What will Vietnam offer in exchange for Samsung’s $3 billion project?

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VietNamNet Bridge – The Thai Nguyen provincial People’s Committee has asked the provincial People’s Council to give huge investment incentives to Samsung in exchange for the South Korean investor’s project worth $3 billion. relate news Samsung invests $3 billion more in VietnamSamsung gets special treatment for its Display project in Bac NinhElectronic giants invest billions into Vietnam If the suggested investment incentives get approval, Samsung will enjoy … [Read more...]

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Foreign investors bet less on Vietnam

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Samsung registered the biggest projects in terms of value among foreign investors in Vietnam this year. Photo credit: Vietnam News Agency … [Read more...]

FDI attraction crucial to supporting industry development

Representatives of Japanese enterprises being introduced with Hanssip's potential and incentives.

NDO – Supporting industries (SI) play a key role towards realising the goal of making Vietnam an industrialised country by 2020. With the current potential of supplying components for the domestic market remaining fully untapped, Hanoi’s SI enterprises are promoting co-operation with Japanese partners aiming to attract foreign direct investment (FDI) in this area.Huge potential remains untapped Currently in Vietnam, spare parts needed for domestic manufacturing are mainly imported … [Read more...]

Impact of Amended Investment Law and Tax Policies on FDI Attraction

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The seminar "Impacts of Amended Investment Law and Tax Policies on Foreign Direct Investment Attraction" held recently in Hanoi by the Vietnam Chamber of Commerce and Industry (VCCI) and the Business Forum Newspaper attracted more than 300 representatives from business associations and foreign-invested companies. The workshop aimed to clarify fundamental changes in the new Law on Investment, changes in foreign investment attraction, especially tax incentives, the consistency of tax policies and … [Read more...]

11-month FDI disbursement increases 6.2 percent

The Foreign Investment Agency's latest figures showed that disbursed foreign direct investment (FDI) hit 11.2 billion USD in the first 11 months of this year, rising 6.2 percent year-on-year. According to the agency, which is under the Ministry of Planning and Investment, foreign investors poured 17.33 billion USD into Vietnam so far this year — equivalent to 83.3 percent of the investment year-on-year — in which 13.41 billion USD was invested in 1,427 new FDI projects. Meanwhile, … [Read more...]

Breakfast @ Tuoi Tre News – November 25

Politics:

Briefs of some of the leading news stories published on Tuesday (November 25) in Tuoi Tre (Youth) newspaper: -- Vietnamese Prime Minister Nguyen Tan Dung and his Lao counterpart have agreed to conclude negotiations soon for a new bilateral trade agreement between the two countries to look toward the target of US$2 billion in trade in 2015. … [Read more...]

Argentina media hails Vietnam’s economic achievements

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Argentina’s newspaper La Nación (Nation) has described Vietnam as a symbol of successful economic development in Southeast Asia, with a strong increase in both exports and foreign direct investment. … [Read more...]

Vietnam’s economic success grabs headlines in Latin America

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Mobile phone assembly line of Samsung Electronics factory. (Photo: VNA) … [Read more...]

Argentina newspaper praises Vietnam’s economic achievements

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(VOV) -Argentina’s newspaper La Nación (Nation) has described Vietnam as a symbol of successful economic development in Southeast Asia, with a strong increase in both exports and foreign direct investment. The paper said in a recent article that Vietnam, together with Cambodia, Laos, Myanmar and Thailand, is emerging as a new industrial hub attractive to investors thanks to its low-cost and dynamic labour force. La Nación noted that located near the world’s leading … [Read more...]

Argentina newspaper praises VN’s economic achievements

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(VOV) -Argentina’s newspaper La Nación (Nation) has described Vietnam as a symbol of successful economic development in Southeast Asia, with a strong increase in both exports and foreign direct investment. The paper said in a recent article that Vietnam, together with Cambodia, Laos, Myanmar and Thailand, is emerging as a new industrial hub attractive to investors thanks to its low-cost and dynamic labour force. La Nación noted that located near the world’s leading … [Read more...]

