Investment

Vietnamese firms have invested in 19 countries and territories with 34 new projects worth nearly US$130 million in the first four months of this year, the Foreign Investment Agency under the Ministry of Planning and Investment reported.

Korea`s Mirae Asset Life Insurance has officially launched its merged entity with Prevoir Vietnam Life Insurance, marking its foray into rapidly growing Southeast Asian financial market.

Cuba has emerged as the third biggest investment destination of Vietnamese enterprises after Laos and Cambodia.

Vinhomes, the residential property developer of Vingroup has been listed in Ho Chi Minh Stock Exchange (HoSE) on May 17.

The proportion of FDI enterprises selecting to use commercial arbitration, instead of going to court, in cases of dispute is 40 percent thanks to its effectiveness and transparency.

The revised draft law on special administrative - economic units will restrict preferential treatments on casino integrated projects, informed the Standing Committee of the National Assembly.

Vietnam`s northern province of Bac Giang is working out measures in an effort to attract 2 billion USD in domestic and foreign investment in 2018.

The Ministry of Planning and Investment (MPI) has asked centrally-run cities and provinces to rapidly submit their reports on the 2018 disbursement plans of public investment capital.

The BW Industrial Development JSC, a joint-venture between the US private equity fund Warburg Pincus and Vietnam’s Investment and Industrial Development Corporation (Becamex IDC), made debut in the southern province of Binh Duong on May 15.

The People’s Committee of Hanoi granted Official Letter No. 2025/UBND-KT on requesting People’s Committees of districts, towns, departments, agencies and sectors to urgently implement results of checking the allocation plan in 2018 in districts and towns in the area.

Major Japanese retailer, Aeon, has launched the ground breaking ceremony for its US$180-million shopping mall in Vietnam on May 13.

Many private investors are taking part in aviation infrastructure projects, fuelled by the industry’s high profitability capacity, streamlined development strategy and favorable investment climate.

As many as 40 percent of foreign direct investment (FDI) enterprises choose to use commercial arbitration in cases of disputes, rather than going to court, said Phan Trong Dat, Deputy Secretary General of the Vietnam International Arbitration Centre (VIAC).

Comvik is interested in the Vietnam`s government effort of the Mobile Telecom Service Company (Mobifone), said Zaman, the Chairman of Comvik Vietnam.

National flag carrier Vietnam Airlines (HVN)`s shareholders have approved a plan to move its shares from UPCoM to Ho Chi Minh City Stock Exchange (HoSE), announced the airline in its annual shareholder meeting on May 10.

Vietnam-based fund manager VinaCapital has increased its stake in food and flavors major Kido Group (KDC) from 4.97% to 5.03%, according to an announcement on the Ho Chi Minh City Stock Exchange (HoSE).

Japanese firm Nippon Sheet Glass Co Ltd will add capacity for the production of transparent conductive oxide (TCO) glass in Vietnam and the US in response to growing demand on the solar market.

The Hanoi People’s Committee has recently granted Official Letter No. 1941/UBND-KH&DT, speeding up the implementation and disbursement of the investment plan in Hanoi in 2018.

The disbursement for public investment projects has been moving at the slowest pace with only VND65 trillion (US$2.85 billion) in the first four months of this year, equal to 16.27 percent of the plan assigned by National Assembly.

The Ministry of Education & Training (MOET) plans to remove and simplify 110 business conditions under the Ministry`s administration, equaling 51.9% of the current business conditions.