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Foreign capital disbursement hits $4billion

Update: April, 29/2014 - 09:38
The country disbursed $4 billion in FDI capital in the first four months of the year, according to the Foreign Investment Department under the Ministry of Planning and Investment.

The department said that many big factories had opened since the beginning of the year, including Samsung Electronics Viet Nam's US$2billion phone-assembly factory in Thai Nguyen city, and Japan's $441 million Lixil factory, which specialises in door frames and windows.

Dau Tu (Viet Nam Investment Review)

Convenience stores pop up all over City

HCM City has seen a boom of convenience stores in recent years as many foreign investors have been expanding by opening as many stores as possible.

The city has 475 convenience stores, with foreign companies owning 350 of them.

Of two local companies, Coopfood has 72 stores and Satrafood, 32. Singapore's Shop & Go, which began operation in Viet Nam in 2005, has 103 stores across the country, while the US's Circle K has 73 and Japan's FamilyMart, 34.

Tuoi Tre (Youth)

Most Vietnamese enterprises remain small

The Viet Nam Chamber of Commerce and Industry's chairman Vu Tien Loc said up to 96 per cent of over 500,000 local enterprises are small-scale, and only two per cent are medium-scale. The remaining two per cent are large-scale companies.

Of small enterprises, up to 67 per cent are very small, Loc said, adding that the government should offer more support to medium-sized enterprises to help them compete internationally.

Thanh Nien (Young People)

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