Cha Lo Int’l Border Gate Economic Zone: Investment capital needed
14:21 | 28/10/2014 Economy
(VEN) - The Cha Lo International Border Gate Economic Zone is seen as Quang Binh Province’s western economic center and a gateway for Vietnamese goods and services to Laos and Thailand. The economic zone has recorded strong growth and has engaged the interests of domestic and foreign investors in recent years.
Attracting FDI into agriculture
14:19 | 27/10/2014 Economy
(VEN) - In the first nine months of 2014, while foreign direct investment (FDI) in Vietnam in the field of processing and manufacturing industries accounted for 70 percent of the total, FDI in agriculture accounted for a mere 0.5 percent. Experts believe new measures must be taken to attract FDI into agriculture.
ASEAN FDI attraction prospects
14:52 | 23/10/2014 Economy
(VEN) - Investors from the Association of Southeast Asian Nations (ASEAN) are present in 55 of the country’s 63 provinces and cities by September. Experts said that as a member of the ASEAN Economic Community by 2015, Vietnam will have great prospects to attract foreign direct investment (FDI) from ASEAN.
Hanoi The effectiveness of ODA projects
10:24 | 22/10/2014 Economy
(VEN) - According to the Hanoi Department of Planning and Investment, Hanoi has attracted and implemented 88 official development assistance (ODA) projects totaling almost US$4.49 billion in value, mostly including important socioeconomic infrastructure projects such as urban transport infrastructure, environmental and water supply and drainage projects; Japan has become the biggest provider of ODA for Hanoi with a total committed ODA amount of more than US$2.66 billion (accounting for 59.3 percent of all ODA capital that the capital has attracted); it is followed by the Asian Development Bank (representing 9.44 percent), France (8.59 percent), the World Bank (6 percent) and other bilateral and multilateral donors (17.6 percent). ODA for urban transport infrastructure projects accounts for 57 percent, while that for water supply projects represents 40 percent of the total.
PPP investments attract UK companies
14:06 | 21/10/2014 Economy
(VEN) - Lord Mayor of the City of London Alderman Fiona Woolf during her official visit to Ho Chi Minh City said that a delegation of the UK’s leading companies had paid special attention to key growth sectors where Ho Chi Minh City is moving towards such as infrastructure and health, especially the Thu Thiem New Urban Area and the Ho Chi Minh City Metro project.
Banks racing to develop retail services
11:02 | 21/10/2014 Economy
(VEN) - Commercial banks are interested in the development of retail banking services. The services are expected to develop strongly in the coming time as this market segment remains largely untapped.
More investment in sugarcane varieties
15:42 | 17/10/2014 Economy
(VEN) - There were more than 72 sugarcane varieties adopted in raw material production regions in the 2013-2014 sugarcane crop, including three varieties provided by the Sugarcane Research Institute.
Cooling exchange rate volatility
14:10 | 17/10/2014 Economy
(VEN) - In the first three days of October, the exchange rate between the Vietnamese dong and US dollar increased VND30-50 per US dollar compared to the previous months due to exchange rate adjustment rumors. However, official confirmation that there would be no changes by the State Bank of Vietnam quashed volatility.