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Vietnam could become a variant of Silicon Valley of Asia in the near future, according to CPO of TiKi Sakshi Jawa.

With manufacturing moving to Vietnam, with more employment getting created there, people having higher disposable income, that starts a trend of consumption story, said executive at US investment firm General Atlantic.

The Vietnam production lines will be a key part of Google`s drive for growth in the smartphone market, aiming to ship some 8 - 10 million smartphones this year, double from a year ago, sources told Nikkei.

The OPEC Fund for International Development expects to become Vietnam’s credible partner in development, said the fund’s executive.

As of August 20, 540 new projects have been approved with total commitments of US$284 million in the eight-month period, while 130 existing projects have been injected an additional US$362 million.

FDI commitments in the January – August period reached US$22.6 billion, down nearly 7% year-on-year.

Having started operations in 2017, the 39.4-megawatt Dam Nai Wind facility is one of the first wind power projects in Vietnam to have been successfully brought online.

With a total investment of VND4.7 trillion (US$202.3 million), the airline plans to add six planes on average per year to expand its fleet to a total of 36 by 2025.

The disbursement of domestic capital in the January – July period reached 35% of the year’s plan, while that of foreign capital was much lower, at 8.6%.

The plant would cover an area of 300 hectares with production capacity of 1.5 million tons of ferrochrome carbon per year in phase 1, as well as one million tons of stainless steel and one million tons of non-ferrous metals per year in phase 2.

Vietnam, along with Singapore and Indonesia, has been named as the top countries where organizations see Belt and Road Initiative opportunities, according to PricewaterhouseCoppers.

As of the end of 2018, 376 companies had listed shares on the HNX worth VND127 trillion (US$5.48 billion), up 7.77% year-on-year.

Since last June, 33 listed Chinese companies have informed China`s two stock exchanges of their plans to follow their foreign counterparts out of the country to mitigate the prolonged trade war between China and the US.

The project will construct climate-resilient transport and urban infrastructure needed to boost tourist arrivals and tourist services investment in the provinces of Hoa Binh, Nghe An, Quang Binh, Quang Tri, and Thua Thien-Hue.

Vietnam is making efforts to tighten control over Chinese goods seeking to be designated Vietnamese-made items.

Vietnam is making efforts to tighten control over Chinese goods seeking to be designated Vietnamese-made items.

Vinpearl Air plans to add six planes on average per year to its fleet to reach a total of 30 by 2024, including 21 narrow-body and 9 wide-body aircraft.

The average investment capital of fresh projects in 2017 reached US$13.8 million per project, then decreased to US$5.87 million in 2018 and US$4 million in the first seven months of 2019, according to the Ministry of Planning and Investment (MPI).

Vietnam has huge potential for investment especially high-tech projects, thereby, the Vietnamese prime minister suggested the Hongkong-based manufacturer to expand its investment to Vietnam’s three biggest cities including Hanoi, Danang, Ho Chi Minh City.

The lack of commitments from ministries, provinces and executives at state firms are factors behind the slow privatization progress, while problems in finance, land and laborers from periods prior to the privatization also hindered the process at target companies.