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One more Vietnam-Singapore Industrial Park to be built | | A ground breaking ceremony for Vietnam-Singapore Industrial Park (VSIP) Hai Phong will be held on January 13 in the Northern city of Hai Phong under the witness of prime minister of the two countries
This project is part of the Vietnam official visit of Singaporean Prime Minister, Ly Hien Long, according to the invitation of Vietnam's Prime Minister, Nguyen Tan Dung, from January 12 to 15.
Singapore is one of Vietnam's leading trade and investment partners and is Vietnam's third biggest trade partner.
Till the end of September 2009, Singapore has nearly 800 FDI projects in Vietnam with a total registered investment capital of nearly $17 billion (actualized capital was $5.4 billion, accounting for 35%).
(Source: Thoi bao Kinh te)
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Bac Ninh Grants Licenses to 51 IZ Projects
The Bac Ninh Industrial Zones Authority granted investment licenses to
51 projects with total investment capital of US$326.78 million in 2009
(not including investment in infrastructure in the industrial zones,
IZs). Particularly, 11 foreign direct investment (FDI) projects
increased investment capital by US$74.5 million. Enterprises in EZs, IZs complain on incentive cuts
Over one year of applying Decree No. 124/2008/CP, a lot of adequacies
relating to the investment attraction into industrial zones and
processing export zones need to be treated. Mekong Delta paying for industrial zone fever
Agricultural land in the Mekong Delta is in disarray thanks to
overzealous plans to build industrial parks in the area since 2005. |
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