Invest 2 million pounds interest rate

As of the end of 2018, Vietnam had 19 wholly state-owned enterprises or enterprises wherein the state held at least a 50 percent stake investing in 114 projects abroad, according to the report which was submitted to the National Assembly this week. Most of the projects are in the fields of telecommunications, oil and gas exploration and exploitation, rubber plantation, mining, banking and finance. Of the 114 projects, 84 were profitable, with a combined profit of $187 million, a 24 percent decrease compared to 2017. The remaining projects however reported significantly losses of $367 million, a 265 percent increase against 2017. Most of the losses came from investments made by military-owned telecom giant Viettel and the Vietnam Rubber Group (VRG), which accounted for losses of $349 million and $7.7 million respectively. In its report, the government said that over 60 percent of investments in the fields of telecommunications, petroleum businesses and services, construction and … [Read more...] about Overseas investments by Vietnam SOEs suffer increasing losses

After reaching a consensus with the People’s Committee of Tay Ninh Province, the HCM City People’s Committee has petitioned the PM and Ministry of Transport for permission to call for investment for the HCM City-Moc Bai Expressway project. The HCM City – Moc Bai Expressway is expected to improve economic development in Tay Ninh Province. — Photo tphcm.chinhphu.vn The expressway, which will be nearly 53.5 kilometres long, will link Ring Road No 3 in HCM City’s Hoc Mon District with Moc Bai, an international border gate between Vietnam and Cambodia in the southeastern province of Tay Ninh. The expressway project will be divided into two investment phases under Public-Private Partnership and Build-Operate-Transfer models, according to a statement from the HCM City People’s Committee issued earlier this week. In the first phase, the entire expressway will be built with four lanes. The total capital for the phase is expected to be nearly … [Read more...] about HCM City seeks investment for HCM City-Moc Bai Expressway project

Vinh Phuc has planned to develop a total of 50 industrial parks and clusters, covering a total area of ​​more than 5,890ha. — Photo banqlkcn.vinhphuc.gov.vn The northern province of Vinh Phuc has become popular among domestic and foreign investors thanks to its breakthrough on socio-economic development, favourable location, young population and abundant labour force and a high proportion of trained workers. Located close to Ha Noi, Vinh Phuc has to date attracted 752 domestically-invested projects with a total registered capital of more than VND78 trillion (US$3.34 billion). It has also lured 378 foreign-financed projects worth more than $5 billion. These impressive results are attributable to the province’s endless efforts to improve its investment climate and to facilitate investors to solve challenges to implement their projects in a timely manner. In the past, the province has always ranked high on the Provincial Competitive Index (PCI) which has been … [Read more...] about Vinh Phuc emerges as an attractive investment destination

Production at the Hoya Glass Disk Vietnam Company in Thang Long Industrial Park, Ha Noi. The capital city attracted $7 billion in FDI in the first 11 months this year. — Photo kinhtedothi.vn Ha Noi attracted the most foreign direct investment (FDI) in Viet Nam during the first 11 months of this year with US$7 billion, accounting for nearly a quarter of the total, according to the Ha Noi Department of Planning and Investment. This figure was higher than the $6.3 billion registered in the same period last year. Total registered investment capital for new projects and additions to existing projects reached about $2.1 billion, including $1.6 million for 788 new projects and $580 million for 160 existing projects. During the 11 months, foreign investors poured $5.3 billion into Ha Noi through capital contributions and share purchases. Foreign investors have chosen Ha Noi thanks to its good infrastructure, completed industrial zones and convenient transportation. The capital is one of … [Read more...] about Ha Noi attracts highest FDI in 11 months

  Production at the Hoya Glass Disk Vietnam Company in Thăng Long Industrial Park, Hà Nội. The capital city attracted $7 billion in FDI in the first 11 months this year. Photo kinhtedothi.vn HÀ NỘI – Hà Nội attracted the most foreign direct investment (FDI) in Việt Nam during the first 11 months of this year with US$7 billion, accounting for nearly a quarter of the total, according to the Hà Nội Department of Planning and Investment. This figure was higher than the $6.3 billion registered in the same period last year. Total registered investment capital for new projects and additions to existing projects reached about $2.1 billion, including $1.6 million for 788 new projects and $580 million for 160 existing projects. During the 11 months, foreign investors poured $5.3 billion into Hà Nội through capital contributions and share purchases. Foreign investors have … [Read more...] about Hà Nội attracts highest FDI in 11 months