Mar. 8 – Ho Chih Minh city has so far approved investment licenses to 39 new foreign direct investment projects worth an estimated US$333.4 million.
Vietnam’s financial capital wants to attract more investment into mechanics, engineering, bio-technology, IT and new materials projects. Majority of the 29 approved licensed projects last month were located outside the export processing and industrial zones while the rest were found in the Thu Thiem and South Saigon area. Read the rest of this entry »
by Joyce Roque
HANOI, Mar. 5 – As the government prepares to celebrate Hanoi’s 1000 year anniversary in October, plans to slowly expand the capital city have already begun since 2008.
Hanoi’s limits will stretch to include adjacent provinces to make more space for national projects in the capital city. The expansion has already absorbed the provinces of Hatay, Hoa Binh or Vinh Phuc; making the old Hanoi with its crawling French colonial architecture the center of the new expanded city. Read the rest of this entry »
Mar. 4 – The Ministry of Industry and Trade plans to limit car imports by implementing regulations that would help cut down its trade deficit.
The new restrictions will affect the importation of cars with less than 16 seats which make up majority of total cars imported from abroad and require that they pass quality tests by the authorities. Cars imported to the country will only be allowed to enter via the major seaports of Cai Lan, Quang Ninh, Haiphong, Danang, Ho Chi Minh City and Ba Ria-Vung Tau. Read the rest of this entry »
Feb. 12 – Foreign investors wanting to enter the Vietnamese stock market they are deterred by roadblocks relating to cumbersome procedures.
A foreign investor wanting to enter the stock market must have their legal record authorized by various agencies and visa approved by the Vietnam Securities Depository before getting a trade code. For foreigners residing in the country, papers need to be certified in their home country’s consulate before it is submitted to Vietnam’s Department of Foreign Affairs. Moreover, foreign investors are only allowed to buy amount of shares. Read the rest of this entry »
Feb. 9 – According to the Authority for Hanoi Industrial and Export Processing Zones, the city has so far attracted US$4.14 billion worth of projects in its industrial parks.
Of the total 508 licensed projects, 240 are domestic projects worth US$3.533 billion while the rest is composed of 268 foreign-invested projects. In 2009, the IPs were able to sign in US$130.79 million of projects, including US$91.4 million of foreign direct investment. Read the rest of this entry »
HANOI, Feb. 4 – The city will host the first International Fair for Investment and Trade from February 5 to 7 in My Dinh Sport Complex to facilitate investment, exports, brand advertising and franchising deals between foreign and local businesses.
The event was organized by Hanoi’s Association for Vietnamese Overseas, the Hanoi Business Association, the Vietnam Chamber of Commerce and Industry and Vietnam Television. It will feature 500 booths showcasing various products and services as part of an international trade and investment promotion program to benefit the domestic market. Read the rest of this entry »
Feb. 1 – The Vietnam Chamber of Commerce and Industry and the U.S. Agency for International Development’s Vietnam Competitiveness Initiative have recently released a report ranking the competitiveness of each province in the country in 2009.
The index is useful for investors looking at entering Vietnam because it gives a comprehensive look of the country’s 63 provinces and more importantly gets into the details of why certain provinces have better economic growth than others. Read the rest of this entry »
HANOI, Jan. 27 – Authorities want to target US$180 million worth of new investment projects for 2010, an increase of 37.62 percent compared to the previous year.
Last year, 16 local projects worth VND728 billion and 27 foreign direct investment projects capitalized at US$91.4 million were approved in Hanoi. The city now has a total of 14 industrial parks, behind Dong Nai with 28, Binh Duong with 21 and Ho Chi Minh City with 17. Read the rest of this entry »
Jan. 21- A US$1 billion Vietnam-Singapore Industrial Park has just opened in the northern city of Haiphong.
This is the third industrial park of its kind spearheaded by the Singapore and Vietnam government. The 1,600-hectare park is located in Vietnam’s third largest city, 100 kilometers from Hanoi with easy access to the region’s largest seaport, Haiphong Port. Read the rest of this entry »
Jan. 20 – The Ministry of Planning and Investment is forecasting that FDI to Vietnam will rise by 10 percent to US$22-US$25 billion given the slowly recovering world economy.
According to the Foreign Investment Agency (FIA), there were a total of 839 FDI projects implemented in the country amounting to US$21.48 billion by December 15, 2009. Total FDI for 2009 was only equal to 30 percent FDI during the previous year although the disbursed capital was equal to 87 percent of that in 2008. Read the rest of this entry »
