As of February 20, the total newly registered and adjusted capital and the value of capital contributions, and shares purchases made by foreign financiers reached US$5.46 billion, equivalent to 84.4% in comparison to the same period from last year. February saw the country grant investment licenses to 126 new projects worth US$3.31 billion, a decline of 33.9% from the same period last year. Most notably, a total of 115 existing projects registered to adjust their capital, marking a 2.5-fold increase compared to the corresponding period from last year, with total additional registered capital reaching US$1.61 billion. Furthermore, the value of capital contributions and shares purchases by foreign investors dropped to US$543.1 million, a drop of 34.4 % compared to last year’s corresponding period. Foreign financiers have invested in 17 local industries, of which the processing and manufacturing sectors took the lead with total investment capital reaching more than US$3billion, … [Read more...] about Disbursement of FDI projects increases by 2% over two-month period
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Domestic coffee prices pick up in Vietnam on global cues, tight supplies
HANOI -- Vietnam's domestic coffee prices edged up on Thursday, on upbeat global prices and limited supplies as farmers refrained from selling the bean on hopes that prices could rise further, traders said. Farmers in the Central Highlands, Vietnam's coffee-growing capital, sold coffee at VND33,500-34,000 ($1.46-$1.48) per kg, up from last week's VND32,300. May robusta coffee on Wednesday settled at its highest level in a year, at $1,463 per metric ton, Refinitiv Eikon data showed. "Domestic prices inched up this week following a skyrocket in global prices," a trader based in the coffee belt said. "Farmers are not under pressure to release beans to cash in for holiday anymore and are hoping prices would edge up further so supplies are very tight." Another trader also based in the region said farmers had already sold 40%-50% of their beans harvested in the 2020/21 crop year that began on Oct. 1. Traders in Vietnam offered 5% black and broken grade 2 robusta at a premium of … [Read more...] about Domestic coffee prices pick up in Vietnam on global cues, tight supplies
Japan-based Eneos plans to acquire US$28-million stake of Vietnam Petrolimex
The Hanoitimes - With Petrolimex share price of VND50,400 (US$2,17) apiece at the close on August 25, Eneos is set to fork out at least VND650 billion (US$28 million) to complete the deal. Japan-based Eneos Corporation, a subsidiary of Nippon Oil & Energy Vietnam, is planning to purchase 13 million shares, or a 1% stake of Vietnam’s largest petroleum distributor Petrolimex, according to a filing to Ho Chi Minh Stock Exchange (HoSE). Japanese shareholders are looking to increase their stake at Vietnam's largest petroleum distributor. The transaction period is set to take place from August 27 – September 25 through order matching. Eneos has yet to own Petrolimex shares. However, the firm is a subsidiary of Nippon Oil & Energy Vietnam, Petrolimex’s second largest shareholder with 103.5 million shares, or 8.73% stake, only behind Vietnam’s Committee for State Capital Management (CSCM) with 981.68 million shares, or an 82.79% stake. Once completed, … [Read more...] about Japan-based Eneos plans to acquire US$28-million stake of Vietnam Petrolimex
Netanyahu and Israel’s NeverNetanyahu Right | Opinion
Next month, Israelis will go to the polls to elect a new 120-seat Knesset. It will be Israel's fourth general election in just under two years—an all-time record. To form a governing coalition, one member of Knesset—generally the head of the largest party—needs to form a coalition from several parties in the Knesset that together control at least 61 legislative seats. On the face of things, Israel's elections merry-go-round makes no sense. Prime Minister Benjamin Netanyahu receives high ratings from the public. Polls consistently show that Israelis prefer Netanyahu as prime minister over all of his possible rival combined. So why the deadlock? Ironically, Israel's political instability is a function of Netanyahu's success. Netanyahu is Israel's longest-serving prime minister, having surpassed Israel's founding prime minister, David Ben-Gurion, a year ago. The secret of Netanyahu's success is that the center of Israeli politics has converged with his positions. Netanyahu now … [Read more...] about Netanyahu and Israel’s NeverNetanyahu Right | Opinion
Serious charges could be laid after prisoner attacked in cell dies
Further charges could be laid after the death of a man assaulted in his Manawatū Prison cell, as police ramp up their investigation. The incident has prompted one recent former high-profile inmate of the prison to voice his concerns about violence there, while the corrections minister says thoughts are with the dead man’s family. Bradley King, 36, died on Wednesday in Wellington Hospital, where he was rushed after being assaulted while he slept on February 11. A 29-year-old man he was sharing a cell with has been charged with wounding with intent to cause grievous bodily harm and is due to appear in the Dannevirke District Court in April. READ MORE: Manawatū Prison assault victim Bradley King dies in hospital Man charged over violent Manawatū Prison assault Prison assault victim fights for life with family at his side Police have indicated more serious charges could follow. Acting central district field crime manager, Detective Senior Sergeant Craig Sheridan, … [Read more...] about Serious charges could be laid after prisoner attacked in cell dies