News

Toyota Vietnam (TMV) has decided to expand its plant`s surface in Vinh Phuc province, but a number of factors are hindering the plan.

Foreign firms have been increasing investment in Vietnam’s textile and garment industry to enjoy free trade agreements and low labor costs.

Platinum Victory has completed the purchase of 8.35 million shares in Vietnam Diary Products Company, known as Vinamilk, announced the fund.

The auction attracted 37 investors registering to purchase 83.57 million shares of Bach Dang Construction Corporation, four times the amount of shares put on sale by the Ministry of Construction, announced the Hanoi Stock Exchange (HNX).

Foreign logistics firms have flocked to Vietnam’s logistics industry strongly through merger and acquisition (M&A) deals in a move to cash in on market opportunities.

Nawaplastic Industries, a subsidiary of Thailand`s Siam Cement Group (SCG), has managed to acquire nearly 1.7 million shares in Binh Minh Plastic, announced the former.

Foreign developers are enhancing the investment in Vietnam`s industrial real estate projects to seize huge opportunities as the Southeast Asian country is projected to witness a strong manufacturing growth in the near future.

Cadivi Dong Nai has registered to purchase 2 million shares of Hanoi Plastics, lifting its shareholding from 25% to over 55%.

The Ministry of Planning and Investment (MPI) has proposed the Government give pilot permission for Vietnamese citizens to gamble in casino in a casino in Phu Quoc, Vietnam`s largest island in the southernmost province of Kien Giang.

The equitization of State-owned enterprises (SOEs) has remained unattractive to foreign investors due to regulations on limiting the foreign ownership at 49 percent, experts said, suggesting the government to remove it.

The government has taken strong measures on promoting private enterprises in a move to make the sector generate half of the country’s economic output in the next two years.

A high trade surplus has cemented the leading status of foreign direct investment (FDI)`s sector in Vietnam`s exports, enabling the country`s positive trade balance in the first five months this year.

Vietnam`s National Assembly, the country`s supreme legislative body, has decided to delay the voting on a draft law on special administrative-economic zone (SEZ), which had been scheduled for June 15.

Positive policy changes and improved bad debt resolution are making Vietnam’s banking industry become more attractive to foreign investors, experts have said.

The Government will propose shortening the maximum land leasing tenure of 99 years at special administrative economic zones (SEZs), said Prime Minister Nguyen Xuan Phuc.

The establishment of special administrative - economic zones (SEZs) will have no impact on investment and development policies of Hanoi and Ho Chi Minh City, Deputy Prime Minister Vuong Dinh Hue has affirmed.

Despite the slowdown of FDI inflows in the first five months of this year, projects approved in the rest of the year will get the capital source back on track, officials forecast.

Minister of Planning and Investment Nguyen Chi Dung said many people are deliberately distorting the nature of the draft law for special economic zones (SEZs), which contains no word about China.

Ho Chi Minh City Securities Corporation (HSC) has completed the purchase of 7.2 million shares, equivalent to 10.6% charter capital in taxi firm Vinasun, according to the Ho Chi Minh Stock Exchange (HoSE).

Many foreign firms are exploring investment opportunities in Vietnam’s agriculture, fueled by the country’s innovation desire and commitments to streamline red tape in the sector.