News

Sustainable development of small and medium enterprises is essential for Vietnam to have one million enterprises by 2020, said Prime Minister Nguyen Xuan Phuc.

The deal, once completed, would shrink Hapro’s stakeholding at the company to 30%, while the share price would not lower to under VND10,000 (US$0.43) apiece.

The majority of investment capital in Hanoi is under the form of capital contribution and share acquisition with US$6.47 billion.

The Vietnamese government now also places high expectation for new Korean investment, especially in advanced and new technologies.

In less than a month, Masan Consumer, a consumer business of major conglomerate Masan Group, has initiated two deals to take its businesses beyond the food and beverage sector.

Vietnam continues to be one of Thaibev’s core markets and is an integral part to its goal of becoming a stable and sustainable leader in Southeast Asia’s beverage industry, stressed Thaibev.

Under the deal, Sumitomo Life raised its shareholding at Bao Viet from current 17.48% to 22.09%.

Vietnam is committed to opening the financial market to foreign investors, particularly in financial services.

The sluggish disbursement of public investment is attributable to the combination of three major factors.

The Vietnamese government encourages local enterprises to invest in Myanmar, which could become a major market for Vietnam in the future, said Prime Minister Nguyen Xuan Phuc.

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.