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Vietnam is expecting a wave of Indian investment after the meeting between Prime Minister Nguyen Xuan Phuc and representatives of Indian firms in the framework of the ASEAN-India Senior Officials’ Meeting (SOM).
Special economic zones (SEZs) seem to be ready to launch after 20 years of waiting for the completion of the draft Law on Special Economic Zones. Meanwhile, consideration and appraisal have been carried out quickly to approve SEZ projects.
Large-scale Japanese business Sojitz Corporation expressed intentions to co-operate with Song Hong Investment Construction Trading JSC to implement the relocation of Vung Tau Airport to Go Gang Island located in Long Son commune, Ba Ria-Vung Tau province.
Foreign direct investment (FDI) attraction in the first 11 months this year has exceeded forecasts by hitting $33 billion, up over 82 per cent compared to the same period last year. This figure comes from the impressive surge of Japanese investment and the positive impacts of the APEC event in the central city of Danang in early November.
Bank for Investment and Development of Vietnam (BIDV) today announced for the second time putting Viet Hoa-Kenmark Industrial Zone (IZ) on sale via an auction, with the initial price of VND830 billion ($36.6 million).
Hosting the Asia-Pacific Economic Cooperation (APEC) Leaders’ Week, especially the APEC CEO Summit 2017 with the participation of a series of CEOs of the world’s leading group, is expected to open a new age in attracting foreign direct investment (FDI) capital from APEC economies.
In the ten months of this year so far, Vietnam reported record high foreign investment inflows, with $28 billion coming in, primarily from APEC economies. The figure is expected to increase to $30 billion by the end of the year.
Numerous domestic and foreign investors have expressed their ambition to take over the golden land plot of the unfinished Vung Tau-Paradise project.
By the end of 2017, Vietnam will see soaring foreign investment capital, reaching $28 billion with an expected record in disbursed FDI capital of $17 billion.
Along with investing $17 billion in high-tech complexes in Thai Nguyen and Bac Ninh provinces, Samsung plans to encroach on other sectors in Vietnam.