Investing

Hanoi (VNS/VNA) - Public investment will focus on key national projects with important roles in enhancing regional links and creating new drivers and room for economic growth, Minister of Planning and Investment Nguyen Chi Dung has said. Last year saw the highest public investment disbursement rate in 2016-2020 as the Government identified public investment as a major driver for growth in the context of the COVID-19 pandemic. The Ministry of Planning and Investment estimated the public investment disbursement rate would reach more than 90 percent of the plan as of the end January 31 (the deadline for disbursement of 2020 public investment), compared to 73.3 percent of 2017, 66.8 percent of 2018 and 67.46 percent of 2019. There were 17 ministries, central-level agencies and 17 localities with disbursement rates of more than 80 percent as of December 31, 2020. However, 13 ministries and central-level agencies and five localities had disbursement rates below 60 percent. … [Read more...] about Public investment will focus on key projects: Minister

Hanoi (VNA) – Ho Chi Minh City has been ranked fifth as Asia Pacific investors’ most preferred market for investments by CBRE Group, Inc. CBRE’s Asia Pacific Investor Intentions Survey 2021 was conducted between  November 9 and December 14 last year. As many as 492 mainly Asia Pacific-based investors participated in the survey, which asked respondents a range of questions regarding their buying appetite and preferred strategies, sectors and markets for 2021. “Ho Chi Minh City has already been on the radar of investors in recent years, especially those who are looking to invest in Southeast Asia, as the city is viewed as having the potential for greater appreciation in property values and higher yields,” said Desmond Sim, Head of Research, Southeast Asia, CBRE. “Other noteworthy movement in this year’s rankings included Ho Chi Minh City, which entered the top five for the first time. With the diversification of supply chains … [Read more...] about CBRE: HCM City among top preferred cities for cross-border investments in Asia-Pacific

“Other noteworthy movement in this year’s rankings included Ho Chi Minh City, which entered the top five for the first time. With the diversification of supply chains encouraging more manufacturing investment, industrial and logistics assets are keenly sought after,” according to the survey. … [Read more...] about HCMC among top preferred cities for cross-border investments in Asia-Pacific

Hanoi, (VNA) – Prime Minister Nguyen Xuan Phuc and his Australian counterpart Scott Morrison had a telephone talk on January 21 to discuss bilateral relations as well as regional and international issues of shared concern. The Australian PM congratulated Vietnam on outstanding achievements the country gained in 2020 to become a rare model in COVID-19 pandemic control and socio-economic development amid the worst global economic depression in decades. He said he believes that the upcoming 13th National Congress of the Communist Party of Vietnam (CPV) will be a success. He also congratulated Vietnam on fulfilling the role of ASEAN Chair in 2020 with the successful signing of the Regional Comprehensive Economic Partnership (RCEP). He thanked Vietnam for supporting turning the ASEAN-Australia Summit into an annual mechanism. PM Morrison said he hopes the Vietnam-Australia relations will be elevated to a strategic partnership in 2023 on the occasion of the 50th anniversary of the … [Read more...] about Vietnamese, Australian PM discuss bilateral ties in phone talks

Hanoi (VNA) – Da Nang has appreciated the contributions and accompany of foreigners in the city in a tough year of 2020, and hoped to continue to receive more assistance from foreign individuals, organisations and businesses during the recovery process in the city and the central region as a whole, said Chairman of the municipal People’s Committee Le Trung Chinh. Speaking at a meeting with foreigners in the city on January 21, Chinh said that 2020 was an important year for Da Nang in accomplishing tasks for the 2016-2020 period, but during the year, the city faced many difficulties due to the COVID-19 pandemic and natural disasters. In the toughest time, Da Nang still prioritised investment in development and ensuring security, defence and social welfare, he said. Chinh noted that the city still saw some bright spots in the year, including a year-on-year rise of nearly 38 percent in foreign direct investment (FDI), and a rise in public investment disbursement. Due to … [Read more...] about Da Nang treasures contributions of foreigners: city leader