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The first overseas branch of Saigon-Hanoi Commercial Joint Stock Bank (SHB) officially launched in Phnom Penh yesterday in its first bid to tap neighboring ASEAN economies.
Industrial parks in Hanoi have attracted $97.6 million in foreign investment in the first month of this year.
Industry insiders are worried over a sharp decline in new businesses in 2012.
A draft decree on non-cash payments mapped out by the central bank will be sent to the central government for approval early this year.
Things are looking up for the industrial park property market this year with many projects likely to be implemented with "multi-use" components, according to property service provider CB Richard Ellis (CBRE) Vietnam.
There are many opportunities to invest in Myanmar, says Vietnamese counsellor in Myanmar Tran Phuoc Anh.
Prime Minister Nguyen Tan Dung has signed a decision to ratify an import/export strategy for the period 2011-20 with an orientation towards 2030.
Following the industry’s first acquisition last year, the domestic telecom sector is expected to witness more mergers and acquisitions this year, insiders said at a seminar last week.
Vietnamese companies are investing in more overseas projects, with total registered capital amounting to US$2.12 billion last year, according to figures from the Ministry of Planning and Investment.
The HCMC government has decided to revoke the investment certificate of the Thu Thiem Software Park project in the city’s District 2 after three years of delay.
