The southern province of Đong Nai has attracted more than US$1 billion from foreign direct investment (FDI) despite the economic downturn, said Bo Ngoc Thu, director of the province's planning and investment department.The figures places the southern province third nationally in attracting FDI after Binh Dương Province, also in the South, and the northern city of Hai Phong. see more
The country’s textile and garment sector achieved a trade surplus of US$5.3 billion in the first eight months of 2012, a year-on-year increase of 24%.According to the Vietnam Textile and Garment Association (VITAS), in the first eight months of the year, the sector achieved an export turnover of US$10.8 billion, an increase of 6% compared with the same period last year. see more
Mergers and acquisitions (M&As) by Singaporean companies in Viet Nam reached US$72 million during the past 12 months, accounting for 9 per cent in terms of quantity and 3 per cent in terms of value of all M&A deals.The total value of M&As in the local market was estimated at $2.5 billion during the twelve months from August last year, the highest level in a decade.The figure for Singaporean investors increased by more than three times compared to last year's level, which stood at $23 million, and is an all-time high for Singaporean investors here. see more
In Viet Nam, television remains the most powerful and effective form of mass media, with 85 per cent of the population watching TV every day, according to a report released by Kantar Media's TNS Media Vietnam.Television is also the most common household appliance and communications vehicle in Vietnamese families.Twenty-seven per cent of the Vietnamese population own two or more televisions, and 95 per cent say they respect the medium, according to the survey.Television maintains the highest daily reach, with nearly 83 per cent of people aged 15 to 54 watching TV two hours a day. see more
Despite the current economic slowdown and high inflation in Vietnam, large Thai corporates remain confident about expanding their investment in the country in view of its market size and expected stronger purchasing power.Sooksan Jiumjaiswanglert, executive vice president of CP Vietnam Corp, said that although many foreign investors were eyeing up Myanmar for investment, his company expected Vietnam to experience stronger economic growth and be better placed to serve as a springboard for expanding investment to Laos, Cambodia and southern China. see more
