Investment

The Hanoi People’s Committee held a groundbreaking ceremony for the construction of Formula one racing circuit at Nam Tu Liem district on March 20.

The higher the expected rate of return, the more that private funds would be attracted, according to an ADB expert.

The move came shortly after Hoa Phat announced its business plan for 2019, in which the group’s after-tax profit target was revised down by 22% year-on-year to VND6.7 trillion (US$288.74 million).

US enterprises are interested in Vietnam’s policies and initiatives towards developing a digital economy and the innovative startups.

Hanoi is committed to ensuring the best support for German companies.

According to a recent survey of the Japan External Trade Organization (JETRO), Vietnam’s localization rate has risen gradually since 2010, and in 2018 it rose to 36.3 percent from 33.2 per cent in the previous year.

French hotel group Accor and US Marriott are increasing presence in the city.

The complementarity between Vietnam and Russian markets would facilitate more investments and trade between the two countries.

According to experts, the inflows of high-quality investors will help Vietnam solidify its position as a manufacturing powerhouse besides appealing to many other components suppliers to the country.

The offer of such a size is expected to attract foreign investor and spur the company’s long-term growth.

EuroCham members believe that the detailed recommendations outlined in the Whitebook will help to make Vietnam a more competitive, attractive and business-friendly trade and investment environment.

Besides the CPTPP, Vietnam is also due to liberalize its government procurement market under the Europe-Vietnam Free Trade Agreement (EVFTA), which is expected to be signed this year.

As the US – Vietnam relationship is growing strongly, the increasing presence of US companies in Vietnam shows their confidence in the country, VnExpress reported.

By offloading ScaleLab, Yeah1 is losing an opportunity to expand its presence in the global market, as ScaleLab’s full roster of 1,750 influencers encompasses over 400 million YouTube subscribers, and garners 3 billion views per month.

The International Air Transport Association also estimated that between now and 2020, passenger transportation in Vietnam is expected to rise by 16 percent, and from 2020 to 2030, by 8 percent.

Chairman of China`s largest private builder wants to invest in an expressway project that runs across Vietnam.

JBIC gives priority to projects involving technology transfer and encourages Japanese small and medium enterprises to expand their businesses in Vietnam.

Acecook expected cup noodles to account for 9% of overall sales in Vietnam in 2022, up four percentage points from 2017.

The Chinese promotion of economic development strategies, especially the Belt and Road initiative of Chinese President Xi Jinping, has propelled Chinese investment in Asian countries, including Vietnam.

Vietnam would give priority to the energy sector, especially renewable energy; manufacturing and processing; supporting industries relating to the production of computers, phones, automobile and oil refinery, among others, which Air Liquide has advantage of.