13-03-2006 17:40
Vietnam’s largest billet factory, in Dung Quat Economic Zone, has moved a step closer to becoming reality with its sole investor, Taiwan’s Tycoons Worldwide Group, recently submitting an application for an investment licence.
06-03-2006 17:40
Korean investors are flocking to Ha Tay province with the desire to turn it into a land of golf courses, considering the province’s scenic landscape and proximity to Hanoi as big advantages.
27-02-2006 17:40
Labour experts fear that the local labour force may lose positions and pay to foreign workers as the country’s service sector opens up following the country’s deepened economic integration.
20-02-2006 18:01
US real estate company Kenmark has unveiled a plan to build a $300 million hospital in the north of Vietnam to furnish its developing industrial park and housing complex in the region.
06-02-2006 18:01
South Korea’s leading retailer, Lotte Shopping, is looking to open a chain of wholesale and retail super-stores in Ho Chi Minh City, Vietnam’s commercial hub, kicking off competition with domestic operators in the sector.
09-01-2006 17:40
Prime Minister Phan Van Khai, last week, decided to raise the minimum monthly salary of employees at foreign invested enterprises by 40 per cent as part of a move to send thousands of striking workers back to their factories and prevent further losses to foreign employers in the south.
19-12-2005 18:01
Vietnam’s significant economic growth and improved investment climate have resulted in an impressive 25 per cent increase on last year’s foreign direct investment figure.
22-11-2005 18:01
A lack of skilled Vietnamese workers is delaying government efforts to turn Vietnam into an industrialised and modernised nation by 2020, according to officials from the Ministry of Labour, War Invalids and Social Affairs (Molisa).
10-10-2005 17:40
Leading US power company AES and state-owned Vietnam Coal Corporation (Vinacoal) have unveiled plans to jointly build the $1 billion Mong Duong 2 thermal power plant in Quang Ninh province, the country’s richest coal region.
27-09-2005 18:01
Foreign investor concerns are growing over the possible loss of Vietnam’s cheap labour market after the government agency in charge of labour issues announced plans to raise the minimum wage paid to local workers at foreign invested enterprises by 20-26 per cent early next year.
12-09-2005 17:40
Sustained economic growth has propelled Vietnam’s human development ranking to 108 of 177 nations, from 112 in 2004, according to the United Nations Development Programme’s (UNDP) 2005 Human Development Report (HDR), released last week.
22-08-2005 17:41
Southern Phu Yen province is anticipating a consortium of foreign investors to build a mammoth $1.1-billion pulp producing factory that would kick-start the poor local economy.
04-05-2005 18:02
Steel supplier Thep Viet Company is planning to spend $65 million on a 400,000-tonne billet-making factory in the southern province of Ba Ria-Vung Tau in an effort to reduce its reliance on foreign product.
04-04-2005 17:41
Vietnam granted its first licence to establish a wholly foreign shipping firm as part of the country’s bid to liberalise its service sector before it can join the World Trade Organisation.
14-03-2005 18:02
Foreign investors are reluctant to build new power plants fueled by cane bagasse – the pulp left over after sugar has been extracted from sugarcane – because of shortages of the crop throughout Vietnam.