Hai Duong has lured US$71.5 million in foreign direct investment capital (FDI) in the first six months of the year, according to the Hai Duong provincial Planning and Investment Department.
The southern province of Binh Duong has become a “popular destination” for foreign investors, particularly those from Japan, according to Ikuo Mizuki, Japan’s Consul General in HCM City.
Provincial authorities are revoking investment licenses granted to five tourism and real estate projects in the Danang City area after investors proved unable to mobilize promised funds, according to VietNamNet.
Already dead is the $4.15 billion Dragon Beach (Bai Bien Rong) Resort development licensed in September 2009. The project’s American developers, Tano Capital, LLC and Global C&D Inc.
Vietnam and Japan hold a big opportunity for cooperation in shipbuilding as the world’s second largest economy is recovering and the Southeast Asian country’s shipbuilding industry boasts various potentials.
A conference to promote investment in central Vietnam’s key economic region will be held on June 25-26 in Hoi An town of the central province of Quang Nam.
The southern province of Binh Duong has become a “popular destination” for foreign investors, particularly those from Japan, commented Ikuo Mizuki , Japan’s Consul General in Ho Chi Minh City.
Financial analysts believe that the stock market will prosper again in the time to come after businesses announce positive half-year business results, and the monetary policy is loosened.
For years, the sound and sight of thousands of motorbikes weaving through the narrow streets of Hanoi’s old quarter has been an everyday occurrence.
Singaporean companies will continue to invest in Viet Nam this year because they still consider the country as one of the most attractive investment markets in Southeast Asia, said Chiong Woan Shin
