Investment

Vietnam`s state-owned Song Da Corporation plans to raise some 2.4 trillion dong ($106 million) at its initial public offering (IPO) on the Hanoi Stock Exchange on December 25.

Vietnam always creates favourable conditions for foreign investors, including those from Egypt, to operate in the country, Vietnamese Ambassador to Egypt Do Hoang Long said at an investment promotion workshop in Cairo on December 20.

Finance-banking, real estate-construction and consumer goods are three industries that gain the highest profitability in the securities market in 2017.

Singapore-based Keppel Land Limited (Keppel Land) has signed two sales and purchase agreements to acquire 100 per cent interest in two prime sites in Ho Chi Minh City at a total cost of US$297 million.

The key binding constraints in the enabling environment in Vietnam that cut across sectors relate to skills management capabilities, innovation, and standards.

A delegation from the Confederation of Indian Industry (CII) led by First Secretary of the Indian Embassy in Vietnam Rafiv Bodwade has paid a field trip to Binh Duong province of Vietnam to seek investment opportunities.

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

Aeon Mall Vietnam is accelerating to be able to break ground the US$180 million shopping centre in the northern port city of Hai Phong in the second quarter next year, Iwamura Yasutsugu, General Director of the company, said.

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.

Boosting productivity growth, especially that of the domestic private sector, is a key priority of Vietnam.

Authorities in the Cambodia-Laos-Vietnam (CLV) Development Triangle Area on December 18 gathered in the central province of Binh Phuoc to boost the cooperation in investment, trade and tourism.

Prime Minister Nguyen Xuan Phuc is ready to dialogue, remove difficulties for investors in the production process, business.

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.

Quang Ninh Province of Vietnam has decided to choose Arcadis & Callison RTKL from Hong Kong (China) to become its consultant for the development of Van Don special administrative-economic zone.

Vietnam’s e-commerce market is heating up as e-commerce giant Amazon has shown interest in the market following Alibaba’s footsteps.

Many foreign invested projects in high-tech industries have received investment licenses and approval for raising capital in Vietnam in the last months of 2017.

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 members of the Vietnam Business Forum’s (VBF) working group on capital market, the new law on securities should allow full foreign ownership at public companies and investment funds.

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.