Investment

A representative of the Indian Consulate General in Ho Chi Minh City recommended Vietnamese companies look for investment opportunity in the Indian market of 1.3 billion people, particularly in garment and textiles.

Deputy Prime Minister Trinh Dinh Dung recently signed a decision on ratifying a plan to expand the country’s second largest hydropower plant in Hoa Binh province at a cost of nearly VND8.6 trillion (US$379 million).

South Korea is expected to soon become a big portfolio investor in Vietnam after the latter’s securities market has seen a rising indirect investment inflow from the Northeast Asian nation’s investors in recent times.

Techcombank launched on Friday the nation`s biggest IPO that aims to raise as much as US$922 million and has attracted global funds as cornerstone investors, stated in a Reuters report.

The Ministry of Transport (MoT) has announced to transfer the right to buy 57.9 millions of its shares in flag carrier Vietnam Airlines (HVN) in the auction which will be held on Hanoi Stock Exchange.

VTVCab, a unit of state-owned broadcasting agency Vietnam Television, is cancelling its initial public offering (IPO) on April 17 after only one investor registered to attend the auction, according to an announcement by the Hanoi Stock Exchange.

There are numerous optimal factors for foreign businesses, including Italian ones, to do business in Vietnam, said Stefano Balsamo, founder of the Diplomatia association and Vice Chairman of J.P. Morgan in Italy.

The Imex Pan Pacific (IPP) Group recently asked the People’s Committee of Quang Ninh province to approve in principle for its investment plan on the non-tariff area of the future Van Don Special Administrative-Economic Zone.

The Hanoi Stock Exchange and the Moscow Exchange (MOEX) recently signed a Memorandum of Understanding (MoU) on cooperation in a move to better assist investors explore investment opportunities in Vietnam and Russia.

The Ministry of Finance (MoF) said in its appraisal report that the necessary capital investment to set up 3 economic zones to be at VND1.570 trillion (US$69 billion).

Vietnam is streamlining policies on the public-private partnerships (PPP) investment model in the transport sector to make the regulations attractive to domestic and foreign investors.

Japanese venture capital (VC) firm CyberAgent Ventures on Monday announced an undisclosed investment in Vietnam`s Airbnb-like startup Luxstay.

Out of 18 solar power projects which have been approved in principle, 4 projects with a multi-billion US dollar investment would bring a new hope for Dak Lak economy, according to Pham Ngoc Nghi Chairman of the Dak Lak People`s Committee.

Out of 370 business conditions under the Ministry of Finance (MoF) management responsibility, half of this number is proposed to abolish and simplify.

Prime Minister Nguyen Xuan Phuc concluded on the adjustment of land use master plan to 2020 and localities’ land use plan for the final five-year period (2016 – 2020).

Retail and non-banking services are forecast to be the main sectors that Japanese investors will be interested in next time, according to Japanese M&A consultancy group Recof.

The route is expected to go through a series of Vietnam northern provinces, cities and link up to China border.

Sovico Holdings, 52% owned by VietJet Air CEO Nguyen Thi Phuong Thao, has completed the purchase of additional 13.67 million shares of VietJet Air.

Itochu Textile Prominent lifted its ownership in Vienam National Textile (Vinatex) from 3% to 13% after years as a stakeholder of the firm.

The northern province of Ha Nam commits to creating the most possible favourable investment environment for both domestic and foreign enterprises, including those from the South Korea and Gyeonggi province in particular.