News

Improving the business environment continues to be one of the priority in the government’s plan for socio-economic development in 2018.

Before starting the equitization process in 2019, the Vietnam Posts and Telecommunications Group (VNPT) is expected to complete its restructuring plan as approved in 2014 by the government.

At present, the government is holding 255 million shares, representing 51% chartered capital of VINAFOOD II.

The Hanoi People`s Committee proposed the Prime Minister to allow two domestic investors, Vingroup and T&T Group, to construct three urban railway routes.

With advantages in agricultural technology and high-quality tourism, the Central Highlands province of Lam Dong is calling for investment in 53 projects, including three national-level projects and 50 provincial-level ones.

With significant contribution of 5 billion-dollar-projects, the year 2017 marks the record high of foreign direct investment (FDI) to Vietnam.

The northern province of Nghe An has planned to focus on attracting investment in the infrastructure development of its industrial zones (IZ) next years.

Japan has taken over Korea as the largest FDI investor in Vietnam with total investment of 9.11 billion USD, contributing to 25.4% of total investment to Vietnam.

Head of the Ministry of Finance`s Corporate Finance Department Dang Quyet Tien has announced that the government will sell the remaining 36% stake in Sabeco.

In overall for 12 months of 2017, total value of newly, additionally registered capital, capital contributed and shares bought by foreign investors of 35.88 billion USD, up 44.4% compared to the same period of 2016.

Vietnamese enterprises have reaped successes in Laos thanks to sound business opportunities, market scale and operation quality in the neighboring country.

As the divestment plan of Vinamilk was concluded last month, the successful selling of 343.66 million Sabeco shares or 53.59% with value of nearly 4.8 billion USD on December 18 proved the market is having a positive response from government’s action.

The Viet Nam poverty rate, measured by the international standard, has decreased from 58% in 1993 to 14% in 2008. By 2012, the national poverty rate was estimated at 11.1%.

After completing transaction, Vietnam Beverage will become the largest stakeholder holding 53.59% Sabeco shares.

Foreign direct investment, along with international trade, is one of the most important vehicles for the international transfer of technology and knowledge to the local firms.

According to Airports Corporation of Vietnam (ACV), with current passenger growth rate, the capacity for air transport will exceed the original handling capacity in the next 3 years. Therefore, in the near future, it is necessary for the Noi Bai International Terminal to be upgraded to avoid the overloaded capacity similar to what is happening in Tan Son Nhat International Airport.

As of 18.00 p.m on December 11, which is 7 days before the taking place of bidding on December 18, only Vietnam Beverage registered the intention to acquire for more than 25% shares of Sabeco.

Total Japanese direct investment capital in Vietnam reached 8.94 billion USD in the eleven months of this year, four times higher than last year, according to the Foreign Investment Agency.

This`s included in an ambitious plan of Vietnam`s Ministry of Construction

The attraction of foreign direct investment (FDI) to the southern province of Binh Duong this year is very impressive with more than US$2.51 billion reported by the end of November.