INVESTMENT

(VEN) - Singapore ranked fourth among the 99 countries and territories investing in Vietnam in the first seven months of the year and its investments will continue to increase through newly registered and additional foreign direct investment (FDI) projects. Vietnam’s real estate business engages the interest of Singaporean investors According to a Singapore Business Federation (SBF) survey, the Singaporean business community listed Vietnam as its top market of interest. Last month, the SBF and the Enterprise Singapore led a delegation of 36 Singaporean companies to Vietnam to explore cooperation opportunities. According to the Vietnamese Ministry of Planning and Investment, Singapore was Vietnam’s third largest foreign investor and largest ASEAN investor in 2018, with more than 2,200 investment projects in the services, manufacturing and processing sector, as well as real estate, for total capital of about US$49 billion. As of July 30, 2019, Singapore … [Read more...] about Singaporean investment in Vietnam on the rise

The Hanoitimes - Vietnam remains huge opportunities for foreign investors, while Jardine Matheson would continue to explore investment options in the country’s priority sectors, said the UK-based conglomerate’s executive. Hanoi targets priority markets for trade and investment promotion Real estate sector makes up 34% of corporate bond investment in Vietnam Investors expect positive changes in Vietnam’s PPP investment law Vietnam Politburo requests foreign investments to ensure national security Vietnam’s disbursement of public investment sluggish in recent years Majority of Chinese firms consider Vietnam preferred investment destination UK-based Jardine Matheson is committed to expanding investments in Vietnam, which has been maintaining high economic growth in recent years, according to Ben Keswick, chairman and managing director of Jardine Matheson.    Overview of the meeting. Source: VGP. Vietnam remains huge opportunities for … [Read more...] about Jardine Matheson plans investment expansion in Vietnam

(VEN) - The dependence of the Vietnamese economy on the foreign-invested sector is a matter of concern. Associate Professor Nguyen Duc Trung, deputy rector of the Banking University, said Vietnam’s economy expanded 6.76 percent in the first half of 2019, lower than the 7.08 percent rate in the same period last year, but still higher than first-half figures during the 2011-2017 period. The Vietnamese economy is facing the impact of the escalating US-China trade war. Aggregate demand decreases as an inevitable response when risk factors increase. In the first seven months of the year, Vietnam’s exports reached an estimated US$145 billion, a year-on-year increase of 7.5 percent. The domestic economic sector accounted for US$44 billion, comprising 30.3 percent of total export turnover, while the foreign-invested sector (including crude oil) exported goods and services worth US$101 billion, accounting for 69.7 percent of Vietnam’s export turnover. The results reflect … [Read more...] about Vietnam seeks to ease dependence on foreign invested firms

Held by the Australian Chamber of Commerce in Vietnam (Auscham) in collaboration with the Cushman & Wakefield company, the symposium, held September 12 in Ho Chi Minh City, will be themed, "What's next". This is the 7th time Auscham is organizing this event, bringing together industry leaders to collaborate and share their insights. According to the symposium organizing committee, the commercial real estate and residential market in the biggest cities in Vietnam and neighboring provinces has become more and more attractive in recent years, attracting a lot of domestic and foreign investment, especially in luxury and class A properties. As one of fastest growing and globalizing economies in the world, Vietnam attracts investors with its stability. Vietnam’s property market has steadily recovered since the difficulties of 2009-2013, particularly within the residential sector. A surging demand for residential property has led to a high absorption rate of 70-80% of new supply … [Read more...] about Auscham to host real estate symposium on ‘What’s Next’

The Hanoitimes - Hanoi expects its startup community can find solutions to the city’s urgent problems at the forum by exchanging experience with foreign experts. First Hanoi Innovation Summit to be held in late August Hanoi is committed to creating an enabling environment for startups to operate, said Chairman of the Hanoi People’s Committee Nguyen Duc Chung at the Hanoi Innovation Summit 2019 on August 29. As one of the two largest economic hubs of Vietnam, the capital city of Hanoi has the potential to become the country’s startup center, he stressed.   Delegates at the summit. Photo: Economic and Urban Newspaper. The first edition of the summit at international scale, which takes place on August 29 and 30, is hosted by global innovation organization France's Schoolab under the auspices of the Hanoi government and the Ministry of Planning and Investment. At the event, Hanoi's mayor Nguyen Duc Chung informed that the number of newly registered … [Read more...] about Hanoi pledges favorable conditions for startups