(VEN) - Ba Ria - Vung Tau is a dynamic province that has always been a leader in attracting foreign investment. Recently, a delegation visited the Republic of Korea (RoK) and Japan to present the advantages and incentives of doing business with and in the southern province. The delegation works with Hyosung Group in RoK The delegation was led by Secretary of the provincial Party Committee and Chairman of the province’s People’s Council, Nguyen Hong Linh. RoK is one of the strategic investors in the province. During their visit, the delegation worked with Posco Group, Hyosung Group, Korea Zinc Company Limited and other enteprises. They also met senior officials of Pohang City. Particularly noteworthy about the visit was an investment promotion seminar held in Seoul at the head office of the Republic of Korea Trade-Investment Promotion Agency. The seminar aimed to introduce potentials, investment opportunities and promote/ call for investment in Ba Ria - … [Read more...] about Ba Ria Vung Tau presents its investment credentials to RoK, Japan
An investment report to potential investors
According to HTP, the Ho Tram Strip is the key factor for investors deciding to sign up for Ramada Kahuna Fifth development in the multibillion-dollar integrated resort Besides its ideal location (beachfront and only two hours away from Ho Chi Minh City), the Ho Tram Strip is alluring because of four developments (at an investment of over $1 billion) undertaken by the developer in the last 10 years. In July 2013, the Grand Ho Tram Strip opened, the first development on such a scale in Vietnam, with 541 five-star hotel rooms professionally served by a team of more than 2,000 carefully trained employees. It is best known as an entertainment complex that offers 10 bars and restaurants, a first class spa, children's playgrounds, swimming pools, a shopping mall, and, on top of all, Vietnam’s first and biggest fully licensed casino for foreign players. This perfect combination made The Grand the first truly Las Vegas-style integrated resort in Vietnam. In October 2014, The Bluffs, … [Read more...] about Why investment flows to multibillion dollar complex Ho Tram Strip
An Giang to seek investors for 54 projectsThe Saigon Times Daily HCMC – Mekong Delta’s An Giang Province plans to call for investment in 54 projects across fields such as agriculture, tourism, industry, transportation, construction and urban development and healthcare, the Government news website reported. The provincial People’s Committee will call for investors to develop the projects at a three-day conference on investment promotion, which is scheduled to start on September 10. The event, under the theme, “An Giang – Chance connection, booming cooperation,” will comprise two sessions: hi-tech agriculture and tourism potential of An Giang. Vuong Binh Thanh, chairman of the provincial People’s Committee, urged the relevant departments and agencies to make use of the little time ahead of the conference to create incentive plans in appealing for investment, particularly for the two key sectors of tourism and agriculture, as well as policies … [Read more...] about An Giang to seek investors for 54 projects
To date, four of the eight interested investors submitted documents to join the auction to become the strategic investor of Vietnam Oil Corporation (PV Oil)—Vietnam's second largest petrol distributor—four less than the figure published earlier this year. Does this mean PV Oil is losing its appeal? Only half of the investors that expressed interest have signed up for the PV Oil auction According to the draft regulation on the sale of shares to strategic investors submitted to the authorities for approval, PV Oil released that after completing the investment evaluation, to date, four investors confirmed joining the auction to become strategic investors, registering to buy 2.86 times more shares than was put on offer. However, the names of these four investors have yet to be disclosed. Previously, at a roadshow organised in Ho Chi Minh City in early January, the firm revealed that it was courted by eight hopeful investors, six of which hail from overseas. The … [Read more...] about PV Oil loses appeal to foreign investors?
In December Hồ Chí Minh Development Joint Stock Commercial Bank (HDBank) had sold stakes to more than 76 foreign investors before listing.— Photo ndh.vn by Thiên Lý Since last year there has been a churn in the banking sector with some foreign investors selling their stakes in local banks and others buying in. France’s BNP Paribas, HSBC and Australia’s Commonwealth Bank have been among those pulling out. ANZ sold its retail banking division to Korea’s Shinhan Bank and Standard Chartered Bank sold its entire 8.75 per cent stake in Asia Commercial Bank. Analysts said foreign banks are merely pulling out to invest in more profitable markets. Some pointed out that Asian banks which enter Việt Nam seem to be more successful than their western counterparts. They attributed this to their better understanding of the local market and business culture. But even in the case of western funds, the flow is not one-way: Just this month … [Read more...] about Clean-up makes Việt Nam banks attractive to foreign investors