10 projects earmarked for Cau Treo

As many as 10 infrastructure works in the Cau Treo International Border Gate Economic Zone (EZ) in the central province of Ha Tinh will be put into operation by the end of April.

The Central Goverment and Ha Tinh Province have so far invested in 93 infrastructure projects in the EZ with a total investment of VND2 trillion (US$95 million).

The EZ, which boasts a favourable traffic route to Laos and the northeastern part of Thailand, is now home to 110 licensed projects and nearly 800 household businesses that paid over VND20 billion ($952,000) in import-export taxes in the first four months of this year.

From VietNamBusiness

[ Trở về]

Newer Articles

National road set for upgrade
IDICO-IDI is expected to collect tolls until February 2033. The project would help ease traffic congestion and reduce the number of traffic accidents on National Road 1A from An Suong – An Lac, which runs through Binh Tan District, District 12 and Hoc Mon District, said Tran Quang Phuong, director of the city’s Department of Transport.
Over 16.5tr dong to build Dong Hoi seaport in central
As planned, to 2020, this seaport will be able to receive 30,000-50,000 dwt ships. The seaport has total expected investment of 16.555 trillion dong, of which, the investment till 2015 would be about 10.574 trillion dong. This capital source will come from the investor of Dong Hoi industrial zone and capital mobilisation from other enterprises.
Da Nang takes lead in competitiveness index
In the first four months of this year, Da Nang licensed an additional 19 projects with a total capital of over $300 million. In the first quarter alone, the city attracted $424.5 million, including newly-registered and additional capital, for 16 projects, representing a 4.9 fold increase over the same period last year.
Ethnicity’s place of courtship recognized as cultural site
Nguyen Trung Thuong, Director of Ha Giang’s Department of Culture, Sports and Tourism said the recognition was part of an effort to promote the cultural identity of ethnic minorities which make up a big part of the population of Ha Giang.
Hong Kong-invested GreenFeed puts Dong Nai factory online
The new facility covers three hectares in Song May Industrial Park in Trang Bom District. The designed capacity for the beginning is 120,000 tons of products per year. The factory is just 15 kilometers north of Bien Hoa, the industrial city nearest to Ho Chi Minh City – the country’s biggest southern economic hub.
Mekong Expo 2011 opens in Can Tho Province
Businesses from the Mekong Delta provinces, Ho Chi Minh City, Tay Ninh, Lam Dong, Khanh Hoa, Dong Nai and Da Nang participated in the expo. The expo highlighted the economic achievements and the specialities of each province and city, as well as displayed the fine arts, handicrafts, machinery, technology, foods and various equipments of the regions.
VN Business Summit opens in HN
It is estimated that Việt Nam needs about US $300 billion for investment development within 2010-2015. Therefore, the innovation in business environment, growth model transforming, synchronous development of labor, science-technology markets toward liberation of trade and investment will be prioritized. The Deputy PM also re-affirmed the Vietnamese Government’s consistent policy to pursue economic reform, active integration, stable trade and investment ties with foreign partners.
HCM City takes lead in FDI attraction in April
The FDI disbursement in April reached around US $1.08 billion, bringing the total figure to US $3.62 billion in the past four months, or a year-on-year increase of 0.6%.
Soc Trang to host 2nd Vietnam rice festival in November
Various activities will take place including trade and investment promotion, an agricultural products fair and an exhibition during the festival.
Bac Giang to boost trade promotion
Bac Giang has attracted 19 new projects worth a combined US$280 million since the beginning of this year, lifting the number of projects registered to the province to 647, capitalised at $2.4 billion.

