News

US-based Gen X Energy is considering a US$6-billion liquified natural gas (LNG) project in Vietnam.

Heineken was a direct competitor of Thaibev for the acquisition of Sabeco in late 2017. However, Thaibev won the race by spending US$4.89 billion for a nearly 54% stake of Sabeco.

In Vietnam, three major mobile carriers Viettel, Vinaphone and Mobifone decided against using Huawei’s 5G technologies, with the latter two under the management of the Committee for State Capital Management (CSCM).

All fields, except for security and national defense, must be open for investment, said Prime Minister Nguyen Xuan Phuc.

The visits took place in a time the US is striving to boost its influence in the Indo-Pacific region where China is increasing its economic weight.

This would result in total accumulated foreign capital to Hanoi at US$42 billion in 5,300 ongoing projects.

During the first nine months of 2019, industrial park companies achieved impressive business results, especially developers who own large-scale land banks for lease.

The government expected expenditure for development in 2020 to increase by VND41.3 trillion (US$1.77 billion) or 9.6% higher than the estimate in 2019 and account for 26.9% of total state expenditure.

The government continues to support private investors participate in major transportation projects under the form of public-private partnership (PPP).

The guarantee of foreign investors` rights is a key to the investors as regulations had been changed frequently, making it harder for them to invest in Vietnamese assets, according to an expert.

There has been a growing number of local startups who neglect raising funds in subsequent rounds after gaining initial successes, said an expert.

The result indicated improvements of Hanoi`s business and investment environment, said Director of the municipal Planning and Investment Department Nguyen Manh Quyen.

The event is expected to enhance the role of Vietnam as a strategic gateway of Italian trade and investment in Asia and Southeast Asia regions, thereby, raising the country`s profile internationally.

FDI commitments in the January – September period totaled US$26.16 billion, up 3.1% year-on-year.

The slow disbursement of public investment over the last ten years has created a bottleneck for the economy.

Although the national expressway project is a national priority with very high standards, local companies are fully capable of executing the project, said an expert.

Investment activities continue to be a priority in cooperation between Hanoi and Singapore.

Amata VN projects a new industrial estate based on a township concept, a combination of manufacturing, commercial and residential zones.

State-owned enterprises and agriculture, which once monopolized the economy, are losing prominence as the nation works to achieve sustainable development through more open trade and industry.

A specialized law on public private partnership (PPP) is necessary to avoid overlapping regulations stipulating PPP investment activities, said Minister of Planning and Investment Nguyen Chi Dung.