Vietnam always welcomes Japan-invested projects and expects more foreign direct investment (FDI) from Japan, President Nguyen Minh Triet has said.

With the ambition to become an ideal destination of the key southern economic zone, Tien Giang province has provided numerous perks to attract investors.

Vietnam expects to receive more assistance from the Asian Development Bank (ADB), particularly to infrastructure and environmental projects to help the country respond to climate change and rising sea levels.

A total of 120 projects calling for an estimated VND 100 trillion (US$5.6 billion) in investment will be put forth at a forum slated for September 5 in Buon Ma Thuot city, in the Central Highlands province of Dak Lak.

Prime Minister Nguyen Tan Dung has said that the current level of investments from the Republic of Korea has not yet caught up with the expectations of both Governments.

The Asian Development Bank provided a soft loan worth US$410 million for the construction of a highway in southern Vietnam under an agreement signed with the State Bank of Vietnam on March 20.

State President Nguyen Minh Triet has called for Russian businesspeople to increase their trade and investment in Vietnam, saying the country will provide favourable conditions for them.

National Assembly Chairman Nguyen Phu Trong has told Prime Minister Kevin Rudd of Australia to boost investments to match its great potential.

On September 11th, 2007, the General Department of Taxation issued Official Letter No. 3708/TCT-CS guiding policy on tax applicable to organizations investing in securities.

On September 5th, 2007, the Government promulgated Decree No.140/2007/ND-CP (the “Decree”) on business conditions on logistic services and scope of liability of trader trading logistic services.