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 »
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 »
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 »
Jan. 15 – Danang topped the Vietnam Chamber of Commerce and Industry’s 2009 provincial competitiveness index (PCI) ranking followed by Binh Duong Province in the south.
This is the second consecutive year that Danang finished first place in the index. Vietnam’s northeast Lao Cai Province ranked higher than Vinh Phuc Province to be included in the top three localities with favorable business conditions. Read the rest of this entry »
Jan. 8 – Ho Chi Minh City’s unemployment rate is currently at 5.45 percent after the global slowdown led 280 businesses in the city to lay off 53,000 workers and place another 16,000 on part-time basis last year.
According to Voice of Vietnam, 80 percent of those laid off have already found jobs. The municipal Department for Labour, Invalids and Social Affairs says it will continue to monitor the employment rate, fine violators, build a network for updating information on the labor market as well as promote activities for job centers and vocational consultancy and training. Read the rest of this entry »
Jan. 7 – The Vietnam Securities Depository Agency has issued licenses to 20 foreign institutional investors in December to allow them to trade local stocks.
This brings the total number of foreign institutional investors to 1,149. The government also granted 125 foreign individuals permission to trade in December making the total number to 12,429. Read the rest of this entry »
Jan. 6 – The United States is Vietnam’s top foreign investor for 2009 with a total capital investment of US$9.8 billion.
The Foreign Investment Department says that American investment accounted for 45.6 percent of Vietnam’s total foreign investment followed by Cayman Islands at more than US$2 billion. Read the rest of this entry »
