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Speeding up ODA Projects
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Ministry of Finance supposed that slow progress of some ODA projects were attributed to lack of human resource, slow capital transfer, inappropriate project design etc.
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“Investors Will Have Dual Incentives”
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The statement comes from Mr Nguyen Duc Thanh, Chairman of Ninh Thuan People’s Committee at a press briefing regarding a conference on announcement of Ninh Thuan socioeconomic development master plan till 2020 held in Ho Chi Minh City by the Ninh Thuan People’s Committee and the Ministry of Planning and Investment. The master plan was approved by the Prime Minister in the Decision No. 1222 dated July 22, 2011. This aims at bringing Ninh Thuan province into a national energy centre and making it one of 10 richest provinces in Vietnam in the next 10 years.
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Hanoi Attracts More Foreign Direct Investment
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Foreign direct investment (FDI) flew into the capital city during the first nine months of this year, tripling last year figure for the same period to $999.6 million, according to the municipal Statistics Office.
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“Foreign Investment Promotion Needs to Be More Creative”
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This remark comes from Mr Do Nhat Hoang, Director of Foreign Investment Agency (FIA) under the Ministry of Planning and Investment, at the recent foreign investment conference for the southern region held by FIA and the Ho Chi Minh City Investment and Trade Promotion Centre (ITPC). Many provinces and cities lack good plans and creativity to attract investment, he added.
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Conflict resolution
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Any dispute relating to investment activities in Vietnam shall be resolved through negotiation and conciliation, or shall be referred to arbitration or to a court in accordance with law in case it could be resolved through negotiation and reconciliation.
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Bringing Life to Consumer Protection Law
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On July 1, the consumer protection law officially took effect, however, it will take time for this law to come into life, and for consumer Vietnam to be protected in accordance with eight published rights. There are many agencies whose job is to protect consumers, but in fact, there is still much consumer’s right violation. Vietnam Business Forum would like to quote experts’ comments on consumer protection.
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Speeding up ODA Projects
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Ministry of Finance supposed that slow progress of some ODA projects were attributed to lack of human resource, slow capital transfer, inappropriate project design etc.
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Enhancing Foreign Investment Efficiency
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Foreign Investment Department and Vietnam’s Association of Foreign Invested Enterprises (VAFIE) recently organised a seminar on “Assessment of foreign investment efficiency and measures to boost FDI disbursement” in Ho Chi Minh City. At the seminar, many issues related to foreign investment activities, especially the issue of FDI disbursement during recent time were analysed.
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Southern hub property market still in nightmare
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Ho Chi Minh City’s sleepy apartment market sees no sign of improvements amid a difficult economy.
“Never before has the property market been as stagnant as it is this year. There were a number of homebuyers by late 2008-2009, a period which was hurt by economic turmoil but there was almost no transaction at this time of the year,” said property firm TechcomReal’s general director Nguyen Xuan Loc.
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INFORMATION LAW
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