He made the remark at a reception for foreign investors to an annual meeting of global investors. He valued their selection of Vietnam as the venue for the meeting as well as their attention to the country. PM Phuc affirmed that the Vietnamese Government is making efforts to continue keeping macro-economy stable and inflation under control, accelerating growth rate, boosting the private sector’s development, developing regulations, building infrastructure, and preventing climate change. The meeting between Prime Minister Nguyen Xuan Phuc and foreign investors on September 14 Over the past years, Vietnam has continually maintained high economic growth and is determined to attain a fast economic growth rate in 2017. It is also resolved to strongly attract FDI and realise social welfare targets such as poverty elimination and the UN Sustainable Development Goals. The country is … [Read more...] about Vietnam wants foreign investors’ presence in SOE equitisation: PM
Foreign investors
LienVietPostBank in talks to sell 25% stake to foreign investor
LienVietPostBank in talks to sell 25% stake to foreign investorThanh Thuong HCMC – LienVietPostBank is now in talks to sell a 25% stake to a foreign investor, and in order to do so, the bank has locked foreign ownership at 5% to ensure the total foreign room in the bank at 30% as per regulations, said the bank’s top executive. Nguyen Doan Son, vice chairman of the board cum general director, told investors at a road show in HCMC yesterday that his bank is now finalizing talks with the investor, but he stopped short of mentioning the investor’s name. He added his bank will only get listed after concluding the deal. The foreign investor shows keen interest in the mid-sized bank owing to the large network the local bank enjoy and a customer base of 2.8 million, Son said. He expected the foreign investor would help his bank in mapping out a good governance strategy, as well as assist the bank in spurring capital. “After the involvement of the foreign investor, … [Read more...] about LienVietPostBank in talks to sell 25% stake to foreign investor
Green growth- a magnet for foreign investors
Green development projects in Vietnam are catching attention of foreign investors. (Photo: sggp.org.vn) Hanoi (VNA) – Green development projects in Vietnam are catching attention of foreign investors on account of the Government’s favourable policies on land, taxes and capital as well as a large number of potential customers in the country, said Duong Thanh An, Head of the Policy and Legal Affairs Department under the Vietnam Environment Administration. A survey on Japanese investment trend in Vietnam in 2017 held by the Japan External Trade Organisation (JETRO) in Vietnam revealed that at least 25 Japanese businesses have the intention to invest in improving environment quality in Vietnam, such as in waste water treatment for plants and urban areas. Other businesses said they will design warning software for storms, flash floods and tsunami. The Japanese … [Read more...] about Green growth- a magnet for foreign investors
Foreign investors seek more shares in infrastructure company
In the first nine months of 2017, foreigners were the net buyers of VND13.5 trillion at both Hanoi and HCMC bourses. Securities firms noted that they not only eyed shares with high capitalization value, but also hunted for shares of industrial zone infrastructure developers. On the Hanoi bourse, VGC of Viglacera and HUT of Tasco are the two names which most attracted foreign investors. Foreign investors’ net purchase of VGC was VND315 billion, while the figure was VND151 billion for HUT. They also spent nearly VND2 trillion to buy VGC and HUT through auctions and specific issuance campaigns. The auction of 120 million VGC to the public in late May attracted many buyers with the average price of VND16,175 per share. More than 109 million shares, or 91.65% of total shares offered, were collected by foreign investors. Dragon Capital spent VND1 trillion more to buy 59.5 million more VGC. With the latest deal, it now holds 76 million shares, or 17.82% of Viglacera stake. … [Read more...] about Foreign investors seek more shares in infrastructure company
Vietnam remains attractive and friendly in foreign investors’ eyes
VietNamNet Bridge - Foreign investors say they consider the riots triggered by disruptive elements some days ago to be unfortunate incidents, but affirm that they do not intend to leave Vietnam, which they still find "attractive" and "friendly". The Vietnamese Government firmly takes every necessary measure under the law and international commitments it made to ensure security, safety and legitimate rights of foreign organisations, businesses and individuals in Vietnam. President of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc made the affirmation at a meeting in Hanoi on May 19 with representatives of foreign businesses operating in Vietnam to listen to their opinions on recent extremist actions taken by some individuals in Binh Duong, Dong Nai and Ha Tinh provinces that damaged the country's image. Any act that harms the staff and assets of foreign enterprises is totally not accepted and those who sparked disturbances will be stringently punished to avoid … [Read more...] about Vietnam remains attractive and friendly in foreign investors’ eyes