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The economic zone in north-central Vietnam that houses the Formosa Plastics Group steel mill is likely to see a new multibillion investment from another Taiwanese investor, local authorities revealed.
New decrees are to liberate productive forces, facilitate businesses and people, and drive development, Prime Minister Nguyễn Xuân Phúc said yesterday.
The military telecom group Viettel said it has spent 50 million USD to connect the AAE-1 international submarine cable network with its station in the southern province of Ba Ria-Vung Tau.
South Africa considers Vietnam a promising economic, trade and investment partner, said South African Ambassador to Vietnam Kgomotso Ruth Magau during a Vietnam-South Africa business meeting on June 23 in Ho Chi Minh City.
International integration and engagement in new-generation free trade agreements (FTAs) have opened up a fresh development space for the Vietnamese economy, President Tran Dai Quang has said.
Vietnam’s competitive environment has improved after two years of implementing the Government’s Resolution 19 on improving the business environment and national competitive ability.
Deputy Prime Minister Pham Binh Minh has requested improving the effective use of official development assistance (ODA) and preferential loans to ensure the safety of public debts.
Taiwan’s Wei Yu Engineering Company has sought licenses from the central province of Ha Tinh to build a US$1 billion livestock farming and food processing complex and a $1.5 billion wharf.
Foreign investors have ploughed into Vietnam an estimated $7.25 billion in actual investment in the first half of this year, up 15.1 percent from a year ago, the Planning and Investment Ministry said on Thursday.
Ho Chi Minh City has announced the introduction of a credit support package for startups worth VND1 trillion ($45 million).
Amata Vietnam and Tuan Chau Group have officially decided to establish Tuan Chau-Amata joint venture to develop a $1.6 billion industrial park and the Amata City Halong complex in the northern province of Quang Ninh.
Prime Minister Nguyen Xuan Phuc affirmed the government’s resolve to create the best possible conditions for businesses to perform, saying this is one of the important contents of a new resolution on support and development of enterprises by 2020.
