Update news investment
Production, business sectors pay more tax; Kumho plans $100m spend in Viet Nam; Vietnam flaps its air-transport wings; Shiseido Vietnam builds US$30 million plant in Dong Nai
The Prime Minister has requested state-owned enterprises (SOEs) to focus on their core business fields and not to spread their capital in non-core sectors. However, the new regulations seem to pave the way for the enterprises to do this.
VietNamNet Bridge – The winning bidders offered very high prices, therefore, even if Viettel had offered higher by $100 or $200 million, it would not have obtained the contract.
VietNamNet Bridge - On July 1, Chairman of Phu Yen Province signed the adjusted investment certificate for the Vung Ro oil refinery project, which will be kicked off in the third quarter of this year.
Despite the domestic stock market being shaken by sizeable withdrawals of foreign capital, many analysts believe Viet Nam will remain an attractive destination for foreign investors.
The State would gather the strength on key maritime projects to serve the sea-borne economy development strategy, according to Nguyen Nhat, Head of the Vietnam Maritime Bureau.
Experts all have agreed that it’s necessary to offer big investment incentives to encourage investors to pour money into wind power projects, but they still have not agreed on how big the preferences should be.
VietNamNet Bridge - If this proposal is approved by the Government and the People's Committee of Ha Tinh province, Formosa Ha Tinh will be the largest foreign-invested project in Vietnam.