October 8, 2011
A new bright era is on the horizon for the industrial sector in Vietnam as the country’s effort to attract hi-tech foreign investment has taken off, according to consulting firm CB Richard Ellis (CBRE). Vietnam is moving away from traditional focus areas of industrial production such as machinery, textiles, food processing, coffee and rice [...]
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July 15, 2011
As inflation slows and liquidity improves, the high dong deposit rates offered by commercial banks could fall slightly in the coming months, Nguyen Thi Mui, a member of the National Advisory Council for Financial and Monetary Policies, tells Thanh Nien Weekly. Thanh Nien Weekly: Firms say that interest rates are too high now at [...]
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April 4, 2011
President of First Solar Bruce Sohn (L) presents the company’s products to Ho Chi Minh City’s officials Vietnam has taken yet another step toward generating renewable energy. Last week, First Solar, Inc., one of the world’s top solar-panel makers, broke ground on a photovoltaic module manufacturing plant in Ho Chi Minh City. The US$300 million [...]
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January 29, 2010
LookAtVietnam – Vietnam’s mechanics industry has not made any measureable progress and has been compared by experts to the son that never grew up. Industry behind The business began in 1991 with just a machine producing instant noodles and now Lituda manufactures a wide range of products, including about 100 different machinery parts and accessories. Lituda Director [...]
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October 20, 2009
LookAtVietnam – The Veterinary Agency’s office in HCM City has stopped a number of shipments of American chicken on suspicion that it’s been refused entry to other countries. The papers accompanying some recent shipments of meat to Vietnam say that their destination is Russia and China, but these have somehow reached our ports. That’s not [...]
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August 23, 2009
The glut of steel-making projects is a downside to decentralisation LookAtVietnam – Vietnam’s foreign direct investment management decentralisation policy has contributed to the attraction of a greater FDI inflow into the country since it took effect in 2007. However, a dearth of master plans and capable local authorities is putting the policy under the question [...]
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August 9, 2009
Shoppers browse through a display of discounted shoes at a shopping mall in Singapore. Singaporeâs economy is recovering after contracting 6.5 percent in the first half of 2009 from a year earlier, Prime Minister Lee Hsien Loong said. âWe are now in a stronger position,â Lee said in a televised National Day message Saturday. The [...]
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August 7, 2009
VietNamNet Bridge – A former planning minister comments on the foreign direct investment situation, including the collapse of ballyhooed projects. Former Minister of Planning and Investment Tran Xuan Gia Dr. Tran Xuan Gia: What we need [to see] is not the amount of registered capital, but how paid-in capital has been absorbed by our national [...]
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August 6, 2009
Global computer maker Hewlett Packard (HP) and contract manufacturer of electronic products, Foxconn International Holdings plan to jointly invest $3 billion to build a manufacturing plant for laptops in Chongqing, the fifth major investment of HP’s in this southwestern Chinese city in the past three years. The new plant will be able to produce 20 [...]
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August 4, 2009
Manufacturing shrank less than forecast, and construction spending unexpectedly rose, as overseas demand and the Obama administrationâs stimulus helps resuscitate US factories from their worst slump in 28 years. The Institute for Supply Managementâs factory gauge rose to an 11-month high of 48.9 in July, according to the Tempe, Arizona-based group. Readings below 50 signal [...]
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