Older Articles

Mekong Expo 2011 opens in Can Tho Province
Businesses from the Mekong Delta provinces, Ho Chi Minh City, Tay Ninh, Lam Dong, Khanh Hoa, Dong Nai and Da Nang participated in the expo. The expo highlighted the economic achievements and the specialities of each province and city, as well as displayed the fine arts, handicrafts, machinery, technology, foods and various equipments of the regions.
VN Business Summit opens in HN
It is estimated that Việt Nam needs about US $300 billion for investment development within 2010-2015. Therefore, the innovation in business environment, growth model transforming, synchronous development of labor, science-technology markets toward liberation of trade and investment will be prioritized. The Deputy PM also re-affirmed the Vietnamese Government’s consistent policy to pursue economic reform, active integration, stable trade and investment ties with foreign partners.
HCM City takes lead in FDI attraction in April
The FDI disbursement in April reached around US $1.08 billion, bringing the total figure to US $3.62 billion in the past four months, or a year-on-year increase of 0.6%.
Soc Trang to host 2nd Vietnam rice festival in November
Various activities will take place including trade and investment promotion, an agricultural products fair and an exhibition during the festival.
Bac Giang to boost trade promotion
Bac Giang has attracted 19 new projects worth a combined US$280 million since the beginning of this year, lifting the number of projects registered to the province to 647, capitalised at $2.4 billion.
Kon Tum targets 15% annual growth
The province’s per capita GDP is projected to double every five years: between 2010 and 2015 and between 2015 and 2020, reaching VND28 million (US$1,340) and VND53 million ($2,540), respectively. To meet these objectives, the province targets a total investment of VND105 trillion ($5,034 billion) over the next decade, 30 per cent of which will be sourced in the first five years.
Spain assists Quang Nam in socioeconomic development
A cooperation document to this effect was signed between the Quang Nam provincial People’s Committee and PyD in Quang Nam province on April 27.
Province to get tough on tardy tourism projects
The projects had been licensed between one and two years ago, but the investors had either not begun work on them or failed to furnish investment plans to authorities.
Hanoi to spend $13bln on transportation
Hanoi will complete the construction of the two belt roads no. 2 and 3, build a fourth one, upgrade its railway system, and expand existing highways including particular sections of National Highway 1A and 6.
‘$13bln for Hanoi’s urban traffic development too big’: experts
Currently, the country is investing about only 3.5 percent of GDP in traffic infrastructure each year. Normally, in the other countries in the world, even during the hot development stage, the total investment for traffic system accounted for only 7-8 percent or highest at 10 percent of GDP. Therefore, Hanoi’s spending on traffic system accounts for over 20 percent of GDP, two-fold higher than that of other countries and six times higher than that of the whole country will be a record figure.

Latest News

Vietnamese software firms consider Japan as the major market
The Japanese software market is really attractive in the eyes of Vietnamese software outsourcing firms. Up to 80 percent of Vietnamese firms consider Japan as the core market.
Despite problems, 2011 FDI spending equals 2010
In 2011, the country attracted $14.7 billion in FDI, equal to 74 per cent of 2010. Over $11.5 billion came from 1,091 newly-licensed projects while the rest was from 374 existing projects that increased their capital.
EVNTelecom asks for government’s approval to sell 12pct stake for VTC
In January 2011, the government agreed the plan to make privatization for EVNTelecom whereby EVNTelecom will sell a part of state holding to strategic investor and offer preferential shares to the employees. Of which, EVN will hold 50.6% stake, 0.4% stake will be held by the employees and 49% stake for FPT Co and FPT Telecom Joint Stock Co (FPT Telecom).
Vietnamese enterprises expanding into international markets
Hoang Anh Gia Lai Group has become one of the most successful investors in this neighbouring country with the total investment capital of US$1 billion in such areas as rubber, sugar cane, mining and hydropower industries.
Ernst & Young Vietnam role to be examined
The State Securities Commission (SSC) would check DVD auditing files in Ernst & Young in late September, according to SSC’s vice chairwoman Vu Thi Kim Lien. The Accounting and Auditing Department and Vietnam Association of Certificated Public Accountants also join the inspection. A&C Auditing & Consulting, which audit the DVD’s 2008 financial statement, would be checked as well.
Vietnamese firms invest over $24.5b in foreign countries as of July-end
The investment capital of Vietnamese investors exceeded $10.7 billion and chartered capital of Vietnamese investors also reached approximately $10 billion. They mainly invested in mining sector with about $17 billion, of which, Vietnamese investors poured over $4.3 billion and chartered capital of over $3.7 billion.
Vietnam Insurance Market: Keeping Double-digit Growth
The Vietnamese insurance market is being competed by both domestic and international insurers and is hurt by economic challenges. Hence, insurers are forecast to face difficulties in funds and premiums. Optimistically, insurers reported revenues growth of 10-15 percent in the first eight months.
Vietnam’s economy looks grim with ADB’s forecast
The government’s Resolution 11 released early this year is a timely response to the double-digit inflation, draining forex reserves and a devaluating local currency, said Tomoyuki Kimura, ADB’s country director in Vietnam.
Ministry rejects import-export tax changes
At an earlier working session between the two ministries, the Ministry of Industry and Trade (MoIT) requested the Ministry of Finance (MoF) to hike import tariffs on NPK fertiliser from the current 6 per cent to 6.5 per cent; delay imposition of a 3-per-cent export tax on steel ingots and finished steel; and slash the export tax on coal from 20 per cent to 10 per cent.
Government okays anti-dumping suit against US
A recent VASEP conference pointed out that if Vietnam failed to pursue the lawsuit, it could lose the US market to other big exporters like India and Thailand who had won a similar suit, Thanh Nien newspaper said.

