Investors vietnam

A view of the 2022 Horasis India Meeting (Photo: VNA) Binh Duong (VNA) - Minister of State at the Indian Foreign Ministry Rajkumar Ranjan Singh has said that India is open in its investment in and cooperation with Vietnam in general and Binh Duong province in particular. He made the statement at the opening ceremony of the 2022 Horasis India Meeting, the foremost annual meeting of Indian business leaders and their global counterparts, on September 26 in the southern province of Binh Duong, which is a magnet for foreign direct investment in Vietnam. Beginning in 2009, the Horasis India Meeting offers business and government a platform to discuss a wide range of issues related to the Indian economy. The meeting comprises six plenary sessions and 26 discussion ones, with the engagement of 700 delegates who are expected to discuss common concerns such as global transition, economic development issues arising during the digital transformation process, artificial intelligence and … [Read more...] about Binh Duong remains good destination for Indian investors

The 2022 Horasis India Meeting opens in Binh Duong, September 26, 2022. (Photo: VNA) Hanoi (VNA) - Vietnam was praised as a hub for Indian investors to expand their business into other parts of Asia during the 2022 Horasis India Meeting, the foremost annual meeting of India business leaders and their global counterparts that convened on September 26 in the southern province of Binh Duong. With the theme “Dynamic Vietnam - Its New Vision”, the meeting was attended by Deputy Prime Minister Vu Duc Dam, Minister of State at the Indian Foreign Ministry Rajkumar Ranjan Singh, leaders of Horasis, and delegates from the Confederation of India n Industry (CII) and Vietnamese ministries and localities. The meeting comprised six plenary sessions and 26 discussion sessions, with 700 delegates debating issues of common concern such as global transition, economic development issues arising from the digital transformation process, artificial intelligence, and smart energy. … [Read more...] about Vietnam – A hub for Indian investors to expand into other parts of Asia

The Vietnamese economy is recovering strongly after the COVID-19 pandemic. (Photo: VNA) Hanoi (VNA) – European firms have shown their optimism about the Vietnamese economy, which is recovering strongly after the COVID-19 pandemic, Vice Chairman of the European Chamber of Commerce in Vietnam (EuroCham) Nguyen Hai Minh has said. According to Minh, despite the global supply disruptions induced by the pandemic, Vietnam still exported more than 35.1 billion USD worth of goods to the EU in 2020 and over 40 billion USD last year. Meanwhile, the Southeast Asian nation imported 14.6 billion USD and 16.7 billion USD worth of commodities to the bloc in the two years, respectively. In the first eight months of this year, Vietnam’s export revenue to the EU was valued at 31.9 billion USD, up 23.6%, resulting in a trade surplus of up to 21.6 billion USD, a rise of 46.4%. The figures have reflected positive impacts of the EU-Vietnam Free Trade Agreement (EVFTA), he noted. However, … [Read more...] about European enterprises optimistic about Vietnam’s economy: EuroCham

H2O Hospitality, a digital transformation company for the hospitality industry, working with Bespin Global, a cloud delivery platform company, announced that they have signed the MOU for the integration and joint operation of digital operation solutions for residential and accommodation facilities within the THT-Bespin Smart City Hub (the "Smart City Hub"). Mr. Kim Tae-ho, Country Director of Bespin Global Vietnam (left) and H2O Hospitality’s CEO Mr. John Lee (right) pose for a photo at the signing ceremony Smart City Hub is a platform jointly developed by Bespin Global Vietnam and Daewoo E&C’s Vietnamese subsidiary ‘THT Development’ for the operation management of smart cities in Vietnam. The two companies plan to build a strategic cooperative relationship based on each company's core competencies and technologies. H2O Hospitality is based on technology and consignment management expertise that has successfully carried out digital … [Read more...] about H2O Hospitality – Bespin Global Vietnam sign MOU for Smart City Platform business cooperation

Foreign businesses continue to show their confidence in Vietnam’s investment environment. The disbursement of foreign direct investment (FDI) in Vietnam during the nine months of 2022 reached nearly US$15.4 billion, up 16.2% year-on-year, a report of the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment has shown. Electronics production at SGK Company in Chuong My Industrial park, Hanoi. File photo “Businesses are firmly on the recovery track, which is evident via expansion and investment activities,” stated the FIA. The FDI commitments declined by 15.3% during the period to over $18.7 billion . In the nine months, 1,355 new projects have been approved with total registered capital of $7.12 billion, up 11.8% in the number of projects but down 43% in capital year-on-year. The FIA attributed the lower investment capital in fresh projects to the global economy's slow recovery following severe Covid-19 impacts and … [Read more...] about Actual FDI to Vietnam rises over 16% to US$15.4 billion in 9-month

Being the second largest investor in Vietnam, Singapore is well-positioned to do business with the country in the electronics sector. Business matchmaking is a way that Vietnam tries to enable foreign investors to find investment opportunities in the country, especially those from Singapore. Visitors at the Singapore Pavilion, NEPCON Vietnam held in Hanoi on Sept 14-16. Photos: AEIS An executive of the Association of Electronic Industries in Singapore (AEIS) shared the idea following the conclusion [in mid-September] of NEPCON Vietnam, an Electronic Trade Show in Vietnam providing ground for the latest technologies introduction and global innovators. NEPCON Vietnam is an example of a tradeshow connecting manufacturers and consumers in the electronics market, a stalwart of the Asian electronics market, to promote business matching on a physical and digital level, AEIS Executive Director Eileen Ang said in an interview with The Hanoi Times . … [Read more...] about Business matchmaking: Great opportunity for Singapore investors to enter Vietnam