Hanoi (VNS/VNA) - Public investment will focus on key national projects with important roles in enhancing regional links and creating new drivers and room for economic growth, Minister of Planning and Investment Nguyen Chi Dung has said. Last year saw the highest public investment disbursement rate in 2016-2020 as the Government identified public investment as a major driver for growth in the context of the COVID-19 pandemic. The Ministry of Planning and Investment estimated the public investment disbursement rate would reach more than 90 percent of the plan as of the end January 31 (the deadline for disbursement of 2020 public investment), compared to 73.3 percent of 2017, 66.8 percent of 2018 and 67.46 percent of 2019. There were 17 ministries, central-level agencies and 17 localities with disbursement rates of more than 80 percent as of December 31, 2020. However, 13 ministries and central-level agencies and five localities had disbursement rates below 60 percent. … [Read more...] about Public investment will focus on key projects: Minister
Buy to let investment opportunity
Singapore ranks second in Asia in investment attraction
Singapore (VNA) – Singapore is the second most preferred city in Asia-Pacific for cross-border investments this year, according to the CBRE 2021 Asia Pacific Investor Intentions Survey. Desmond Sim, head of research for Southeast Asia at CBRE – a global commercial real estate services company, said Singapore remains an important hub for foreign corporations looking to access Southeast Asia. The survey notes that Singapore is turning out to be a viable alternative to China’s Hong Kong for companies setting up Asia-Pacific headquarters. The upbeat news comes in the wake of the Economic Development Board’s report that Singapore attracted about 17.2 billion SGD (12.9 billion USD) in fixed asset investments last year amidst the pandemic. Japan’s Tokyo topped the study due to the availability of high-quality assets and strong liquidity. Seoul came in third, followed by Shanghai of China and Ho Chi Minh City of Vietnam. The survey polled 492 investors, who … [Read more...] about Singapore ranks second in Asia in investment attraction
Vietnamese, Indian pharmaceutical enterprises have great opportunities in Viet Nam
According to the embassy, India was popularly known as the pharmacy of the world, earning its credibility as one of the largest manufacturers of generic drugs. It also said the Indian pharmaceutical sector supplies over 50 per cent of global demand for various vaccines, 40 per cent of generic demand in the US and 25 per cent of all medicine in the UK. Indian drugs are exported to more than 200 countries in the world, with the US being the key market. … [Read more...] about Vietnamese, Indian pharmaceutical enterprises have great opportunities in Viet Nam
Vietnamese, Indian pharmaceutical firms have great opportunities in Vietnam
Hanoi (VNS/VNA) - Experts have pointed out lots of opportunities for Vietnamese and Indian enterprises in the pharmaceutical industry in Vietnam. In an effort to promote trade and investment in the pharmaceutical sector, the Embassy of India, the International Investment Promotion Alliance, the Association of Foreign Invested Enterprises and the Vietnam Chamber of Commerce and Industry (VCCI) organised a seminar in Hanoi on January 21 to connect experts and enterprises from the two countries. According to the embassy, India was popularly known as the pharmacy of the world, earning its credibility as one of the largest manufacturers of generic drugs. It also said the Indian pharmaceutical sector supplies over 50 percent of global demand for various vaccines, 40 percent of generic demand in the US and 25 percent of all medicine in the UK. Indian drugs are exported to more than 200 countries in the world, with the US being the key market. Indian pharmaceutical exports, … [Read more...] about Vietnamese, Indian pharmaceutical firms have great opportunities in Vietnam
Investing in innovation to aid growth potential
Where does Vietnam stand now compared to other markets in the region? Financial services are still very fragmented. There are still a lot of smaller banks in Vietnam compared to some of the other markets right now where the big banks have a much higher share. If you take the top six banks, I believe in Thailand they would constitute above 70 per cent. In Vietnam, it’s probably below 50 per cent. What that means is that it is harder to make the required investments to modernise your business and operating models, as you can’t spread your fixed investments across more companies or customers. … [Read more...] about Investing in innovation to aid growth potential