Significant changes over the past three years have made Vietnam become more attractive to not only tourists but also investors and businesses from all over the world, according to Research and Market.

Vietnam needs to attract Japan's private investment capital for its infrastructure development, said Deputy Minister of Planning and Investment Dang Huy Dong.

A Vietnam Business Forum was held in Tokyo on August 4 to call on Japanese businesses, especially private companies, to invest more in infrastructure projects in the Southeast Asian country.

The Government's plan to restructure the Vinashin group aims to build a new Vinashin with its main functions of building, repairing and working as a supportive partner for the shipbuilding industry.

Vietnam continues to become an attractive destination for Japanese investors, said delegates at the Vietnam-Japan economic seminar in Tokyo on August 3.

Since Viet Nam officially became a full member of ASEAN, the two-way trade turnovers between Việt Nam and other member states have surged rapidly and made considerable contributions to economic growth in Việt Nam and her partners.

US Secretary of State Hillary Clinton called on parties involved in East Sea territorial disputes to respect international law and adhere to region’s code of conduct.

The government has approved construction of a highway linking Dong Nai Province and Phan Thiet under a public-private partnership model. Private firm Bitexco, the World Bank’s International Finance Corp and a third partner yet to be chosen will build the 128-kilometer Dau Giay-Phan Thiet Highway at an expected cost of VND14.35 trillion (US$775 million).

The marine economy is in danger of losing its great advantages due to the lack of an overall development plan and poor co-operation among local authorities, Nguyen Minh Phong from the Ha Noi Socio-Economic Policy Research Institute has said.

Ten foreign investors and a large number of domestic businesses gathered in the northern port city of Hai Phong on July 9 for a conference to promote Vietnam's sea economy in 2010.