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With a surge of Italian investor interest in Vietnam, reflected in the largest-ever Italian business mission to the South East Asian country this week, MTS Vietnam general director Stefano Cartoni shares his positive outlook in the face of economic concerns with VIR.
Switzerland-based power and automation technology group ABB will start constructing a new factory in northern Bac Ninh Province tomorrow, the company said in a statement.
Many businesses who wish to display the national trademark want the government to make the criteria public, while others are not clear about the responsibilities and activities entailed under the program.
HA NOI — The retail price of petroleum was slashed by VND1,000 (US$0,06) per litre nationwide on Saturday, according to a joint decision by the Ministry of Finance and the Ministry of Industry and Trade.
The government is encouraging the private sector to invest in waste treatment and sewage systems in urban areas because these are problems that go beyond one sector or government agency, the construction minister said.
HA NOI — The Viet Nam Bank of Industry and Trade Bank (Vietinbank) will help finance the nation’s largest bauxite-aluminium project in the Central Highland province of Lam Dong, pursuant to an agreement signed last Saturday with the Viet Nam National Coal and Minerals Industries Group (Vinacomin).
The Ministry of Transport has permitted the Viet Nam Maritime Administration (Vinamarine) to invest VND3,148 billion (US$185 million) to build a 40-kilometre sea passage in Tra Vinh Province.
Vietnam is focusing on simplifying investment and administrative procedures to attract foreign investment, including Japanese enterprises’ investment, said Deputy Prime Minister Nguyen Sinh Hung in Hanoi Monday.
Foreign-based Vietnamese ambassadors and consuls will return home to meet local business leaders to discuss international markets, an official from Ho Chi Minh City Foreign Affairs Department said yesterday.
Foreign direct investment in the agricultural sector is low and far below potential, Deputy Minister of Agricultural and Rural Development Diep Kinh Tan told delegates at a seminar held in Hanoi on December 16.
The Vietnamese government said Thursday (Feb 26) it has approved a plan to develop the northern coastal regions of the Gulf of Tonkin between now and 2020, with state media estimating the costs at $50 billion.
Inflation will not quicken in November thanks to a drop in the global prices of raw materials that Vietnam imports, an official has said.
