The recent appreciation of the Japanese yen (JPY) against the U.S. dollar (USD) and Vietnam dong (VND) is likely to boost Japanese investments into Vietnam.
One USD is now against just JPY88.7, compared to JPY180 or even JPY300 in previous years. Meanwhile, one JPY can be now converted into VND211, against between VND180 and VND200 before.
The [...]
The Economic and Budgetary Department of the HCM City People’s Council held a meeting on July 26 to supervise the progress of ODA-funded projects to upgrade the city’s urban areas.
The meeting was to assess the rate of disbursement, the efficiency of investments and the obstacles that need to be removed to allow these projects to [...]
Many Japanese investors have recently said that they will choose Vietnam as a destination for their investments within the next 1-3 years, although there remains some concerns over the quality of the workforce and the country’s infrastructure.
The Investment Review, a local newspaper, cited a recent survey conducted this July by the Japanese financial group Shokochukin, [...]
UK newspaper, the Financial Times, on July 26 ran an article saying that Vietnam ’s attractive investment environment, especially its cheap labour costs and political stability, are persuading foreign companies to choose it as the best destination in the region for their investments.
According to the article, when Mitsubishi Heavy Industries (MHI) Aerospace was planning to [...]
After BRICs, the CIVETS (Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa) will become an economic bloc with sustainable high growth and a best destination for investors, said the Economist Intelligence Unit.
The BRIC concept, which was invented by Goldman Sachs in 2001, now includes strong economies such as Brazil, Russia, India and China. The BRIC’s [...]
Viet Nam is an attractive destination for investors involved in the entertainment business, Steven Ryan, executive producer of KB Creative Advisors has said.
The growth in the entertainment industry is attributed to the stability of the economy, the high proportion of young people and an increase in purchasing power.
Pham Trung Luong, deputy head of the Viet [...]
Vietnam’s business groups have revved up investment in Cambodia and actively contributed to the local social security programmes, said the Association of Vietnamese Investors in Cambodia (AVIC).
At a review meeting in Siem Reap city on July 25, the AVIC said Vietnam has become the third largest foreign investor in Cambodia, after China and the Republic [...]
EU Ambassador Sean Doyle has recently introduced Green Book 2010 in Hanoi and said that he was glad to witness the vigorous recovery of Vietnam economy after the economic recession and proud to announce that EU continues to be important strategic partner of Vietnam in all areas: trade, economic, political and cultural. The Report of [...]
Vietnam always opens its door with many investment incentive policies. However, some licensed investment projects are ineffective, even breach the law of Vietnam. Thus, authorities are considering continuous inspections and revocations of investment licences to enhance the efficiency of investments and the healthiness of the investment environment in Vietnam.
Which projects can be revoked licences?
The revocation [...]
The total amount of investment in Ho Chi Minh City’s industrial zones (IZs) and export processing zones (EPZs) reached nearly US$320 million in the first half of 2010, a year-on-year rise of 176 percent.
Of this figure, domestic investments exceeded the US$225 million mark, almost tripling the amount for the same period last year.
Businesses in IZs [...]
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