Investment capital

At the event (Photo: VNA) Binh Phuoc (VNA) – The southern province of Binh Phuoc on December 8 held a virtual investment promotion conference to introduce its potential and advantages to more than 70 German enterprises. Speaking at the conference, Vice Chairman of the provincial People's Committee Huynh Anh Minh believed that, German firms’ strengths and experiences combining with Binh Phuoc’s advantages would bring great and practical benefits for both sides. Minh emphasised that when investing in Binh Phuoc, notably its industrial parks such as the Becamex - Binh Phuoc industrial and urban complex, German investors will enjoy Vietnam’s highest investment incentives and additional ones from the province. The official stated they will have best conditions possible to implement their projects successfully and grow sustainably. Binh Phuoc always considers investors’ legitimate interests and success its own success, he said. Currently, the province houses 13 … [Read more...] about Binh Phuoc looks to expand investment ties with German firms

That added up to 11,219 valid foreign invested projects with registered capital totalling nearly 56 billion USD at present in the southern economic hub, which is taking the lead nationwide in terms of the project number. So far this year, HCM City has also seen 164 existing projects add 1.5 billion USD to their capital, up 39.2% year on year. They included 18 supplemented with 915 million USD in the processing and manufacturing industry, accounting for roundly 59% of the total additional capital; and 21 with 278 million USD in the information and communications sector, accounting for nearly 18%. Singapore is currently the biggest foreign investor in HCM City with 148 projects worth over 159 million USD, making 33.3% of the newly registered capital, followed by Japan and the Republic of Korea./. VNA … [Read more...] about HCM City’s new foreign investment tops 3.5 billion USD

Vietnam and Korea sign 16 agreements worth $15 billion The forum was organised as part of the official visit of President Nguyen Xuan Phuc to South Korea . Ministries, related authorities and localities of the two countries also signed eight MoU on promoting bilateral co-operation. The event attracted over 500 representatives of businesses from the two countries, including Korean enterprises operating in infrastructure, electronics, finance, transport, and education that expressed their interest in the Vietnamese market. Along with these sectors, permanent deputy prime minister Pham Binh Minh encouraged Korean firms to expand investment in Vietnam in digital technology, electronics, infrastructure, and industrial zones. Previously on December 5, President Phuc received representatives of large enterprises from South Korea, such as LG, Samsung , CJ, Lotte, Hyundai Motor, and Daewoo E&C. Many of them committed to investing additional billions of dollars in Vietnam. … [Read more...] about Vietnam and Korea sign 16 agreements worth $15 billion

Binh Duong has estimated its gross regional domestic product growth at 8% and GRDP per capital at 7,100 USD this year. The locality's index of industrial production is expected to expand 8.9%, while its total retail sales of goods and services increased by nearly 17%. Binh Duong 's total import and export turnover hit nearly 61.5 billion USD, of which, export reached about 36 billion USD, up 9% year-on-year, resulting in a trade surplus of 10 billion USD. Meanwhile, the province’s total social investment capital reached over 6.4 billion USD, up roundly 13% year-on-year. This year, the southern industrial hub has fulfilled 29 out of 34 socio-economic development targets./. VNA … [Read more...] about Binh Duong attracts more than 3 billion USD in FDI

Transactions at SHB. This year marks a strong transformation for SHB with impressive business results. — Photo courtesy of the bank SHB successfully issued more than 400 million shares to pay dividends in 2021 at the rate of 15 per cent, raising its chartered capital to VND30.6 trillion (US$1.3 billion), according to information from the State Securities Committee on Thursday. This is an important foundation to help SHB increasingly improve its reputation with the domestic and foreign investment community as well as international credit rating agencies. SHB is carrying out the prescribed procedures to register, deposit, list additionally issued shares and put them into official trading at the end of this month. The charter capital increase is part of SHB's development plan and was approved at the General Meeting of Shareholders, aiming to improve financial capacity, expand the lending scale, and invest in information technology. It especially promotes banking digitisation, … [Read more...] about SHB completes issuance of 400 million shares, increases charter capital to $1.3 billion

Binh Duong has attracted over 3 billion USD in FDI so far this year. (Photo: VNA) Binh Duong (VNA) – The southern province of Binh Duong has so far this year attracted over 3 billion USD in foreign direct investment ( FDI ), taking the lead in the Southeast region, according to Nguyen Tam Duong, chief of the Office of the provincial People’s Committee. GRDP per capital at 170 million VND (7,100 USD), he said at a press conference on the local socio-economic situation in 2022. Its budget revenue is estimated at 61.9 trillion VND, equal to 103% of the estimate and budget expenditure is forecast to reach 18.5 trillion VND. VNA … [Read more...] about Binh Duong attracts more than 3 billion USD in FDI this year