Foreign invested enterprises have contributed positively to the growth of Da Nang's industrial area, said the city's Investment Promotion Centre director Lam Quang Minh.
The Public Private Partnership (PPP) model should help provide a significant resource of capital for infrastructure development in Vietnam, said Deputy Prime Minister Hoang Trung Hai.
Vietnam needs to import 2.34 million tonnes of fertiliser of various kinds this year to serve agriculture, nearly 560,000 tonnes less than last year’s figure, according to the Ministry of Industry and Trade.
As of early 2012, the Dung Quat Industrial Zone (IZ) has granted licenses to 111 projects with total registered capital of $8 billion, of which $4.8 billion has been disbursed.
The purchasing division of LotteMart Vietnam, the owner of a chain of supermarkets, is preparing to offer Vietnamese goods for sale at 122 foreign overseas supermarkets, including 94 in China and 28 others in Indonesia.
As Vietnam continues to open up its insurance market further, allowing foreign non-life insurance companies to set up branches in the country, domestic firms will have to improve their act to cope with stronger competition, industry insiders say.
The value of Vietnam’s agroforestry and fisheries exports is estimated at 1.8 billion USD in January, a year-on-year drop of 16.3 percent, said the Ministry of Agriculture and Rural Development.
Japan's Shin-Etsu Chemical Co will set up two companies specialising in manufacturing silicone-based materials for high-brightness LED lights, and refining rare earth minerals, with a total investment of 5 billion JPY (roughly 64 million USD).