The Hanoitimes - Vietnam’s rapidly growing trade and production have pushed the cargo volume through the country’s seaports to rise by 20-30 percent per annum, making port projects appealing to foreign investors. Cargo transported through Vietnam’s seaports rose 30 times over the past two decades A number of Japanese firms led by Nakagaki Yoshihiko, vice president of the International Friendship Exchange Council of Japan (FEC), have recently met with Deputy Transport Minister Nguyen Van Cong to seek investment opportunities in Vietnamese port projects, especially those in the central region. At the meeting, the firms said that they are interested in Vietnam’s planning and strategy to develop ports. According to Cong, the central region has favorable locations for port investment and development. At present, ports are mostly located in the north and the south, while the majority of ports in the central region remains small in scale. The Vietnamese … [Read more...] about Foreign investors set sights on Vietnam’s seaports
Foreign investors council
HCMC remains top draw for foreign investors
(VEN) - In the first eight months of 2018, Ho Chi Minh City (HCMC) attracted US$5.18 billion of foreign direct investment (FDI), maintaining its position as the country’s top investment draw. The Saigon High Tech Park has attracted investment from major groups worldwide Foreign investors In the first eight months, the city granted licenses for 640 FDI projects with total capital of US$558.63 million, a 22.2 percent increase in the number of projects and equivalent to 70 percent of total project capital licensed in the same period last year. Processing and manufacturing industries were most attractive to foreign investors, with 24.5 percent of FDI concentrated in these sectors. The real estate sector ranked second with 23.1 percent, followed by wholesale, retail and auto repair, motorcycles and other types of motorized vehicles (22.4 percent); technical activities, science and technology (14.5 percent); information and communications (six percent). Business investment … [Read more...] about HCMC remains top draw for foreign investors
VN food sector lures foreign investors
Speakers at the “Forum for Trade and Investment Promotion for the Việt Nam’s Food Sector” held yesterday in HCM City. VNS Photo Bồ Xuân Hiệp Viet Nam News HCM CITY — Việt Nam has a diverse and well-developed agricultural and food industry that offers vast opportunities to companies in the food industry, from sourcing to processing, a Hong Kong speaker said at a forum held on Wednesday in HCM City. More than 300 representatives from Vietnamese firms as well as 30 companies from Hong Kong, Japan, mainland China and South Korea participated in the Forum for Trade and Investment Promotion for the Việt Nam’s Food Sector. Stephen Liang, assistant executive director of the Hong Kong Trade Development Council (HKTDC), said Hong Kong and the 10 ASEAN member states formally signed a free trade agreement and related investment agreement last November. “These agreements marked a major milestone for Hong … [Read more...] about VN food sector lures foreign investors
Real estate fertile ground for foreign investors
There has been something of a real estate “fever” in recent times at the Thu Thiem Urban Area, the proposed new CBD and mixed-used urban area in Ho Chi Minh City’s District 2 and which is set to become the largest inner-city development in Southeast Asia. Investment into the urban area has been strong over the last few years, with a host of both local and foreign real estate developers seizing the opportunities on offer. Vietnam’s real estate market attracted $5.54 billion in FDI in the first half of this year, accounting for 27.25 per cent of total investment into the country, according to the General Statistics Office (GSO). 2018 marks ten years since the last real estate downturn and nearly five years of recovery. “Given that monetary policies are expected to stay neutral-to-accommodative to support growth when FDI inflows in the hundreds of millions of dollars are poised to enter the real estate market, the market is expected to continue stabilizing … [Read more...] about Real estate fertile ground for foreign investors
EVNNPT contributes to luring foreign investors
(VEN) - Ensuring stable supply of electricity to major industrial zones (IZs) nationwide is one of the important tasks of the National Power Transmission Corporation (EVNNPT), a one-member limited liability company under Electricity of Vietnam (EVN). EVNNPT has been contributing to attracting foreign investors and promoting Vietnam’s economic development. EVNNPT installs additional transformers for industrial parks in Bac Ninh Province A report by the Ministry of Planning and Investment shows that there are 325 IZs in Vietnam, more than 220 of which have begun operation with an occupancy rate of over 73 percent. Many IZs are of large scale, with a sizable number of foreign investors, and their demands and requirements for infrastructure and electricity have increased. EVNNPT recently put into operation two 220kV transformers totaling 500MVA in capacity to meet the increasing electricity demand of IZs in Bac Ninh Province, including the Yen Phong IZ that is home to two … [Read more...] about EVNNPT contributes to luring foreign investors