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Investment

Vietnam Unlikely to Attract $22B-$25B FDI This Year

Vietnam is unlikely to fulfill its target to attract between $22 billion and $25 billion in foreign direct investment (FDI) this year, given a 41.9% drop in ten-month FDI attraction at nearly $12.8 billion.

Foreign Investors Disburse $9B in Vietnam in Jan-Oct

Foreign investors are estimated to have disbursed $9 billion in Vietnam in the first ten months of this year, including $950 million in Oct and rising 7.1% from a year earlier, the Ministry of Planning and Investment (MPI) said.

Vietnam Firms Invest over $8B Abroad So Far: Ministry

Vietnamese companies invested over $8 billion in 500 projects in 52 countries and territories so far, the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment said.

Vietnam Expects More Japanese ODA: PM Dung

Vietnam expects to receive more Japanese official development assistance (ODA) for its infrastructure projects, Prime Minister Nguyen Tan Dung said at a recent reception to former Prime Minister Yukio Hatoyama in Hanoi.

Vietnam Firms to Survey Taiwan Market

A delegation of Vietnamese firms will make a trip to Taiwan from November 29 to December 4 to survey the Eastern Asian market and seek their partners, the Dien dan Doanh nghiep newspaper reported Wednesday.

FDI Inflow to HCM City Doubles to $1.6B in Jan-Oct

Ho Chi Minh City licensed 294 foreign direct investment (FDI) projects totaling $1.6 billion in the first ten months of this year, doubling the value of the last year’s same period.

Vietnam to Advance VND6.46T for Urgent Development Projects

Vietnamese Prime Minister Nguyen Tan Dung has issued a decision, allowing the Ministry of Planning and Investment to advance VND6.46 trillion ($331.28 million) worth of g-bonds for a number of projects which are slated for completion this year.

FIEs in Vietnam Report $1.9B Trade Deficit in Jan-Sept: Customs Dept

Foreign-invested enterprises (FIEs) in Vietnam incurred a trade deficit of $1.9 billion between Jan and Sept, the General Department of Customs said but giving no comparative figure.

U.K. Biz to Seek Business, Investment Opportunities in Vietnam

A business delegation from the U.K. will make a trip to Vietnam between November 28 and December 4 to seek business and investment opportunities, the Voice of Vietnam Radio said.

German Enterprises to Seek Partners in Vietnam

A number of companies from Germany’s eastern region will meet their Vietnamese partners in the next four days in Hanoi and Ho Chi Minh City to exchange opportunities for new business.

Vietnam President Expects More Spanish Investments

Vietnamese State President Nguyen Minh Triet expects more Spanish enterprises to boost investments in Vietnam in the coming years.

Vietnam Tax Official Admits Price Transfer by FIEs

Price transfer by foreign invested enterprises (FIEs) has been popular in Vietnam over years, causing headache to taxation authorities, Pham Duy Khuong, deputy general director of the General Department of Taxation said.

Saigon Hi-tech Park Attracts $1.84B So Far

Saigon Hi-tech Park (SHTP) in Ho Chi Minh City has licensed 44 domestic and foreign projects with a total registered pledged capital of $1.84 billion so far, the state-run Vietnam News Agency said Monday.

Vietnam Total Investments Likely at VND800T in 2010

Vietnam’s total investments for development projects are forecast to rise 12.9% on year to VND800 trillion ($41.02 billion) this year and account for 41% of the country’s gross domestic product (GDP) in 2010.

Vietnam, Switzerland Firms Boost Investment Cooperation

Around 100 companies from Vietnam and Switzerland gathered at a business forum in Vevey City on Oct. 22 to boost investment cooperation and seek more partners, the state-run Vietnam News Agency said.

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