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Viipip.com - Vietnam Steel Group (VNSTEEL) officially proposed People’s Committee of Can Tho city for renting 50 hectares in Hung Phu I industrial zone to build a steel plant.
With Viet Nam’s entry into the WTO, foreign pharmaceutical firms gained the right to import and distribute pharmaceuticals in the country. Viet Nam News speaks with representatives of foreign drug companies.
Moscow’s prospects of economic cooperation with Hanoi capital and Ho Chi Minh City are promising, especially in the fields of small and medium-sized enterprises, training, mining, tourism, infrastructure, culture and science, said a municipal official.
According to many property experts’ predictions, the Vietnamese property market will not fully recover in 2009 because of the world economic crisis effects which become more and more serious.
Vietnam needs to strengthen its economy and optimise its competitive advantages, while continuing to reform its policies, according to the European Chamber of Commerce in Vietnam (EuroCham).
Growth of revenue isn’t commensurate with growth of subscribers. Competition to cut charges and launch promotion campaigns among mobile service providers has pulled average revenue per user to the floor.
Efforts to call foreign investors into HCMC’s industrial parks and export processing zones in 2008 did not pay off well due to the lack of available land for rent and the insufficient infrastructure, according to HCMC’s Export Procesing and Industrial Zones Authority (Hepza).
Foreign experts believe that it is now necessary to pump capital into the real estate market, albeit carefully and cautiously.
Vietnam’s economy is becoming good again after a period of “too hot” development, said John Shrimpton, director of Dragon Capital in Ho Chi Minh City.
Prime Minister Nguyen Tan Dung has urged local authorities of the southern Kien Giang Province to accelerate a plan to turn Phu Quoc, the largest island of Vietnam, into a big tourism centre.
While the majority of businesses in the Asia Pacific region have been delaying the capital investment plan for the next six months, Vietnamese businesses still keep the same investment pace.
Vietnam remains an important destination for investors from the Republic of Korea (RoK), said a representative from the Korea Trade Investment Promotion Agency (KOTRA) in Vietnam.
