Investment

The Ministry of Industry and Trade (MoIT) has decided to cut down 675 business and investment conditions, equivalent to 55.5 percent of the total conditions.

The Ministry of Industry & Trade has removed 675 business and investment conditions under its state management responsibility for the period 2017 – 2018.

On September 21, the Embassy of India in Hanoi in collaboration with the Vietnam Academy of Social Sciences hosted a seminar on "Vietnam - India: Prospects for Prosperity and Partnership Relations on the 70th anniversary of the Independence Day of the Republic of India."

On 21 September 2017, Permanent Secretary of State, Vice Minister for Energy, Utilities and Climate Mr. Thomas Egebo during his visit to Vietnam attended the opening of Grundfos’s new head office in Hochiminh city.

On Sep, 21, at Hoa Lac High-tech zone (Hanoi), the construction of Aircraft Engine Parts Factory of Coporation Hanwha Techwin (South Korea) started.

With the aim of being the start-up center, Hanoi has been supporting and accompanying start-ups in creating favorable conditions for their development, especially with IT enterprises.

Politburo member and Secretary of the Ho Chi Minh City Party Committee Nguyen Thien Nhan hosted a reception on September 19 for UK Ambassador to Vietnam Giles Lever, who noted British firms’ intention to expand operations in the city.

With the Government releasing the policy to develop the solar energy industry, it is poised for a boom, a workshop heard in Ho Chi Minh City on September 18.

The 9th Economic Corridors Forum under the Greater Mekong Sub – region (GMS) has been jointly held by Ministry of Planning & Investment and Asian Development Bank (ADB) on September 19 at Hanoi.

In the first eight months of the year Vietnam attracted foreign investment worth more than 23.36 billion USD, a year-on-year increase of 45.1 percent.

A forum was held in Brussels, Belgium on September 18 to promote economic ties between Vietnam and Belgium and other European nations, with more than 100 business representatives in attendance.

The China-Vietnam investment promotion forum took place in Beijing, China, on September 18.

800 representatives including local and foreign experts, scientists have attended the International Conference on Traffic Safety in East Asia (EASTS 12) 2017 to look for traffic safety solutions.

Deputy Prime Minister Vuong Dinh Hue has applauded the investment in wind and solar energy in Vietnam of Belgium’s Rent-A-Port and suggested the company work on connecting wind power with Vietnam’s national power grid.

Capital for enterprises’ operation has always been a headache for managers, as the access to banks’ loan is very difficult. In these situation, financial leasing is optimal solution.

The US-based power company AES Corporation said it wants to join the PetroVietnam Gas JSC (PV Gas) in the Son My 2 gas-fired thermal power project.

Vietnam is stepping up the equitisation of State-owned enterprises (SOE) and wants foreign investors to pay attention to this area, Prime Minister Nguyen Xuan Phuc said on September 14.

Hanoi plans to build 14 bridges crossing the Red and Duong Rivers in the city from now to 2030, revealed Vu Duy Tuan, Deputy Director of the municipal Department of Planning and Investment.

Under the Official Letter 4389/UBND-KT dated September 8, the Hanoi People’s Committee requests agencies, departments, sectors Hanoi Business Association, Hanoi Association of Small and Medium Enterprises to report the plan on realizing Plan 74/KH-UBND on improving business, investment environment and increasing Provincial Competitiveness Index (PCI).

According to economic experts, brand positioning is one of the decisive factor to develop production, business activities to gradually dominate the market.