Foreign investor in vietnam

Deputy Prime Minister of Thailand  Somkid Jatusripitak (Source: AFP/VNA) Bangkok (VNA) - The Thai Government has ordered the Board of Investment (BoI) to devise a relocation package for foreign investors wishing to shift from China to Thailand as a result of the US-China trade dispute. Amid the ongoing US-China trade tension, the race to attract foreign investors among the Association of Southeast Asian Nations (ASEAN) is heating up, said Deputy Prime Minister Somkid Jatusripitak. Somkid explained that the new promotional packages need to be specially tailored to suit the specific needs of investors from different countries. For example, those from the Republic of Korea (RoK) mostly want to invest in areas in the proximity of existing factories owned by RoK companies. So, Thailand needs to make sure that it has vacant space in the industrial zones, he said. Thailand must prepare customised packages with detailed investment privileges that suit the need of each company. They … [Read more...] about Thailand mulls new packages for foreign investors hit by trade war

At the political consultation (Photo: VNA)   Hanoi (VNA) – Vietnamese Deputy Minister of Foreign Affairs Nguyen Minh Vu and Permanent Secretary of the Myanmar Ministry of Foreign Affairs Soe Han co-chaired the eighth annual political consultation at the deputy ministerial level in Hanoi on November 14. The two sides discussed measures to further promote the Vietnam-Myanmar comprehensive cooperative partnership, especially in realising high-level agreements and documents signed in the recent past. They expressed delight at growing ties in diverse areas, particularly in trade and investment. Two-way trade surged to nearly 860 million USD in 2018 from 152 million USD in 2010, and the figure is expected to reach 1 billion USD next year, Vietnam is now the seventh largest foreign investor in Myanmar with 18 projects worth nearly 2.3 billion USD. Encouraging results have also been seen in bilateral collaboration in the fields of telecommunications, tourism, energy and … [Read more...] about Vietnam, Myanmar hold deputy ministerial-level political consultation

With a raft of free trade agreements on the way, a checklist of equitisations, and new legislation in place to support foreign investment, a new wave of M&As are forecast to sweep across Vietnam. Oliver Massmann, general director of Duane Morris Vietnam LLC, considers some of the likely outcomes. Currently, apart from some limitations under both Vietnamese law and Vietnam’s WTO commitments, foreign investors can freely acquire shares in Vietnamese enterprises. Once the Trans-Pacific Partnership (TPP) and Free Trade Agreement between the EU and Vietnam (EVFTA)—which are now in their final rounds of negotiation—are concluded, they may also drive more interest in M&A activities in Vietnam. The recent development of the 2014 Investment Law and Enterprise Law has highlighted the determination of the Vietnamese government to ease M&A procedures and set in place a regulatory framework to re-ignite M&A activity in Vietnam. Recent M&A deals … [Read more...] about Wave of M&As forecast for Vietnam

The Tan Binh Industrial Park in HCM City. Investors are looking industrial and logistics assets through joint ventures with local industrial developers and/or acquisition of land bank and operating real estate. - Photo sggp.org.vn The company also said mergers and acquisitions (M&A) in real estate is a bright spot in the market because the manufacturing trends is shifting away from China to the Southeast Asia region and will continue to benefit the whole region, including Vietnam. The lack of high specification, modern logistics warehouse space, and strong demand from regional occupiers are supporting potential growth. Quality of the assets, rental growth, deal size and remaining land tenure are the key crucial factors for investors to determine their investment decisions, said Nguyen Thi Van Khanh, senior director, Capital Markets, JLL Vietnam. “We expect foreign investors to continue showing keen interest and strong commitment in Vietnamese real estate market, and the … [Read more...] about JLL Vietnam: Investors look for M&A property in Vietnam

Prime Minister Nguyen Xuan Phuc (third, right) and other participants at the ceremony to start the construction of an AEON mall in Le Chan district, Hai Phong city (Photo: VNA) Hanoi (VNA) – Japan, the second biggest investor in Vietnam, is continuing to pour billions of USD into new projects in the Southeast Asian nation, an investment partnership expected to grow stronger after a State visit to Japan by President Tran Dai Quang. New Japanese investment projects have appeared in Vietnam since the beginning of 2018. Notably, Sumitomo and Mitsubishi have agreed to cooperate with Vietnam’s BRG Group to invest in the Nhat Tan – Noi Bai smart city project.  This is the biggest-ever Japanese project in Vietnam with total investment of 4.2 billion USD and promises to gather technologies being used in the most modern urban areas in Japan. In mid-May, the Japanese-invested AEON Mall Vietnam started the construction of a mall in Le Chan district of northern Hai Phong … [Read more...] about Japan set to invest more multi-billion-USD projects in Vietnam