Investment

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.

Ho Chi Minh City’s real estate sector attracted 984.4 million USD in foreign direct investment (FDI) during January-November, triple the figure from the same time in 2016.

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.

According to Vice Governor of the province Buasone Vongsongkhon, Vietnam is investing effectively in Champasak province.

Vietnam is attracting more Chinese investors, who are looking to relocate manufacturing to Vietnam to avail themselves of the country’s favorable investment conditions.

The construction of Vietnam’s first high quality post-tensioning steel factory due in the first quarter next year will help the country not to depend on imported steel.

Some experts said that Vietnam is still a very attractive location to do business and multinational corporations such as Samsung, Intel, Hewlett-Packard and Rebisco have recently made large-scale investments in the country.

The implementation of fiscal decentralization in Vietnam since the late 1980s has resulted in local authorities now controlling more than half of total government spending, and 60% of capital investment.

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.

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.

Encouraging private investment in green growth projects was among key topics at a conference to review mid-term implementation of the national green growth strategy in the northern region in Hanoi on December 12.

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.

Deputy Minister of Industry and Trade Hoang Quoc Vuong said that European Trade Policy and Investment Support Project (EU-MUTRAP) has helped Vietnam further integrate into the global and regional trading systems while promoting Vietnam-EU trade and investment relations.

Numerous hi-technology projects have been granted investment licences and allowed to increase investment capital in the last months of the 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.

Shares are forecast to slow down this week in the face of rising profit-taking pressure after a long rally, net selling by foreign investors and uncertainty before the portfolio restructuring period of exchange-traded funds (ETFs).

It is expected that the urban railway of Cat Linh - Ha Dong will run technical tests on September 2, 2018, after it missed a scheduled test in October.