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Vietnam’s remarkable success in cultural and socio-economic fields and its great efforts in curbing inflation, natural disasters and epidemics in 2008 have increased its role and prestige in the international arena.
Right after the ingot steel price in the world inched up, domestic steel producers have raised the sale prices by VND 500,000-700,000 per tonne, despite the big stocks.
Work on the highway section to connect Ho Chi Minh City with Trung Luong T-junction will be completed on December 31, the Ministry of Transport announced recently.
Vietnam may attract US$50 billion in foreign direct investment (FDI) this year, more than double last year’s $20.3 billion, according to the National Center for Socioeconomic Information and Forecast (NCSIF).
The Chief Representative of JICA Vietnam Office, Motonori Tsuno, talked about ODA and Japan International Cooperation Agency’s (JICA) contribution to Vietnam over the past 15 years.
Vietnam’s bonds Tuesday gained for a second day on speculation banks will use rising cash surplus to buy government debt, while the dong held steady.
With 63 percent of its population under the age of 35, its high economic growth rate and fast increasing standard of living, Vietnam is a popular destination for the cosmetics industry.
Vietnam Tuesday led a chorus of calls for the European Union not to extend anti-dumping duties on Chinese and Vietnamese shoes, saying the measures were protectionist and had already cost tens of thousands of jobs.
Since the Enterprise Law and Investment Law came into effect two years ago, Vietnam has created a favourable climate for domestic and foreign businesses of all economic sectors to operate on an equal footing and without discrimination.
The Vietnamese economy may be slowing down as a result of the global recession but foreign experts and investors remain highly optimistic, as they told Sai Gon Giai Phong.
The southern economic hub Ho Chi Minh City is accelerating administrative reform in investment licensing and site clearance to attract more foreign direct investment (FDI) in 2009.
