The information was shared at a Vietnam-Japan investment cooperation forum, which recently wrapped up in Yokohama, Japan. According to Deputy Minister of Planning and Investment, Vu Dai Thang, in recent years, Vietnam-Japan relations have been constantly developing. Japan is the largest official development assistance (ODA) provider for Vietnam, its second largest foreign investor, third largest travel partner and its fourth largest trade partner. In the Southeast Asian country, Japan has invested in over 3,865 valid projects, with total registered capital worth US$56 billion, accounting for 16.7% of the total FDI inflows into Vietnam. A recent report from the Japan External Trade Organisation showed that the investment environment in Vietnam has received positive comments from the Japanese business community, in which 87.7% of Japanese businesses believed that expanding their business in Vietnam help them to increase their benefits. More than 60% of Japanese businesses were profitable … [Read more...] about Japanese enterprises encouraged to make long-term investment in Vietnam
Long term investment account
Auto industry needs long-term development (04-09-2008) Workers at the Red River Factory in Nam Dinh Province. Viet Nam should have an open policy to produce 300,000 to 400,000 vehicles per year instead of the current annual production of 100,000, according to industry experts. — VNA/VNS Photo Hong Ky HA NOI — There must be a clear tax policy along with a long-term and comprehensive development strategy to encourage the country's automobile production, said Deputy Minister of Trade and Industry Do Huu Hao. The deputy minister made the comments at a conference on motorisation held recently by the Ministry of Trade and Industry and the Viet Nam Automobile Manufacturers Association (VAMA). At the meeting, auto manufacturers expressed their concerns about continuous changes in policies related to the automobile industry, especially tax policies. Toyota Viet Nam general director Nobuhiko Murakami said these changes in policies caused many difficulties for automobile … [Read more...] about Auto industry needs long-term development
The Hanoi Times - Businesses are finding it harder to access medium and long term capital because banks have become more reluctant to provide long term loans. Linh, the owner of a newly established business, felt crushed when a bank turned down his 50 billion dong loan request because of the long term of three to four years.He wants to borrow 50 billion dong to import a production line to develop a project worth 100 billion dong. The credit officer of the bank which Linh contacted said that his project was feasible. Meanwhile, the bank does not have to worry about Linh's solvency, since he is prepared to pledge several hectares of land to the bank as security for the loan. With but a month before Linh must confirm the deal with his foreign partner, Linh approached some other banks, but they all turned him down. Being the owner of a newly set up business, with no experience in dealing with banks, Linh cannot understand why it is so difficult to borrow capital for just three or four … [Read more...] about Many banks saying ‘no’ to medium and long term loans
It is now a ubiquitous phenomenon that enterprises manage to get loans in the U.S. dollar and sell them for Vietnam dong to capitalize on an interest margin. As entrepreneurial as they may be, businesses have tried their utmost to do whatever possible to slash costs and inflate profit provided that it does not infringe the law. And yet this practice is partly relieving the pressure on the foreign exchange. It comes as no surprise to learn that everybody is satisfied! However, everything has its own price. The role of State agencies is to anticipate all consequences of every economic trend so as to impose appropriate countermeasures. … [Read more...] about Short-Term Vs. Long-Term
VietNamNet Bridge - The sickly stock market has been testing stock investors' patience for many months. Other stock markets have recovered but when will Vietnam's stock market bounce back? Becoming shareholders of the enterprise which is leading Vietnam's gas industry, the key industry in Vietnam's national economy which decides the development of other industries such as power, fertilizer and steel, is really the dream of many investors. Andy Ho, Investment Director of VinaCapital, said that becoming the "owners" of state-owned general corporations is a golden opportunity which does not come regularly. … [Read more...] about Stock market: are there any opportunities for long term investments?