PPP decree to attract investment
(Mar 26, 2015)
The Tendering Management Department under the Ministry of Planning and
Investment introduced a decree, governing private-public-partnership
(PPP) projects in Viet Nam yesterday, at a meeting in Ha Noi.
After completing 19 official rounds of negotiations by December 2014,
the Trans Pacific Partnership (TPP), the most anticipated free trade
agreement at present, is expected to conclude negotiations this year.
International economic integration has expanded to Viet Nam so the
development of domestic resources, including our private enterprises, is
required urgently. Minister of Planning and Investment Bui Quang Vinh spoke to the Vietnam News Agency about those issues.
Japan's IHI Corporation (IHI) relocated and built a 14ha factory for IHI
Infrastructure Asia Co Ltd (IIA) in Dinh Vu Industrial Zone in the
northern Hai Phong port city.
US automaker Ford reported record sales in Viet Nam every month in the
latter part of 2014 as its market share rose to nearly 9 per cent. Viet
Nam News speaks with Jesus Metelo Arias, managing director of Ford Viet
Nam, to hear the full story and where he sees the Vietnamese auto
industry in 2015.
The local business community in Viet Nam is hoping that this will be
breakthrough year in terms of reforming economic institutions and
administrative procedures. Vu Tien Loc, chairman of the Viet Nam Chamber of Commerce and Industry (VCCI) spoke to the Vietnam News Agency about these issues.
According to the Ministry of Planning and Investment, foreign
investors seeking to invest US$20.2 billion in Viet Nam have experienced
a 19 per cent increase over the $17 billion target. Biz Hub reporter
Lan Dung talks with Nguyen Mai, chairman of the Viet Nam Association of
Foreign Invested Enterprises (VAFIE), about the current state of FDI in
the country, as well as projections for 2015.
The Chairman of the joint stock automaker Vinaxuki, Bui Ngoc Huyen, shared with the Vietnam News Agency
reporter Duc Dung his opinions on the Government's policies on land,
technological transfer, and long-term, low-interest-rate loans to
stimulate the automobile spare parts manufacturing business.
Shifting from debt in 2012, Thang Long Cement JSC produced 2.48 million
tonnes of cement and clinker last year to post a year-on-year growth
before interest and taxes of estimated 30 per cent. The company has set a
goal of becoming a leading cement group in Viet Nam by 2030. Viet Nam
News spoke to Mukhamad Saifudin, general director of Thang Long Cement
JSC, about this target.
The word "belief" has cropped up often during the recent months when one
talks about the monetary market and the management policies by the
State Bank of Viet Nam (SBV).
Standard Chartered Bank recently released a report called Global
Research 2015 – The Year Ahead, Rekindling the Animal Spirits, which also
takes a look at Viet Nam's economic and financial outlook, growth, FDI
prospects, trade and interest rate.
Viet Nam News
spoke with the bank's
economist, Betty Rui Wang, about these issues.