Investment

A workshop was held in Hanoi on September 11 to further promote Vietnam-South Africa trade, investment and tourism cooperative relations.

The Hanoi People’s Committee issued Decision 6136/QD-UBND dated August 31, approving the project on protecting environment of craft villages in Hanoi to 2020, orientation to 2030.

A delegation of Dak Lak Province of Vietnam, led by Vice Secretary of the provincial Party Committee Y Bier Nie, held a workshop in Sydney, Australia to call for Australian investment in the province.

Minister of Planning and Investment Nguyen Chi Dung has visited South Korea to attend a celebration of the Korea Economic Development Cooperation Fund (EDCF)’s 30th founding anniversary.

On September 8, America Chamber of Commerce in Vietnam (Amcham) has cooperated with the National Assembly Economic Committee has jointly organized the conference “State owned enterprise (SOE) equitization from the foreign investor’s perspective”.

The Hanoi People’s Committee has recently issued 4274/UBND-KT, requesting relevant agencies, sectors, People’s Committees of suburban districts and towns to make investment and construction plans for power grid in rural area in the 2017-2020 period.

​On September 8, BiDV-SuMi Trust Financial Leasing Company (BSL), a joint venture between Bank for Investment Development of Vietnam JSC (BIDV) and Sumitomo Mitsui Trust Bank (SuMi Trust) of Japan has officially gone into operation, in turn opens a new door of opportunities in Vietnamese financial market.

Vietnamese businesses have not yet made the most of opportunities from the Vietnam-Korea Free Trade Agreement (VKFTA) to increase exports to the Republic of Korea (RoK) market.

Vietnam’s resort real estate market has strong potential to develop, such is the remark by Japanese investors at an event held by the property developer FLC Group in Tokyo on September 7.

Russian automobile company Sollers sets project to build an assembly plant in Vietnam in 2018, the company’s General Director Vadym Shvetsov said on the sidelines of the third Eastern Economic Forum in Vladivostok, Russia on September 6 .

Leaders of the Mekong Delta province of Soc Trang had a working session on September 6 with representatives of Youngone Corporation from the the South Korea on the production and recruitment plan for its garment factory.

Minister of Agriculture and Rural Development (MARD) Nguyen Xuan Cuong has said that efforts to attract investment in agriculture were not yielding sufficient fruit, urging authorities to focus on unbuckling bottlenecks to ease investment.

In order to take advantage of the industrial revolution 4.0, which focuses on Information and Technology (IT), Hanoi has prioritized implementing projects in this fields.

Southern Binh Duong province has been striving to build a friendly administration and turn itself into an ideal destination for investors.

The Hanoi People’s Committee has issued Official Letter 4203/UBND-KT dated August 29, requesting Ministry of Agriculture and Rural Development to add high-tech agriculture production of Hanoi into the national planning.

The Armenian government stresses that it will encourage investment attraction, create favorable conditions for foreign investors and issue a special mechanism for Vietnamese investors.

On National Day September 2nd, a 5.44km sea bridge, part of Tan Vu-Lach Huyen Highway in the northern port city of Hai Phong, was put into operation, becoming the longest sea bridge in Vietnam and one of the longest of its kind in Southeast Asia.

Hanoi People’s Committee Nguyen Duc Chung said, Hanoi is determined to become pioneer in improving investment environment and supporting enterprises development; sustainable economic development; international integration and modern technology application.

The flow of investment into Ha Nam has significantly increased in recent years thanks to the northern province’s concerted efforts in attracting more projects.

In order to develop the economy, as well as creating a synchronized transport system in Hanoi to reduce traffic congestion, Hanoi People’s Committee has proposed preferential mechanism to choose contractors building 4 bridges over Red and Duong river, with the total investment of 38 trillion VND.