VIETNAM IMPORT EXPORT NEWS CHANNEL

International Enterprise Singapore (IE Singapore) has actively facilitated investment by Singapore companies in Viet Nam since 1993, as well as conducted urban development training for Vietnamese officials. The organisation’s regional director for Viet Nam and Cambodia, Chiong Woan Shin, discussed its programmes with Viet Nam News.

Japan will sign two ODA projects worth over 1 billion USD to Vietnam this September, said the Vietnamese Ambassador to Vietnam Mitsuo Sakaba.
When talking to the Lao Dong (Labour) newspaper on July 28, Ambassador Sakaba said that the projects – the Lach Huyen deepwater port in the northern city of Hai Phong [...]

The recent appreciation of the Japanese yen (JPY) against the U.S. dollar (USD) and Vietnam dong (VND) is likely to boost Japanese investments into Vietnam.
One USD is now against just JPY88.7, compared to JPY180 or even JPY300 in previous years. Meanwhile, one JPY can be now converted into VND211, against between [...]

The foreign-invested sector earned a trade surplus of 1.22 billion USD in the first seven months of the year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

The Economic and Budgetary Department of the HCM City People’s Council held a meeting on July 26 to supervise the progress of ODA-funded projects to upgrade the city’s urban areas.

Many Japanese investors have recently said that they will choose Vietnam as a destination for their investments within the next 1-3 years, although there remains some concerns over the quality of the workforce and the country’s infrastructure.

UK newspaper, the Financial Times, on July 26 ran an article saying that Vietnam ’s attractive investment environment, especially its cheap labour costs and political stability, are persuading foreign companies to choose it as the best destination in the region for their investments.

After BRICs, the CIVETS (Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa) will become an economic bloc with sustainable high growth and a best destination for investors, said the Economist Intelligence Unit.

Viet Nam is an attractive destination for investors involved in the entertainment business, Steven Ryan, executive producer of KB Creative Advisors has said.
The growth in the entertainment industry is attributed to the stability of the economy, the high proportion of young people and an increase in purchasing power.

Vietnam’s business groups have revved up investment in Cambodia and actively contributed to the local social security programmes, said the Association of Vietnamese Investors in Cambodia (AVIC).
At a review meeting in Siem Reap city on July 25, the AVIC said Vietnam has become the third largest foreign investor in Cambodia, after [...]

EU Ambassador Sean Doyle has recently introduced Green Book 2010 in Hanoi and said that he was glad to witness the vigorous recovery of Vietnam economy after the economic recession and proud to announce that EU continues to be important strategic partner of Vietnam in all areas: trade, economic, political and [...]

Vietnam always opens its door with many investment incentive policies. However, some licensed investment projects are ineffective, even breach the law of Vietnam. Thus, authorities are considering continuous inspections and revocations of investment licences to enhance the efficiency of investments and the healthiness of the investment environment in Vietnam.
Which projects [...]

The total amount of investment in Ho Chi Minh City’s industrial zones (IZs) and export processing zones (EPZs) reached nearly US$320 million in the first half of 2010, a year-on-year rise of 176 percent.

Investment in export processing and industrial zones (EPZs and IZs) in HCM City showed signs of recovery in the first half of this year, reaching US$320 million, up 176 per cent year-on-year.

Analysts said foreign direct investment (FDI) inflows into Vietnam are increasing thanks to the global economic recovery.
Foreign investors came back Vietnam to resume projects which have been postponed due to their capital shortages amid global economic recession, or even start new ones, the analysts added.

Vietnam’s central city of Danang has attracted US$2.8 billion from a number of foreign direct investment (FDI) projects so far.
Of the sum, US$2.1 billion was poured in 29 realty projects, accounting for up to 73% of the city’s total pledged FDI.

Vietnam needs to attract more “clean foreign direct investment (FDI)” capital to meet the country’s economic development and its industrialisation and modernisation, warned experts, as there remain a number of shortcomings in this area.

The Vietnamese Embassy in Japan hosted a meeting last Friday for around 100 members from a study group of Japan’s second generation businesses in Tokyo to promote understanding of doing business and making investment in Viet Nam.
The event was designed to attract more Japanese investment.

The potential risks of foreign direct-invested projects, such as environmental impact, should be seriously examined before local officials hand out licences, economists have warned.
“Only the most effective investment projects should be selected,” said Tran Dinh Thien, director of the Institute for Economics, in a recent interview with the Vietnam Economic Times.

Inadequate electricity supplies and infrastructure were major challenges facing Chinese enterprises, business representatives told a conference here yesterday that drew the participation of about 150 Chinese firms doing business in the country.