Vietnam attracts US$15 bil of FDI in nine months; US$450 million poured into mining exploration in Laos; Manufacturing sector grows in September; Biotechnology prioritised in science, tech development

VietNamNet Bridge – Foreign direct investment attraction in the January-September period has exceeded the year’s target and amounted to over US$15 billion, with a large amount seen flowing into science and technology. 

 VietNamNet Bridge – The Government Inspectorate has discovered a series of foreign-invested firms in Vietnam that declared big losses, while their income still grew highly and their production scale keeps expanding.

 September CPI up 1.06%; Saigon Co.op listed among top 500 Asian retailers; Vietnamese business forums to be held in Paris, Milan; Nine-month ODA disbursement hits US$3.1 billion

 VietNamNet Bridge – Foreign direct investment (FDI) enterprises gave a strong boost to the country’s hardware industry last year,

 VietNamNet Bridge – The HCM City Customs Agency has imposed coercive measures force three foreign-invested companies to pay tax debts.

 VAMC issues bonds to buy bad debts; US rejects anti-subsidy tax on Vietnamese shrimp; FDI exceeds annual national target; HCM City’s GDP higher than Hanoi

 Local companies need x-factor to hit Indonesian market; Food processing industry given financial support; Can Tho eyes hi-tech incubator; August trade surplus hits US$176m

 VietNamNet Bridge – While the domestic property market continues to stagnate, statistics show that foreign direct investment (FDI) into real-estate projects is on the rise.

 Rubber exports reap over US$1.52 billion; VFA proposes stockpiling more rice; 2013’s economy likely to grow by 5.3%; Promoting cooperation potential with Japanese locality

 Local shopping website signs deal with Sumitomo; Viettel expands mobile market in Cameroon; HP unveils SME-tailored servers; Thai Nguyen steel mill starts work

 VietNamNet Bridge – A lot of foreign invested associations have warned they are considering leaving Vietnam for the more attractive markets, like Cambodia or Myanmar.

 Most investors are still frustrated with administrative procedures when seeking to establish their business, and in certain cases it takes years to obtain a business registration certificate, said officials at a seminar on Tuesday.

 VietNamNet Bridge – Vietnam now takes the consequence of the period of trying to attract foreign direct investment (FDI) at any cost. However, the legal framework is not clear enough to do this.

 VietNamNet Bridge - The Mekong Delta has seaports and international airports, but due to its poor transport infrastructure and low labor skills, foreign investors do not want to pour capital into the region.

 Nestlé Vietnam has reported accumulative losses since officially beginning operations in Vietnam 18 years ago, despite their strong market presence and rampant investment expansion.

 VietNamNet Bridge - The number of foreign-invested (FDI) companies which no longer work at their registered offices, their investors left Vietnam, or communication with the investors have been lost has increased.

The head of the Ministry of Planning and Investment, when admitting that Vietnam has lagged behind the neighboring countries in attracting FDI, has reassured the public that Vietnam has become “wiser” in licensing foreign invested projects.

 VietNamNet Bridge – Foreign Direct investment (FDI) projects that have expired but not yet re-registered, will be revoked after February 1st next year, according to a newly issued directive from the Ministry of Planning and Investment (MPI).

Japanese designer chosen for hi-tech healthcare park; More exporters turn to e-commerce; Shell Viet Nam launches new oil; Shell Viet Nam launches new oil; Over 240,000 tonnes of rice shipped abroad in July