FPT and Shinhan Bank signed MoU in 2018. (Photo: VNA) Hanoi (VNA) – Many leading groups and corporations of the Republic of Korea, which operate in banking, finance, electricity, retail sales, and technology, have expressed their interest in cooperation with Vietnamese partners, including FPT Corporation, in the fields of new technologies digital transformation. The Korean businesses mentioned their intention at a recent meeting between FPT Corporation and 20 leading groups of the East Asian country, during which they discussed cooperative opportunities in the Fourth Industrial Revolution. According to CEO of Shinhan Bank Jin Ok-dong, the bank has invested heavily in the Vietnamese market, and wishes to partner with local startups in Fintech. Last year, the bank signed a cooperative deal with FPT to develop information technology measures in the financial sector like digital banks and fintech. Meanwhile, tech giant Samsung said it wants to carry out digital transformation in … [Read more...] about RoK firms want to invest in Vietnam’s digital transformation
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Australia’s Macquarie Capital to invest in Vietnam’s renewable energy projects
The Hanoitimes - That Macquarie shows interest in large scale investment projects in Vietnam would be a big push and motivation for enterprises from Vietnam and Australia, the governmental portal reported. Australia Macquarie Bank returns as Yeah1's major shareholder Australia supports Vietnam in innovation Australia, Ireland help Vietnam’s rural women improve lives with technologies Australia-based Macquarie Capital, one of Australia and the world’s major investors, plans to invest in Vietnam’s clean and renewable energy projects, said the company’s Chairman and CEO John Walker. Deputy Prime Minister Trinh Dinh Dung (R) and Chairman and CEO of Macquarie Capital John Walker. Source: VGP. Macquarie Capital also considers taking part in other infrastructure development projects in Vietnam, Walker said in a meeting with Vietnam’s Deputy Prime Minister Trinh Dinh Dung on March 25. Walker suggested a transparent and favorable … [Read more...] about Australia’s Macquarie Capital to invest in Vietnam’s renewable energy projects
Italian firms updated on investment opportunities in Vietnam
President of the Italian Chamber of Commerce in Vietnam (ICHAM) Michele D’Ercole addresses the workshop in Rome on November 9 (Photo: VNA) Rome (VNA) – Investment chances in Vietnam, especially once the EU-Vietnam Free Trade Agreement (EVFTA) takes effect, were introduced to Italian entrepreneurs at a workshop in Rome on November 9. President of the Italian Chamber of Commerce in Vietnam (ICHAM) Michele D’Ercole and ICHAM Executive Director Pham Hoang Hai informed local investors about Vietnam’s economy at present, including the positive economic growth and foreign investment attraction. Participants were provided with concrete information about the fields Vietnam is prioritising while Italy holds strength in, along with cooperation prospects and investment chances once the EVFTA is ratified and comes into force. They were also given details of Vietnam’s investment attraction policies and procedures. ICHAM President Michele D’Ercole … [Read more...] about Italian firms updated on investment opportunities in Vietnam
Prime Minister meets US firms to talk investment in Vietnam
Prime Minister Nguyen Xuan Phuc (centre) shakes hands with US entrepreneurs at the seminar in New York city on September 27 (Photo: VNA) New York (VNA) – Prime Minister Nguyen Xuan Phuc chaired a seminar on investment attraction to Vietnam in the context of the Fourth Industrial Revolution with more than 40 leading businesses of the US in New York city on September 27. The event, part of the PM’s trip to attend the high-level General Debate of the 73rd Session of the UN General Assembly, attracted US businesses operating in such fields as information technology, telecommunications, retail, logistics, food, beverage, energy and construction. It was held by the Business Council for International Understanding and the FPT Company of Vietnam. Addressing the seminar, PM Phuc expressed his wish to listen to US businesses’ aspirations and comments on the investment environment in Vietnam and showed his readiness to answer their questions so as to help … [Read more...] about Prime Minister meets US firms to talk investment in Vietnam
High profits boost foreign firms’ long-term investments in Vietnam
The Hanoitimes - Many foreign companies are planning to pour more investments for expansion in Vietnam in the long run after gaining good business performance in the fruitful market. AEON Group’s pre-tax profit surged sharply to US$9.96 million last year Thailand’s Siam Cement Public Company Limited (SCG) has recently shown its ambition plans to increase investments in the Vietnamese market, acquiring a stake in Long Son Petrochemical Co Ltd from Vietnam National Oil and Gas Group. Under the deal, SCG has acquired a 29 percent stake of the Long Son project for more than VND2.05 trillion (US$90 million). Upon completion of the deal, SCG’s indirect stake in Long Son has increased from 71 percent to 100 percent, of which Vina SCG Chemicals holds 82 percent and Thai Plastic and Chemicals Public Co. Ltd holds 18 percent. Starting business in Vietnam since 1992, SCG currently has more than 20 companies operating in Vietnam in construction materials, cement, chemicals … [Read more...] about High profits boost foreign firms’ long-term investments in Vietnam