Investment

The People’s Committee of Ho Chi Minh City said the city will need VND1,800 trillion (US$80 billion) for investment in 2018-2020 to ensure its growth.

Vietnam attracted US$8.06 billion in foreign direct investment (FDI) in the first four months of 2018, equivalent to 76.1 percent of the figure in the same period last year, according to the National Statistics Office.

The Laguna Lang Co project has finally got the government`s approval to increase capital investment from US$875 million to US$2 billion.

SCG a Thai-owned Southeast Asian conglomerate, reported first quarter revenue from sales of VND6 trillion (US$267 million) from its Vietnam operations, a 10% year-on-year increase.

Nawaplastic Industries, a subsidiary of Thailand`s Siam Cement Group (SCG), has successfully increased its shareholdings at Binh Minh Plastic to 50.9%, announced the Group.

Investment capital into innovative start-ups in Vietnam has remained limited compared to the region and the world though the value has increased in recent years, experts said.

Deputy Transport Minister Nguyen Ngoc Dong has pledged to create the most favorable conditions for calling international investment capital in the eastern North-South expressway.

VietJet Air, which controls almost half of Vietnam`s domestic airline market, is considering to list its shares on an overseas stock exchange, its founder and CEO Nguyen Thi Phuong Thao mentioned during its shareholders` meeting on April 26.

Vietnam’s FDI attraction strategy in the next decade will shift from profit-based incentives to efficiency-based incentives in a move to maximize the spillover effects and added value of the investment source.

Investors have registered to buy the entire 164 million shares on sale by Techcombank in its upcoming initial public offering (IPO), announced the lender on April 27.

Three investors have registered intentions to purchase the whole 1.87 million shares of Kim Lien Hotel offered by Global Petro Commercial Bank (GPBank), announced the Hanoi Stock Exchange (HSO).

The development of Phu Quoc, Van Don, and Northern Van Phong needs an innovative, outstanding business environment and institutions, experts said.

The government offers a series of incentive mechanisms and policies to stimulate investments in agriculture and rural area development.

FPT Retail (FRT) has put 40 million shares on offer in its initial public offering (IPO) on April 26 with reference price of VND125,000 (US$5.48) apiece, said Ho Chi Minh Stock Exchange (HoSE) in an announcement.

The Ministry of Planning & Investment (MPI) considers to allow the private sector accessing the official development assistance (ODA) and other preferential loans.

Quang Ninh province leaders on April 25 have had a meeting with potential investors for the implementation of three super projects with value ranging from US$10 - 15 billion in Van Don special economic zone.

PetroVietnam Power (PV Power), has been granted government approval to build two gas-fired electricity plants in southern Vietnam at a total cost of nearly US$1.5 billion, its parent company said on April 24.

Vietnam Opportunity Fund (VOF), VinaCapital`s flagship fund, has divested its entire stake holdings in the VinaSquare project in central Danang for US$7.9 million, according to the fund`s latest announcement on April 23.

In the recent series of new projects, many new products have emerged, receiving good signals from investors because they are able to attract high customers and bring them profits.

According to Grant Thornton Vietnam, in the "Vietnam`s Private Investment - Growth Expectations" report, Vietnam is becoming a potential market for consumer products and retails with high and stable economic growth.