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NEWS UPDATES Asean Affairs  March 23, 2018  









Phu Tho wants more investment

The northern province of Phu Tho aims to attract domestic and foreign direct investment capital worth between VND5.5 trillion and VND6 trillion (US$244.5-263.2 million) this year, an increase of 10-15 per cent year-on-year.

The province wants investment projects in high technology industry and supporting industry, which can contribute to the State budget and socio-economic development of the province.

To achieve the goal, the province will enhance reforms and administrative procedures simplification, shorten time to solve administrative procedures, improve the investment environment and increase provincial competitiveness.

Provincial leaders will also meet with investors, enhance professionalism of officers and promote investment focusing on potential projects.

Nguyen Minh Xuyen, deputy director of the provincial planning and investment department, said that last year, the province organises 30 meetings with both domestic and foreign investors.

In term of local businesses, the province has invited many potential investors such as Trung Nam Group, Vingroup, Sun Group, Song Hong Thu Do and Thaco Truong Hai.

The province last year also granted licences for 181 investment projects, including 169 domestic ones with total registered capital of VND8.78 trillion and 12 FDI with total capital of $254 million.

The number of newly registered enterprises last year was 586, up 10.5 per cent compared to 2016 and registered capital was estimated at VND3.78 trillion, up 67 per cent year-on-year.


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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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