Investment

Hau Giang southern province of Vietnam will organise an investment promotion conference in the middle of September to attract investment capital for its key projects.

Multi-level marketing (MLM) is a famous business model all around the world. MLM reduces many costs during the good distribution process, so that both sellers and consumers can earn benefits.

PM Nguyen Xuan Phuc welcomed the U.S. oil and gas group ExxonMobil to launch investment activities in Vietnam, asserting that the Vietnamese Government will facilitate the ExxonMobil to successfully operate cooperative programs and projects in Vietnam.

Dohwa Engineering Company Limited from the South Korea has began construction of a renewable energy power complex in Le Thuy District of the central coastal province of Quang Binh.

As it prepares to host the 2017 APEC Summit, Da Nang City is hoping a business convention in September will help it bolster its already-strong record of attracting foreign and domestic investment.

Tan Vu - Lach Huyen road (Hai Phong city), also known as the longest bridge across sea in Vietnam, is scheduled to be put into operation in early September. Many people may not know that there is a special tunnel under that bridge.

This is one of the most important bridges in Hanoi.

GE has a long history with Vietnam. It set up its first Vietnamese outpost 24 years ago, making it the first corporation to establish ties with the country after the U.S. lifted a decades-long trade embargo.

Vice Chairman of Ho Chi Minh Real Estate Association (HoREA) Nguyen Quang Phuc said that for the residential segment, affordable housing is not only suitable for people’s pocket, but also meets the demand of many residents.

The Hanoi People’s Committee issued Decision 5632/QD-UBND dated August 16 on allocating fund to prepare detailed planning scheme, amend and supplement planning scheme on building new-style rural communes and project on building new-style rural area in 18 communes and townships of the Capital city.

Due to the assignment of the Prime Minister, the Deputy Prime Minister, Mr. Vuong Dinh Hue has just signed the Decision No. 1232/QD- TTg approving the list of enterprises which the State will withdraw capital. The minimum rate of capital withdrawal will be decided for enterprises with state capital in the period 2017 – 2020.

Currently, there are many supports for start-ups such as start-up incubator, co-working space, etc. However, in reality, a legal framework for start-ups is needed for them to be flourish.

Currently, the majority of solar power projects in Vietnam are of small scale, not only because investors have not paid attention to this renewable energy, but also because policies related to the development of solar power are not stable.

On Aug 21, a new mountain road tunnel opened to traffic after six-year-construction, helping to reduce the travel time through the Deo Ca Pass between Phu Yen and Khanh Hoa provinces by 30 minutes.

Nam Kim Steel Joint Stock Company has approved a report on the pre-feasibility study, conducted for setting up a steel sheet factory in the southern province of Ba Ria-Vung Tau.

Hanoi’s Department of Information and Communications has recently organised an investment promotion conference to call for investment in 12 start-up projects under the Hanoi Innovative Business Incubator of Information Technology.

According to preliminary survey and the latest unit price update of Dong Nai People`s Committee, the total cost of site clearance and resettlement of Long Thanh airport construction is about VND 23,000 billion or slightly over one billion USD.

India’s Hero Future Energies Asia Pte.Ltd held a working session with the People’s Committee of Binh Phuoc province of Vietnam on August 16 to explore investment in a solar power project in the province.

The number of foreigners living in the West Lake always surpasses other parts of Hanoi.

Deputy Prime Minister Vuong Dinh Hue has stressed opportunities for AIA Group Limited to invest in Vietnam’s potential life insurance market.