The Hanoitimes - Vietnam expects to speed up the privatization process which has been at slow pace over the past years. Progress of SOEs privatization remains far behind schedule Sluggish privatization affects Vietnam’s commitments in new FTAs Vietnamese SOE privatization is 85% below expectation Slow privatization hinders Vietnam from luring more foreign investment The State Bank of Vietnam has issued new regulations to further facilitate foreign investors in taking part in the privatization and divestment of State-owned enterprises (SOEs) in the country. The state has made a successful IPO of Dung Quat oil refinery. Illustrative photo Under Circular 03/2019/TT-NHNN regulating the use of foreign currencies by foreign investors in Vietnam, effective from May 13 this year, foreign investors will be able to put down deposits and collateral in foreign currencies when participating in auctions to purchase shares in SOEs. Accordingly, the new circular allows … [Read more...] about Vietnam leverages foreign investors in SOE privatization
Foreign investors in us
January sees Japan top list of foreign investors in Vietnam
Kyoshin, Katolec Global Logistics, and Sews Components Vietnam II are among the three most notable investors from Japan as January saw them inject US$200 million into Vietnam, making up more than half of US$364 in Japan’s total FDI into the country. One notable project was by Japanese company Kyoshin Vietnam which raised investment capital by US$134.7 million in order to construct a factory specializing in manufacturing molding products and electrical spare parts. Others included a US$65 million logistics project funded by Katolec Global Logistics Vietnam in the northern province of Ha Nam and the US$64.89 million project funded by Hay Sews Components Vietnam II which saw a factory built in the northern province of Hung Yen. With investment coming in three major projects, Japan retained its leading position among FDI investors nationally during January, this was followed by the Republic of Korea (US$349.1 million), and China (US$307.8 million). During the course of … [Read more...] about January sees Japan top list of foreign investors in Vietnam
M&A offers big gains for foreign investors in Vietnam’s market
The Hanoitimes - According to experts, many foreign investors consider M&A the most effective and fastest way to penetrate and expand operations in the Vietnamese market. M&As in Vietnam’s banking industry to heat up in 2019 Vietnam’s M&A market forecast to thrive in 2019 Vietnam’s M&A market sees new chance in upcoming trade deals Foreign fashion giants set footprint in Vietnam through M&A Foreign investors enter Vietnam’s renewable energy industry through M&A Fine-tuning bottlenecks to lure more M&A in Vietnam's real estate Merger and acquisition (M&A) deals have helped many foreign investors enter the Vietnamese market rapidly to cash in on the potential outlet. Foreign investors earned big profits from acquiring Vinamilk’s stake Just a few months after acquiring the largest foreign stake in Vietnam’s Masan Group Corp for about US$470 million, South Korea’s SK Group saw initial … [Read more...] about M&A offers big gains for foreign investors in Vietnam’s market
Japan tops foreign investors in first half
Retail and real estate industries have become top attractions for Japanese investors Japanese to expand business Japan, the first G7 member to recognize Vietnam’s market economy (in 2011), currently ranks second among 126 countries and territories investing in Vietnam with 3,725 projects totaling US$50.5 billion in registered capital. Vietnam has become the second choice in the region for Japanese investors, after China. In 2017, the Bank of Japan (BOJ) announced that Vietnam overtook Malaysia to become the most lucrative foreign market for Japanese companies. BOJ data showed that Japanese FDI in Vietnam yielded total revenues of JPY198.1 billion or US$1.74 billion in 2016, up 70 percent from JPY116.2 billion in 2014. These impressive figures encourage investors from Japan and other countries to invest further Vietnam, and explain why more than 70 percent of Japanese companies have plans to expand their business in Vietnam in the near future. Vietnam’s economy is … [Read more...] about Japan tops foreign investors in first half
Iran woos foreign investors amid US economic pressures
Iranian Foreign Minister Mohammad Javad Zarif said on Monday that Iran is "the most reliable and safest market" for foreign investments, official IRNA news agency reported. Iranian Foreign Minister Mohammad Javad Zarif - Photo: Reuters. Referring to the US financial and economic pressures against Iran, Zarif said that the Islamic republic has experienced many difficulties since the victory of Islamic revolution in 1979, and the Iranian people have been the ardent supporters of the country in the face of pressures. Imposing pressures may cause negative impact in the market, but private sector has always managed to tackle the problems, he made the remarks at a meeting with foreign representatives in Iran. Zarif encouraged foreign investors to actively enter Iran's market. The US State Department announced last month that the United States had been pushing its allies to stop oil imports from Iran by Nov. 4. Some of the international companies which also signed major deals with … [Read more...] about Iran woos foreign investors amid US economic pressures