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Update news FDI
The race for licenses for casino projects, which stopped short because of arguments about whether to allow Vietnamese to enter casinos, has kicked off again .
The Ministry of Labour, Invalids, and Social Affairs has once again rejected the international business community’s proposals to extend factory workers’ overtime cap.
VietNamNet Bridge - The US is moving a great deal of outward investment to Vietnam. The US Intel Group, for example, plans to relocate its production line worth $1 billion from Costa Rica to Vietnam.
VietNamNet Bridge - Major US investors are following through on their previous statements about relocating their production bases.
Last year when Samsung Electronics announced plans to create a new US$3bn smartphone factory in the north-eastern province of Thai Nguyen, close to the capital city of Hanoi, many industry insiders were ecstatic.
VietNamNet Bridge - While the Long Thanh International Airport project is still under discussion at the National Assembly, foreign investors have flocked to Dong Nai province to seek business opportunities.
VietNamNet Bridge – While economists bemoan the fall off in large-scale foreign invested projects so far this year, there is cause for optimism as Vietnam has seen a wave of small-scale foreign invested projects in electronics supporting industries.
VietNamNet Bridge – Along with a remarkable rebound, the country’s real estate sector continues to enjoy foreign direct investment (FDI) flows.
Vietnam gives big incentives for FDI enterprises with the expectation that they will perform technology transfer in the country, but the fact is that only 20% of foreign firms were engaged in technology transfer in the past 5 years.
VietNamNet Bridge – The local agricultural sector has set targets of attracting US$4.5 billion in foreign direct investment (FDI) by 2020 and US$6 billion by 2030,
VietNamNet Bridge - Taxation bodies are expected to examine the behavior of foreign-invested enterprises suspected of conducting transfer pricing, without fuss. However, most of the works have never been made public.
VietNamNet Bridge – Standard Chartered Bank has said Vietnam is emerging as the most preferred destination for companies planning to move production out of China.
VietNamNet Bridge - Vietnamese trading companies are being eyed by many Japanese investors who are planning to join the domestic market.
VietNamNet Bridge - Many real estate billionaires around the world have, directly or indirectly, invested in Vietnam since 2006.
VietNamNet Bridge - Foreign real estate service providers often enter Vietnam with noisy PR campaigns, but then leave quietly.
VietNamNet Bridge - Hanoi, the capital city, is believed to be favored over other localities, but lags far behind them in the provincial competitiveness index.
When Dongbacshin fulfills the contract on building a 56,200-ton ship, Vietnam will be able to prove it can build big-tonnage vessels and list itself among the largest shipbuilders in the world.
It is natural that Vietnam, the second largest South East Asian market, has drawn the attention of investors from China, Hong Kong, Taiwan and Macau.
Industrial zone (IZ) development is expected to be one of the three most profitable real estate segments this year.
VietNamNet Bridge - The Dung Quat Oil Refinery has shouted for help, saying it will not be able to sell its products and might have to shut down because of the new import tax policy in 2015. Will it be rescued?