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Continuing to improve the investment environment and renovating investment promotion works, the Da Nang Investment Promotion Centre (IPC Da Nang) has helped Da Nang become an ideal destination for domestic and foreign investors. Vietnam Business Forum has an interview with Mr Lam Quang Minh, Director of IPC Da Nang, on outstanding achievements as well as orientations and solutions in investment promotion activities. Luong Han reports. Could you briefly introduce IPC Da Nang’s remarkable activities over the past time? What are major difficulties and advantages in investment promotion? In 2014, IPC Da Nang coordinated with relevant organs and businesses to carry out investment promotion. The city endeavoured to strengthen and renew investment promotion activities, with focus on target destinations like Japan, South Korea, the US and Europe. Investment promotion activities were organised in specific themes while investors learned locations, land policies and necessary supports for … [Read more...] about Da Nang Changing Promotion Methods, Attracting More Investors
Investment year method
Innovating Investment Promotion Methods by Strengthening Local Promotion Activities
More than 18 years after re-establishment with low base, Binh Phuoc has faced many difficulties in attracting domestic and foreign investment. However, with engagement of entire political system, local governments at all levels and people in the province that have been attracting investment in the province over the years obtain many positive changes in both quantity and quality. After the province was established, there were only 181 domestic enterprises registered with an investment of VND35 billion, but now the number of the businesses has grown to nearly 4,000 with an investment of VND29,175 billion. As for FDI, at the beginning of 1997, the province attracted only one project with registered capital of US$20.58 million but now there are 116 projects with registered capital of US$1,010 million and the investors come from many countries and territories such as Korea, Taiwan, Japan, US, Australia, Singapore, and Brazil. The foreign and domestic communities have contributed … [Read more...] about Innovating Investment Promotion Methods by Strengthening Local Promotion Activities
Effective Investment Promotion Solutions Prioritised
Effective Investment Promotion Solutions Prioritised Knowing that its economy still has a lot of difficulties and limited resources, Kon Tum province is determined to keep innovative in investment attraction to seize external resources for local socioeconomic development investment and this is a groundbreaking step to build up the platform for development in the coming time. In recent years, Kon Tum province has continuously accelerated administrative procedure reform, built and perfected database (introducing investment potential, guiding investment procedures, project lists, etc.), organised and taken part in many conferences and seminars in Vietnam and in other countries to show local potential and advantages and signed development investment cooperation agreements with other localities in Vietnam like Ho Chi Minh City and Lam Dong province and with some foreign provinces like Attapeu, Sekong and Champasak (southern Laos), Ubon Ratchathani (Thailand), and Rattanakiri … [Read more...] about Effective Investment Promotion Solutions Prioritised
Thua Thien-Hue draws 88 foreign direct investment projects
Thua Thien-Hue (VNA) – As many as 88 foreign direct investment (FDI) projects with a total registered capital of 2.26 billion USD have landed in the central coastal province of Thua Thien-Hue so far, making the locality the 6th most attractive destination for foreign investors in the central region. Large groups operating in the locality include Singaporean Banyan Tree Holdings Limited, HBI Group from the US and Charoen Pokphand (CP) Group from Thailand. The 850-million USD Laguna Lang Co resort complex, Banyan Tree’s first fully integrated world-class hospitality development in Vietnam, is among the standout projects in the province. The Royal Caribbean International Group also invested 5 million USD in the upgrade of Wharf No.1 at the Chan May Port, making the port able to serve large cruise ships like Quantum of the Seas and Oasis of the Seas. According to Nguyen Dung, Vice Chairman of the provincial People’s Committee, the province welcomed over 75,000 sea … [Read more...] about Thua Thien-Hue draws 88 foreign direct investment projects
FDI inflow may touch US$14 bln next year
VGP - Total registered Foreign Direct Investment (FDI) in 2013 is expected to touch US$13-14 billion and the realized capital, around US$10.5-11 billion, according to the Ministry of Planning and Investment. Foreign Investment Department Do Nhat Hoang said the country needs to enhance the quality and effectiveness of planning and management of foreign investment as well as the coordination between State management agencies and localities to push up the disbursement pace. Besides, the department itself needs to improve investment promotion methods to concentrate on major industries and sectors and reduce further barriers for foreign investors. As of December 15, 2012, 98 countries and territories have invested in Viet Nam with total registered capital of US $213.6 billion. Japan is the largest investor, accounting for 13.6% of the total registered capital. From January 1 to December 15, 2012, 1,100 foreign-invested projects were licensed in Viet Nam. The total fresh and … [Read more...] about FDI inflow may touch US$14 bln next year