Compared to the same period last year, the number of investment projects was 2.14 times higher, and the value of investment projects was 25 times higher. Currently, Binh Dinh is striving to complete the procedures and guidelines to create the best conditions for enterprises to implement projects soon. According to Binh Dinh Investment Promotion Center, the prospect of investment attraction in this province this year is extremely optimistic. Many domestic investment enterprises have been maintaining good production and business activities and gradually recovering to expand projects. Especially, foreign investors are still largely interested and have confidence in the province. By Ngoc Oai – Translated by Thanh Nha … [Read more...] about Binh Dinh attracts 15 projects with total investment of nearly VND24 trillion
Oneplus january 15 2019
VIETNAM BUSINESS NEWS MARCH 6
Danang calls for investment in 10 projects in next five years Tien Sa Port in Danang City. The city wants to call for investment in Lien Chieu Port and make the Tien Sa Port the cruise port Six of the projects have had their scales determined, with a combined investment capital of more than VND100 trillion, while the four remaining projects depend on proposals from investors. The project of building the city subway system will be the largest, with an amount up to VND54.5 trillion. The city wants to call for investment into this massive project under the Public - Private Partnership (PPP) mode. The system will follow two directions. One of them is on the East-West way, connecting the Nam O region in the Northwest, adjacent to Hai Van Pass, going through the downtown area to the An Hai Dong area (My Khe beach). Meanwhile, on the North-South way, the subway will start from the Son Tra Tinh Vien area (in Son Tra peninsula) to the vicinity of Danang airport. … [Read more...] about VIETNAM BUSINESS NEWS MARCH 6
Rice exports to see bright outlook this year
Loading rice for export at Sai Gon port (Photo: VNA) HCM City (VNA) - Increasing global demand , stable domestic production , and better rice quality count among the reasons Vietnam can be confident its rice exports will prosper again in 2021 and surpass the 3.1 billion USD in revenue posted in 2020, despite a significant decline in the first two months of this year. According to figures from Vietnam Customs , Vietnam earned 192 million USD from shipping nearly 348,000 tonnes of rice overseas in January, down 34.2 percent in value and 36.4 percent in volume against December and 2.4 percent and 15.4 percent, respectively, year-on-year. As the Lunar New Year (Tet) holiday fell in February, the month’s export turnover is expected to be down. Nguyen Van Don, Director of Tien Giang province’s Viet Hung Limited Company, said the beginning of the year is never the peak time for trade, as consumers have already purchased rice for the long holiday period at the end of … [Read more...] about Rice exports to see bright outlook this year
Iron and steel exports witness big leap
The nation exported a total of 1,568 million tonnes of iron and steel worth US$1.123 billion during the reviewed period, marking a sharp rise of 71.9% compared to last year’s corresponding period, according to data released by the General Department of Vietnam Customs. January saw Hoa Phat Group, the country's leading steel maker, export roughly 10,000 tonnes of galvanized sheet partners to Belgium and Spain, while it also shipped more than 12,000 tonnes of cold galvanized steel to the Americas in February. Along with construction steel, Hoa Phat Group has also ramped up its export of steel pipes, galvanized steel, and galvanized steel wire to foreign markets. Furthermore, Hoa Sen Group Joint Stock Company shipped high-value batches of galvanized steel sheet to the United States, Mexico, Europe, and Southeast Asia, with export volume exceeding 100,000 tonnes per month. Nghiem Xuan Da, chairman of the Vietnam Steel Association, said domestic steel consumption throughout the … [Read more...] about Iron and steel exports witness big leap
Equity investment in Vietnam reaches new peak
Vietnam reports most impressive growth in financial services regionally, particularly in the banking sector Global equity investment shed 13.1 per cent in the total number of transactions and plunged 33.8 per cent in total transaction value in the first half last year, compared to the corresponding period in 2019. Within the ASEAN-5 and Vietnam, equity transactions were slowing down last year compared to a robust 2019. The number of transactions dropped from 230 cases in the second half of 2019 to 200 cases in the first six months of 2020, meanwhile, the transaction value was curtailed by more than half, from $9.15 billion to just $4.3 billion. Amid chaos and uncertainties due to the coronavirus pandemic, Vietnam’s equity investment market has set a record with 59 transactions valued at $1.14 billion, a slight increase compared to 2019. Technology has maintained its growth momentum setting a five-year record in the number of transactions. Investments have channelled into … [Read more...] about Equity investment in Vietnam reaches new peak