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Viet Nam’s central region has seen many investment projects remain incomplete as investors fail to finish the work they started.
Norway and the UN Industrial Development Organisation (UNIDO) have pledged US$5.2 million to help simplify the registration of new businesses in Viet Nam. Viet Nam News reporter spoke to UNIDO Viet Nam representative Nilgun Tas about the project.
Floor board producers have asked the Government to remove the 10 per cent export tax on their products, saying that the recent duty was pushing them into the red.
Export turnover in 2008 reached nearly US$63 billion, an increase of 29.5 per cent over last year despite the global economic downturn, according to the General Statistics Office (GSO).
The Vietnam Glass Association (Vieglass) has asked the Government to raise the import tax on construction glass products sourced from ASEAN to 20%.
“Bad and very bad” are the words experts are using to describe the picture of the world’s economy in 2009. Local businesses say that in such conditions, it would be better ‘to do nothing’. Meanwhile, economists still believe that Vietnamese businesses can survive the difficulties and develop.
Real estate trading classes have been expanding to receive more and more people who are rushing to learn and obtain their real estate practice certificates prior to January 1, 2009.
The electronic sector’s exports jumped from 1.4 billion USD in 2005 to 2.1 billion USD in 2007, making it the country’s sixth-highest currency earner, according to the Ministry of Industry and Trade.
Despite the big difficulties of the national economy in 2008, foreign banks in Vietnam are satisfied with their profit growth rates and optimistic about the financial market’s development.
Vietnam and Japan signed an economic partnership compact in Tokyo on Dec. 25, laying the ground for a stronger bilateral economic, trade and investment cooperation.
The shipbuilding industry has to develop human resources and ancillary industries to achieve its targets of increasing local content and become the world’s fourth-largest shipbuilder in the next decade, a conference heard.
Vietnam attracted 1,171 new foreign direct investment (FDI) projects with a total registered capital of over 60.2 billion USD in 2008, tripling last year’s figure, reported the Foreign Investment Department under the Ministry of Planning and Investment (MPI).
