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Japanese investors are marching towards Vietnam. Not only accounting for 90 percent of the total foreign direct investment (FDI) in the country; Japanese have been penetrating the Vietnamese market through merger and acquisition (M&A) deals.
Vietnam’s Ministry of Finance is considering giving more tax breaks to businesses as the number of closures has surged amid the slowing economy.
Several French companies specializing in railway development have expressed interest in HCMC’s metro line projects.
Vietnam’s Ministry of Industry and Trade has called for suspension of a new environmental tax on plastic bags, saying the plastic industry is struggling with low sales due to higher prices.
Vietnam’s real estate loans stand at a safe level and property developers are not on the verge of bankruptcy, despite an ongoing market slump, a government official has said.
The private firm Cong Ly Construction-Trading-Tourism Co. is seeking the HCMC government’s permission to develop a large-scale wind power project in the outlying district of Can Gio’s Can Thanh Town.
HCM City authorities are encouraging local and foreign enterprises in the city to invest in fields that deal with science and high technology, as part of their economic restructuring plan to reach certain targets by 2015.
Construction has started on the first public high rise parking lot in Ho Chi Minh City, as many similar structures are expected to be built in coming years.
The US$1.2 billion Tokyu Binh Duong Garden City project took the lead in attracting foreign direct investment (FDI) in the first three months of the year.
The Civil Aviation Administration of Vietnam (CAAV) has approved Emirates Airline and Saudi Airlines Cargo to operate flights between the Middle East and HCMC in summer schedule, which will begin late this month.
