President of the Italian Chamber of Commerce in Vietnam (ICHAM) Michele D’Ercole addresses the workshop in Rome on November 9 (Photo: VNA) Rome (VNA) – Investment chances in Vietnam, especially once the EU-Vietnam Free Trade Agreement (EVFTA) takes effect, were introduced to Italian entrepreneurs at a workshop in Rome on November 9. President of the Italian Chamber of Commerce in Vietnam (ICHAM) Michele D’Ercole and ICHAM Executive Director Pham Hoang Hai informed local investors about Vietnam’s economy at present, including the positive economic growth and foreign investment attraction. Participants were provided with concrete information about the fields Vietnam is prioritising while Italy holds strength in, along with cooperation prospects and investment chances once the EVFTA is ratified and comes into force. They were also given details of Vietnam’s investment attraction policies and procedures. ICHAM President Michele D’Ercole … [Read more...] about Italian firms updated on investment opportunities in Vietnam
Investment opportunity cost
Solar power attracting billions dollars investments
In recent years, the solar power industry has become a lucrative and sustainable field for investors. Solar energy attracting investment After years of waiting, the solar power market has just received exciting news: the prime minister has signed Decision No.11/2017/QD-TTg on the mechanism for encouraging the development of solar power projects in Vietnam. Decision 11 is exciting news for domestic and foreign investors interested in the Vietnamese electricity market, especially since it requires Electricity of Vietnam (EVN) to purchase all electricity produced by grid-connected projects at 9.35 cent per kWh. Many solar power investors were said to start spending billions of dollars on theỉ projects in Vietnam Source: Institute of Energy Vietnam Thanh Thanh Cong Corporation (TTC) has … [Read more...] about Solar power attracting billions dollars investments
Vietnam trails behind Myanmar in investment attractiveness
Vietnam trails behind Myanmar in investment attractiveness Minh Tam HCMC – Vietnam ranks second in Southeast Asia behind Myanmar in terms of attractiveness to foreign investors, shows a just-released survey. A report on private investment by Grant Thornton Vietnam revealed that 72% of respondents agreed that Vietnam is attractive to investors. However, the percentage of respondents evaluating the business environment as “highly attractive” has tumbled to 2%, a reduction of seven points against last year. Myanmar took the lead due to the rapid economic growth rate, infrastructure and new investment law favoring foreign investors. Meanwhile, Vietnam holds the advantages of human resources, low labor costs and a fast-expanding middle class. However, investors in Vietnam struggle with problems like corruption, bribery, political interference and inconsistent interpretation of laws and regulations. Besides, inadequate infrastructure coupled with bureaucracy and … [Read more...] about Vietnam trails behind Myanmar in investment attractiveness
Experts talk up VN as investment destination – News – Investment
The Hanoitimes - Vietnam, with its 90 million population and growing affluence, and more focused efforts to equitise State-owned enterprises and restructure banks, offers great opportunities for portfolio investors despite some hurdles, a seminar that opened in HCM City on September 11 heard. Georges Joseph Ghorra, an executive from the IFC, a World Bank arm, told the two-day Gateway to Vietnam: Rediscovering New Investment Opportunities that his institution "is convinced of the long-term growth prospects in Vietnam." He spoke about the country's "golden demographic structure" with an abundant workforce of 76% of its population and a young and growing middle class with increasing disposable incomes.Macroeconomic stability has been restored with single-digit inflation while the reform process continues, he pointed out. The Vietnamese market is currently trading at attractive earnings multiples compared to other markets in Southeast Asia, he said, pointing out further that Moody's and … [Read more...] about Experts talk up VN as investment destination – News – Investment
PM greenlights Long Thanh airport – News – Investment
The Hanoitimes - Investors are chomping at the bit over Vietnam's biggest airport project as it prepares to have its investment plan approved for submission to the National Assembly for approval. The Government Office announced last week that Prime Minister Nguyen Tan Dung had agreed to the project's investment report which had been submitted by the Ministry of Transport (MoT). A state council including high-ranking government leaders in August appraised the feasibility of the project and gave it a thumbs up.The Long Thanh International Airport, located in the southern province of Dong Nai, about 40 kilometres from Ho Chi Minh City, plans to have the total annual capacity of 100 million passengers and five million tonnes of cargo by 2030, the Government Office noted.The investment process will follow two phases. The first, to be completed by 2025, is to develop an airport that can service 25 million passengers and 1.2 million tonnes of cargo per year. The second phase would expand … [Read more...] about PM greenlights Long Thanh airport – News – Investment