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Despite the negative impact of the global financial meltdown and economic recession, Vietnam’s economy grew by 3.9 percent in the first half of this year and is showing signs of picking up in the second half.
Viet Nam Cement Corp announced on June 23 that the company plans to kick off the construction project of Ninh Binh – Thanh Hoa Highway with the total investment capital of 32 trillion dong, or $2 billion.
Vietnam and China will exchange lists of fruit farms and establishments that package the products exported to each other’s markets as from July 1. This will pose a big challenge but offer a good chance for Vietnam to manage and increase the export of farm products much more effectively.
The flow of foreign direct investment (FDI) into the country in the first half of this year fell by a sharp 74% year-on-year to some US$8.8 billion, according to the Ministry of Planning and Investment’s Foreign Investment Agency.
Viet Nam is overwhelmed with an increasing influx of gold jewelry smuggled from China as domestic gold prices are nearly VND500,000 per tael higher than global levels.
Viet Nam is eager to hear ideas on ways to boost its investment environment, Deputy Prime Minister Hoang Trung Hai said at the World Economic Forum (WEF) on East Asia on June 19.
South Korea’s leading retailer, Lotte Mart, will invest US$2 billion in building an observatory tower complex, one of the major projects in Ho Chi Minh City’s Thu Thiem New Urban Area.
The Nghi Son Economic Zone (EZ) in northern central Thanh Hoa province has to date pulled in 25 investment projects totaling US$8.5 billion, Mai Van Ninh, chairman of the provincial people’s committee said.
Ha Noi police are conducting an investigation into an investment project operating with a fake investment licence.
A Vietnamese business delegation led by Ambassador Bui Dinh Dinh visited Russia ’s Kursk province from June 19-21 to study business opportunities.
