According to NFSC, FDI capital, especially registered capital in the first nine months this year, increased sharply in comparison to a year previous. FDI capital during the period reached an estimated USD15 billion, a year-on-year rise of 36.1 percent. Of this, newly-registered capital was USD9.29 billion and increased capital was USD5.71 billion, up 34.9 percent and 37.9 percent, respectively. In addition, thanks to improvements in the macro-economic climate, Vietnam's competitiveness index rose continuously, increasing five ranks from the 75th to 70th place, while the macro environment index jumped from the 106th to 87th place. On the international market, foreign investors' confidence in Vietnam's economy was also improved through Vietnam's credit default swap declining sharply from over 300 points of the same period last year to around 250 points over the past few months. GDP growth in the third quarter was higher than the forecast at 5.54 percent, contributing to bringing … [Read more...] about Foreign investor confidence in Vietnam economy recovers
Climate vietnam
“I Love Vietnam’s Flowers”
Six year ago, when Richard Go (Australian) visited Da Lat, he was fascinated by the beauty of flowers, diverse in colours and variety, and friendly Vietnamese people. Since then, he has d various flower arrangements from Vietnamese flowers and taught the vocation to a number of Vietnamese flower-arranging artisans. While working for Da Lat Hasfarm Company, Richard has travelled to every famous flower growing area in Vietnam. He met and talked with flower growers to know more about the characteristics of Vietnam's flower varieties, which in turn helps him create diverse flower arrangements that convey the sentimental and cultural messages of Vietnamese people. By combining different kinds of flowers, leaves and decorations available in Vietnam, he has created beautiful and unique flowers arrangements to introduce to international friends. His designs are also used to illustrate his lectures at the Richmon College in Sydney, Australia. His flower displays usually focus on the rural … [Read more...] about “I Love Vietnam’s Flowers”
Vietnam investment climate improved, obstacles still exist
Although Vietnam's investment climate has improved, the country is still faced with daunting obstacles to lure more foreign investment, said foreign investors at the Vietnam Business Forum Nov. 29. The forum was hosted by the World Bank just several days ahead of the annual Consultative Group meeting in which international donors are expected to pledge assistance to Vietnam. Improvements in investment climate … [Read more...] about Vietnam investment climate improved, obstacles still exist
Vietnam’s economy back on track from crisis
Deputy Prime Minister Hoang Trung Hai has expressed Vietnam's readiness to join the world economy's growth. Hai made the statement at a recent international Vietnam Summit called "A New Path to a New World", held by the Ministry of Foreign Affairs and the Economist Conferences in Ha Noi. During the open and candid dialogue with domestic and foreign investors, the Deputy Prime Minister repeated Vietnam's determination to effect economic reforms and facilitate foreign investment. The Deputy Prime Minister said given the global financial crisis, Vietnam's economic solutions have proved to be successful, with targets adjusted from economic growth to macro-economic stabilization, inflation control and social welfare: "Vietnam is optimistic about its economic prospects. Vietnam has learnt a lesson from recent crisis: every country should reform itself constantly, utilize innovation, and create a favorable and fair business climate. Vietnam is persistent in its reforms, especially … [Read more...] about Vietnam’s economy back on track from crisis
Vietnam plans to double arabica output by 2020
Vietnam, already the world's biggest producer of robusta coffee, plans to expand its planting area for arabica in a bid to more than double output of the superior-quality bean to 96,000 tonnes by 2020, though industry officials said production could be even higher. … [Read more...] about Vietnam plans to double arabica output by 2020