Prime Minister Nguyen Xuan Phuc attended the inauguration ceremonies for LG Display’s US$1.5 billion project and the $41.8 million Nguyen Binh Khiem interchange in the northern port city of Hai Phong on Monday. LG Display’s project, specialising in producing organic light-emitting diode (OLED) screens for smartphones, smartwatches and tablets is expected to create 6,000 jobs […]
Read MoreToday in Ho Chi Minh City, Kathleen Wynne, Premier of Ontario in Canada, announced 14 agreements between organizations in Vietnam and Ontario worth almost $25 million. Ontario is home to Canada’s capital city, Ottawa, and Canada’s most populous city, Toronto. Ontario is the seventh-largest economy in North America. For the first time, a delegation of 60 led by Kathleen Wynne […]
Read MoreJapan’s Sojitz Planet Corporation formed a strategic partnership with Rang Dong Plastics JSC today to set up a new venture called Rang Dong Long An. With a total investment capital of $32 million, Rang Dong Long An is an 80:20 venture between Rang Dong Plastics and Sojitz Planet. The project will house three factories on an 8.7-hectare […]
Read MoreThe two projects are a railroad construction to Hai Phong International Port and a professional industrial park for Japanese companies. The length of the railroad construction to Hai Phong International Port is 57 kilometers and its width is 1.4 meters. The project would run under the formats of public-private-partnership (PPP) and build-operate-transfer (BOT) formats. The […]
Read MoreBosch plans to further strengthen its presence in Vietnam with an additional EUR58 million ($67 million) investment in its gasoline systems facility in the southern province of Dong Nai. “With this investment, we are able to meet the rising demand for continuously variable transmission pushbelts from automakers across the Asia-Pacific and North America,” said Peter […]
Read MoreIn the first stage, Hyosung will inject $133 million and $336 million, respectively, into building a liquefied petroleum gas (LPG) storage tank and PP production plant with an annual capacity of 600,000 tonnes per year. According to Mr. Nguyen Anh Triet, director of the Cai Mep Industrial Zone Management Authority, told VIR that the Ministry of Industry […]
Read MoreForeign direct investment (FDI) attraction in the first 11 months of this year has exceeded forecasts by hitting $33 billion, up over 82 per cent compared to the same period last year. This figure comes from the impressive surge of Japanese investment and the positive impacts of the APEC event in the central city of Danang […]
Read MoreThe Vietnamese government’s granting of investment certificates to thermal power plant with a total investment capital of $8.37 billion contributed to raising the total value of foreign investment capital in Vietnam to $33.09 billion in 11 months of 2017. According to information published by the Khanh Hoa People’s Committee, Sumitomo Group from Japan has been […]
Read MoreThe value of foreign direct investment (FDI) capital in Vietnam reached US$33.09 billion in the first 11 months of this year, a year-on-year increase of 82.8 percent. The FDI value mainly came from new projects, additional investment capital and buying stake, the Ministry of Planning and Investment’s Foreign Investment Agency reported. Specifically, the ministry licensed […]
Read MoreThe economic achievements and potential of Poland are a great foundation to develop and reach out to large markets outside of Europe. Vietnam is one of the five key markets the Polish government has chosen to spur co-operation with. The Polish economy ranks 23rd over the world and 6th in the European Union (EU). It is also […]
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