Investing

Vietnamese overseas investment during the opening nine months of the year surged by 32.4% on-year to reach US$572.3 million, according to the Ministry of Planning and Investment. A total of 41 new projects received investment licenses, with registered capital reaching over US$150.1 million, equivalent to 55.9% compared to the same period from last year. Furthermore, over US$422.1 million was poured into 15 capital adjusted and added projects, thereby representing a figure roughly 2.6 times higher than that of the same period last year. This sharp rise in adjusted investment capital can largely be attributed to Vietnamese conglomerate Vingroup’s investment of US$300 million in a new project in the United States. Elsewhere, Indochina Rubber Development and Investment Co., Ltd. project also moved to increase their investment capital of US$76 million in Cambodia, while Vingroup’s subsidiary automaker VinFast moved to expand their investment in its Germany-based … [Read more...] about Overseas investments soar by 32.4% over nine-month period

At a factory of Nestle in Hung Yen province (Photo: baodautu.vn) Hanoi (VNA) – Recent announcements made by foreign investors on additional investment to expand production in Vietnam reflect their trust in Vietnam’s prospects for economic recovery, reported the Dau tu (Investment Review) newspaper. The Swiss company Nestle said it is pouring an additional over 130 million USD, raising its total investment in Vietnam to 730 million USD to carry out a number of its projects in the next two years. Urs Kloeti, Factory Manager of Nestle Bong Sen, was quoted by the newspaper as saying that his company believes in Vietnam’s role as an international and regional manufacturing hub in the future. Alongside Nestle, other foreign firms have committed to maintaining operations in Vietnam despite the fourth wave of COVID-19 outbreaks that have forced various localities to apply stringent preventive measures. Tetra Pak of Sweden has confirmed that it will pump 5 million EUR (5.86 … [Read more...] about Foreign investors keep trust in Vietnam’s recovery

Sustainability is central to Bayer’s group strategy and an integral part of them company’s business strategies. The company’s innovations, products and services enable it to contribute significantly towards meeting the Sustainable Development Goals set by the United Nations. Both innovation and sustainability are crucial to achieving Bayer’s vision: “Health for all, hunger for none”. Since the COVID-19 outbreaks emerged, Bayer has accelerated this vision more and more. Although the goal will not be achieved overnight, it sets the foundation for Bayer’s future and serves as the mark by which it can measure all activity across the company. In particular, with scientific expertise and innovative strength, Bayer is convinced that it can make a significant contribution to address the global challenges of food security and health. Variety of efforts As Vietnam deals with the pandemic, Bayer has been working hard to bring the vision to bear in the country. Vietnam, like … [Read more...] about Bayer promoting sustainable Vietnam healthcare and agriculture

Ninja Van has secured $578 million in a Series E funding round backed by Alibaba The funds from this round of investment will be allocated towards infrastructure and technology systems that will support a sustainable long-term cost structure, as well as the quality and consistency of Ninja Van’s operations. Funds will also be invested in Ninja Van’s suite of micro-supply chain solutions to help Southeast Asian businesses optimise e-commerce opportunities. “The quality of investors joining us in this round of investment is a clear signal that the market recognises the emerging opportunities for e-commerce logistics in Southeast Asia and how as an entrenched player in the region, Ninja Van is positioned to take a central role in meeting the shifting demands of both businesses and consumers,” said Lai Chang Wen, co-founder and CEO of Ninja Van Group. On the same note, Kenny Ho, head of Investment for Southeast Asia at Alibaba Group said, "We strongly believe in the potential of … [Read more...] about Ninja Van secures $578 million in a Series E funding round backed by Alibaba

Phu Yen has drawn up a careful planning to preserve its beautiful seaside vista Pham Dai Duong, Secretary of Phu Yen Party Committee, was on a field trip for the planning survey by helicopter in May, leading the working group with leaders from Phu Yen People’s Committee, relevant agencies, and consultants. There, he explained the concrete orientations for Phu Yen’s general planning. “It is important to analyse the actual state of agricultural areas like rice, sugar cane and cassava, as well as forestation and aquaculture. From there, we can make suitable proposals and find planning options that fit the local situation,” said Duong, adding that the development of industries like tourism, real estate, and agriculture is deemed decisive in outlining the province’s general planning to best exploit its bountiful potential and advantages. Right after the field survey, Phu Yen’s leaders attended meetings with sponsors and consulting agencies on the outline of the province’s general … [Read more...] about Lifting Phu Yen development thanks to sound planning

Ca Na Port is important for Vietnam's energy development As Vietnam has yet to deploy any liquefied natural gas (LNG) power project, Ninh Thuan has been greenlighted to select investors for its LNG Ca Na Power Centre project through international bidding. In light of the decision of Ninh Thuan People’s Committee, the provincial Department of Industry and Trade has been tasked with inviting bidders and holding the bidding to select an investor to implement the first phase of the 1,500MW LNG Ca Na Power Centre in accordance with existing regulations on bidding, particularly Article 10 of governmental Decree No.25/2020/ND-CP dated February 28, 2020. During implementation, it needs close cooperation and reach a consensus with relevant state bodies, including the Ministry of Industry and Trade, Ministry of Planning and Investment, and Electricity of Vietnam, in regards to criteria on choosing investors to ensure bonafide competition and the chosen investor can best implement the … [Read more...] about Ninh Thuan to select investors for LNG power project via international bidding