According to the Ministry of Planning and Investment, 4,600 new businesses with a total registered capital of more than US$1.9 billion were established in the Mekong Delta in the first half of this year, up 8.7% over last year. Seven of 13 regional provinces and cities attracted 47 new foreign direct investment (FDI) projects with registered capital exceeding US$800 million, proving that the Mekong Delta is becoming more attractive to investors looking to invest in agriculture, manufacturing, processing, and tourism. The Vietnam Chamber of Commerce and Industry branch in Can Tho reports that when the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) takes effect, it will create new business opportunities for Vietnamese enterprises to expand their export markets. Phung Thi Lan Phuong of the VCCI branch in Can Tho said “In the future we should attract investment in hi-tech agriculture and increase the productivity of Vietnam's agricultural sector to … [Read more...] about Increased investment boosts Mekong Delta development
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Global firms explore investment in City
A view of HCM City’s central business district. - Photo thoibaotaichinhvietnam.vnViet Nam News HCM CITY — Chairman of the People’s Committee of HCM City Nguyễn Thành Phong received entrepreneurs from some multinational groups on Friday to brief them on investment opportunities in the city. As the biggest economic and financial hub in the south of Việt Nam and an attractive destination for foreign investment, HCM City has spared no effort to improve the investment climate and enable overseas enterprises to make long-term investments, especially in the fields of clean energy and smart cities, the city leader said. He believed with their experience in energy, the US Cache Solar and Arab Saudi March Global Inc will meet the increasing demand of the city and generate more jobs for local workers. The city welcomes and will create all favourable conditions for the ASEAN Golden Link Inc to invest in building a complex of hi-end hotels and restaurants … [Read more...] about Global firms explore investment in City
Hai Phong port investment, management make spotlight at Cabinet…
Overview of the meeting (Photo: VNA) After listening to a report on matters related to the port, located in the northern city of Hai Phong, the PM clarified that the planning and investment of the port must be made coherent to improving the national competitiveness and ensuring that the Lach Huyen deep-sea port becomes a factor attracting investors to Hai Phong. As the port is significant to the whole northern region, it is necessary to focus resources to expanding it in a more rapid manner, he said. The PM assigned the Ministry of Transport to work with Hai Phong to review the project and submit a report to him at an early date. Regarding the management model of the port, the PM asked the Ministry of Justice to coordinate with the Ministry of Transport and the People’s Committee of Hai Phong to deal with the issue in line with the law, but to make sure that there will be no additional agencies and personnel for the work. Under the planning, Hai Phong ports will handle 109-114 … [Read more...] about Hai Phong port investment, management make spotlight at Cabinet…
Hai Phong port investment, management make spotlight at Cabinet meeting
Overview of the meeting (Photo: VNA) Hanoi (VNA) – Several important issues, including the investment, management and utillization of wharfs in Hai Phong International Gateway Port, were discussed during a meeting of the Cabinet chaired by Prime Minister Nguyen Xuan Phuc on August 24-25. After listening to a report on matters related to the port, located in the northern city of Hai Phong, the PM clarified that the planning and investment of the port must be made coherent to improving the national competitiveness and ensuring that the Lach Huyen deep-sea port becomes a factor attracting investors to Hai Phong. As the port is significant to the whole northern region, it is necessary to focus resources to expanding it in a more rapid manner, he said. The PM assigned the Ministry of Transport to work with Hai Phong to review the project and submit a report to him at an early date. Regarding the management model of the port, the PM asked the Ministry of Justice to coordinate with … [Read more...] about Hai Phong port investment, management make spotlight at Cabinet meeting
PM to chair Quang Binh investment promotion conference
At a press conference introducing the event on August 24 (Source: http://kinhtedothi.vn) Quang Binh (VNA) – The central province of Quang Binh’s investment promotion conference will take place on August 26-27 in Dong Hoi city under the chair of Prime Minister Nguyen Xuan Phuc, according to the provincial People’s Committee. At the event which is expected to draw over 500 delegates, the province plans to grant investment licences and documents on investment cooperation to 66 projects with total capital of 162.25 trillion VND (about 7.05 billion USD). The projects are mainly in tourism-resort, industry, agriculture, and infrastructure development. Dinh Huu Thanh, Director of the provincial Department of Planning and Investment said that the conference aims to introduce the investment potential and opportunities in the province. This is also a chance for investors to meet and make dialogue with local authorities, seeking new cooperation opportunities and sketching … [Read more...] about PM to chair Quang Binh investment promotion conference