Investment
Amended ASEAN-China trade agreement signed
Economic Ministers of the ASEAN-China Free Trade Agreement (ACFTA) member countries on October 29 signed a Protocol to amend the Rule of Operational Certification and Origin Check Procedures under the Goods Trade Agreement, on the occasion of the 17th ASEAN-China Summit in Hanoi.
The amendment was finalised at the session of the Working group of Rules of Origin under the ASEAN-China Trade Negotiating Committee that took place in the Indonesian...
New Zealand Aviation takes off in Vietnam
New ZealandPrime Minister John Key highlighted strong aviation ties between New Zealand and Vietnam in Ho Chi Minh City this morning.
The breakfast event also marked the signing of a letter of intent between New Zealand company Pacific Aerospace and Vietnam’s Survey and Aerial Mapping Corporation (Samcom) for the purchase of two P-750 XSTOL aircrafts, to take place next month.
The New Zealand aircraft will be used for aerial survey and mapping...
Vietnam seeking investment capital from venture funds
– Experts say it is now the right time for Vietnam to think of seeking investment capital for the science and technology development from venture funds, while affirming that Vietnam’s market has become attractive enough to lure the funds.
Representatives from different ministries and branches, and venture funds gathered several days ago at a conference on technology commercialization in HCM City, where they discussed how to build up policies...
Vietnam needs new strategy to attract FDI
VietNamNet talks with Dr. Alan V. Phan, a prestigious investor, about foreign direct investment (FDI) and foreign indirect investment (FII) in Vietnam.
Some experts call Vietnam a “heaven for investment”. What do you think about this?
Dr. Alan V. Phan: In the global free-market economy, we need to think about FDI objectively. FDI should be seen as a product that we want to sell on many markets. The FDI product of a country is its investment...
Spain’s investment in Vietnam encouraged
Vietnam praises cooperation projects between Defex S.A and Acciona S.A and the Vietnam Coal and Mineral Group and the An Vien Joint Stock Company, said State President Nguyen Minh Triet.
At a meeting with representatives from the two Spanish groups in Hanoi on October 25, Mr Triet said Vietnam wants Defex S.A and Acciona S.A to expand cooperation and investment in Vietnam and introduce the country’s potential to Spanish businesses.
Vietnam-Spain...
Foreign investments in Hanoi may touch $800m in 2010
As estimated in 2010, the total foreign investments in Hanoi may reach $800 million, 1.5 times increase against 2009, according to Hanoi Statistics Department.
The figure showed the strong recovery of the economy after the economic crisis.
In particular, in 2010, the capital city would attract 350 projects worth $800 million including 300 newly licensed projects valued at $500 million and 50 capital raised projects worth $300 million.
Currently,...
Mitsubishi to help Vietnam reduce energy consumption
Mitsubishi Corp. will conduct a feasibility study to help address global warming by popularizing energy-saving Japanese home appliances in Vietnam, it has been learned.
Mitsubishi Corp. will conduct a feasibility study to help address global warming by popularizing energy-saving Japanese home appliances in Vietnam, it has been learned.
Working in cooperation with five electric appliance makers, including Panasonic Corp. and Sharp Corp., Mitsubishi...
Highland province projects seek investors
The Central Highland province of Lam Dong has unveiled a list of 26 projects that require investment by 2020.
Six of them – the International University Village, Prenn Lake Tourism Zone, Dau Giay-Lien Khuong Expressway, Da LaÏt-Thap Cham Railway, Lien Khuong New Urban area, and Dan Kia Tourism Zone – are considered to be key and require a total of US$8.3 billion-$8.8 billion.
The list also comprises nine industrial projects that need $3.1...
Malaysian investors eye Viet Nam
Malaysian businesses are interested in the Vietnamese market and recognise its fine investment environment, said Michael Chai, chairman of the legal committee of the Kuala Lumpur Chinese Chamber of Commerce and Industry, at an investment promotion seminar in the Malaysian capital on Thursday.
The seminar, co-organised by the chamber, the Vietnamese Embassy in Kuala Lumpur and banking giant HSBC, drew over 450 representatives of Malaysian agencies...
ASEAN plans to boost investment
The ASEAN Business and Investment Summit (ASEAN-BIS) will be held here from October 26-28.
This year’s theme will be “Towards the ASEAN Community: From Vision to Action”.
The event is expected to attract about 500 delegates, including government officials, policy-makers, economists and business leaders from around the world.
ASEAN-BIS, organised by the ASEAN Business Advisory Council (ASEAN-BAC), will be held on the sidelines of the ASEAN...