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Vietnam will make cautious foreign direct investment forecasts until the end of next year on the back of international analysts’ predictions that a rebound could be postponed until 2011.
Seafood exports have shown signs of rapid recovery over the last few months and could reach 100,000 tonnes worth more than US$400 million in August, according to the Ministry of Industry and Trade.
Viet Hung Urban Development and Investment Co broke ground on Saturday on a US$8 billion township just 12.8km from the heart of Ha Noi, across the Hong River.
Official development assistance from Japan to Vietnam will reach record heights in 2009, and it will include earmarks for environmentally-friendly projects for the first time, said the Japanese ambassador.
Coal miners in Quang Ninh province are being injured or killed in accidents because they fail to abide by safety procedures in their drive for higher wages.
Director of the Viet Nam Railway Department Vu Xuan Hong spoke to Dau Tu (Viet Nam Investment Review) about a project to build an express railway from HCM City to Can Tho.
Vietnam Oil & Gas Group, known as PetroVietnam, began working with the Vietnam Machinery Installation Corp. to construct a 1,200-megawatt coal-fueled power plant in the central province of Ha Tinh on Thursday.
Vietnam Oil & Gas Group won a contract to operate the Nghi Son port, where a new oil refinery is slated to be built, the state company said in a press release Wednesday.
Military Commercial Joint-Stock Bank expects to list its shares on Vietnam’s main stock exchange in the second quarter of next year.
France’s BNP Paribas has agreed to raise its stake in Vietnam’s Oricombank to 15 percent from 10 percent, the Vietnamese lender said Thursday, without putting a value on the deal.
Since the ‘Buy Vietnamese goods’ movement was launched, Vietnam-made goods have accounted for 80-90 percent of items displayed at supermarkets. However, this doesn’t mean that all the goods will sell.
American’s Starwood Hotels & Resorts is planning to open three new high-end hotels and resorts in well-known tourist destinations in Vietnam in the next three years.
