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was among the country’s would-be three special economic zones (SEZs) in a controversial draft law on SEZs that was withdrawn last year.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

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.