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The Ministry of Industry and Trade, for the third month in a row, ordered national utility Electricity of Vietnam not to rotate blackouts in June as conditions for power production are favorable at present.
Vietnam produced 1.13 million tonnes of sugar in the 2010-11 sugarcane seasons, up 21.3 percent against the last season, according to the Vietnam Sugarcane and Sugar Association.
Slovakian BTG Construction Group has chosen Hoa Binh province as a destination to deploy a number of projects, which are expected to start operation in 2011-2013.
Tien Giang provincial governance introduced an array of resort real estate projects to foreign investors in the international exhibition and conference on cooperation opportunities in real estate and tourism on May 20, a newspaper reported.
Industrial zones in the central province of Nghe An have to date attracted 80 projects, including nine foreign-invested projects, worth a combined US$1.85 billion. Of the total, 42 are already operational.
Four would-be investors in the Tinh Phong Industrial Zone in the central province of Quang Ngai have had their licenses canceled for making too slow progress, Le Hong Ha, deputy head of the Quang Ngai Industrial Zone administration, said Monday (16 May 2011).
The New York based Seeking Alpha website on May 18 posted an article saying that there are many opportunities to invest in Vietnam.
Thai Nguyen provincial governance on May 17 said that only 137 of 217 works and ground clearance projects had been handed over to investors because of standstill in ground clearance, inadequacies in compensation policy.
The Ministry of Construction has just completed a draft circular allowing the use of resident apartment blocks for commercial purposes.
The General Statistics Office stated that the consumer price index (CPI) in Hanoi and Ho Chi Minh City had slowed down in May.
Real estate investors have started speculating in lands in Long An Province adjacent to Ho Chi Minh City since the southern province’s infrastructures were upgraded to become a bridge between the southern hub and Mekong Delta provinces.
Vietnam’s central bank is considering either increasing the interest rate cap of 14 percent on dong deposits or terminating it altogether as banks complain about difficulties in raising funds.
