Firm capital mortgage investment corp

Tokyo (VNA) – Japan’s Mitsubishi Corp. and Nomura Real Estate Development will join hands with Vietnamese conglomerate Vingroup on a smart urban development project in Ho Chi Minh City, according to Nihon Keizai daily business newspaper. The Japanese companies will invest nearly 100 billion yen (908 million USD) in the project. Vingroup’s commercial real estate developer Vinhomes is carrying out a massive residential area project in HCM City and the project is expected to be completed in 2023. It will be equipped with nearly 50,000 residences as well as schools, hospitals and commercial centres. For the urban development project, Mitsubishi and Nomura Real Estate are partnering with Vinhomes to construct 21 apartment buildings. The project is expected to add approximately 10,000 homes to the city. The two Japanese firms will each invest 40 percent and Vinhomes the remaining 20 percent in the subdivision. Mitsubishi and Nomura intend to move out in front of the … [Read more...] about Japanese firms teams up with Vingroup in smart urban building

HCM City was the locality with the highest number of enterprises receiving foreign portfolio investment. The investment mode accounted for 60 percent of total indirect investment of the whole country in 2019. The total number of foreign invested projects licensed in 2019 was 1,320 with the total registered capital of $1.84 billion. If counting the $859 million capital from 309 projects which expanded business and increased investment capita, the total FDI capital in the city in 2019 would be $2.7 billion. … [Read more...] about HCM City: many businesses fall into foreign hands

The country was not well placed in terms of technology infrastructure, standing at 93rd globally. Its business and government investment was also the weakest among seven criteria used in determining the economy’s digital readiness, standing at 127th. … [Read more...] about Vietnam well poised to become digital economy: report

Nguyen Do Anh Tuan, head of the International Cooperation Department under the Ministry of Agriculture and Rural Development, said Japan is currently the biggest foreign direct investor of Vietnam in the field with a lot of high-quality agricultural projects such as growing vegetables and flowers in the Central Highlands province of Lam Dong, and animal husbandry in the southern province of Dong Nai. … [Read more...] about BUSINESS NEWS HEADLINES JAN. 23

Similarly, Trung Luong-My Thuan expressway is 27 percent behind schedule. Authorized by the Transport Ministry, the People’s Committee of Tien Giang province in the Mekong Delta has made efforts to clear problems and advanced funds for site clearance but the situation has not been improved yet. … [Read more...] about Transport Ministry reports lots of major traffic projects behind schedule