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
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VN lures in more foreign investors
The Vietnamese Embassy in Japan hosted a meeting last Friday for around 100 members from a study group of Japan’s second generation businesses in Tokyo to promote understanding of doing business and making investment in Viet Nam. The event was designed to attract more Japanese investment. Speaking at the function, Ambassador Nguyen Phu Binh reviewed the most outstanding socio-economic achievements in Viet Nam in the recent past
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Tokyo meeting lures Japanese investors
The regional coordination and combination of strengths of different localities in the region is one out of main contents at a conference on promoting investment into the central key economic zone held recently in Quang Nam province by the Ministry of Planning and Investment in conjunction with authorities of five provinces of Danang, Thua Thien-Hue, Quang Nam, Quang Ngai and Binh Dinh. However, Deputy Prime Minister Hoang Trung Hai emphasized central localities need to focus on implementing well five contents relating to foreign investment attraction, in parallel with representing more strongly their role in the region economy.
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Central Key Economic Zone: Needingan Investment Strategy
The Vietnamese Ministry of Planning and Investment (MPI) has issued a pilot regulation to allow a third party to participate in the bidding process for Japanese-funded projects, aiming to detect violations. The move is among Vietnam’s tough measures to fight against corruption in projects using Japanese official development assistance (ODA). Under the regulation, the third party is entitled to directly join tenders; study documents related to the bidding process and send their reports to investors, the MPI and the Japan International Cooperation Agency (JICA) on bidding wrongdoings
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Vietnam to Set Stricter Bidding Rules on Japan-funded Projects
The Vietnamese Ministry of Planning and Investment (MPI) has issued a pilot regulation to allow a third party to participate in the bidding process for Japanese-funded projects, aiming to detect violations.
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Vietnam to Set Stricter Bidding Rules on Japan-funded Projects
Vietnamese Deputy Prime Minister Hoang Trung Hai has recently approved a construction planning for a border gate economic zone (EZ) in the southern province of Dong Thap. Under the plan, Dong Thap border gate EZ will cover a total area of 31,936 ha in the two districts of Hong Ngu and Tan Hong and two international border gates namely Thuong Phuoc and Dinh Ba.
Ho Chi Minh City, the southern economic hub of Vietnam, attracted a total pledged foreign direct investment (FDI) of $857.9 million in the first six months of this year, down 5.9% from a year earlier.
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HCM City Pledged FDI Down 5.9% to $857.9M in Jan-June
The Netherlands invested US$2.2 billion in Vietnam in the first half of this year, ranking the first among investors in the country during the period, the state-run General Statistics Office (GSO) said. The runners-up are South Korea with US$1.6 billion, Japan with US$1.2 billion and the U.S. with US$991.5 million, the office added
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Netherlands Remains Biggest Investor in Vietnam in Jan-June
The year 2010 is a special opportunity for Vietnam and the US to review and assess their progresses and achievements in investment cooperation after 15 years of the normalisation of the two countries’ diplomatic relations (1995-2010), said US Ambassador to Vietnam Michael W.
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US investment in Vietnam reviewed
The northern port city of Hai Phong is making full use of its advantage to attract capital inflows, including those from overseas Vietnamese. The city has to date granted licences to 27 projects run by overseas Vietnamese with a combined capital of over US$100 million, most of them on real estate, manufacturing, garments, services and transport.
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Hai Phong seeks overseas Vietnamese investment
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