For Foreigners

Adb: policy tightening will lower inflation
In its Asian Development Outlook 2011 Update (ADO Update), the ADB said Resolution 11, a comprehensive policy package, has made good initial progress by helping the exchange rate to stabilise, allowing foreign reserves to be replenished, and lowering monthly inflation outcomes during June – August.
HSBC, Barclays to advise Vietinbank’s planned overseas dollar bond sale
“VietinBank has made a good choice of advisers,” said Alan Pham, chief economist at VinaCapital Investment Management Ltd. HSBC has a depth of expertise and wide distribution network globally that will help get the Hanoi-based bank a “good rate,” he said.
Vietnam govt to service debt for troubled cement projects
On Wednesday, state-backed newspaper Tuoi Tre said Dong Banh Cement Joint Stock Co, a subsidiary of state-owned Song Da Group, was asking the government for help in paying $3.4 million back to ANZ.
Calm heads prevail as the forex market to remain cool
Last week, the central bank decided to increase the reserve requirement ratio by 1 per cent to 8 per cent for foreign currency deposits less than 12 months and to 6 per cent for foreign currency deposits over 12 months.
Further fiscal & monetary tightening in coming months
The Vietnamese authorities deserve our applause for facing up to tough economic issues. Today’s rate hike was just another step in the long battle against inflation. Although the policy stance has clearly shifted from boosting growth to improving economic stability since February, the data flow remains challenging.
IMF cuts Vietnam’s inflation forecast to 9.5pct in 2011
According to IMF’s regional economic outlook, Vietnam has overcome the global crisis thanks to the substantial financial stimulus package worth 5 percent of its GDP and monetary easing policies. The IMF commented that Vietnam is of the fastest growing economies in Asia. In 2010, Vietnam posted a growth of 6.8 percent thanks to demand for both domestic and international growth. However, the expansion policy adopted during the crisis also has increased macroeconomic risks.
Vietnam’s dong has best week since 1997 after dollar rates curb
The State Bank of Vietnam set a ceiling on dollar deposit rates on April 13, restricting interest payments for individuals to 3 percent and those for non-credit institutions to 1 percent. Holdings of dong can attract returns of as much as 14 percent.
Vietnam tightens control over state-bank partnership
“The government wants to protect state assets because state-run banks have huge assets, many of which are not profitable now,” a Vietnamese analyst was quoted by Reuters.
Foreign investors list problems in Vietnam
“There is a big difference between what the regulations state and their actual implementation, hindering investors’ plans,” Han Jae Jin, chairman of the Korean Chamber of Commerce’s foreign affairs board, said.
Foreign invested enterprises complain about customs procedures
Arepresentative from Amcham, said at the workshop on the investment environment improvement workshop held in HCM City on April 26, that enterprises not only have to spend money, but also a lot of time to fulfill customs procedures. It takes exporters three or four days on average to get customs clearance. Especially, it would be a big trouble to enterprises, if they export perishable products and they have to wait for customs procedures.

Business Trade Vietnam Government FDI World economy Vietnamese Party Economy Economic Market State management Prime Minister HCM city Hanoi Ho Chi Minh CPI Asian World America Europe Nguyen Tan Dung Hau Giang Mekong Delta rice Standing Mekong Cambodia usa japan china korea Lai Chau Hoa Binh Hoi An Chu Lai Quang Nam Da nang Can tho Son La Power Plant Ministry of Industry Dung Quat Oil Singapore Thailand Malaysia Indonesia Laos Vietnamese FDI capital investors foreign investor Netherlands US service transportation infrastructure tourism VNPost Express Spain Gold Tra fish export contracts tourist Middle Area Construction Shipbuilding Industry Company Industrial Zone budget Dong Nai Binh Duong Vung Tau Tay Ninh Binh Phuoc Tay Ninh Long An Tien Giang US investors hydropower plant Quang Ninh Nha Trang Stock Exchange HNX Index capital Agriculture Dong Thap An Giang Export-Processing Zone Yen Bai Lao Cai Lai Chau Dien Bien Son La Hoa Binh Phu Tho Ha Giang Tuyen Quang Bac Kan Lang Son Cao Bang manufacturers Asean Russia development Aviation inflation Hong Kong American Chamber of Commerce Seafood ODA WB IMF FED Asia-Pacific Association countries European marine economy Thanh Hoa Nghe An Nam Dinh Ha Tinh Phu Lý Vinh Phuc Bac Ninh Bac Giang Hung Yen Hai Duong Binh Thuan Binh Phuoc Lam Dong Gia Lai Kon tum Quang Ngai Quang Binh Quang Tri Ninh Thuan Ca Mau Bac Lieu Soc Trang Tra Vinh Kien Giang Vinh Long Ben Tre incomes policies Law assets Natural Gas Building statistics strategy Da Lat mineral exploitation processing industries electricity water supply Enterprises forestry fishery communications real estate transportation Corruption bauxite Securities Insurance Bank Finance Account goods Trade Balance coffee Coal festival Ha Nam Ninh Binh Hoa Binh University Arts Book travel Vietnam Visa Visa Pagoda Committee People's Committee Vinashin companies Hoa Phat HSBC ACB vietcombank vietinbank

10 projects earmarked for Cau Treo

Newer Articles

Older Articles

Sub Categories

Latest News

For Foreigners