A group of small businesses from the Japanese cities of Kawasaki and Tsubame expressed their desire to transfer technology to Vietnam at a seminar to promote investment in support industry in the southern province of Ba Ria – Vung Tau on February 17. Those businesses include micro firms that employ only one dozen workers but [...]
Tuoi Tre newspaper talks with some experts about a possible solution for the problem of haphazard and unsynchronized infrastructure investment in the country. Doctor Le Dang Doanh, former head of the Central Institute for Economic Management, said the haphazard and unsynchronized infrastructure investment observed countrywide proves that many projects have been approved without adequate consideration [...]
The Department of Planning and Investment of southern Long An Province plans to ask the provincial People’s Committee to revoke the licences of long-delayed projects. The revoked projects will be transferred to other investors who have sufficient financial competence to carry out their projects. Phan Thanh Phi, head of the Long An Economic Zone Management [...]
Upgrading infrastructure, training human resources, and improving legal and institutional mechanisms are the three breakthroughs in the development of industrial, export processing and economic zones (IPEZs). Deputy Prime Minister Hoang Trung Hai emphasized this at a seminar, held by the Ministry of Planning and Investment (MPI) in Hanoi on February 17, to review the development [...]
Vietnam has emerged as a promising production site for Japanese businesses looking for nearby alternative locations after severe flooding crippled their factories in Thailand last year, according to Nikkei. The Japan’s leading business daily was quoted as saying that a series of Japanese enterprises are planning to build factories in Vietnam of which JS Group [...]
The Ministry of Planning and Investment (MPI) believes that the expansion or development of more economic zones (EZ) needs to be considered thoroughly together with the human resource development strategy, the development potentials and the national benefits. MPI has clearly expressed its viewpoint that it does not expect to have more EZs, right on the [...]
The southern province of Binh Duong on February 15 granted licenses to seven foreign-invested projects and one domestic project. The new projects are the US$160 million Toan Thep Radian truck tyre factory invested by the Southern Rubber Industry Joint Stock Company (CASUMINA); a US$8 million Singaporean-invested cattle-feed factory operated by Biomin Vietnam Co. Ltd; a [...]
The foreign direct investment (FDI) will automatically flow to the most profitable business fields. If Vietnam wants to drive the FDI flow to the addresses it wants, it has to apply reasonable policies and offer reasonable incentives. The government of Vietnam has vowed to change the direction of the FDI flow to Vietnam, striving to [...]
From 2011-2015, Vietnam will disburse US$2.8-3.2 billion worth of Official Development Assistance (ODA) annually. The information was provided in the plan for attraction, management and utilization of ODA capital and preferential loans from other sources in the 2011-2015 period, which was recently approved by the Prime Minister. The above plan was made based on the [...]
Indonesian companies are actively seeking new overseas markets in Vietnam, Cambodia and China to expand their business activities, said chairman of the Indonesian Employers’ Association (APINDO), Sofjan Wanandi. Indonesia’s investment in foreign countries increased threefold from US$2.7 billion in 2010 to US$7.7 billion in 2011, primarily in Asian, American and African countries. APINDO Vice Chairman [...]
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