Vietnam Business Finance (Free subscription) | 07/25/2008
The Ministry of Planning and Investment's Foreign Investment Agency has set up three working groups to assist provincial authorities in clearing hurdles for foreign-invested projects in a bid to prop up disbursements. Agency head Phan Huu Thang told the Daily on Wednesday the working groups would be dispatched to provinces early next month to look into the implementation of foreign direct
Vietnam Business Finance (Free subscription) | 07/25/2008
Director of the Planning and Investment Ministry’s Foreign Investment Agency Phan Huu Thang opines foreign investors see Viet Nam’s long-term economic prospects despite the short-term difficulties, including soaring inflation.Consumer prices – as reported by Viet Nam’s General Statistics Office – soared 26.8 per cent in June against a year ago."The increase in FDI is very positive because it...
Vietnam Business Finance (Free subscription) | 07/21/2008
The Ministry of Planning and Investment is to hold regular open talks with foreign investors to accelerate foreign direct investment inflows. Phan Huu Thang, chief of the Ministry of Planning and Investment’s (MPI) Foreign Investment Agency, said the ministry was drawing up plans for the first dialogue in a couple of months. “These dialogues are not really new. The bi-annual Viet Nam Business...
Vietnam Business Finance (Free subscription) | 07/14/2008
The Vietnamese Ministry of Planning and Investment (MPI) is to hold regular open talks with foreign investors to accelerate foreign director investment disbursement, the Viet Nam Investment Review reported here Monday. Phan Huu Thang, chief of the MPI Foreign Investment Agency said the need for opening regular dialogues came from a substantial gap between Vietnam's foreign director investment...
Vietnam Business Finance (Free subscription) | 07/11/2008
Viet Nam is expected to receive newly pledged foreign investment of $40 billion this year, which would be twice that of last year, state media reported Friday, citing a government official. So far this year, the country has issued licenses to foreign-directed investment projects valued at $35 billion, meeting the target for 2008, Viet Nam News Agency quoted Director Phan Huu Thang of the
Vietnam Business Finance (Free subscription) | 07/10/2008
... and personnel training and supply.Director of the MPI’s Foreign Investment Department Phan Huu Thang said that Viet Nam is working hard in preparation for the third phase of the Vietnam-Japan Joint Initiative. He said with joint efforts, hindrances to the investment environment will be removed to create favourable conditions for investors in general and Japanese businesses in particular...
Vietnam Business Finance (Free subscription) | 07/15/2008
According to the reports, the amount of FDI released by the localities has reached US$ 5 billion and the figure could be US$ 8 billion by the end of 2008.However, a series of other localities have not sent their reports. These include Ho Chi Minh City, Dong Nai and Binh Duong, which attract the largest amount of FDI in the country, according to Phan Huu Thang, Chief of the Foreign Investment...
Vietnam Business Finance (Free subscription) | 06/30/2008
This week the HCM City People’s Committee is expected to license a massive urban project by Berjaya Malaysia’s Land Berhad. The property developer will pour US$3.5 billion into the 880-ha Viet Nam International University Township in Cu Chi District. This is set to give a strong boost to the prediction by Phan Huu Thang, head of the Foreign Investment Agency, that FDI is likely to outpace the...
Vietnam Business Finance (Free subscription) | 06/30/2008
... 64.7 million per project, the highest to date.Head of the Department of Foreign Investment Phan Huu Thang said that a total registered FDI capital of US$31.6 billion manifested foreign investors' confidence in business and investment environment in Vietnam. They have not paid attention to immediate difficulties that Vietnam are facing with, rather they have paid attention to medium and long-term...
Vietnam Business Finance (Free subscription) | 06/26/2008
Viet Nam is expected to attract US$35 billion foreign direct investment this year, Phan Huu Thang, head of the Foreign Investment Department of the Ministry of Planning an d Investment said yesterday. He said foreign direct investment (FDI) in Viet Nam for the first half of the year amounted to US$31.6 billion, a 3.7-fold increase compared with the same period last year — a sign that confidence...
Vietnam Business Finance (Free subscription) | 06/23/2008
... but also confirmed the number is very small.Head of the ministry's Foreign Investment Agency Phan Huu Thang also confirmed the information with the Daily on the phone Wednesday, but he declined to tell the number.On July 1, 2006, the Enterprise Law and Investment Law took effect. Along with the laws is Decree 101, which says that all foreign-invested companies licensed before July I, 2006...
Vietnam Business Finance (Free subscription) | 06/17/2008
Despite Viet Nam’s problems with high inflation and a slowing economy, foreign capital is still flowing into the country, the Ministry of Planning and Investment said. Foreign direct investment (FDI) in the first five months of this year reached US$14.7 billion, 2.6 times higher than last year. Phan Huu Thang, head of the ministry’s Foreign Investment Department, said around $23 billion is
