Recent figures of the Danang Statistics Department show that the city's export commodities since early 2006 were worth nearly US$63mil, a year-on-year increase of 15.55%. The State sector topped the list with US$23mil. The private sector had a 40% increase and the foreign-invested sector the highest with 63%. … [Read more...] about Export of Danang private and foreign-invested enterprises increases
Foreign investment
170 registered domestic and foreign invested projects
A report of the Danang People's Committee said that the city now has 170 registered domestic and foreign invested projects with a total value of VND10,180bil and USD721.287mil, including 84 domestic projects worth VND10,180bil and USD63.9mil and 86 foreign invested projects worth USD657.3mil. There are 64 industrial foreign invested projects worth USD407mil, including 41 already put into operation valued at USD281.1mil, and 22 foreign invested service projects worth USD250.3mil, including 12 already in operation valued at USD85mil. In addition, another five FDI projects worth USD108.2mil are presently being registered at the Ministry of Planning and Investment. Most of the projects have high registered investment but the implemented value is modest with low value added products. (Anh Thu) … [Read more...] about 170 registered domestic and foreign invested projects
Hai Phong facilitates foreign investment in 2013
(VOVworld) - Hai Phong city seeks to attract about 1.5 billion USD in foreign investment in 2013. To do so, the city's authorities will create favorable conditions for investors in infrastructure, land and administrative procedures. Priority will be given to major corporations operating hi-tech, energy saving and non-pollutant projects. Tran Thi Hai Yen from Hai Phong's Department of Planning and Investment told VOV: "Hai Phong city will continue to improve our investment environment, focusing on administrative reforms, infrastructure, convenient facilities and human resource development. We also encourage our businesses to invest overseas, including Laos and Myanmar". In addition, Hai Phong city assists enterprises that are engaged in auxiliary industry, contributing to economic restructure. … [Read more...] about Hai Phong facilitates foreign investment in 2013
Foreign investment rises 8% in November
Nhan Dan Online - Vietnam attracted nearly US$1.7 billion in foreign direct investment (FDI) in November, up 8% from the same period the previous year, according to the Foreign Investment Agency. … [Read more...] about Foreign investment rises 8% in November
Foreign investment in local energy scanty
Foreign investment in local energy scanty By Phi Tuan - The Saigon Times Daily HCMC - Energy investment in Vietnam is forecast to amount to US$5 billion a year but foreign investors still lack interest in the industry, according to international experts and investors. Cuong said ways were being sought to call for more investment from other sources, including official development assistance, bond issues, and commercial bank loans, but capital shortages are still huge. International experts and business people at the event pointed out unclear policy, unattractive power tariffs and the unfair business environment as major barriers to new energy developments. The price is only five cents per kWh, too low for investors, said a Singaporean company. For investment in renewable energy, Erik Knive, chairman of the summit and also an energy investor, cast doubt about the price of wind energy of 8.5 cents per kWh proposed by a local investor. The rate should range from 10 to 12 cents per … [Read more...] about Foreign investment in local energy scanty