The Business Times: Shipping industry to be developed by 2020

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• Shipping industry to be developed by 2020
• Dong Nai continues to attract record levels of FDI
• Japan’s growing appetite for restaurant and food sector
• Amata to pour US$530 mil into Vietnam
• Report predicts decline in finance, banking and insurance employment
• New JV set up to exploit oil & gas in Russia
• Seafood imports hit US$720 mln
• Vietnam climbs two notches in global competitiveness index
• Overseas remittances to HCM City hit nearly US$2.8 billion
• Singaporean investors earning big money in Vietnam

Shipping industry to be developed by 2020 Posted: 03 Sep 2014 09:37 PM PDT Prime Minister Nguyen Tan Dung recently approved a development plan for Vietnam's shipping industry for 2020, with a vision for 2030, aiming to ease the transportation burden on roads. According to the plan, the majority of imports and exports are to be transported by sea, embedding Vietnam further into the global shipping network and connecting […] The post Shipping industry to be developed by 2020 appeared first on Vietnam Business News.

Dong Nai continues to attract record levels of FDI Posted: 03 Sep 2014 09:35 PM PDT Southern Dong Nai province has issued investment certificates for 103 Foreign Direct Investment (FDI) projects, valued at over US$922 million during the first eight months of the year. The provincial Department of Planning and Investment reported the total consists of US$391 million for 52 new projects and US$531 million in supplementary investment for 51 projects. […] The post Dong Nai continues to attract record levels of FDI appeared first on Vietnam Business News.

Japan’s growing appetite for restaurant and food sector Posted: 03 Sep 2014 09:34 PM PDT The restaurant and food industry in Vietnam is a delectable – hot and juicy spot for foreign investment and has been garnering the eye of large numbers of Japanese investors. At a recent seminar in Tokyo, Japan External Trade Organisation (JETRO) called on increased investment in the restaurant and food industry in Vietnam as well […] The post Japan's growing appetite for restaurant and food sector appeared first on Vietnam Business News.

Amata to pour US$530 mil into Vietnam Posted: 03 Sep 2014 09:26 PM PDT Amata Vietnam JSC, a subsidiary of the Thai group Amata, will earmark US$530 million for a hi-tech park and urban area complex in the southern province of Dong Nai. Amata Vietnam JSC General Director Huynh Ngoc Phien said the company has just signed a cooperative agreement on construction of the complex with the provincial People's […] The post Amata to pour US$530 mil into Vietnam appeared first on Vietnam Business News.

Report predicts decline in finance, banking and insurance employment Posted: 03 Sep 2014 09:25 PM PDT The Third Vietnam Labour Market Update, a quarterly bulletin released on September 3, forecast a rise in the demand for skilled workers in the fields of mechanical production, food processing, electricity generation and distribution, communications, health services and social work in the last quarter of 2014. The bulletin also foresaw fewer jobs being available in […] The post Report predicts decline in finance, banking and insurance employment appeared first on Vietnam Business News.

New JV set up to exploit oil & gas in Russia Posted: 03 Sep 2014 09:07 PM PDT PetroVietnam and Rosneft will establish a joint venture company to explore and exploit two oil wells at Pechora Sea, north-west of Russia, which have a combined geological reserve of 1 billion tonnes and a recoverable reserve of 200 million tonnes. The agreement was reached during working sessions in Moscow on September 2-3 between representatives of […] The post New JV set up to exploit oil & gas in Russia appeared first on Vietnam Business News.

Seafood imports hit US$720 mln Posted: 03 Sep 2014 09:03 PM PDT Vietnam's total seafood import value has reached US$720 million over the past eight months, up 73% compared to the same period in 2013. Most products were shipped from India and Taiwan (China), according to the Ministry of Agriculture and Rural Development. As of July 2014, Vietnam had signed Indian shrimp import contracts worth more than […] The post Seafood imports hit US$720 mln appeared first on Vietnam Business News.

Vietnam climbs two notches in global competitiveness index Posted: 03 Sep 2014 08:59 PM PDT The World Economic Forum (WEF) released its Global competitiveness Report 2014-2015 on September 3 citing Vietnam as having improved by two notches, to 68thfrom last year's 70th, in its global competitiveness ranking. According to the WEF report, Vietnam ranks sixth in the South East Asian region, trailing after Singapore, Malaysia, Thailand, Indonesia and the Philippines. […] The post Vietnam climbs two notches in global competitiveness index appeared first on Vietnam Business News.

Overseas remittances to HCM City hit nearly US$2.8 billion Posted: 03 Sep 2014 07:26 PM PDT Overseas remittances to Ho Chi Minh City are estimated at US$ 2.75 billion during the first eight months of 2014, a year-on-year increase of 6.2%. In August alone, around US$333 million was sent to the City, a two-fold increase over a month earlier, according to Nguyen Hoang Minh, Deputy Director of the HCM City-based State […] The post Overseas remittances to HCM City hit nearly US$2.8 billion appeared first on Vietnam Business News.

Singaporean investors earning big money in Vietnam Posted: 03 Sep 2014 07:15 PM PDT Many Singaporean businesspeople have invested in big projects in Vietnam in many different business fields, especially real estate. The Government of Singapore (GIC) Fund on August 14 unexpectedly announced it had become a big shareholder of Vinasun (VNS) after wrapping up a deal to buy 4.5 million VNS shares, or 7.96 percent of chartered capital. […] The post Singaporean investors earning big money in Vietnam appeared first on Vietnam Business News.

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