(VEN) - Ineffective investment promotion activities are among the major reasons for weaknesses in attracting and using foreign direct investment (FDI), according to a conference held recently in Hanoi to review 25 years of FDI in Vietnam. Vietnamese Ambassador to Japan Doan Xuan Hung said that a large number of Vietnamese investment promotion teams had visited Japan. He received an average of 4-5 such teams every 10 days. However, the teams did not work well, largely due to bad preparations, a lack of perspective and goals, bad presentation of their local strengths and low command of the Japanese language. At the conference participants pointed out that investment promotion teams had presented their investment needs in a general manner, rather than showing specific fields of investment attraction and specific investment preferences. Moreover, all investment promotion teams only wanted to attract investment in industries and the support sector. Hanoi Department of Planning and … [Read more...] about Focused investment promotion activities required
In the morning of September 30th, the Dong Nai Investment Promotion Delegation visited and met a number of and partners of Cargill Company, which is investing in Vietnam and has provided a positive support to the Delegation in the USA. Cargill is one of the largest private companies in the USA. It has 120,000 employees and caries out activities in nine different business fields worldwide, one of which hocuses on the processing of agricultural foods and nutritive foods for people. The annual Company turnover amounts to USD 60 million only at the Cargill Investment Office in the USA 2,500 employees work in an environment which is deemed to ideal for research, creation and contribution with its motto of mutual beneficial cooperation, Cargill always gives satisfaction to its customers, which is the success secret of the company. After an introduction and a visit to several places in Cargill International Office, The Dong Nai Investment Promotion Delegation met a number of Cargill … [Read more...] about The Dong Nai Investment Promotion Delegation met a number of business people, member s and partners of Cargill Company.
After the first workshop in New York, the provincial investment delegation leaved for Washington DC to prepare for the second workshop to be held on September 27th 2005. On September 26th, the delegation paid a visit to the Vietnamese embassy in US. Receiving the delegation was Mr. Nguyen Tam Chien, Vietnamese Ambassador to US. He informed the delegation about political and economic situation of US and the development of relation between two countries since the normalization and enactment of the BTA in 2001. Especially, bilateral trade between two countries has rapidly flourished. In 2001, trade turnover is just 1.4 billion USD and in 2004 this has increased 6.4 billion USD. These figures are very important but they do not correspond to the potential and expectation of two countries. The visit of Prime Minister Phan Van Khai has opened a new chapter in history of bilateral relationship between two countries, particularly the concerns of US investors including many big multination … [Read more...] about Dong Nai investment promotion delegation visits Vietnam Embassy in US
VietNamNet Bridge - By 2010, the Ministry of Planning and Investment had sent 10 officers abroad as investment promotion representatives. Cities and provinces have also spent a lot of money to organize conferences to call for foreign investment. However, the effects of these campaigns remain far below expectations. Investment promotion officers and local authorities uncooperative The lack of cooperation between investment promotion officers and local authorities is a big problem as shown at the conference held in Binh Duong on December 27. … [Read more...] about Investment promotion: big money, big efforts still ineffective
With the subject: Hai Duong- destination for Japanese investors, there were 2 promotion conference sessions organized in Osaka 10th April, 2012 and Tokyo 13th April, 2012 to call for Japanese investment to Hai Duong province. Chairman of People's committee Nguyen Manh Hien with Japanese investors in break time According to investment promotion program in 2012, Haiduong provincial leaders set up a mission, headed by Sir Nguyen Manh Hien, Deputy provincial party committee secretary to make a business trip to Japan from 8th- 14th April, 2012. The participants included leaders of State-management Departments and representatives of typical enterprises operating in province. After 4 hours in the Vietnam Airline flight, the business mission arrived at Osaka city, the Japanese second largest economic center with GDP annually reaching 500 billion USD. Osaka spreaded with light sunshine and striking color of cherry-blossom, a flower symbol of the rising sun country. It is said that this was … [Read more...] about A Japanese investment promotion trip in cherry-blossom season