Foreign investors

FDI relocation "wave" still unclear as Vietnam faces competition from India, Thailand, Indonesia Vietnam has a great opportunity to receive new FDI, but it has been warned of the ‘the other side of the coin’. … [Read more...] about Vietnam prepares to receive investors from Japan, the US, EU

When EVFTA was about 10 days to become effective, the Copenhagen Infrastructure Partners (CIP) of Denmark, on behalf of the New Market Fund I, together with Asiapetro and Novasia Energy, signed a Memorandum of Understanding (MOU) with the People's Committee of Binh Thuan Province to develop La Gan offshore wind power projects. With an estimated total capital of US$10 billion, the project with a capacity of 3.5GW can enhance the position of Vietnam in the field of renewable energy in the world. And the successful cooperation between CIP, Asiapetro, Novasia Energy, and Binh Thuan in this project will be a foundation to attract other foreign investors to offshore wind power projects across the country. Earlier, Tesa announced that it would invest about 55 million euros, approximately $60.3 million, to open a high-tech adhesive factory specializing in serving for the electronics and automotive industries. According to the plan, Tesa will start production in 2023 with about 140 employees … [Read more...] about Opportunities to welcome high-quality FDI capital with EVFTA

Jakarta (VNA) – Indonesia is aiming to set up travel corridors with China and the United Arab Emirates (UAE) to help recover business activities which are seriously affected by the COVID-19 pandemic. During a virtual meeting, Indonesian Foreign Minister Retno Marsudi and her Chinese counterpart Wang Yi discussed a cooperation agreement to establish a travel corridor, which is hoped to be finalised soon. Essential travel activities in accordance with health protocols are expected to boost safe and effective economic activities between the two countries. Earlier, Indonesia and the UAE have agreed to establish a temporary safe travel corridor to facilitate travel between the two countries for essential business and commercial, diplomatic, and official purposes. This agreement is part of both countries’ efforts to contain COVID-19 and accelerate the economic recovery. The UAE is currently the country’s largest Middle Eastern investor, after pledging to pour … [Read more...] about Indonesia to set up travel corridors with China, UAE

Ambassador and Head of the Delegation of the European Union to Vietnam Giorgio Aliberti at the press conference According to Ambassador Giorgio Aliberti, the approval of the two agreements is a historic milestone that both Vietnam and the EU have been waiting 10 years for. He stressed that the two agreements were voted with high approval rates by both the National Assembly of Vietnam and the European Parliament. The two agreements are important factors in boosting economic development and bilateral trade. … [Read more...] about EVFTA and EVIPA help attract more investment in Vietnam