Investment

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.

Brewing groups including Thai Beverage, Anheuser-Busch InBev and Kirin Holdings are gearing up to bid for a stake in Vietnam`s largest brewer, Sabeco.

Foreign direct investment (FDI) has played an important role in boosting Vietnam’s economic growth, but recent changes in policies and regulations, which are not consistent with international best practices, have exposed many foreign investors to considerable risks and obstacles in executing their investments.

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.

In 2017, the American Chamber of Commerce (AmCham) celebrates 23 years serving as the “Voice of American Business” in Vietnam.

The northernmost mountainous province of Ha Giang has recently held an investment promotion conference to introduce its potentials to investors.

Japan’s Fuji Engineering Vietnam Co., Ltd on December 7 inaugurated apartments for lease and facilities that provide services for Japanese employees at Dong Van I Industrial Park, Duy Tien district, the northern province of Ha Nam.

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.

The Vietnamese Government encourages enterprises from South Korea to further investments in high-tech industries like support industry, IT, energy and high-quality agriculture.

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.

Due to weak linkages between domestic enterprises, foreign markets and investors, the level of Vietnamese enterprises’ integration in global value chain remains modest. However, more chances will come as Vietnam has become the world’s spotlight in attracting FDI.

Deputy Minister of Transport Nguyen Ngoc Dong said that the plan for the trial run of the Cat Linh-Ha Dong urban railway project, Hanoi’s first metro line, must be rebuilt as the date for the test run in October has passed.

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

International investors, including those from Denmark, are really keen on exploring Vietnam’s market with untapped huge potentials for wind power development, said Bo Monsted, Commercial Counsellor at the Danish Embassy in Vietnam.

The Vietnamese Government always supports and creates favourable conditions for domestic and foreign investors, including those from the South Korea, to expand business operations in the country, said Prime Minister Nguyen Xuan Phuc.

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.

The Municipal People’s Committee issued a number of decisions (8202/QD-UBND, 8203/QD-UBND, 8204/QD-UBND, 8205/QD-UBND, 8206/QD-UBND, and 8207/QD-UBND) on establishing industrial clusters in Ba Vi, Quoc Oai, Phuc Tho and Ung Hoa suburban districts.