Business

Dong Nai cancels 78 FDI projects since 2010

The southern province of Dong Nai has revoked the investment licences of 78 foreign direct invested (FDI) projects, worth over 332 million USD, since 2010, according to the province’s Industrial Zones Authority.
The southern province of Dong Nai has revoked the investmentlicences of 78 foreign direct invested (FDI) projects, worth over 332million USD, since 2010, according to the province’s Industrial ZonesAuthority.

Among them, Dong Nai stripped 51projects of their licences for failure to make sufficient progress. Mostof these were operated by investors from Asia, such as China and theRepublic of Korea.

To ensure a productive investmentenvironment, the agency conducts annual inspections to removeill-performing investors so as to give opportunities for more capableones.

At present, some 10 other FDI projects areunder inspection for failing to start construction more than one yearafter receiving a licence.

Statistics show that 430million USD has been poured into 30 new and existing projects in theprovince over the first quarter of 2014, up 7 projects and nearly 200million USD from a year before.

Most of the finance came from Japanese investors and flowed into support industries.-VNA
Follow VietnamPlus

See more

Prime Minister Pham Minh Chinh orders preparation to break ground on the Lao Cai – Hanoi – Hai Phong railway line on December 19. (Photo: VNA_

PM sets December 19 launch date for Lao Cai – Hanoi – Hai Phong railway

To meet the December 19 groundbreaking target for the Lao Cai – Hanoi – Hai Phong line at five designated sites, he tasked the Ministry of Construction with drafting a detailed critical path timeline. Meanwhile, Deputy Prime Minister Tran Hong Ha was assigned to oversee execution and inter-ministerial coordination.

A representative of the Ha Nam People’s Committee presents a souvenir to a visiting delegation from the Department of Industry and Tourism of Nagahama city in Shiga prefecture of Japan. (Photo: VNA)

Ha Nam highly evaluates investment capacity of Japanese businesses

Reaffirming Japan’s role as a strategic investor, a local official noted that Japan is currently the second-largest foreign investor in Ha Nam, with over 100 projects in diverse sectors such as mechanical engineering, automobile and motorcycle production, and electronics.

MoIT Minister Nguyen Hong Dien, who is also head of the Government negotiation team, chairs a meeting with team members and representatives from relevant agencies before the first negotiation round. (Photo: moit.gov.vn)

Vietnam, US hold second round of trade negotiations

The two sides exchanged views in an open, straightforward, and constructive manner on the issues of mutual interest, working to clarify the draft agreement's wording and providing information on current policies of each side to lay the groundwork for further steps.

Prime Minister Pham Minh Chinh chairs an online national conference on boosting public investment as a key driver of economic growth in 2025. (Photo: VNA)

PM urges accelerated disbursement of public investment

While chairing an online national conference on boosting public investment as a key driver of economic growth in 2025 on May 20, PM Chinh stressed the need to revitalise traditional growth engines - investment, consumption, and exports, while accelerating new drivers such as science and technology, innovation, digital transformation, circular economy, and knowledge economy.

Prime Minister Pham Minh Chinh (R) encourages workers and engineers at the Vietnam Exhibition Fair Centre project site. (Photo: VNA)

PM requests basic completion of Vietnam Exhibition Fair Centre in July

For the long term, PM Chinh stressed the need to develop the centre into a new symbol of Hanoi and the nation in terms of scale, culture, architecture, structure, environmental landscape, and governance, so as to reflect the national stature, worthy of the country's historical and cultural traditions, and especially to showcase its achievements after 40 years of ‘Doi Moi’ (Renewal).

Prime Minister Pham Minh Chinh (3rd from left) at the symbolic button-pressing ceremony to kick off the construction of the Tu Lien bridge in Hanoi on May 19. (Photo: VNA)

Prime Minister launches construction of Tu Lien bridge in Hanoi

PM Chinh stressed that the Tu Lien bridge will not only enhance connectivity and promote socio-economic development across Hanoi’s districts, but also link regional cities and provinces involved, national transport routes, and international gateways via Noi Bai and Gia Binh international airports.

The FBC ASEAN 2025 International Manufacturing Business Matching Event will take place from September 17–19 in Hanoi. (Photo: FBC ASEAN)

Vietnam to host int’l manufacturing exhibition in September

The exhibition gathers a significant number of manufacturers and buyers seeking suppliers in Vietnam, including major brands. The event continues to serve as a key platform for branding, trade promotion, and sustainable international business networking.