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Top 10 largest FDI projects in 2017: Thermoelectric projects flashed with US$7.4 billion

Top 10 largest FDI projects in 2017: Thermoelectric projects flashed with US$7.4 billion

Thermoelectric sector scored a successful year in attracting foreign investment with billion - dollar projects in the top 10 largest FDI projects in 2017.

Ha Noi to inspect 284 enterprises owing social insurance premiums

Ha Noi’s authorities have ordered the city’s inspectors to inspect 284 enterprises that owe social insurance premiums of VND100 billion (US$4.3 million) from seven to 35 months in January 2018.

Credit growth in 2017 estimated to reach 17 per cent

Credit growth in 2017 reaches 16.96 per cent; meanwhile, the total means of payment and capital mobilization of credit institutions increase by over 14 per cent, according to the General Statistics Office of Vietnam (GSO).

CEOs in Vietnam are confident in business growth in 2018

Vietnam is expected to rank first in the top ten APEC destinations to receive a net increase in cross-border investment over the next 12 months, slightly ahead of China, Indonesia and the United States.

Vietnam's GDP in 2017 breaks the target to reach 6.81 per cent, the highest rate since 2011

The gross domestic product (GDP) in 2017 is estimated to increase to 6.81 per cent, exceeding the target of 6.7 per cent and the highest rate since 2011, according to General Statistics Office of Vietnam (GSO).

Hai Phong calls for FDI capital of US$500 million in four key transport projects

In the period from 2016 to 2020, four key projects calling for FDI capital include Nguyen Binh Khiem - Vu Yen island road tunnel project, split-level junction project of Ho Sen, Rao Bridge 2- Nguyen Van Linh, Hai Thanh Bridge (on the Ring Road 3), section from provincial road No.353 to Tan Vu - Ben Lam intersection, according to Hai Phong Investment, Trade and Tourism Promotion Center.

Revenues from equitization and State divestment exceed the plan thanks to Sabeco

In 2017, the target of revenue from equitization and divestment is VND60 trillion (more than US$2.6 billion) but the sale of shares in Sabeco alone has brought in VND110 trillion (US$4.85 billion).

Cat Linh-Ha Dong urban railway project is delayed due to undisbursed additional loan

The main reason for the delayed progress of Cat Linh-Ha Dong urban railway project this year was due to problems related to the agreement on an additional loan worth US$250 million signed between the Export-Import Bank of China (CEB) and the Ministry of Finance of Vietnam (MoF) on May 11, 2017, according to an official of the Railway Project Management Unit (RPMU).

The State to divest 430 million shares in Vietnam Airlines

The State will sell about 430 million shares in the Vietnam Airlines Corporation – JSC (Vietnam Airlines) to reduce its shareholding to 51 per cent of charter capital in the next three years.

Japan surpassed South Korea to lead foreign direct investment in Vietnam

According to the Ministry of Planning and Investment of Vietnam, foreign direct investment (FDI) disbursement in 2017 is estimated at US$17.5 billion, a 10.8 per cent year-on-year increase.

The Ministry of Construction raises voice against the planning of Hanoi railway station

The urban zoning project for Hanoi railway station and surrounding areas is not in line with the master plan of the city approved by the Prime Minister, according to the Ministry of Construction (MoC).