Argentina media hails VN’s economic achievements

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(VOV) -Argentina’s newspaper La Nación (Nation) has described Vietnam as a symbol of successful economic development in Southeast Asia, with a strong increase in both exports and foreign direct investment. The paper said in a recent article that Vietnam, together with Cambodia, Laos, Myanmar and Thailand, is emerging as a new industrial hub attractive to investors thanks to its low-cost and dynamic labour force. La Nación noted that located near the world’s leading … [Read more...]

Former senator praises Vietnam’s miracle growth

Photo for illustration (Source: laodong.com.vn)

Former Senator Eddie "Kuya Eddie" Ilarde, the first president of the Philippines-Vietnam Friendship Association, returned to Manila from a visit to Hanoi, greatly impressed by what he saw. The former senator said in the "Phoenix-like Vietnam" story published by the Manila Bulletin on November 16th. "Vietnam has emerged as one of the fastest-growing economies in Southeast Asia. It has an open Foreign Investment Law, offering up to 100% foreign ownership," he said in an interview with Radio … [Read more...]

Samsung Life Insurance presents computer room to Dong Tam Junior High School

Samsung Life Insurance Co., Ltd. (South Korea) on November 18 afternoon presented a computer room to Dong Tam Junior High School (Ninh Giang district). The computer room is equipped with 25 sets of desks and chairs, 25 sets of computers, one printer, one projector, two air conditioners, one voltage stabilizer, and one LAN system. The investment cost totaled VND420 million. The computer room is a work under the project of "Vietnam Computer class of joining hand hope", implemented through the … [Read more...]

Vietnam keen to attract more foreign investors

Hanoi, November 18 (VNA) - Registered and disbursed foreign direct investment (FDI) along with the issuance of investment certificates in the first ten months of this year have been consistent with a stable business climate, radio the Voice of Vietnam quoted Minister of Planning and Investment Bui Quang Vinh as saying. Though Vietnam has become more attractive with its tax incentives, low-cost labour, and long coastline and its increasingly modern port infrastructure, FDI attraction policies … [Read more...]

Vietjet launches air cargo service

With a team of Vietjet professional companies and strategic business development plans, Vietjet Air Cargo is believed to become the leading cargo airline in Vietnam and Southeast Asia.

VietNamNet Bridge – Low-cost airline Vietjet Air today introduced its affiliate company, Vietjet Air Cargo, which will provide global air-cargo transport services. … [Read more...]

Vietnam creates best condition for foreign investors

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The Hanoitimes - The Vietnam government has done its best to create a favourable investment environment and in the 10 months leading up to November the nation's economy is like a locomotive gaining momentum. Minister of Planning and Investment Bui Quang Vinh adds that registered and disbursed foreign direct investment (FDI) along with the issuance of investment certificates during the period have been consistent with a stable business climate. Dr Nguyen Dinh Cung, Central Institute for … [Read more...]

Full steam ahead for foreign investment in Vietnam

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(VOV) - The Vietnam government has done its best to create a favourable investment environment and in the 10 months leading up to November the nation's economy is like a locomotive gaining momentum. Minister of Planning and Investment Bui Quang Vinh adds that registered and disbursed foreign direct investment (FDI) along with the issuance of investment certificates during the period have been consistent with a stable business climate. Dr Nguyen Dinh Cung, Central Institute for Economic … [Read more...]

Hi-tech transfers by foreign firms remain a pipe dream

Many Vietnamese economists said technology transfer by FDI firms in Vietnam was very poor

VietNamNet Bridge - Sixty six per cent of the technology transferred to domestic firms came from other domestic firms using low and medium-grade technology, according to the results of a survey of firms released last week by the Central Institute of Economic Management. "This suggests that technology transfers are taking place primarily between domestic firms. This also suggests that foreign direct investment (FDI) may not be required for learning to take place between firms," stated the … [Read more...]

Samsung’s US$3 billion project expected in Thai Nguyen Province

South Korea's Samsung Electronics Company has worked with the northern province of Thai Nguyen on a US$3 billion smart phone project, announced the Investment Promotion Center under the province's Department of Planning and Investment. Samsung Electronics Vietnam plans to deploy the project in the province, where a US$2 billion smart phone plant has already come into operation since March, said the center. If the project is licensed, Samsung will be the largest foreign investor in Vietnam with … [Read more...]