Vietnam’s attraction of next generation of foreign direct investment (FDI) in high value-added sectors should be proactively, rather than retroactively, sourced to sustain the nation’s socioeconomic development and competitiveness. Being proactive In the report “Recommendations on Vietnam’s next-generation FDI strategy and vision 2020-2030”, presented by the World Bank Group’s International Finance Corporation (IFC) and the […]
Read MoreForeign investors, especially from Asia, continue to invest heavily in Vietnam’s real estate market through direct investment or shares purchases in local enterprises. “The growth in Vietnam`s capital markets to US$200 billion in value from some US$35 billion five years ago, was a big draw for global investors”, Jeffrey Perlman, Southeast Asia chief of Warburg […]
Read MoreRecent incentives and high potential of the local aviation industry has driven much appetite from local investors. Many private investors are in line waiting for approval from the government to invest in aviation infrastructure projects in Vietnam thanks to the industry’s high profitability and the government’s incentives. The Civil Aviation Authority of Vietnam (CAA) reported […]
Read MoreIn the current situation of a promising investment market, plus the fact that industrial land prices have skyrocketed during recent years, many enterprises tend to choose workshops to save costs as well as to facilitate their business. As a result, build-to-suit workshops quickly turn out to be a safe and preferable selection for many investors […]
Read MoreSiemens has won the contract to supply systems to its Vietnamese customer Trung Nam Group and put the country’s largest solar farm into operation. The 204 megawatts peak (MWp) capacity farm is the first solar project for Siemens in Southeast Asia. The project will deliver up to 425 gigawatt hours (GWh) per year, enough to […]
Read MoreAuthorities in the northern province of Bac Ninh licenced 92 new foreign-funded projects worth US$206.58 million in the first half of 2018, up 3.29 per cent over the same period last year. The province also allowed 45 existing FDI projects to increase their capital by $211.11 million. Head of the provincial Department of Planning and […]
Read MoreVietnam must upgrade the way its government functions to forge ahead or even leapfrog, according to the World Bank Country Director for Vietnam, Ousmane Dione. Speaking at the Industry 4.0 Summit 2018, Ousmane Dione said that Vietnam has successfully inserted itself into select global value chains and achieved a remarkable reduction in poverty. However, in […]
Read MoreVietnam’s policy on tightening control over import and decreased domestic consumption as well as exports in South Korea have prompted South Korean investors to set their car part production bases in Vietnam. While Hyundai is still considering where to set up its automobile factory, Vietnam or Indonesia, Pyeong Hwa Automotive has spent $16.7 million on […]
Read MoreVietnam’s business environment has been improved significantly, especially the competitiveness, said US businesses from the US-ASEAN Business Council (USABC). During a meeting with Minister, Chairman of the Office of the Government Mai Tien Dung in Hanoi on July 11, the USABC delegation showed the desire to invest or expand investment in Vietnam in animal feed […]
Read MoreA Vietnamese firm plans to invest US$500 million to build a steel factory in Sihanoukville Provincecapable (Cambodia) of generating around 2 million tons of steel each year. The study plan was revealed during a meeting between Sihanoukville governor H.E Yun Min and Mr. Chu Quang Vu, manager of Research & Development for steel firm HoaPhat […]
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