HO CHI MINH CITY Nike Air Max 95 Sale Clearance , Sept. 24 (Xinhua) -- Foreign direct investment (FDI) registered in Vietnam's southern economic hub Ho Chi Minh (HCM) City have increased by 6.9 percent to more than 1. 18 billion U.S. dollars as of mid-September this year, according to the city's statistics office on Wednesday.

Local authorities have granted licenses to 277 new foreign- invested projects worth over 1.1 billion U.S. dollars, of which seven projects were in real estate worth 450.4 million U.S. dollars, and 100 projects in industry and trade areas worth 452 million U.S. dollars.

The British Virgin Islands was the largest foreign investor among 40 countries and territories investing in the city during the reviewed period and accounting for 31.6 percent of the city's total FDI. It was followed by Singapore with 20.4 percent, and Japan with 18.8 percent.

Investors from other countries and territories such as South Korea, mainland China, China's Hong Kong and China's Taiwan were also accelerating their investments in the city Nike Air Max 90 Sale Clearance , which proved the city's attractive investment destination for foreign investors, said the office.

Meanwhile, as of mid-September, capital Hanoi lured 919 million U.S. dollars in FDI, down 22 percent compared to the same period last year, according to Hanoi Department of Planning and Investment.

Of the total, 579 million dollars came from 155 newly-licensed projects while the remainder came as expanded investment from 231 existing projects.

LIMA Nike Air Max 1 Sale Clearance , May 7 (Xinhua) -- Peru plans to tout investment opportunities in infrastructure and public services during a three-country tour in Asia, Peruvian investment promotion agency ProInversion announced on Thursday.

Peru's 2015 Asia Road Show kicks off on May 11 in China's Beijing, then travels to Tokyo, Japan for a May 13 presentation, and wraps up in Seoul, South Korea on May 14, the agency said in a statement.

The show will mount expositions in each city and hold meetings with potential investors interested in public-private sector partnerships opportunities in Peru Nike Air Max Sale Clearance , the agency said.

"Companies in these markets have the technical and financial capacity, and the experience needed," ProInversion said.

China, Japan and South Korea are Asia's main economies, in terms of gross domestic product, and Peru is already associated with them through the Asia-Pacific Economic Cooperation Forum (APEC), as well as through free trade agreements Air Max 95 Sale Clearance , the agency said.

For Peru, it is important to carry out "promotion in these three countries, providing entrepreneurs with the information that will allow them to decide whether to participate," the agency said.

by Justice Lee Adoboe

ACCRA, May 20 (Xinhua) -- The government of Ghana expressed great optimism here on Wednesday about the prospects of the recovery of the country's economy.

Minister of Finance Seth Terkper said the economy was set to recover at a quicker pace than many had projected.

The minister made this projection during a forum that saw captains of industry, commerce, policy makers Air Max 90 Sale Clearance , technocrats and ordinary citizens attending.

Ghana's economic growth, which peaked at around 15 percent in 2011, declined to about 4.4 percent in 2014.

However, Terkper was optimistic that the economy would soon return to the winning ways and experience the 8 percent growth and above based on the analysis of some indicators.

But for this to see reality, the minister said discipline was required, adding that discipline was non-negotiable in the scheme of things in the economy.

"We either discipline ourselves or dissipate the opportunities that will arise when the economy shows any gain," he stressed.

Some of the indicators that made the minister upbeat were the debt sustainability in the face of current global challenges.

According to him Air Max 1 Sale Clearance , over the last few weeks, over 3 billion Ghana Cedis (811 million U.S. dollars) of the country's total debt had been cleared.

The payment of the debt will significantly reduce the pressure on government in the servicing of other existing loans and financial agreements, said the minister.

Fiscal slippage for three continuous years has forced the government to enter into a three-year program with the International Monetary Fund (IMF) to resuscitate the lowering embers of growth and fiscal discipline in budget implementation.

Wage bill to Gross Domestic Product (GDP) ratio, which stood at 8.9 percent in 2012, came down steadily to 8.3 percent at the end of last year.

"It is expected that this will further decline to 7.7 percent in 2015," Terkper projected, as wage bill arrears cleared as a ratio to tax revenue has declined from 68.2 percent in 2012 to 52. 1 percent in 2014 as government projects to bring it down further to 46.1 percent at the end of this year.

However Air Max Sale Clearance , in spite of these achievements, the minister conceded that progress in reducing fiscal deficit had been slow, partly due to the two-year long shortage in gas supply from the West African Gas Pipeline to power part of Ghana's energy plants.

Terkper said commodity price shocks, namely the decline in gold and cocoa prices, which affected government revenue, as well as the current projected shortfall in oil prices were some of the causes of the fiscal challenges.

"Given government's commitment to fiscal consolidation, the 2015 budget outlines additional measures and reforms which form a significant part of the measures in the program with the IMF.

"These measures in addition to earlier ones are expected to result in a significant reduction in fiscal deficit to ensure debt sustainability and macroeconomic stability Nike Air Max 95 Sale ," the minister added.

In a quick intervention, Governor of the Bank of Ghana, Henry Kofi Wampah, reiterated the commitment of the central bank not to finance government's fiscal deficit beyond 5.0 percent of the previous year's budgeted revenue.