Encouraged foreign investment industries

Jakarta (VNA) - Japanese companies operating in Indonesia will stick to their future investment plans, despite declines in sales and production due to the COVID-19 pandemic, a survey conducted by the Japan External Trade Organization (JETRO) has shown. The survey, which illustrates the impact the pandemic has had on more than 350 Japan-based companies operating in Indonesia, showed that due to the pandemic, 80 percent of the companies have seen a decrease in sales, with 37 percent stating their sales had fallen to half their normal levels in this year’s second quarter. Despite plunging sales and production rates, 69 percent of respondents remained confident about their future investment strategies in Indonesia. Only 15 percent intended to slash their future investments amid the current economic woes. “Many Japanese companies still see Indonesia as a potential market. While it’s true that demand is decreasing in the short term, consumption will return in the long … [Read more...] about Japanese firms maintain investment plans in Indonesia

The increase in losses was caused by a 195 per cent rise in costs. HIPC had to raise the cost price of Hiep Phuoc industrial zone to VND712 billion ($30.96 million) in accordance with the payment that HIPC transferred to the state, as well as left VND275 billion ($11.96 million) for backup. … [Read more...] about Audited report turns Hiep Phuoc Industrial Park smile up-side down

Since the amended Housing Law took effect on July 1, 2015, 549 certificates for land-use rights and ownership of houses and other properties built on land (red book) have been granted to foreign institutions and individuals. According to Huynh Tan Vinh, CEO of Furama Resort, many other countries allow foreigners to buy tourism properties, which is one solution to attract investment in the business field. … [Read more...] about Vietnam considers allowing foreigners to buy tourism property

In the context of the increasingly complicated and unforeseeable developments of the COVID-19, the two sides concurred to intensify the sharing of information and to offer the best possible conditions for the citizens of their respective nation to repatriate safely if stranded in the other. … [Read more...] about Vietnam, Canada hold deputy foreign ministerial political consultation

Long An (VNA) - The Mekong Delta province of Long An is speeding up the disbursement of public funds to ensure the construction progress of infrastructure projects.  Tran Van Can, Chairman of the provincial People's Committee, said the total public investment capital disbursed for projects in the first six months was nearly 2.55 trillion VND (109 million USD), or 41.7 percent of the plan. The province has faced difficulties in the disbursement of public funds for projects. Its budget is limited but the investment need is huge, which has led to a shortage of capital. The province has called for more funds from the private sector and more public-private partnerships to invest in infrastructure projects. According to the Ministry of Planning and Investment, in the January-June period, disbursement of public investment amounted to nearly 156 trillion VND (6.73 billion USD), fulfilling 33.1 percent of the plan set by the National Assembly and the Prime Minister, higher than the … [Read more...] about Long An speeds up public investment projects