The Hanoitimes – Vietnam is home to 32,539 valid foreign direct investment (FDI) projects with registered capital of a combined US$381 billion, of which US$233 billion has been fully disbursed. A report from the Ministry of Planning and Investment (MPI) outlining Vietnam’s strategy for foreign investment in the 2021 – 2030 period suggested only 5% foreign-invested […]
Read MoreThe Hanoitimes – The plant, considered one of the most important projects of Hyundai, is invested with an estimated VND3.2 trillion (US$137.44 million) and able to produce 100,000 vehicles per year. TC Motor, a joint venture of Vietnam’s Thanh Cong Group and South Korea’s Hyundai Motor, on September 20 held the ground breaking ceremony for the […]
Read MoreThe Hanoitimes – Samsung plays a significant role in promoting the Vietnam – South Korea relations and the development of Vietnam’s manufacturing sector, stated Deputy Prime Minister Trinh Dinh Dung. Samsung Electronics Vietnam on September 21 signed a memorandum of understanding (MOU) with the Ministry of Industry and Trade and the Bac Ninh Provincial People’s Committee […]
Read MoreThe Hanoitimes – These projects are expected to create 22,500 direct jobs and manufacture products that are supplied to Microsoft, Sony, Lenovo and Apple. Taiwan-based Pegatron, manufacturing partner of the world’s major tech firms such as Microsoft, Apple or Sony, has plans to invest US$1 billion to build a manufacturing complex at Nam Dinh Vu industrial […]
Read MoreThe Hanoitimes – National Power Development Plan VIII should be open, creating a space to mobilize and promote resources from enterpries. The eight version of National Power Development Plan, or PDP VIII for short, will encourage private sector investment in the energy sector to feed Vietnam’s demand in the next decade. The Electricity and Renewable Energy Department […]
Read MoreLocal banks have continued slashing deposit rates to as low as 2.5% per annum, in tandem with the Government’s principle of lowering lending rates to support borrowers. Techcombank has reduced deposit rates in dong by 0.1 to 0.4 percentage points compared with earlier this month, with those for the one-month term ranging from 2.55% to […]
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