Canadian firms eye HCM City biz opportunities
(May 30, 2016)
A delegation of leading enterprises from Richmond, a coastal city in
western Canada - led by Councillor Chak Au - visited HCM City on Friday
to seek co-operation opportunities.
Foreign investors registered to pump approximately US$10.16 billion into
Viet Nam in the first five months of this year, surging 136 per cent
from a year ago, statistics from the Ministry of Planning and Investment
An investment of VND5.5 trillion (US$247 million) is needed for
construction of the proposed cable-stayed bridge My Thuan No 2,
according to Project Management Unit No 7 (PMU7).
A company in Dinh Quan District, in the southern province of Dong Nai,
recently exported 12 tonnes of cocoa to South Korea and one tonne of
chocolate made from Vietnamese-grown cocoa to Japan, vietnamplus.vn reports.
Malaysia has imposed anti-dumping taxes ranging between 3.06 per cent
and 23.78 per cent on cold rolled coil imported from Viet Nam, mainland
China and South Korea.
Restructuring the agricultural sector to improve quality and promote
co-ordination between farmers and firms is critical for the sustainable
development of the sector amid unpredictable movements in the global
There were more than 44,700 newly established enterprises in Viet Nam
with total capital of VND349.5 trillion (US$15.5 billion) in the first
five months of this year.
Viet Nam and Da Nang in particular could emerge as huge potential markets for Japanese businesses.
Foreign arrivals to Viet Nam have reached over 4 million so far this
year, up 20 per cent year on year, with an increase being seen in most
Toshiba Corporation has received an order to supply steam turbines and
generators (STGs) for the extension of the Vinh Tan 4 coal-fired thermal
power plant owned by Electricity of Viet Nam (EVN).
Despite positive results of the "Vietnamese give priority to use
Vietnamese goods" campaign, the ratio of Vietnamese goods being sold in
traditional markets remains quite modest.