Investment

The southern province of Dong Nai has granted investment licences to 56 foreign direct investment (FDI) projects worth 456.6 million USD, fulfilling 45.6 percent of the yearly target.

The real estate market continues to be attractive to investors, but the level of competition would be much higher this year and the following years.

In 10 years, Samsung has increased its investment capital in Vietnam from US$670 million in 2008 to over US$17.3 billion in 2018.

Hanoi has recently reviewed activities of the People’s Inspection Board and Community Investment Supervision Board in the first quarter of 2018.

There has been a new investment wave from South Korea to Vietnam, especially after the two countries reached cooperation agreements during a recent visit of Korean President Moon Jae In to the country.

Vietnam’s Triip on April 19 announced that it has raised an undisclosed sum of funding from Japanese strategic investor Gaiax and individual investor Nguyen Duy.

The state will hold 96.77% of Vietnam Rubber Group (VRG) charter capital, closing the door for investors to become major shareholder of the company, stated the modified equitization plan approved by the Deputy Prime Minsiter Vuong Dinh Hue.

Vietnamese software firm FPT looks to turn Danang into a "smart city" in two years, focusing on fields such as agriculture, medicine, energy and traffic.

Many Japanese investors are keen on investing in the Mekong Delta, Japanese Ambassador to Vietnam Umeda Kunio affirmed at a conference in Can Tho city on April 18.

The Transport Minister Nguyen Van The has signed Decision No.767 to remove and simplify 384 out of 570, or 67.36% business conditions under the Ministry of Transport (MoT)`s administration.

The Ministry of Planning and Investment (MPI) has asked the government to give it the green light to build a draft law on investment in public-private partnership (PPP) models, aimed to have a legal foundation for managing and developing the activities thoroughly.

Vietnam Southern Food Corporation (Vinafood 2) will trade on UPCoM under code VSF with a total of 114.8 million shares priced at VND10,100 (US$0.4) apiece on April 23, according to an announcement from Hanoi Stock Exchange.

The Hanoi People’s Committee has recently issued Plan No. 89/KH-UBND on enhancing export in the city in 2018, as well as efficiency of investment and trade promotion program.

Vietnam needs to continuously make stronger reforms to attract foreign capital inflow as the trade war between the United States and China has affected the source, experts suggested.

KIDO Group, formerly known as Kinh Do Corporation, plans to acquire 51% stake in cooking oil producer Golden Hope, announced the Group in its annual general meeting on April 18.

Prime Minister Nguyen Xuan Phuc has made his conclusion on the expansion plan for Tan Son Nhat airport.

Vietcombank has successfully offloaded its entire shareholding of 6.67 million in Orient Commercial Bank (OCB) for a return of VND172 billion (US$7.5 million), more than double the expectation.

The event generated numerous outcomes, supporting Vietnam fintech industry to strive in the future.

Vietnamese start-ups have invested US$129 million in fintech and the industry is forecast to continuously attract heightened investor interest next time, according to the Ernst & Young (EY) ASEAN FinTech Census 2018.

Prime Minister Nguyen Xuan Phuc directed ministries and bodies to further promote trade and investment cooperation with the European Union (EU) during a meeting on April 14.