The Ambassador from the Republic of Korea, Suk-Hwan Park, spoke to Viet Nam News on the occassion of his country's national day on October 3. What should be done to enhance the relationship between Viet Nam and South Korea? It is a great pleasure to note that the Republic of Korea and Viet Nam have made significant achievements in various fields since both countries established their bilaterial diplomatic relations. Over the past 18 years, bilateral trade has increased twenty-fold, reaching US$9.5 billion in 2009, and Korea has emerged as the top investor, with 2,570 projects in Viet Nam amounting to $23 billion. Over 97,000 Vietnamese people are also living in Korea, and the number of Koreans living in Viet Nam is about the same. These achievements led both countries in 2009 to upgrade the relation to a 'Strategic Co-operation Partnership'. Viet Nam is an ideal partner for Korea. Its geographical proximity, abundant human and natural resources and similar culture, history and customs … [Read more...] about S Korea emerges as big investor in VN
Big investors
Holding back big investors
(VEN) - In an interview with Vietnam Economic News' Chu Hoa, former head of the Foreign Investment Agency Phan Huu Thang under the Ministry of Planning and Investment said if Vietnam wants to attract big corporations, it needs to continue improving the investment environment. In the first five months of 2013, newly-registered, added and disbursed FDI capital all increased compared with same period of last year which can be seen as a positive sign. It's noteworthy that there have been several major FDI projects carried out in Vietnam with newly-registered and added capital of billions of dollars. For example, Nghi Son Oil Refinery and Petrochemical Co. Ltd in Thanh Hoa Province increased its investment capital by US$2.8 billion; Samsung Electronics Vietnam Co. Ltd's project in Thai Nguyen Province had a total investment capital of US$2 billion and the Russian-owned Bus Industrial Center project in Binh Dinh Province worth over US$1 billion. However, in my opinion, these results have … [Read more...] about Holding back big investors
Big investors can negotiate about tax incentives with the government of Vietnam
VietNamNet Bridge - The draft corporate income tax law stipulates the jurisdiction of the government in deciding the investment incentives for the big investment projects, which are expected to have high socio-economic impacts. This means that big investors, who are considered the "special investors" thanks to the great impacts on the socio-economic development of Vietnam, would be able to require the "specific mechanisms" for them. In other words, the big influential investors can "haggle" with the government of Vietnam about the incentives they can enjoy if investing in Vietnam. A member of the law compilation committee said that a lot of big investors whose projects have big influences to the local economy development, but they cannot enjoy high-level investment incentives, if referring to the currently applied laws. Meanwhile, tax incentives are one of the most important factors behind the investors' decisions to make investment in Vietnam. The law compiler has implied … [Read more...] about Big investors can negotiate about tax incentives with the government of Vietnam
Stock market bottoms out, big investors go to mental hospital
VietNamNet Bridge - The stock prices have been decreasing for a long time and there has been no sign of recovery. A lot of big securities investors have seen their assets all gone and have to go to mental hospital due to psychological crisis. "N", 28, has been well-known among securities investors in Hanoi. He finished the Hanoi National Economics University in 2006, when Vietnamese people tried to familiarize themselves with the stock market and began pouring money into stock investment deals. … [Read more...] about Stock market bottoms out, big investors go to mental hospital
Transport infrastructure projects attract big investors
VietNamNet Bridge - A series of transport infrastructure projects managed by the Ministry of Transport have received rapid-fire investment registrations from both domestic and foreign investors. The unusually high number of investors, who have registered to become the investors of the Ninh Binh-Thanh Hoa road, and Nghi Son-Bai Vot road, the parts of the North-South Expressway, has made the expressway project become the "hottest project" nowadays. … [Read more...] about Transport infrastructure projects attract big investors