Jakarta (VNA) – The Indonesian Government will introduce a special agency whose main task is to deal with foreign and domestic investment in the new capital city in East Kalimantan province. Speaking after a cabinet meeting on February 26, National Development Planning Minister Suharso Monoarfa said the new agency will have powerful authority to license potential investors without the consent of the existing Investment Coordinating Board (BKPM). He noted that investors from the Republic of Korea, Japan, Spain, the US and Germany have expressed interests in taking part in the construction of the new capital city. However, no deal has been made because the government is still working on selecting projects that need foreign investment and determining the financing schemes. Chief investment minister Luhut Binsar Pandjaitan said the new agency will be led by an official of the ministerial level, and President Joko Widodo is currently selecting candidates. Suharso said the … [Read more...] about Indonesia sets up agency to handle investment in new capital
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Havana (VNA) – Cuban President Miguel Diaz-Canel has promised to provide all possible favourable conditions for Vietnamese investors while touring a ceremic floor tile plant in Cuba. The SAVING factory is a joint venture between Vietnam’s glass and construction ceramic producer Viglacera and Prodimat Company of Cuba in Santa Cruz, Mayabeque, about 60 km to the east of Havana. It was put into operation since the beginning of this year, capable of producing around 7,000 sq.m of ceramic tiles per day. The capacity is expected to reach 3 million sq.m a year. SAVING plans to start construction of another wall tile plant next year with a designed annual output of 3 million sq.m. The Cuban leader said SAVING plays a crucial role in Cuba’s production expansion strategy as an effort to reduce imports of necessity goods. He asked the joint venture to diversify its products to meet increasing demand in the Cuban market and emphasised that the firm should improve measures … [Read more...] about Cuban President vows best conditions for Vietnamese investors
The office aims to share knowledge with companies in Viet Nam on data management, how to comply with data security and management regulations, as well as how to use changes in overall data management to implement and realise business profits more effectively. … [Read more...] about TIBCO Software opens office in Ha Noi
-- A muscle beach competition is scheduled to be held for both local and international contestants in Phan Thiet, a beach town in south-central Vietnam, in April, according to information announced at an introduction ceremony in Ho Chi Minh City on Wednesday. … [Read more...] about Breakfast @ Tuoi Tre News – February 28
Vietnam export growth brings risk of charge of currency manipulation Increasing exports to the US, Vietnam is a step closer to the risk of alleged monetary manipulation as US President Trump tries to reach a trade agreement with China at a negotiation round this October. … [Read more...] about What if the US no longer considers Vietnam a ‘developing country’?