Opportunities

Vietnam expected the Asian Infrastructure Investment Bank (AIIB) will become a reliable investment and capital channel to offer effective assistance for Asian countries in infrastructure improvement and development.

Samsung Display Vietnam has just announced that it will invest an additional 2.5 billion U.S. dollars in Vietnam`s northern Bac Ninh province.

Vietnam`s state-owned carrier and textile group will trade their shares on the board for unlisted public companies (UPCoM) on Jan. 3, 2017, two years after they sold down small stakes, following government orders to accelerate privatization.

Toong is a large-scale professional co-working space in Vietnam, finally opened its doors to startups, investors, and mobile professionals alike in August.

HanoiHub – the coworking space where you can relax, have fun while working.

Vietnam’s direct investment in Laos has constantly increased in the 2011-2015 period in the number of projects and registered capital, according to the Vietnamese Ministry of Planning and Investment.

Global Head of Business of Banking Standard Chartered Vietnam Rajeev Chalisgaonkar said at the recent workshop that the bank will assist the Vietnamese small-and medium-sized enterprises in capital management, business expansion and profit improvement.

The Vietnam Trade Promotion Agency under the Ministry of Industry and Trade in collaboration with its office in Chongqing city held a workshop in Hanoi on November 9 to promote exports to China and lure Chinese investment into Vietnam.

The Ministry of Planning and Investment said Vietnam is increasingly attractive to Indian companies, which had 118 investment projects by the end of 2015. As of late September, India poured an additional 85 million USD into Vietnam, raising its total investment capital to 524 million USD.

Vietnam imported 22.55 billion USD worth of machinery, equipment and parts in the first ten months of 2016, according to the General Department of Vietnam Customs. The figure showed increasing investment in the manufacturing and processing industry.

The Ministry of Planning and Investment (MPI) and the United States Agency for International Development (USAID) jointly held a seminar in Hanoi on October 19 to collect ideas on the draft Law on Support to Small and Medium-sized Enterprises.

Vietnam has been extremely one of the most attractive destination for Asian investors, especially those from Japan, the Republic of Korea and Singapore in the recent 10 years, according to CB Richard Ellis (CBRE) Director of Research, Consulting and Asset Management Services Nguyen Hoai An.

The Government is aggressively restructuring the national economy and innovation growth model and the local firms needs to be active in grasping opportunities to make breakthrough amid rapid international integration, Prime Minister Nguyen Xuan Phuc affirmed at a ceremony held in Hanoi on the occasion of Vietnam Entrepreneurs’ Day (October 13).

Nearly 90 percent of the surveyed enterprises believe that their production and business situation will remain stable or improve in the last months of 2016, according to the General Statistics Office (GSO).

Vietnam hopes to see Japanese firms increase investments in manufacturing machineries, pesticide and fertilizers for agriculture, as well as related technologies and the processing industry, according to Nguyen Do Anh Tuan, General Director of the Institute of Policy and Strategy for Agriculture and Rural Development.

Vietnam’s new import tariff, part of the Vietnam-Japan Economic Partnership Agreement (VJEPA) for 2016-19, has come into force.

Cuba is calling for foreign investment in the fields of agro-forestry products and food, sugar cane production, industry, tourism, energy and mining, Cuban Consul General to HCM City Berbabe Garcia said at an investment promotion conference in HCM City on September 23.

Australia has showed interest in importing Vietnamese frozen raw shrimps, Deputy Minister of Agriculture and Rural Development Vu Van Tam told with Vietnamese correspondents on the occasion of his working visit to Australia from September 8-10.

A seminar themed “European Union - Vietnam Free Trade Agreement: What’s in it for me?” was organised recently in the northern Hai Phong Port City to learn about what the trade pact entails.

President Tran Dai Quang and his spouse left Hanoi on August 26 for a State-level visit to Brunei from August 26-28 to mark the bilateral partnership and strengthen bilateral affiliation to potential fields of trade, investment, tourism, education-training, agriculture, oil and gas, and seafood.