Investment

China’s rising labor costs, the looming US trade war and Vietnam’s high growth are accelerating an already strong trend of foreign firms driving away from China to the Southeast Asian country.

Vietnam’s policy on tightening control over imported automobiles can encourage South Korean investors to set their car parts production bases in Vietnam, according to the Nhip Cau Dau Tu magazine.

AsiaCollect is focused on executing many more such transaction going forward, said Tomasz Borowski, CEO and co-founder of the company.

Despite high potentials of Vietnam`s retail sector, some large retailers have to scale down their initially ambitious plan on expanding convenience store chains in the market due to fierce competition and limited retail premises.

The Ministry of Transport has instructed Airport Corporation of Vietnam (ACV) to review and adjust the plan for different airports to stay in line with a prime minister-approved plan.

Business condition removal is one of the key measures for economic growth and efficiency, requiring strong efforts from government leaders and ministers, stated Prime Minister Nguyen Xuan Phuc.

The growth in Vietnam`s capital markets to US$200 billion in value from some US$35 billion five years ago, was a big draw for global investors, Jeffrey Perlman, Southeast Asia chief of Warburg Pincus told Reuters.

South Korea`s project on developing, planning, operating and managing urban railway system plays a significant role in Da Nang city`s development.

The auction will take place after several delays as the shipping firm underwent a prolonged revamp.

The airline is expected to launch its first flight on October 10, according to its fanpage.

Domestic airlines expect to receive more foreign investment to improve the competitive edge as the Ministry of Transport is revising regulations to allow domestic airlines to raise the foreign ownership limit to 49% from the current 30%.

The acquisition is in line with FPT`s strategy to expand the company`s footprint in the US, the Vietnamese software developer said.

There will be no difference in the required minimum amount of capital for airlines providing international and domestic air transport services, according to the Ministry of Transport (MoT).

In addition to Macquarie Bank, Yeah1 has two other major shareholders in the names of Ancla Asset Limited and DFJ VinaCapital Venture Investment Ltd, and two individuals including Nguyen Anh Nhuong Tong, chairman of the board of directors and Yeah1`s CEO Dao Phuc Tri.

Global e-commerce giants are willing to take a hit to expand their market shares in Vietnam as they can see the long-term potential of the country`s rapidly expanding online shopping sector.

A survey on Vietnam’s business climate in the first three months of 2018 shows positive expectations from European firms towards Vietnam, said Nicolas Audier, co-chairman of European Chamber of Commerce in Vietnam (EuroCham).

The carrier will offer attractive fares that are a little bit more expensive than those of budget carriers, but with "five-star" services, said CEO of Bamboo Airways Dang Tat Thang.

MB Capital is believed to have spent VND410 billion (US$17.88 million) on this deal.

The fund then attempted to buy the said share amount between June 6 and July 5 but turned out unsuccessfully, citing "unfavorable market conditions", according to the Ho Chi Minh Stock Exchange (HoSE).

Products churned out from ESMO`s new plant in Vietnam will meet rising demand from hybrid electric vehicle manufacturers.