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PRESS WATCH

March 22, 2017

Released at: 15:00, 22/03/2017 PRESS WATCH

March 22, 2017

VET's daily round-up of news from Vietnamese media for March 22.

1,000 enterprises may come to Vietnam during APEC meetings

Some 1,000 enterprises may come to Vietnam to attend a forum on trade and investment promotion and other events to be held during the Asia-Pacific Economic Cooperation (APEC) Week in central Da Nang city in November.


Export turnover continues to rise

As at March 15, export turnover had reached $4.51 billion this year, a year-on-year increase of 14.7 per cent. Export items to earn more than $100 million each included computers and electronic goods, machinery and equipment, garment and textiles, means of transport, footwear, rubber, wood and wooden products, and crude oil.


Vietnam attractive to investors

Cushman & Wakefield has reported that during the 2014-2016 period, total inward foreign direct investment (FDI) into Vietnam reached $66 billion, with the real estate sector attracting about 10 per cent, making the country an attractive destination for investors around the world.


Binh Duong attracts more foreign investors

Southern Binh Duong province issued investment certificates on March 22 to 21 projects with combined capital of $1.308 billion, including ten new foreign direct investment (FDI) projects and eight existing FDI projects adding capital. The province how has 2,892 FDI projects capitalized at $27 billion, ranking its second in terms of FDI attraction after Ho Chi Minh City.


India lifts suspension of Vietnamese agri imports

India has officially lifted its suspension on the import of six types of Vietnamese farm produce, including black pepper, cassava, cinnamon, and dragon fruit. The suspension was introduced on March 7.


Keppel Land acquires majority stake in Saigon Centre

The Singapore-based Keppel Land, through its subsidiary Krystal Investment Pte Ltd, has spent almost $37 million on acquiring an additional 16 per cent stake in Keppel Land WATCO I to V, thus increasing its aggregate interest in the joint venture companies developing the mixed-use Saigon Centre complex in Ho Chi Minh City from approximately 45.3 per cent to 53.5 per cent.


VAMC asks for five-fold increase in charter capital

The Vietnam Asset Management Company (VAMC) has proposed it raise its current charter capital from VND2 trillion ($86.85 million) to VND10 trillion ($434.23 million) by 2020. The increase is to enhance the company’s financial capacity to buy and sell bad debts at prevailing market prices.


Israel to help Vietnam build community centers

Vietnamese and Israeli enterprises signed an agreement on March 21 on establishing a series of community centers based on an Israeli-developed model. with the first being located in Hanoi. The agreement was signed in the presence of Israeli President Reuven Rivlin, who is on an official visit to Vietnam.

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