(VEN) - Following the success of the 2008 Vietnam-Spain Investment and Business Cooperation Forum, the Economic and Trade Chamber of the Spanish Embassy in Ho Chi Minh City will, together with the Ho Chi Minh City Investment and Trade Promotion Center (ITPC), launch the 2010 Vietnam-Spain Investment and Business Cooperation Forum from November 23-24. The forum will create opportunities for businesses of the two countries to invest, find partners in the areas of finance, technology and industry, as well as promoting trade to create a basis for cooperation, joint ventures, investment in new businesses, transfer technology, franchising and outsourcing. For years now, two-way trade between Vietnam and Spain has increased, from US$250 million in 2001 to US$1.43 billion in 2009. The figure was about US$650 million in the first seven months of this year, a six percent increase from a year ago. At this time, Vietnamese coffee accounts for 45 percent of the market in Spain, garments 12-15 … [Read more...] about Spanish Companies Expand Ties with Vietnam
(VEN) - STX OSV Vung Tau Ltd is the STX OSV Group's most recent green field project. The shipyard is located in Vung Tau in the South of Vietnam and is the most modern in Vietnam, set up under the highest international standards. The yard has a capacity to build four medium-sized vessels per year. STX OSV Vung Tau Ltd is a successful model of Norwegian companies investing in Vietnam. On the occasion of the National Day of Norway and the 41st anniversary of the establishment of diplomatic relations between Vietnam and Norway, Vietnam Economic News' My Phung and Ngoc Thu interviewed Roger Vassdal, the general director of STX OSV Vung Tau Ltd, about the achievements of the company and its contributions to the development of the shipbuilding industry in Vietnam. Firstly, we would like to express that we are proud of having the presence here, a very nice and potential country that is suitable for our industry. Back to the history, in 2005, we were considering to open a shipyard in … [Read more...] about STX OSV brings famous brand from Norway to Vietnam
VietNamNet Bridge - Just within a short time, the two big Thai energy conglomerates announced the huge investments in the $27 billion Nhon Hoi petrochemical project and the $2.2 billion Quang Tri thermopower plant project. PTT, the Thai oil and gas group, plans to contribute 30-40 percent of capital into the Nhon Hoi petrochemical complex capitalized at $27 billion in the Nhon Hoi Economic Zone in the central province of Binh Dinh. The other investors would be from the Middle East, South Korea and Japan. The project is expected to kick off in 2016, while the construction would last four years. Once becoming operational, the oil refinery would have the capacity of 660,000 barrels of crude oil per day, or 30 million tons per annum. Most recently, the Quang Tri provincial authorities have announced the investment project on developing a 1,200 MW thermopower plant in the locality under the mode of BOT (build, operation, transfer). The investor of the project is EGATI, also a Thai … [Read more...] about Why Thai investors decide to pour billions of dollars into Vietnam?
It is the assessment of Mr. Carl W. Baker - Program director of Pacific Forum in Center for Strategic and International Studies (CSIS) in making a speech on the contribution of Vietnam (VN) in important forums of the region and the world, such as Shangri-La Dialogue, the East Asia Economic Forum and most recently, a conference on East Sea of CSIS in the United States. Mr. Carl W. Bake He said that the active participation in the important forums of the region and the world is "plus point" for Vietnam. "Plus point" for Vietnam Mr. Carl W. Baker said, I think that Vietnam has shown steadfast commitment as emphasizing the importance of multilateral approaching method in its foreign policy. With the active participation in the important forums in the region and in the world, I think that Vietnam has shown consistent commitment to ASEAN and to the value of team action to deal with problems affecting the whole Southeast Asia. Steadfast view point of Vietnam also shows that it has great … [Read more...] about “Vietnam has the potential to be one of the leading countries of ASEAN”
VietNamNet Bridge - International donors have pledged to provide close to 6.5 billion USD in official development assistance (ODA) to Vietnam in 2013, a decline of 1 billion USD from last year. According to Minister of Planning and Investment Bui Quang Vinh, the commitments were made at the last term of the 2012 Consultative Group (CG) Meeting, which took place in Hanoi on December 10. … [Read more...] about Donors pledge $6.5 billion to Vietnam