INVESTMENT

The Hanoitimes - Prime Minister Nguyen Xuan Phuc emphasized the opportunities that are being opened in Vietnam for foreign investors and businesses, including Austria. Vietnam and Austria will work closely together to implement concrete and effective measures to promote bilateral investment cooperation, presidents of the Chamber of Commerce and Industry of the two countries committed at the Vietnam - Austria Business Forum on the occasion of Prime Minister Nguyen Xuan Phuc’s visit to Austria on October 15.   Prime Minister Nguyen Xuan Phuc and Austrian businesses at the Vietnam-Austria Economic Forum. Photo: Quang Hieu Vietnamese enterprises participating in the forum included more than 60 delegations, representing many fields that are attracting foreign investment. At the event, Vietnamese enterprises shared experience to successfully do business with foreign partners, including Austrian enterprises who have been doing business in Vietnam for many years. … [Read more...] about Vietnam and Austria seek stronger economic ties during PM Phuc’s visit

Transport ministry makes low capital disbursementsBy Le Anh The ODA-funded Ben Luc-Long Thanh Expressway in southern Vietnam has fallen behind on its capital disbursement schedule – PHOTO: LE ANH HCMC – The Ministry of Transport disbursed some VND13.7 trillion (US$588 million) for transport projects, equivalent to 52.2% of the full-year target, as of late last month, according to a report by the Planning and Investment Department under the ministry. The report said a total of more than VND26.3 trillion (US$1.12 billion) in investment capital has been allocated to the ministry this year. The amount includes some VND14.1 trillion in foreign capital, VND5.8 trillion in domestic capital and VND2.6 trillion in government bonds. The undisbursed capital was mainly tied to projects using official development assistance loans (ODA) and government bonds. The ministry ascribed the lower-than-expected capital disbursement to low demolition and site clearance works; heavy and … [Read more...] about Transport ministry makes low capital disbursements

(VEN) - In the first eight months of 2018, Ho Chi Minh City (HCMC) attracted US$5.18 billion of foreign direct investment (FDI), maintaining its position as the country’s top investment draw. The Saigon High Tech Park has attracted investment from major groups worldwide Foreign investors In the first eight months, the city granted licenses for 640 FDI projects with total capital of US$558.63 million, a 22.2 percent increase in the number of projects and equivalent to 70 percent of total project capital licensed in the same period last year. Processing and manufacturing industries were most attractive to foreign investors, with 24.5 percent of FDI concentrated in these sectors. The real estate sector ranked second with 23.1 percent, followed by wholesale, retail and auto repair, motorcycles and other types of motorized vehicles (22.4 percent); technical activities, science and technology (14.5 percent); information and communications (six percent). Business investment … [Read more...] about HCMC remains top draw for foreign investors

Japanese Mai Tin food company commenced the construction of a plant, specialising in seafood processing and preserving, at the Nhon Hoi Economic Zone in Quy Nhon city, Binh Dinh province on October 10. At the groundbreaking ceremony for the plant The plant, combined with a Japanese cultural tourism site, will be built on a total area of 5ha with a total investment of US$8 million. The plant will have a capacity of processing and preserving 2,000 tonnes of seafood products per year which meet international standards for exporting to Japan, the US and Europe. The plant in Binh Dinh is the second of its kind opened by Mai Tin in Vietnam following the first one in Cam Ranh city, Khanh Hoa province. Mai Tin is the only company in Vietnam producing uncooked food according to Japanese technology. The project's investors expressed their wish that through the project more Vietnamese and foreigners would know about the freshness of Vietnamese tuna while providing the Vietnamese people … [Read more...] about Work starts on US$8 million seafood processing plant in Binh Dinh

The Hanoitimes - High economic growth and effective policy reforms will help Vietnam continue being one of hot spots in attracting foreign investments next time despite tensions in the global market, experts forecast. Vietnam has gained a great success in welcoming an ever-accelerating flow of foreign investment into the country in recent years. However, a question on how the inflow will be next time is raised when many external factors can cause adverse impacts on it.   Foreign manufacturers are forecast to relocate their facilities from China to Vietnam Currently, there are many external factors, such as the geopolitical tensions and the US’s strong protectionism policy, which can diminish foreign inflow to a country. Besides, many countries have recently also applied tightened monetary policies, which will cause a decline in direct and indirect investment inflows to emerging markets. However, if considering its intrinsic value, Vietnam will still be a bright spot … [Read more...] about Vietnam forecast bright spot in FDI attraction despite global volatility