Investment

VinFast said its Singapore-based holding company had filed for an initial public offering (IPO) with US securities regulators.

The loan will support LDC’s operations in India, Indonesia, Pakistan, Thailand, and Vietnam by financing coffee, cotton, and rice inventories for over 50,000 smallholder farmers across these countries.

The amount of FDI capital pouring into fields of high environmental risks, obsolete technologies or labor-intensive industries has been on the decline.

The report added that out of 65 countries and territories investing in Vietnam in the first three months of 2022, Singapore took the lead with $2.29 billion, or 25.7% of the total.

The company intends to invest up to $2 billion in the first phase of its project at the Triangle Innovation Point megasite in Chatham County.

Vietnam seen as is a fast-growing economy that offers a sizeable domestic market, with a well-educated, tech-savvy, and cost-competitive labor force.

Local authorities will ensure the right spending and purposes, avoiding overlapping with other support programs.

Laos remains the largest recipient of Vietnam’s outbound investment capital from a total of 78 countries and territories.

The 100% Turkish-invested project shows the attractiveness of Vietnam as a foreign investment destination.

The new facility will be equipped with warehousing automation, smart building, and energy-efficient solutions.

The VSIP III covers an area of 1,000 hectares, will be a successful example in Vietnam-Singapore cooperation, and evidence that Vietnam continues to be an attractive destination for investors

The project, estimated to be around VND87.1 trillion (US$3.81 billion), would be divided into seven sub-components and carried out under the combination of private-public partnership (PPP) and public investment mechanisms.

The industrial park will prioritize both high-tech tenants and labor-intensive industries such as apparel and footwear.

The airport is expected to boost socio-economic and tourism development in Lao Cai Province and the whole northwestern region of Vietnam.

The Vietnamese Ministry of Transport granted a license to Sun Air, which is owned by Sun Group, a Vietnamese real estate developer.

As of February, Vietnam disbursed around $2.7 billion in FDI, a sharp rise of 7% against the same period of last year.

The project is expected to raise the income of rice farmers and economic efficiency in agricultural production in the Red River Delta.

The fintech company will operate in Vietnam in addition to being present in other four countries including Singapore, Indonesia, Malaysia, Thailand.

The project will not only help strengthen Vietnam’s logistics and freight sector but also the logistics performance of the ASEAN block.

The project, once completed, would be essential for the development of the domestic industrial sector and put the country on the map of the world’s major exporters of petrochemical products.