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Japan quickly disburses FDI in Binh Duong

Japan remains the largest foreign investor of southern Binh Duong province with more than 220 projects and foreign direct investment (FDI) disbursements of nearly US$5 billion. Most Japan-invested projects are in the areas of high-tech, electronic outsourcing, medical equipment, high-quality food processing, infrastructure and urban areas. Mai Hung Dung, Director of the Binh Duong provincial Department... 

Vietnam seeks investment for supporting industries

Such zones will be constructed in Hanoi, Vinh Phuc, Bac Ninh, Hung Yen, Hai Phong, Dong Nai, Ba Ria – Vung Tau, Binh Duong, Tay Ninh and Danang. Such zones will primarily aim at attracting projects in mechanical engineering and metallurgy, according to the master plan on industrial development approved by the Government on June 9 and announced by the Ministry of Industry and Trade on Monday. As reported... 

Dung Quat EZ calls for investment worth US$2 billion

The Dung Quat Economic Zone (EZ) in the central province of Quang Ngai will intensify investment promotion in 2014-15, aiming to attract an additional 10-15 projects, with total registered capital of US$2 billion. Pham Nhu So, vice chairman of the Quang Ngai provincial People’s Committee, who is also head of the management board of the EZ, says that the EZ will have licensed 125 projects worth US$10... 

Singaporean investors eye Vietnamese real estate market

Vietnamese and Singaporean real estate investors on May 30 toured a number of real estate projects aiming to get a better understanding of the opportunities for investment in the country. SLP Group from Singapore said that it is keen on investments in residential, commercial office buildings and industrial parks. It is also aware that the Vietnamese Government is striving to open the market to make... 

Real estate market to greet new investments

After consecutive years of losses, several real estate firms in HCM City started to show more optimism in the market as the number of transaction is picking up. Savills Vietnam reported that, in the first quarter of 2014, 1,600 apartments were sold, the highest number in the last three years. In addition, house prices in HCM City have dropped, but remain stable. Phan Thanh Huy, head of Novaland Group... 

Vietnam verifies Japanese alleged bribes for ODA project

The Ministry of Transport is verifying claims that  an executive of the Japan Transportation Consultants, Inc. (JTC) bribed Vietnamese transport officials in return for an ODA project. The Yomiuri Shimbun of Japan reported that JTC President Tamio Kakinuma admitted the Tokyo-based railway consultant firm had offered corrupt financial incentives to a number of Vietnamese railway officials to win... 

Vietnam needs to further improve investment climate

A seminar on improving investment environment was held in Hanoi on March 18 by the Development Strategy Institute (DSI) and the European Chamber of Commerce (EuroCham). The seminar provided a good opportunity for investors, experts, researchers and lawmakers to discuss issues related to seaport infrastructure development, foreign operations in the banking sector, price management, and a price law in... 

Vietnam is a lucrative location for Singaporean investors

Dr Admad Md Magrad, Vice President of the ASEAN Business Group under the Singapore Manufacturing Federation (SMF) has said that companies in Singapore find Vietnam a highly lucrative location to expand production activities. Speaking on the sidelines of a recent seminar “Doing Business in Vietnam”, Dr Admad stated that Vietnam’s laws on business activities have been much improved in recent years. “This... 

US$1.3 billion investment in energy

Construction will begin on March 9th on the Vinh Tan 4 thermal power plant, in the central province of Binh Thuan, at an estimated cost of VND36,000 billion (approximately US$1.3 billion), reported the Electricity of Vietnam (EVN). The 1,200 MW plant is expected to generate 7.2 billion kWh annually to ease the shortage of electricity in southern Vietnam. According to the schedule, the first turbine... 

IFC to invest in Vietnamese SMEs

Philippe L. Ahoua, the International Finance Corporation’s (IFC) Asia Pacific Region Treasury Client Solutions Spokesperson, has detailed the corporation’s intentions to invest in Vietnamese small and medium-sized enterprises (SMEs) in the near future. Speaking on the sidelines of a seminar on Vietnamese capital market development, Mr. Ahoua noted the country remains without a credit rating agency... 
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