News

Nguyen Thien Nhan, Secretary of the Ho Chi Minh City Party’s Committee, has called on US technological groups and companies to expand their investment and cooperation in the city.

Many world’s leading conglomerates in oil and gas sectors have showed interest in the State capital divestment from Vietnam’s sole oil refinery Dung Quat due on January next year.

According to the Ministry of Industry & Trade, Vietnam Beverage, a unit of Thai Beverage has registered to purchase at least 25 percent of the nation`s top brewer, Sabeco, in which the government is selling a $5-billion stake.

During her first visit to Vietnam, World Bank Vice President for Sustainable Development, Laura Tuck reaffirmed the World Bank Group’s continued support for Vietnam as the country addresses the challenges of rapid urbanization and the impacts of climate change.

Since the beginning of the year, Vietnam’s business environment has been transformed progressively, while institutional reform and private sector development are important for economic growth.

Da Nang has decided to choose the theme titled ‘The year for promoting investment attraction’ for 2018 to capitalize on the success of the APEC Summit Week to boost the central city’s socio-economic growth.

Before the Vietnam Business Forum 2017 takes place on December 12, a series of recommendations and suggestions from domestic and foreign enterprises have been discussed.

Vietnam Trade Facilitation Alliance (VTFA) highly appreciated the efforts of the Government of Vietnam in improving regulatory frameworks and administrative reform, which aims to reduce administrative procedures and facilitate trade and investment.

Taiwan (China) becomes Vietnam’s fourth largest investor with 2,500 projects worth more than US$30 billion of registered capital, Nguyen Thanh Truc, Director of the Binh Duong province’s Department of Planning and Investment, said.

With the objective of supporting Vietnam to become a developed country, a capital venture with up to 1 million USD established by Lotte Accelerator and Vietnam Silicon Valley Accelerator is expected to bring more benefits for Vietnam’s start-up community.

As the world economy has been sluggish with several unexpected events, the stability on policy and regulations is now one of the most priorities for enterprises in investing abroad.

The central Quang Tri Province considers success of investors to be its own success so that it commits to create the most favorable conditions for investors, Nguyen Van Hung, Secretary of the provincial Party Committee, said.

Van Don International Airport, the first airport invested by a private business in Vietnam, is scheduled to be operational in late June 2018.

Korea’s LG Display on Nov. 30 approved a funding plan worth 1.19 trillion won (US$1.10 billion) for the expansion of its Vietnamese module plant, apparently in a preemptive move to reduce risks from the government’s delayed approval for its first OLED plant in China.

Kim Dong Hwan, Samsung Vietnam`s (SEV) deputy general director said that the increasing number of Vietnamese suppliers who provide parts and components to Samsung would not only help SEV reduce its production costs, but also develop the country’s auxiliary industry.

South Korea’s Hyosung Group is seeking a foothold in the Japanese market and the rest of the world through Vietnam.

As Vincom Retail raised 740 million USD in Vietnam’s largest ever equity deal, the shopping mall operator under Vietnam’s leading property developer Vingroup has been honored by the FinanceAsia magazine as “The Best Private Equity Deal” in 2017.

Considered as one of the countries with high attraction for Foreign Direct Investment (FDI) investment, however, FDI from Europe to Vietnam has not increased as expected.

​The Ho Chi Minh City exchange is humming, buoyed by a strong economy and state asset sales.

​ According to the Foreign Investment Agency of the Ministry of Planning & Investment, Vietnam received an estimated $16 billion in foreign direct investment (FDI) in the first 11 months of this year, up 11.9 percent from the same period in 2016.