MPI

Update news MPI

Delayed FDI projects wasteful for national economy

VietNamNet Bridge - Hundreds of billions of dollars worth of capital have been ‘buried’ under projects registered by foreign investors but have not been implemented. 

Who will be the buyers of SOE shares?

VietNamNet Bridge - Most state-owned enterprises (SOEs) operate in the pivotal business fields of the national economy. Therefore, experts say, Vietnam needs to be careful when choosing new owners for the enterprises.

Multinational conglomerates bring satellite businesses to Vietnam

VietNamNet Bridge - Large-scale projects invested in by multinational conglomerates have become magnets attracting other foreign direct investors to Vietnam.

Newly released figures on public debt are ‘more reliable’, economists say

VietNamNet Bridge - The public debt for 2014 was 64.4 percent of GDP, not 59.9 per cent, as previously reported, according to a newly released report by the Ministry of Planning Investment (MPI). Economists say it is a more accurate figure.

There is no evidence of Coca-Cola transfer pricing: Minister

VietNamNet Bridge - Minister of Planning and Investment Bui Quang Vinh has disagreed with the opinion that Coca-Cola has been conducting transfer pricing in Vietnam, affirming that the soft drink manufacturer is innocent until proven guilty.

Taking a loss like Coca Cola

VietNamNet Bridge - In February 1994, Coca Cola began doing business in Vietnam after the US lifted the trade embargo against Vietnam, with initial investment capital of $163 million. Since then, the soft drink manufacturer has never made a profit.

Recalculation shows Vietnam’s public debt at 66.4% of GDP

The Ministry of Planning and Investment (MPI), after a recalculation, has announced that Vietnam’s public debt in 2014 was equal to 66.4 percent of GDP, or 6.5 percent higher than the 59.9 percent rate made public before. 

Vietnam tops lists of ideal investment destinations

VietNamNet Bridge - Surveys from several organizations have all concluded that Vietnam is among the most attractive destinations for investors.

MPI aims to eliminate costly development plans, but faces challenges

MPI has shown its strong determination to eliminate 19,285 unnecessary and costly development plans. 

Businesses concerned about import/export examinations

VietNamNet Bridge - Businesses have complained about time-consuming examinations of imports and exports by government agencies, claiming that they take up 30 percent of total 25 work items that businesses must fulfill.

Formosa sets its own rules in Vung Ang EZ

VietNamNet Bridge - Formosa Ha Tinh, a Taiwanese-invested enterprise in Vung Ang Economic Zone (EZ), has equipped its security guards with speed guns and told them to fine speeding drivers in its project area.

Still no Apple store in Vietnam

VietNamNet Bridge - The number of shops trading Apple imports through official and unofficial channels has mushroomed in Vietnam. However, no Apple store has opened in Vietnam.

Four concerns about Vietnam’s economy for second half of 2015

Unsatisfactory farm produce exports, low inflation rate, and low effects of foreign direct investment (FDI) to the national economy and slow state-owned equitization have been cited as the most serious problems facing the national economy in H2.

Businesses are disappointed about promised reform

VietNamNet Bridge - Tens of thousands of businesses have become disillusioned about the breakthrough they expected the 2014 Enterprise Law would bring. At the same time, business registration agencies have become overloaded.

Troubled FDI projects put Vietnam in dilemma

VietNamNet Bridge - Problems faced by some foreign direct investment (FDI) projects have placed Vietnam in a vulnerable position, but authorities are finding it difficult to revoke the projects’ licenses.

Minister cautiously optimistic about GDP’s 5-year high

Vietnam’s GDP in the first six months of the year reached a 5-year high, and inflation stood at a 10-year low. 

US makes heavy investments in Vietnam; what will Vietnam do?

VietNamNet Bridge - It is clear that the US has been increasing its investments in Vietnam and that Vietnam needs to grab the great opportunities brought by the capital flow.

Vietnam pays heavy price in attracting FDI

VietNamNet Bridge - Some foreign investors come to Vietnam not because they want to expand their business, but because they find the country a good place to commit trade fraud.

Construction Ministry proposes use of ODA capital for social housing projects

VietNamNet Bridge - The Ministry of Construction (MOC) has proposed using preferential loans from official development assistance (ODA) to build social housing projects.

US investors march toward Vietnam as more companies relocate factories

VietNamNet Bridge - Major US investors are following through on their previous statements about relocating their production bases.