Investment

exports of many sectors, such as textile-garment, fishery, timber manufacturing, logistics, realty and agriculture, will benefit significantly from the CPTPP and EVFTA.

Previously, only foreign passport holders were allowed to gamble in the country`s 30 casinos and electronic gaming parlors.

The plant is designed to have a production capacity of three to four million smart electronic devices per year, which would be supplied for both the domestic and foreign markets.

HCM City pledged to use its own budget to make advance payment for the contractor but they failed to pay within deadlines.

Nearly 90 percent of investors said that the hottest Southeast Asian investment destination outside of Singapore in 2018-2019 will be Vietnam and Indonesia.

The figure was 40% higher than the fund target of US$10 million, in which investors include GS Shop, Humax, and NCore, among others.

Following the completion of roads and tunnels, many property projects have been offered in the market.

With the holding of 5.23% stake in PV Oil, SK Energy is second only to Vietnam National Oil and Gas Group (PetroVietnam) which is the state capital representative with 80% stake,.

Some 80 percent of EuroCham members also believe the EVFTA will improve Vietnam’s competitiveness compared to other countries such as China, Japan and South Korea.

The divestment is part of VinaLand’s plan to liquidate in 2019.

Lotte Mall Hanoi is designed to offer 1,200 shops, 48 restaurants and cafés, a supermarket of 8,500 square meters (sq.m), a cinema, and 71,000-sq.m of underground parking lots.

US and China’s firms are looking at shifting production, assembly or sourcing of supplies to third countries, with Southeast Asia as the leading choice.

APEC’s member economies need to integrate “the Renewed APEC Agenda for Structural Reform (RAASR)” into their own agendas for better implementation

Many Vietnamese firms have received capital from foreign funds, which have contributed to increasing their competitiveness significantly.

Vietnam is seen as a shelter for increasing tariffs, which have arisen because of the trade conflict between Washington and Beijing concerning goods produced in China.

Appreciating US businesses’ investment in Vietnam, PM Phuc said the two sides have numerous cooperation opportunities.

Besides buying shares of Vietnam’s large securities companies, foreign investors have also poured significantly in domestic small securities companies through merger and acquisition (M&A).

Economy Minister Nguyen Chi Dung affirmed that Vietnam will not attract FDI at all cost. Rather, it will facilitate projects based on high technology, source technology, and a high added value.

The US investors want to know more about Vietnam’s policies and regulations with regard to new technologies and business models, especially the Cyber Security Law and investment procedures for digital currencies projects.

Sembcorp has been one of the pioneer enterprises in investing in Vietnam with nine VSIPs over the last 20 years, which are now the symbol of economic, trade and investment cooperation between Vietnam and Singapore.