Vietnam lured US$1.69 billion worth of foreign investment in the first month of 2023, down 19.8 percent year-on-year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
Ring Road No.2 of Ho Chi Minh City is critical in reducing the traffic pressure for the inner city. Sadly, after many years launching the construction project, there is still a section of 14km unable to finish owing mostly to a capital lack and trouble in land clearance.
Ho Chi Minh City People’s Committee yesterday held the meeting ‘Collecting Suggestions from Investors about Solutions for Socio-Economic Development of HCMC until 2030’, with the participation of the city leaders and 24 major businesses sited in HCMC.
Positive signs of investment inflows have been seen during meetings between National Assembly Chairman Vuong Dinh Hue and executives from many big European firms on the occasion of Hue's working visit to the European Parliament and a number of European countries from September 5-11.
The negative impacts of the Covid-19 pandemic have been heavily affecting enterprises, especially small and medium-sized enterprises (SMEs). Most SMEs are short of money to put into production and business. The credit growth of the banking industry in the first six months of this year was quite low, so banks are actively pushing capital into this segment.
As credit for real estate market has continued to be tightened, real estate companies have had to use other mobilization channels, including issuing bonds and looking for foreign investors so as to reduce dependence on banks.
According to the governmental decree No.15/2019, foreign-invested vocational colleges must have investment capital of VND100 billion ($4.3 billion) excluding land values.
Many streets in Hanoi this morning were flooded after heavy rains, resulting in traffic congestion while Hoa Binh Hydropower plant continued to open two floodgates to discharge water.
Thanh Cong Tourist Joint Stock company’s shareholders (VNG) approved its plan to issue 54million shares aiming to increase its chartered capital up to VND 797.2billion to VND 1,337billion.
Digital Worldplace Group (DWG) has just approved cooperative plan with B2X Care Solutions (Singapore) and Care Solutions GmbH (Germany) to establish B2X Vietnam Corp.
Ho Chi Minh City government needs a whopping VND500 trillion ($22 billion) for urban infrastructure investment by 2020 excluding removing houses on canals while the state budget just meet 31.8 percent of the demand, said People’s Committee Chairman Nguyen Thanh Phong at a meeting yesterday.
