Investment

Vietnamese President Tran Dai Quang admitted that this new draft law proved to be complicated in unprecedented circumstances, resulting in diverse opinion among National Assembly deputies, experts and the public.

Entertainment group Yeah1 set to trade 27.37 million shares on the Ho Chi Minh Stock Exchange (HoSE) next week, announced the group in a roadshow on June 18.

Toyota Vietnam (TMV) has decided to expand its plant`s surface in Vinh Phuc province, but a number of factors are hindering the plan.

Foreign firms have been increasing investment in Vietnam’s textile and garment industry to enjoy free trade agreements and low labor costs.

Platinum Victory has completed the purchase of 8.35 million shares in Vietnam Diary Products Company, known as Vinamilk, announced the fund.

The auction attracted 37 investors registering to purchase 83.57 million shares of Bach Dang Construction Corporation, four times the amount of shares put on sale by the Ministry of Construction, announced the Hanoi Stock Exchange (HNX).

The total investment of the Da Nang University Village project is estimated as VND8.6 trillion (US$378 million).

“This is responsibility of the Hanoi authority and myself included”, Hanoi Mayor Nguyen Duc Chung said in response to voters` questions over the long delay of metro line projects in the city.

Hanoi must keep following the international development trend, to catch up with the new technology and science to avoid making Hanoi`s investment environment obsolete.

Foreign logistics firms have flocked to Vietnam’s logistics industry strongly through merger and acquisition (M&A) deals in a move to cash in on market opportunities.

Nawaplastic Industries, a subsidiary of Thailand`s Siam Cement Group (SCG), has managed to acquire nearly 1.7 million shares in Binh Minh Plastic, announced the former.

Ho Chi Minh City is present on the list of Asia’s most enterprising cities and is home to large clusters of services, engineering, finance and retail firms, and strong creative industries, according to JLL, a leading firm that specializes in real estate and investment management.

After gaining tremendous achievements in attracting foreign direct investment (FDI) inflows in the past years, Vietnam now plans to focus only on high-quality FDI projects in a move to optimize the capital source a spillover effect on the domestic sector.

Foreign developers are enhancing the investment in Vietnam`s industrial real estate projects to seize huge opportunities as the Southeast Asian country is projected to witness a strong manufacturing growth in the near future.

Cadivi Dong Nai has registered to purchase 2 million shares of Hanoi Plastics, lifting its shareholding from 25% to over 55%.

16 companies from India introduced their outstanding research studies in suggestion for bilateral partnerships during the fourth Vietnam – India defense industry business meeting in Hanoi on June 13.

The Ministry of Planning and Investment (MPI) has proposed the Government give pilot permission for Vietnamese citizens to gamble in casino in a casino in Phu Quoc, Vietnam`s largest island in the southernmost province of Kien Giang.

The equitization of State-owned enterprises (SOEs) has remained unattractive to foreign investors due to regulations on limiting the foreign ownership at 49 percent, experts said, suggesting the government to remove it.

The government has taken strong measures on promoting private enterprises in a move to make the sector generate half of the country’s economic output in the next two years.

A high trade surplus has cemented the leading status of foreign direct investment (FDI)`s sector in Vietnam`s exports, enabling the country`s positive trade balance in the first five months this year.