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Ho Chi Minh City has so far attracted 3,128 foreign direct investment (FDI) projects, worth 25.6 billion USD in total, said the municipal Planning and Investment Department.
The government will give greater priority to improving state budget-funded infrastructure project planning, laws and regulations next year.
Vietnam’s economic hub HCMC remains a destination of choice for real estate developers as showed in the Emerging Trends in Real Estate Asia Pacific 2009 report released by the U.S-based Urban Land Institute (ULI) and PricewaterhouseCoopers.
Investors in Vietnam and around the world are facing Any time a stock market falls over 60 per cent within one year, you must ask if an opportunity is emerging or whether the coffin is truly being lowered into the ground.
Severe cost overruns have delayed many large transportation projects, mostly funded by Japanese official development assistance, the Government has said.
Concerns over commercial banks’ bad debts in real estate lending have been watered down.
Thua Thien- Hue Province hosted a forum yesterday to discuss how to encourage foreign investment, particularly from the Republic of Korea, in the province
Viet Nam Coal and Mineral Industries (Vinacomin) Group will raise slag prices for three major producers of cement, paper and fertiliser effective immediately and be allowed to sell at market prices as of the second quarter of next year, under a plan approved by the Ministry of Finance.
The First World Vietnamese Business Forum opened in Paris, France on November 14 with the participation of nearly 400 businessmen who are Vietnamese nationals living abroad and entrepreneurs from France, Switzerland, the UK, the US and Canada.
Investment and Construction Authority for Thu Thiem New Urban Area (Thu Thiem ICA) looks set to clinch a contract with the French firm Defrain Souquet Architectes (DeSo) for doing the second-phase designs for Central Plaza and Crescent Park in Thu Thiem new town.
Two major State-owned commercial banks have further cut lending interest rates to as low as 14 per cent per year, but many companies maintain that it is difficult to qualify for loans.
Domestic shipping enterprises have been hit hard by the global financial crisis, which has led to shipping costs falling by 30 to 70 per cent.
