Investment

Stakeholders will address challenges and suggest solutions to maximize wind power potential in Vietnam.

The merging between two local start-ups Vimo Technology, a mobile wallet provider, and mPOS Technology, which develops portable point-of-sale technology, aims to add scale in the market where cashless payments are booming.

The investment inflow from China to Vietnam is seeing big changes with large investors pouring into the country, instead of just small ones as previously.

Following the partnership, Mirae Asset, one of the world’s leading asset managers overseeing USD375 billion in assets, will invest an undisclosed amount in VinaCapital Ventures.

In the next three years, startups in Vietnam are expected to receive large funding in Series A worth US$205 million, US$320 million and US$440 million, respectively.

High solar irradiance and wind flow velocity are factors making Vietnam`s renewable energy advantages.

E-commerce companies have spent aggressively to gain market share, intensifying the competition and the short-term losses.

Vietnam, a country with nearly 100 million people, is a dynamic economy and is an active member of the ASEAN community whose GDP reaches nearly a combined US$3 trillion.

A healthy growth of such industry would help rebalance Vietnam’s economic structure, especially as the country expects to take advantage of the Fourth Industrial Revolution for further development.

Sharp plans to temporarily move its PC production to Taiwan before switching manufacturing to a new plant in Vietnam that is expected to start operation after October.

A lot of people from China, South Korea, even Japan are buying resort properties in Vietnam, which is considered a sign of an attractive market to investors.

Though the current legal regulations allow foreign investors to fully own a local firm, it still prevents the investors from pouring funds into some conditional business lines, such as banking and aviation sectors with foreign ownership cap limited at 30 percent.

This year’s conference will be co-chaired by Vietnamese Prime Minister Nguyen Xuan Phuc and Italian Prime Minister Giuseppe Conte.

The Eastern North-South expressway project includes 11 sub-projects with total length of 654 kilometers running through 13 provinces and cities, of which three will be financed by state budget and eight under the PPP and build-operate-transfer (BOT) financing.

The new policies will simplify procedures, explaining that instead of 95 laws and ordinances, investors only have to relate to two legal documents regulating planning. This is a way to reduce administrative procedures and increase transparency and stability of the law.

Vietnam has outpaced regional peers in attracting foreign investment over the last years.

The total investment of the project is estimated at nearly US$58.7 billion, of which, state budgets will cover at least 80 percent and the remaining will be raised from the private sector under the PPP model.

The country plans to need about US$480 billion for infrastructure investment by 2020, with additional projects in the pipeline including about 1,380 km of highway and around eleven power plants.

Vinalines previously faced criticism from the public following the sale of majority stake in Quy Nhon port at price significantly lower than its market value during the 2013 – 2015 period.

Vietnam is struggling to develop its energy sector since many coal-fired power projects have been behind the schedule, its hydropower potential is almost fully exploited and oil and gas reserves are drained away.