Prime Minister Nguyen Tan Dung has asked ministries, branches and localities to create favourable conditions to attract investment, especially foreign invested and high-tech projects. The Government leader made the request at the cabinet's April meeting that opened in Hanoi on April 26 to review socio-economic development during the first four months of the year, and discuss measures for the following months. He asked for better trade promotion, local market development and export market expansion. It is necessary to consistently pursue the 2013 socio-economic targets, strengthen macro-economic stabilisation measures, control inflation and provide capital for prioritised sectors to ease difficulties in production and trading, the PM said. Dung said that better observation and more drastic measures are needed in the restructuring of public investment, state-owned enterprises and the banking sector. He also requested ministries, branches and localities to take measures to ensure … [Read more...] about PM: Better conditions needed to attract investment
Attract investment
Good governance helps attract investment: expert
Good governance helps attract investment: expert By Phi Tuan - The Saigon Times Daily HCMC - Good corporate governance is a good way to improve a company’s performance and to attract more investment from overseas investors, but this issue has not been adequately attended to in Vietnam, said an expert at a seminar held in HCMC on Thursday. Vietnamese companies with good governance would be better positioned to attract external financing and increase profitability, said David Gerald, President and CEO of the Singapore Securities Investors Association, at the seminar “Corporate Governance – The Way to Create Company Value.” Gerald explained that investors are willing to pay more for the shares of well-governed companies, and are taking the initiative to evaluate the presence or absence of corporate governance safeguards, as well as corporate cultures, at the companies in which they invest. “A study shows that best-governed companies have returns on … [Read more...] about Good governance helps attract investment: expert
“Vietnam still an attractive investment opportunity”
"Vietnam is still an attractive investment opportunity despite the current global recession," confirms website Research and Markets, the world 's leading source for international market research and market data. In its "Latest Vietnam Food and Drink Report" released on June 26, Research and Markets said that the Vietnamese economy will not be immune to the current global recession and the country’s outlook appears promising. There are forecasts of real GDP growth of 2.9 percent in 2009, a downward revision from previous forecast of 5 percent, however, Vietnam is expected to outperform much of Asia in 2009-2010, returning to rapid growth by 2011, according to the report … [Read more...] about “Vietnam still an attractive investment opportunity”
To boost resettlement process and take advantage of opportunity to attract investment to VSIP Haiphong
Chairman of Haiphong People’s Committee Duong Anh Dien recently received and held talks with Ms. Low Sin Leng, Executive Chairwoman of Sembcorp Development Ltd (Singapore) cum Chairwoman of the Board of Management of VSIP Haiphong Co., Ltd on the progress of VSIP Haiphong Integrated Township and Industrial Park project. The two sides discussed on positive results in investment attraction, customer service and infrastructure development of VSIP Haiphong in accordance with the cooperation commitment signed by both parties in early 2012. VSIP Haiphong Integrated Township and Industrial Park has attracted large investors, of which most projects have been quickly implemented, i.e., Kyocera Mita, Nipro Pharma… Ms. Low Sin Leng requested Haiphong city to continuously support to speed up the land clearance for VSIP Haiphong project to take full advantages of opportunity to lure Japanese investors who tended to shift investment from China to Vietnam. She also affirmed that the … [Read more...] about To boost resettlement process and take advantage of opportunity to attract investment to VSIP Haiphong
Stock Market An Attractive Investment Channel
Stock Market An Attractive Investment Channel By Nguyen Quan What happened to Vietnam’s stock market between February 15 and 21 While many economic experts are still worrying about Vietnam’s economic situation, stock investors seem to ignore the woes as their operations have helped the local stock market continue to gain points. Dragon Capital Group ranks Vietnam’s third among Asian bullish stock markets these days. The unexpected growth is ascribed to positive macro policies recently taken by the Government. Investors have also pinned their hope on positive analyses by both foreign and domestic specialists. The report assessing the Vietnamese economy released by HSBC on Monday morning puts Vietnam’s 2012 gross domestic product (GDP) growth at 5.7%. Likewise, a Standard Chartered report says that after a year of hyperinflation, prices of commodities in Vietnam have no longer increased steeply. Given the decelerating inflation, Standard Chartered expects that the … [Read more...] about Stock Market An Attractive Investment Channel