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Deep C Industrial Zones lie in the heart of the Red River Delta highways and a modern deep seaport system The seminar followed recent major infrastructure developments in the northern city of Haiphong involving intermodal transport (seaway, airway, road, waterway, and railway) that are game changers for foreign direct investment attraction and economic growth of both Haiphong and the northern region. Haiphong is home to the biggest deep sea port in northern Vietnam, Haiphong International Gateway Port or Lach Huyen Deep Sea Port. Haiphong International Container Terminal, a joint venture between local company Saigon Tan Cang Port and its partners–Mitsui OSK Lines, Wan Hai Lines, and Itochu Corporation–will develop the first two container berths. With a draft of 14 metres, vessels with a capacity of 14,000 twenty-foot equivalent units (TEU) will be able to make calls at Haiphong, which is a significant improvement compared to the existing 2,000 TEU port. Once put into use … [Read more...] about Haiphong as epicentre of investment in north Vietnam

Encouraging investment in infrastructure in the form of public-private-partnership (PPP) is necessary to tap into domestic and foreign capital sources and technology, said Deputy Minister of Planning and Investment Vu Dai Thang. Thang cited an estimate by the Asian Development Bank (ADB) that Vietnam needs about US$16-17 billion for infrastructure investment between 2015 and 2025. The figure was forecast to be US$17.2 billion by the Hong Kong – Shanghai Banking Corporation (HSBC). However, the State budget for public investment is limited, hence the need to mobilise investment from other economic sectors, Thang said. He noted that the Ministry of Planning and Investment had made several efforts to promote PPP investment in the forms of some Decrees, such as the government’s Decree No.15/2015/ND-CP dated February 14, 2015 on PPP investment and Decree No.30/2015/ND-CP dated March 17, 2015 stipulating the execution of some articles in the Law on Bidding about the selection … [Read more...] about PPP infrastructure investment should be promoted: official

Tien Giang Province aims to incorporate another 730 businesses this year, with a total registered capital of nearly VNĐ3.2 trillion (US$140.8 million). Tien Giang Province aims to incorporate another 730 businesses this year, with a total registered capital of nearly VNĐ3.2 trillion (US$140.8 million). - illustration photo, source: internet Le Van Nghia, deputy chairman of the province People’s Committee, said attracting investment and local business development are crucial steps to socio-economic growth. So far this year, 180 new businesses with more than VNĐ1.11 trillion ($49 million) in capital have been set up, surging 14.2 per cent and 27.1 per cent, respectively,from the same period last year. The province has also attracted five projects in local industrial parks, including three foreign-invested ones, worth a total VNĐ483 billion. According to the provincial People’s Committee, Tien Giang has effectively implemented the Party Central … [Read more...] about Tien Giang to improve business climate, attract investment

The Cuu Long (Mekong) Delta province of Kien Giang aims to mobilise VND215 trillion (US$ 9.5 billion) for socio-economic development by 2020 and VND 1,000 trillion (US$ 45 billion) by 2030. Tourists on Phu Quoc Island, southern Kien Giang Province. The province is striving to hit 10 million tourists by 2020.-VNA/VNS Photo Le Huy Hai The adjusted target was recently approved by the PM as part of a master plan to 2020 and towards 2030 for the province. Pham Vu Hong, chairman of the province’s People’s Committee, said that Kien Giang targeted becoming a well-developed locality and a transportation and tourism service destination in the Mekong Delta, and a development hub of the southern key economic region. As part of the target, Kien Giang will adjust and improve the quality of its planning activities and its master plans and plans for specific sectors such as tourism, agriculture, aquaculture and industry. It will also create favourable conditions for enterprises … [Read more...] about Kien Giang eyes large investment

The central city of Da Nang has been compiling simplified investment procedures to support European businesses with more transparency and a reduction in informal charges. A ship is built at Da Nang-based Song Thu Ship-yard building Corporation. Ship-building is one of hi-tech industries that the city want to lure more investment from EU. - VNS Photo Cong Thanh Speaking at the Whitebook Briefing 2018 between representatives of EuroCham, European businesses and the city’s leadership on June 14, deputy director of the city’s Investment Promotion Agency Huynh Thi Lien Phuong said new procedures would be introduced later this year, helping European investors to obtain investment licenses, clear land and understand tax and customs regulations. She said Da Nang had been working hard on administrative reform while it promoted 2018 as The Year of Investment Attraction. Phuong said the city would offer co-operative opportunities to European partners and local colleges to … [Read more...] about Da Nang seeks EU investment