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Foreign investors have poured a total of US$15.41 billion into the country during the initial seven months of the year, equivalent to 92.9% compared to the same period from last year.
Trà Vinh to build two erosion prevention projects
The Tra Vinh Province People’s Committee has approved the construction of two embankment projects worth a total of VND260 billion (US$11 million) to prevent river and coastal erosion.
Spirited bidding battle expected in hospitality
Cash flow shortages could put several hospitality developers in Vietnam into financial pressure, forcing them to offer their projects for sale.
Four million-dollar projects land in Hoa Lac Hi-tech Park this year
The Hoa Lac Hi-tech Park is currently home to 91 projects which have combined investment approvals of over VND85.8 trillion (nearly US$3.7 billion).
Japanese Embassy signs contracts for seven projects
VietNamNet Bridge – The Japanese Embassy on Wednesday held an assistant contract signing ceremony for seven projects within the framework of official development assistance from Japan in Vietnam.
Mega upgrade for hi-tech park
Prime Minister Nguyen Tan Dung on June 26 issued an order on the groundbreaking ceremony of package CP1A – a major infrastructure work under the Hoa Lac Hi-tech Park Development Project.
SAV audit finds wrongdoing in state agencies, projects
The State Audit Office of Viet Nam has asked concerned agencies to deal
with the problematic use of VND23,431 billion (US$1,092 million) in 2013
by state agencies and projects.
Analysts doubt Transport Ministry can sell airports, highways this year
VietNamNet Bridge – The Ministry of Transport (MOT) has decided that the transfer of operation rights of a number of airports and highways would be implemented this year but the plan has proven to be unfeasible.
Vietnam may sell highway projects to foreign investors
The Ministry of Transport (MOT) is considering selling highways to
foreign investors to earn money for new investment projects, a move
which could lead to a new market in Vietnam - transport infrastructure.
Southern provinces say no to projects that harm the environment
VietNamNet Bridge – The local authorities of southern provinces are
increasingly rejecting investment projects that are labor-intensive, or
that use low technologies and threaten the environment.
China prohibits businesses from bidding on projects in Vietnam
The government of China has issued a decision
that temporarily prohibits its state-owned businesses from joining
projects in Vietnam, Hong Kong’s South China Morning Post newspaper
quoted mainland China sources as saying.
BUSINESS IN BRIEF 27/11
Businesses optimistic about Vietnam’s economic outlook; Vietnam urged to utilise TPP advantages; Sumitomo red tape tangle delays power plant project; Ministries bombarded with complaints
Mekong Delta calls for investment in 183 projects
VietNamNet Bridge – Mekong Delta localities are calling for
investment in 138 projects with a total investment of about 2.1 billion
USD.
Vietnamese firms tend to call for Chinese capital for huge projects
China has never been listed among the biggest
foreign direct investors in Vietnam or the biggest ODA (official
development assistance) providers. However, Vietnamese enterprises now
tend to seek Chinese capital for their huge projects.
BUSINESS IN BRIEF 4/11
Japan to pump 30 bln yen into buying Vietnamese SOE debts; B-WTO supports Vietnam’s global economic integration; Setting a sustainable pangasius supply chain; New companies outnumber old in HCM City
Projects’ investors will be forced to spend money on IT works
The requirement on investors to develop
information technology (IT) items in their projects is believed to
create a revolution in the management thinking. However, there would be
many barriers in the way to implement the idea.
Investment in Laos tipped to double
Laos remains a bright destination for Vietnamese investors, the
director of the HCM City Investment and Trade Promotion Centre said at a
seminar held in HCM City yesterday.
Vietnam issues CO2 emission credits
VietNamNet Bridge – For the first time, Vietnam has issued 510,952
emission credits for the project on the Vietnam livestock biogas
program.
The most influential Vietnamese CEOs
They are the leading brains who not only have influences to their
businesses’ development, but also to the development of the country and
the regional economies.
Transport projects thirsty for capital
The state budget is not big enough to provide
capital to all transport projects. Meanwhile, the idle capital in the
society still has not been mobilized for the transport infrastructure
development.
