How to get investment

Vietnam’s biggest conglomerate Vingroup and largest private lender Techcombank have been given the green light to conduct a pre-feasibility study on the Gia Nghia - Chon Thanh expressway. The consortium will have to submit its report by Aug. 31, according to the Ministry of Transport (MoT). Once the report is appraised and approved, the MoT will start a bid to select investors for the expressway, with Vingroup-Techcombank able to participate in the process should they want to. The expressway will stretch 212 kilometers with four-six lanes and a maximum speed of 80-100 kph. It will connect Central Highland Dak Nong and southern Binh Phuoc provinces. Another consortium, led by Deo Ca Corporation, has proposed to invest in two expressway projects in the north, Dong Dang - Tra Linh and Huu Nghi - Lang Son. Workers construct the 98-kilometers Cam Lo - La Son expressway connecting central Quang Tri and Thua Thien Hue provinces, February 2021. Photo by VnExpress/Vo Thanh … [Read more...] about Private firms eager to invest in expressways

The administration of Binh Duong province, in collaboration with the Vietnamese Consulate General in Sydney and Becamex IDC Corporation, organized an investment promotion seminar in Sydney on May 27. Binh Duong promotes investment opportunities in Australia. (Photo: baobinhduong.vn) In his remarks, Consul General Nguyen Dang Thang introduced to Australian officials and businesses the potential for expanding trade and investment in Vietnam, affirming that the two countries have treasured a close relationship in various fields, including politics, diplomacy, trade and investment. Despite the impact of the COVID-19 pandemic, he said, two-way trade turnover between Vietnam and Australia reached a record high of more than US$12.4 billion in 2021, a year-on-year rise of 49.45%. The first four months of this year alone also saw bilateral trade grow impressively, reaching US$4.8 billion, up 32.37% compared to the same period of last year. With regard to investment, as … [Read more...] about Vietnam seeks Australian investment opportunities in Sydney

Permanent Deputy Prime Minister Phạm Bình Minh has paid courtesy call to Japanese Prime Minister Kishida Fumio during the trip to Japan to attend the International Conference on the Future of Asia. — VNA/VNS Photo HÀ NỘI — During the visit to Japan, Permanent Deputy Prime Minister Phạm Bình Minh has paid courtesy calls to Japanese Prime Minister Kishida Fumio and several other Japanese high-ranking officials on May 26-27. During the meetings, Deputy PM Minh said Việt Nam always considers Japan as an extensive, reliable, and important strategic partner, hoping that the two sides would continue to implement important agreements and common understandings obtained during the official visits of PM Phạm Minh Chính and PM Kishida Fumio, contributing to the promotion of bilateral relations. The Deputy PM emphasised that as the two sides are reopening with the COVID-19 situation under control, Việt Nam and Japan must continue to exchange high-level delegations, especially through … [Read more...] about Vietnamese Deputy PM calls for investment from Japan in meeting with PM Kishida

The PM spoke highly of the U.S. firm’s engagement in the building of a digital economy and society in Vietnam, which matches Vietnam’s development priorities as well as the two countries’ relations. He asked Intel to continue investing in Vietnam in both depth and breadth, noting that the Government is prioritizing the investments applying high and clean technology and contributing to the development of digital economic infrastructure and high-quality human resources. PM Chinh also called for Intel to help the country create an ecosystem for innovation and startups, improve labour productivity, and diversify supply chains, adding that the Vietnamese Government is ready to support businesses, including FDI companies, to operate fruitfully. He voiced his belief that with the existing foundation and determination, Intel’s investment in Vietnam will reach a new level and generate more effectiveness. For his part, Gelsinger said Intel has been investing in Vietnam for 15 years. … [Read more...] about PM welcomes Intel’s investment expansion in Vietnam

Minh made the call during meetings with Japanese leaders as part of his trip to Japan to attend the 27th International Conference on the Future of Asia from May 26-27. The Deputy PM paid a courtesy visit to Japanese Prime Minister Kishida Fumio, and met with Speaker of the House of Representatives Hosoda Hiroyuki, President of the House of Councilors Santo Akiko, Chairman of the Japan - Vietnam Parliamentary Friendship Alliance Nikai Toshihiro, Secretary General of the Liberal Democratic Party Toshimitsu Motegi and public relations chief of the Party Taro Kono, Minister of Foreign Affairs Yoshimasa Hayashi, Minister of Economy, Trade and Industry Hagiuda Koichi, and the Governors of Kanagawa and Gunma prefectures, among others. Minh affirmed that Vietnam always considers Japan a leading strategic partner, and noted his hope that the two sides will continue to fruitfully implement major agreements and common perceptions reached during mutual visits by PM Pham Minh Chinh and his … [Read more...] about Deputy PM calls for more Japanese investment in Vietnam

It was necessary to improve the legal framework for REITs so that investors could feel secure in investing. — VNA/VNS Photo HÀ NỘI — Việt Nam needs to improve the legal framework to promote the development of real estate investment trusts (REITs) to add capital to the property market while bank credit and corporate bond issuance were being tightened. According to the Việt Nam Association of Realtors, property developers mainly raised capital from stakeholders, bank credit and corporate bond issuance. The tightening of bank credit and corporate bond issuance would force them to look for alternatives and REITs were predicted to become more popular as a capital raising channel for developers, the association said. REIT was a form of capital contribution for one or a porfolio of real estate projects, real estate enterprises by individuals and organisations through the buying of shares or fund certificates and getting returns based on the performance of the real estate … [Read more...] about It’s time to promote the development of REITs: association