three years.
The Ho Chi Minh City People’s Committee has directed the Urban Railway Management Board to discuss with Japan International Cooperation Agency to double their investment in the Ben Thanh-Suoi Tien Metro route.
Deputy Prime Minister Hoang Trung Hai has given his permission to the northern mountainous province of Cao Bang to negotiate with foreign partners to set up bauxite mining joint-venture companies.
A source in the Ministry of Traffic and Transportation said that Korea based Chungsuk Engineering Co is asking permission to build the high-speed twin railway from HCM City to Khanh Hoa province’s Nha Trang City under the Public-Private Partnership (PPP) method.
Deputy Prime Minister Pham Gia Khiem has proposed the establishment of a task group to resolve a number of difficulties faced by Vietnamese and Italian businesses in a move to foster bilateral economic relations.
Experts have forecast that heavy pressure is in store for Vietnamese footwear exported to the EU in 2009, when the tariff is raised.
