Council of Taiwanese Chamber of Commerce in Vietnam, speaks at a meeting held by the Vietnam Chamber of Commerce and Industry May 19. PHOTO: ANH VU Foreign investors acknowledged Vietnam's swift action in restoring peace and security and asked for the government's continued assistance in getting back to business. "The Vietnamese government acted swiftly after the riots," Liu Mei Tei, chairwoman of the Council of Taiwanese Chamber of Commerce in Vietnam, said at meeting held by the Vietnam Chamber of Commerce and Industry (VCCI) on Monday. "I thank the friendly Vietnamese people who have tried to help and protect us," she said. Many investors remain enthusiastic about Vietnam's investment potential, but note that their enthusiasm must be nurtured by continuous government support. On May 13-14, peaceful demonstrations were held across Vietnam as people from all walks of life took to the streets to protest China's deployment of an oil rig in Vietnam's exclusive economic … [Read more...] about Foreign investors acknowledge Vietnam’s swift action after riots
Foreign investors council
US likely to become largest foreign investor in Vietnam within the next two years
Mr Daley said US businesses have invested around US$3.86 billion, accounting for more than a half of Vietnam's foreign direct investment (FDI) at present. He was also optimistic about the prompt recovery of Vietnam's economy. Despite the current global economic turndown, US companies remain enthusiastic about the opportunities to invest in and run businesses with Vietnam, he said. Mr Daley said Vietnam-US relations have achieved remarkable successes in recent years and hoped that the Bilateral Investment Agreement would be signed as soon as possible in order to certify the accuracy of his prediction. His viewed was shared by Stuart Dean, President of General Electric (GE) in the Southeast Asia and Chairman of the US-Vietnam Business Committee, who said that many leading US companies are keen on the Vietnamese market, especially in the field of infrastructure. Mr Dean affirmed that Vietnam will be a strategic market for GE in the near future as many foreign businesses see great … [Read more...] about US likely to become largest foreign investor in Vietnam within the next two years
President Nguyen Minh Triet : Vietnam opens door to welcome foreign investors
The Hanoi Times - Vietnam has an open door to welcome foreign investors and the State and Government will do their utmost to create a favourable environment for investors, President Nguyen Minh Triet said on November 13 during his reception of a delegation from the Asia Business Council (ABC). Speaking with the council's members, who are all CEOs of large groups and companies, President Triet appreciated the fact that Hanoi was chosen by the ABC to host its annual conference from November 13-15. "This is a good chance for Vietnamese businesses to learn and gain experience and to introduce images of Vietnam to the world," he said. Answering the visitors' queries on the impact of the global financial crisis in Vietnam, President Triet said that Vietnam has made serious considerations to discover areas of weakness, and has applied a range of solutions that have demonstrated their effectiveness in stabilising the economy. According to him, the country's economy has maintained … [Read more...] about President Nguyen Minh Triet : Vietnam opens door to welcome foreign investors
Chief councilor for administrative reform to conserve foreign investors
As part of the working agenda of the Administrative Reforms Council (ARC) in Hồ Chí Minh City, Minister Nguyễn Xuân Phúc, Chairman of the Council, will meet foreign investors to brief the realization of the Administrative Procedures Simplification Plan 2007-2010 (Plan 30). Minister Nguyễn Xuân Phúc: Plan 30 evidences the Government and the PM's strong determination to build an open and healthy business environment The meeting is jointly hosted by the European Chamber of Commerce (Eurocharm) and the American Chamber of Commerce (Amcharm). This will be a gathering of all members of the Council, representatives from research institutes and business associations, and experts from Amcham , Eurocham, Korea Trade and Investment Promotion Agency (KOTRA), and the International Finance Corporation (IFC) in Việt Nam. According to Minister Nguyễn Xuân Phúc, the birth of ARC is an advance in administrative reform work. The councilors will help the PM's task force to discover and … [Read more...] about Chief councilor for administrative reform to conserve foreign investors
Foreign investors want to go deeper into banks
(VEN) - Foreign investors want to buy not only bad debts from banks but also contribute their capital to credit institutions. For this reason, many economists are concerned about restructuring banks via increasing the cap on foreign investor shares. Foreign investors want to buy bad debts By early this October, eight of nine weak credit institutions had been restructured via incorporation and merger. The success of the restructuring isn't necessarily immediately clear. However, it is obvious that weak banks had been removed and credit institutions had improved their business efficiency. Dr. Vu Dinh Anh said that in the near future an assessment on the merger and incorporation of commercial banks would be needed to draw the lessons in the future and consider whether to take further steps. From now to the year 2015 it is also necessary to identify credit institutions which would need to undergo restructuring as they expose their weaknesses, said Vu Dinh Anh. Together with mergers and … [Read more...] about Foreign investors want to go deeper into banks