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Multi-billion dollar projects, approved in 'red-carpet' period, lose licenses
After joining WTO, Vietnam laid the red carpet out to welcome foreign investors with huge investment projects worth billions of dollars. But some of these projects never started or have lost licenses. Ca Na was one of the projects in the ‘FDI golden age’ when ...
AMM49 voices concern about recent complicated situation in East Sea
The 49th ASEAN Foreign Ministers’ Meeting took place in Laos’s capital city of Vientiane on July 24 with the participation of 10 Foreign Ministers from ASEAN member countries and the ASEAN Secretary General. The Vietnamese delegation to the meeting was led by Deputy Prime Minister and ...
Vietnam expected to export dairy products to China
Chinese agencies have said they are considering opening the market to Vietnam dairy exports through official channels. Domestic sources reported that in the talks with the Chinese General Administration of Quality Supervision, Inspection and Quarantine, the Vietnamese Minister of Industry and Trade Tran Tuan Anh requested ...
Vietnam warned it may yield to Myanmar in exporting rice
Myanmar has jumped into large markets, getting ready to become the No 1 in the world in rice exports, according to Vo Tong Xuan, the leading rice expert. According to Xuan, Myanmar has great advantages in growing rice. Its land area is three times larger than ...
Concerns raised over a new super state agency
Instead of speeding up the equitisation process, Vietnam’s Ministry of Planning and Investment has stirred up controversy with proposal to set up another unit to supervise and manage state capital and assets in state-owned corporations. This super unit will directly manage the capital at 30 state-owned corporations ...
More IPOs in oil and gas industry planned this year
There would be more auctions of shares from oil and gas companies in the second half of 2016 under the directives of the government on equitisation of state-owned firms. On July 15, Deputy Prime Minister Trinh Dinh Dung told the first half meeting of the PetroVietnam ...
Will Vietnam restructure the central bank?
For the last ten years, the State Bank of Vietnam has said it would restructure its operations. The government has instructed SBV to continue the plan on restructuring the banking system in 2016-2020. But the restructuring has not been implemented, though SBV once drew up a ...
Quang Ninh seaport and industrial complex awaits license
The Ministry of Planning and Investment has proposed the prime minister to approve the investment plan of the $311.9 million seaport and industrial park complex invested by a consortium of three foreign investors in Quang Yen town of the northern province of Quang Ninh, Vietnam. According ...
Foreign garment, textile tech companies bank on Vietnam
Foreign companies providing technology solutions for textile, garment, and footwear production have been increasingly active in Vietnam, taking advantage of the expected growth of the industry. On July 7, French company Lectra announced the opening of its subsidiary Lectra Vietnam. “Vietnam is one of the most dynamic ...
Foreign partners rush to take over technology product distribution chains
New powers have appeared in the home appliance & digital product market after merger and acquisition (M&A) deals, creating new alliances. Dang Chuong Linh from the Trade Institute commented that M&A activities have been developing rapidly in both the number and scale. A report showed that 525 ...
