Investment

After concluding the deal, GP Batteries becomes Hanoi Battery’s largest shareholder with over 3.55 million shares, or 49% stake at.

Foreign investors are heading to Vietnam to take advantage of both domestic and export markets thanks to the country’s signed free trade agreements.

Vietnamese customs authorities are keeping close watch on investment shift from foreign countries, especially China, into Vietnam to prevent product origin fraud and illegal transshipment.

Sustainable development of small and medium enterprises is essential for Vietnam to have one million enterprises by 2020, said Prime Minister Nguyen Xuan Phuc.

The deal, once completed, would shrink Hapro’s stakeholding at the company to 30%, while the share price would not lower to under VND10,000 (US$0.43) apiece.

The majority of investment capital in Hanoi is under the form of capital contribution and share acquisition with US$6.47 billion.

The Vietnamese government now also places high expectation for new Korean investment, especially in advanced and new technologies.

In less than a month, Masan Consumer, a consumer business of major conglomerate Masan Group, has initiated two deals to take its businesses beyond the food and beverage sector.

A strong business community is an essential component of a prosperous country, said Prime Minister Nguyen Xuan Phuc.

Vietnam continues to be one of Thaibev’s core markets and is an integral part to its goal of becoming a stable and sustainable leader in Southeast Asia’s beverage industry, stressed Thaibev.

Under the deal, Sumitomo Life raised its shareholding at Bao Viet from current 17.48% to 22.09%.

Both SK Group and South Korea’s National Pension Service (NPS) would contribute US$430 million to the fund.

Vietnam is committed to opening the financial market to foreign investors, particularly in financial services.

The sluggish disbursement of public investment is attributable to the combination of three major factors.

The Vietnamese government encourages local enterprises to invest in Myanmar, which could become a major market for Vietnam in the future, said Prime Minister Nguyen Xuan Phuc.

Phu Quoc is the only coastal economic zone that is applicable to the law.

In addition to being positive on cross-border investment, 62% of respondents in Vietnam expect to increase their domestic investment in the next 12 months, higher than other economies such as China, Japan and Singapore.

Experts believed that the government’s decision on increasing foreign holding will be a springboard for foreign investors to penetrate into the Vietnamese burgeoning market.

Vietnam agrees to purchase 1,200 megawatts of electricity from Laos in 2020, exceeding the original plan of 1,000 megawatts, and 5,000 megawatts until 2030.

The growth in investment size in Vietnamese startups over the past few years makes the target of having tech unicorns right in Vietnam feasible, Chu Ngoc Anh, minister of Science and Technology stressed.