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Monthly Archives: June 2014

Businesses eye extra incentives to boost productivity

Businesses eye extra incentives to boost productivity In the survey, foreign businesses gave high ratings to Viet Nam’s political stability and better business environment, saying these were important factors, which determined whether they should carry out investment projects here.— VNA Photo HA NOI (VNS) — Domestic and foreign businesses want incentives from the Government and ... Read More »

ICT service market grows by 10 per cent

ICT service market grows by 10 per cent IDC expects IT services spending fore the banking sector to return to a healthy track with demand for new core banking and big data projects.— Photo quantrimang HCM City (VNS) — Despite macroeconomic challenges, spending in Viet Nam for IT services increased 9.9 per cent to US$446 million in 2013, according to ... Read More »

Experts skeptical about Formosa’s SEZ proposal

VietNamNet Bridge – Local experts have cast doubt on a recent proposal by Hung Nghiep Formosa Ha Tinh Steel Company for establishing a special economic zone (SEZ) for steel and iron industry enjoying the most preferential incentives ever. A Hai Quan (customs) newspaper report says the Taiwanese-invested company has written to Deputy Prime Minister Hoang Trung Hai seeking approval to ... Read More »

Laos hydropower plant threatens Vietnam’s Mekong

VietNamNet Bridge – Experts in Vietnam continue to voice their worries about the Lao government’s determination to build the Don Sahong hydropower dam on the Mekong River. “It will be a major threat to Vietnam’s Mekong River delta,” said Dr. Pham Bich San, Deputy Secretary General of the Vietnam Union of Science and Technology Associations (VUSTA), adding that the dams ... Read More »

M&A property deals on upward trend

Merger and acquisition (MA) deals in the real estate market are on the rise. Economic experts were quoted by the Vietnam Business Forum Magazine (VBF) as saying that the prolonged lacklustre property market had provided plenty of MA opportunities for companies with strong financial resources. The sharp increase in MA property deals during market recovery has reflected the strong pull ... Read More »

Conference seeks to boost exports to Middle East

Domestic experts have highlighted great potential and opportunities for the export of construction materials and wooden products to the Middle East at a conference recently held in Ho Chi Minh City. Tran Quang Huy, Director of the African and West and South Asian Market Department under the Ministry of Industry and Trade, stressed the Middle East is in very high ... Read More »

Quang Ngai-based industrial park attractive to investors

The Vietnam-Singapore Industrial Park in central Quang Ngai province (VSIP Quang Ngai) has attracted seven investors despite the fact that its construction was just started last September. These projects focus on footwear and garment manufacturing and food processing and are expected to generate jobs for more than 11,000 local residents. Three investors have begun building their factories in the IP ... Read More »

Nam Dinh city celebrates 60 years of liberation

The northern province of Nam Dinh held a ceremony on June 30 to mark 60 years since its capital city of Nam Dinh was liberated (July 1). At the event, local people recalled the milestones of their resistance war against the French forces. After occupying Nam Dinh, French colonialists built the city into a big industrial zone with the largest ... Read More »

Development of irrigation infrastructure prioritised

Development of irrigation systems nationwide is always prioritised in agricultural restructuring, has said Minister of Agriculture and Rural Development Cao Duc Phat. The minister also noted that a total of 28.8 trillion VND (1.35 billion USD) has been funneled to build the networks between 2011 and 2014, equivalent to 79 percent of the total investment in the sector. The money ... Read More »

Foreign investors pump millions of USD into tires

Foreign tire manufacturers have flocked to Vietnam with plans to turn the country into their production base as well as a new consumption market, the English language news website VietNamNet Bridge reported. According to tirebusiness.com, the Vietnamese market’s scale is rather small, with a value of 800 million USD. That’s miniscule compared with the 235 billion USD world market. However, ... Read More »