HoChiMinh City-Magnet to Attract Foreign Investors, Vietnam Investment News
Vietnam Business » Vietnam Investment News » HoChiMinh City-Magnet to Attract Foreign Investors
Ho Chi Minh City People’s Committee on June 27 held a meeting to review achievements in foreign direct investment (FDI) attraction for 20 years to honour organisations and individuals with positive achievements in FDI attraction. The Law on Foreign taking effect in Vietnam in 1987 boosted FDI wave into Ho Chi Minh City.
Since 1987, the city has always been the most attractive destinations in Vietnam to foreign investors. FDI has played a key role in the city’s areas of industrial and services sectors. To date, the city is now home to 3,141 valid FDI projects totaling US$25.68 billion. The services sector account for the highest rate, focusing on the real estate sector with 792 projects valued at US$7.2 billion and other services with 952 projects worth US$11 billion. The FDI investors’ participation in urban area, high-rise building, hotels, trade centres, supermarkets and health centres have helped meet the city’s increasing demand for socio-economic development and also encourage more investors to do business in the city. In terms of the industrial sector, the FDI sector has great contributions to the city’s export turnover via processed products and the appearance of industrial parks and export processing zones which lure skilled workers.
Vietnam Business And Financial News Network. Source [vcci]
Vietnam profit growth nearly 70 percents
The earning per share (EPS) of the market is estimated to rise 58.4% this year, higher than 53% in 2007 and -39.8% in 2008. The P/E ratio will stand at
An upmarket office tower to take shape in Hanoi
The Housing and Urban Developmennt Corporation (HUD) on March 21 began construction of a high-class Office Block (HUD Tower) in Thanh Xuan district, Hanoi with a total investment capital of
Gold association wants import restrictions lifted
The Vietnam Gold Business Association will request the government to remove restrictions on gold imports so that they are determined by local supply and demand, an official said. Gold should
Vietnam to Receive More Overseas Remittance This Year
Local financial experts and bankers shared a common consensus that Vietnam will receive a higher level of overseas remittance this year than the last year. Financial experts and bankers all
Optimism and caution at Vietnam investment summit
The Vietnamese Investment Summit 2010, which ended on Wednesday in Ho Chi Minh City, focused on the countrys economic strengths-providing potential investors and business people with a forum for discussion,
Manpower export: long-term vision a need
ASEAN economies are resuming very strongly, especially in Thailand, Singapore and Malaysia. This is very impressive because six months ago, nobody had that hope. Now it is important to maintain
Low-cost apartments selling slowly
Most of real estate developers now have shifted to developing low-cost apartment projects, because they believe that low-cost apartments will sell better than high-end apartments. Analysts also said that the
Opens the way for the growth of drug production in Vietnam
Domestic and foreign investors for the production of drugs call opens the way for the growth of drug production in Vietnam. The Ministry of Health (MoH) is calling for domestic