News

Phu Quoc is the only coastal economic zone that is applicable to the law.

Vietnam agrees to purchase 1,200 megawatts of electricity from Laos in 2020, exceeding the original plan of 1,000 megawatts, and 5,000 megawatts until 2030.

The growth in investment size in Vietnamese startups over the past few years makes the target of having tech unicorns right in Vietnam feasible, Chu Ngoc Anh, minister of Science and Technology stressed.

Japanese enterprises want to be updated on legal procedures so that they could play a more active role in the process of state-owned enterprises privatization in Vietnam.

According to the agreement, Vingroup’s retail arm VinCommerce and its subsidiary VinEco would merge into Masan Consumer Holdings, the retail consumer business of Masan.

Samsung wants to change the purpose of the R&D Center or transfer the building and its related land-use rights to another party, in case of necessity.

Japan-style corporate philosophy putting humans the center of business has inspired a large number of Vietnamese companies.

Samsung would continue to increase investment in R&D and supporting industries in Vietnam and seeks more support from the Vietnamese government, said Lee Jae-young, vice chairman of Samsung.

The potential for cooperation between enterprises from Vietnam and Poland remains huge, with both countries being major producers and exporters of agricultural products.

To ensure successful businesses, one must fully integrate and adapt to the local environment. In this regard, no one is better than South Korean investors in Vietnam, said Prime Minister Nguyen Xuan Phuc.

The funding will focus on energy, environment, and vocational training in the next two years.

FDI commitments in the January – November period totaled US$31.8 billion, up 3.1% year-on-year.

The total investment capital of the project is estimated at VND100 trillion (US$4.3 billion).

A Swedish state-owned entity proposed a commercial loan of over US$1 billion for the construction of Long Thanh airport, the would-be largest of its kind in Vietnam.

In the previous version, the law stipulated the duration of an investment visa for investors is not longer than five years, which was considered flaw by the National Assembly’s Standing Committee.

Vietnam is one of South Korea’s key partners, especially when both are targeting US$100 billion bilateral trade in 2020.

Van Don district was among the country’s would-be three special economic zones (SEZs) in a controversial draft law on SEZs that was withdrawn last year.

The International Finance Corporation (IFC) remains a major shareholder of Vietinbank with a nearly 6.5% stake.

There will be no difference in the required minimum amount of capital for airlines providing international and domestic air transport services.

The plan targets to train and develop 10,000 – 20,000 IT engineers across the country for a network of IT centers.