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Foreign investment
Poor foreign investment health
Despite mammoth development potential, foreign investment in Vietnam's healthcare sector remains modest. '"The above figures show foreign investment in the field of medical examinations and treatments in Vietnam is too little as compared with its huge development potentials,'" Khoa noted. … [Read more...] about Poor foreign investment health
Foreign investment in Vietnam may fall in 2009
Foreign investment in Vietnam may decline next year for the first time in a decade, hurt by the contraction in the global credit markets, UK-listed fund Indochina Capital Vietnam Holdings Ltd. said. Disbursed foreign investment this year may reach around US$12 billion, while pledged foreign investment may total almost $60 billion, Indochina Capital Vietnam said in a note to investors. Disbursed capital, which totaled $8 billion last year, hasn’t decreased since 1999, while pledged foreign investment in Vietnam last fell in 2002. Rising foreign investment in Vietnam has helped underpin economic growth which last year reached 8.5 percent, the fastest since 1996. Inflows of capital from abroad have also allowed the central bank to maintain foreign-exchange reserves and provide support for the dong. “Difficulties in mobilizing both onshore and offshore credit are expected to slow the disbursement rate and level of new commitments in 2009,” Indochina Capital said in … [Read more...] about Foreign investment in Vietnam may fall in 2009
More foreign invested electronics projects to kick off in Vietnam
Vietnamese electronics export turnover is forecasted to increase rapidly in the time to come, when a lot of foreign invested electronics projects become operational. A source from the Hai Phong Economic Zone Board of Management (HEZA), a big Japanese electronics manufacturer is discussing with HEZA about a big printing machine factory project in the city. Declining to reveal the name of the investor, but HEZA said the project has the investment capital of 100 million dollars which would focus on manufacturing printing machines for export. Currently, the investor is following necessary procedures to obtain the investment license. It is expected that HEZA would grant the investment license to the investor in June or July. Besides the above said project in Hai Phong City, big electronics and mobile phone manufacturers are also considering setting up their production bases in Vietnam or expanding the operational projects worth hundreds of millions of dollars per project. Especially, … [Read more...] about More foreign invested electronics projects to kick off in Vietnam
Hanoi suggests applying strict rules to control foreign invested property projects
Ninety five foreign invested real estate projects have been licensed in Hanoi. However, many investors have not moved since the day they got the licenses. According to VnMedia newspaper, 88 out of the 95 projects have been allocated land totaling 1500 hectares. These include 17 shopping mall projects, 66 office buildings for lease, and five golf course and park projects. Three investors reportedly have not fulfilled the site clearance work. Of the seven projects, the city’s authorities have assigned the Hanoi Land Fund Center to implement the site clearance for three projects in the West Lake project, Yen So Park and Biotech Park. A report by the Hanoi Planning and Investment Department shows that 82 out of the 88 projects have kicked off, but the implementation has been going very slowly. Some investors have found as to spontaneously not following the approved planning without the permission of the watchdog agencies. Euroland project developed by TSQ Vietnam in Mo Lao new … [Read more...] about Hanoi suggests applying strict rules to control foreign invested property projects