INVESTMENT

The Hanoitimes - The government identifies Vietcombank, BIDV and VietinBank as Vietnam`s leading banks in terms of scale, market share and market regulation in the 2021 - 2025 period. Prime Minister Nguyen Xuan Phuc on August 8 approved the development strategy of Vietnam's banking sector, laying the foundation for the divestment of stakes at three leading state-run banks namely Vietcombank, BIDV and VietinBank.   Illustrative photo. Under the strategy, the government will keep its shareholding in state-owned commercial banks (excluding Agribank) at at least 65% in the 2018 - 2020 period. It will also inject capital to ensure the minimum capital requirements for banks set in Basel II standards and the state having a major say in those banks.  The state currently holds a 95.28% stake in Bank for Investment and Development of Vietnam (BIDV), 77.11% in Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietcombank) and 64.46% in Joint Stock Commercial Bank for … [Read more...] about Vietnam to divest stakes at 3 leading state-run banks

The Hanoitimes - At the meeting, the Samsung executive mentioned the problems of Samsung factory in Thai Nguyen and asked for the Vietnamese government`s support. The Vietnamese government encourages Samsung to keep expanding its investment in Vietnam, not only in electronics but also in other businesses such as energy, port and marine facilities, science and technology. Minister and Head of the Government Office Mai Tien Dung made the statement when hosting a reception for General Director of Samsung Vietnam Shim Won Hwan on August 14. The Vietnamese government is determined to build an electronic and digital government, and a digital economy. Thus, Vietnam wants Samsung to support in the process of building an e-government, Minister Dung said.   Minister Mai Tien Dung received General Director of Samsung Vietnam Shim Won Hwan. Photo: Nhat Bac Minister Dung emphasized that the Vietnam - South Korea relationship is currently developing positively, which is a … [Read more...] about Samsung encouraged to expand investment in Vietnam

The U.S. delegation to Can Tho was comprised of representatives from the following organizations: AmCham, 3M, Aetna, DI Central, Esri, Honeywell, HPE, KPMG, Medtronic, Microsoft, Pfizer, Rockwell Automation, Trilliant, Varian and Xylem. The delegation of U.S. government and industry representatives met with Vice Chairman Dao Anh Dung and city departments to present innovative smart city and healthcare solutions from the United States that address the city’s growing urban and healthcare challenges. During the dialogue, city leaders presented to the delegation Can Tho’s smart cities master plan to turn the Mekong Delta’s largest city into a smart city by 2025. The August 10 meeting is the latest in a series of provincial outreach events undertaken by the U.S. Mission to Vietnam to promote U.S. smart city and healthcare technologies. The U.S. Department of Commerce organized a three-city smart city business development mission with 14 U.S. firms to the central … [Read more...] about U.S. smart city and healthcare firms explore opportunities in Can Tho

Investment FDI flows to Dong Nai surpass full-year plan The Saigon Times Daily Tuesday,  Aug 14, 2018,12:54 (GMT+7) FDI flows to Dong Nai surpass full-year planThe Saigon Times Daily Workers are seen at a factory of Bosch Vietnam in Dong Nai Province. The province's FDI in the year to date has surpassed the full-year target - PHOTO: VNA HCMC - The southern province of Dong Nai has, year to date, attracted more than US$1.14 billion in foreign direct investment (FDI), exceeding the province’s whole year target of US$1 billion, the Government news website reported. Since early this year, the province has issued investment certificates for 73 new FDI projects with total registered capital of nearly US$551.8 million. In addition, 64 other operational FDI projects have had their investment increased by US$595 million, taking the total fresh FDI pledged in the province to US$1.14 billion. According to the Dong Nai Industrial … [Read more...] about FDI flows to Dong Nai surpass full-year plan

Investment Kien Giang attracts investors to 68 projects The Saigon Times Daily Tuesday,  Aug 14, 2018,12:38 (GMT+7) Kien Giang attracts investors to 68 projectsThe Saigon Times Daily The Mekong Delta province of Kien Giang held an investment promotion forum in HCMC on August 13 – PHOTO: VGP HCMC – The Mekong Delta province of Kien Giang has called on investors to develop 68 projects in the key fields of hi-tech agriculture, produce-processing, water supply and wastewater treatment, the government news website reported. The Provincial People’s Committee held an investment promotion forum in HCMC on August 13, aimed at introducing the province’s potential and competitive edge, as well as its investment incentives. The province’s vice chairwoman, Le Thi Minh Phung, told the participants that local economic growth has been relatively high in recent years. In 2017, Kien Giang's gross regional domestic … [Read more...] about Kien Giang attracts investors to 68 projects