Investment

A new deal has been inked between Southern Institute of Science and Technology and MorFund Financial Group (Canada) on the C$6.3 billion (US$5 billion) investment for the express railway between Ho Chi Minh City and Can Tho city.

Korea`s Mirae Asset Global Investments is forming a joint venture with Vietnam`s State Capital Investment Corporation (SCIC), according to the former`s announcement on February 26.

Thanh Hoa accepts the policy proposal of Lilama 18 Eco-Tourism Investment Joint Stock Company to invest in the construction of a four-season eco-tourism project in Hai Ninh, Tinh Gia (Thanh Hoa) with the total investment of VND992.3 billion (US$43.6 million).

​Ho Chi Minh City has numerous projects open for foreign investment, Secretary of the municipal Party Committee Nguyen Thien Nhan said at a reception for investors from Singapore and Australia who came to explore investment opportunities in the city on March 6.

It would take about four years to complete the tunnel.

The Ministry of Industry and Trade (MoIT) on March 5 launched a 158 million USD energy project to help key industries and enterprises with energy saving.

Hanoi Trade Corporation (Hapro) expects to raise at least VND972.8 billion (US$42.56 million) from its initial public offering (IPO) scheduled for March 30, according to the company`s announcement on February 26.

Skechers USA, a major footwear maker based in California, is studying a plan to invest in Vietnam in a project that probably needs 20,000 workers. The project marks a good start for the local footwear industry after a slowdown in 2017.

VinGroup and TH True Milk have registered to invest 1.2 trillion VND (53 million USD) in ginseng and herbs farm projects in mountainous Nam Tra My district of Quang Nam province.

After gaining significant profits last year, foreign investment funds are continuously posting positive results in the Vietnam’s securities market this year.

At the recent reception for Masayoshi Fujimoto, President and CEO of Sojitz Corporation of Japan, Prime Minister Nguyen Xuan Phuc commits to create favorable conditions for Japanese groups.

The People’s Committee of the north central province of Thanh Hoa has handed over an expanded site in the Nghi Son Economic Zone and local industrial parks for the implementation of the Nghi Son Oil Refinery and Petrochemical (NSRP) complex.

Total investment capital from the State budget was estimated at more than 1.27 billion USD in the first two months of 2018, equivalent to 8.6 percent of the yearly plan.

Techcombank plans to list its shares on the Ho Chi Minh City Stock Exchange (HoSE) this year and sell over 158 million treasury shares to foreign investors, informed the bank at its annual shareholders` meeting on March 3.

Vietnam decided to offload 46.9%, equivalent of 6.7 million shares, in Thong Nhat Electromechanical (Vinawind) in an auction scheduled for March 30, according to the Hanoi Stock Exchange`s announcement.

Vietnam wants to boost investment cooperation with India in numerous fields, including information-technology, biotechnology, renewable energy, agro-fishery processing and so on.

PetroVietnam Oil Corporation (PVOIL) plans to make its debut on the Unlisted Public Company (UPCoM) market with a total of 200 million shares at the price of VND20,200 ($0.89) per share on March 7, according to an announcement from the Hanoi Stock Exchange.

The Prime Minister has just asked the city authorities to submit a report to the Ministry of Transport (MoT) on adjusting investment on its two key metro line projects.

FDI disbursements rose by 9.7% to US$1.7 billion in the first two months of 2018.

Key officials are now discussing proposals on whether to expand the Vietnam’s largest airport to the north or the south.