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After receiving their investment registration certificates, most foreign investors quickly bring in money, import machinery and equipment and build plants, usually in one to two years, and begin doing business, according to Mai Van Nhon, deputy head of the Dong Nai Industrial Zones Authority (DIZA). … [Read more...] about Dong Nai pulls the plug on 531 tardy foreign projects

Dong Nai (VNS/VNA) - The southern province of Dong Nai last year scrapped the licences it had issued for 531 proposed foreign projects due to slow progress. They involve combined investment of over 5.34 billion USD, according to the provincial Department of Planning and Investment.  After receiving their investment registration certificates, most foreign investors quickly bring in money, import machinery and equipment and build plants, usually in one to two years, and begin doing business, according to Mai Van Nhon, deputy head of the Dong Nai Industrial Zones Authority (DIZA). Investors who delay their projects due to unexpected difficulties would get assistance from the province, with the DIZA always working with investors to find out the reasons, he said. If they are determined to do business, their licences would get an extension, but investors who sound unreasonable or deliberately delay their projects would lose their licences, which would then be given to others, he … [Read more...] about Dong Nai pulls plug on 531 tardy foreign projects

Developed by Sun Group, the cable car system, which is part of the Ba Den Mountain Sun World Tourism Area project, was designed by Austrian company Doppelmayr at an estimated cost of 2 trillion VND (86.5 million USD) for the first phase. … [Read more...] about Tay Ninh’s cable car station sets Guinness World Record

Long queues in front of banks have become a common sight these days. At a mall on the city's Ba Trieu street, people were also lining up in front of ATMs. Some of the machines are broken, some were overloaded due to the large amount of transactions, and some ran out of cash. … [Read more...] about Banking systems experience intense Tet surge

The Vietnamese club will play Singapore’s Hougang United, Laos’ Lao Toyota, and the winners in the play-off between Brunei’s Indera and Myanmar’s Yangon United in Group F of the AFC Cup, which will last from February 20 to November 7. … [Read more...] about Ho Chi Minh City FC to play in AFC Cup after defeat in Thailand