EU investors are interested in developing a logistics complex worth nearly $1 billion in Vietnam’s southern province of Ba Ria-Vung Tau to tap into growing trade demands on the back of the EU-Vietnam Free Trade Agreement (EVFTA).
European investors expressed their interest in a US$1 billion seaport logistics project in the southern province of Ba Ria-Vung Tau during their meeting with Vietnamese Prime Minister Nguyen Xuan Phuc in Hanoi on Wednesday.
Developing ecological industrial real estate is a new direction for the central city of Danang in its strategy to attract investment into high-tech projects, with many companies interested in large-scale logistics projects manifested by the upcoming Lien Chieu deepwater port.
The hotel industry is facing arguably its greatest challenge as the impacts of COVID-19 keep away foreign visitors from the country.
PVN accounts for about a third of the country's refined product output and supplies gas for power plants that make up about 15% of Vietnam's power generation.
For nearly three decades, Vietnam has made use of official development assistance from foreign partners, thereby accelerating socioeconomic development in areas like infrastructure, science and technology, and human resources. However, strict regulations, high interest rates, and other constraints are some of the reason why ministries are beginning to look for domestic alternatives.
Credit institutions are being encouraged to implement consumer credit packages and preferential rates as an effective way to stimulate spending sprees and help the domestic economy tide over the storm.